Anson Resources Gains Approval for Key Drilling Program at Green River Project

The latest announcement is out from Anson Resources ( (AU:ASN) ).

Anson Resources has received approval from the Utah Division of Oil, Gas and Mining to re-enter the Mt Fuel-Skyline Geyser 1-25 well at its Green River Lithium Project. This drilling program aims to extend the depth of the well to increase the potential lithium-rich reservoir, which will contribute to a JORC Mineral Resource and aid in completing a Definitive Feasibility Study. The project targets highly porous geological structures that may concentrate lithium and other mineral salts, potentially enhancing the company’s resource base and market positioning.

The most recent analyst rating on (AU:ASN) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.

More about Anson Resources

Anson Resources Limited is a company involved in the exploration and development of mineral resources, with a focus on lithium projects. The company operates primarily in the Green River Lithium Project located in south-eastern Utah, USA.

Average Trading Volume: 1,156,825

Technical Sentiment Signal: Sell

Current Market Cap: A$73.5M

For detailed information about ASN stock, go to TipRanks’ Stock Analysis page.