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The latest announcement is out from Anson Resources ( (AU:ASN) ).
Anson Resources has reported a 650% upgrade to the JORC Mineral Resource estimate at its Green River Lithium Project in Utah, driven by new drilling data from the Bosydaba #1 and Mt Fuel-Skyline Geyser 1-25 wells. The Indicated resource has risen to 183,000 tonnes of lithium carbonate equivalent, an 863% increase, while the Inferred resource has climbed 602% to 590,000 tonnes, for a total of 773,000 tonnes.
The current estimate is based solely on the Mississippian Leadville Limestone unit, which has not yet been fully drilled, suggesting further upside as exploration progresses and additional claims are granted. The upgrade, completed by an independent North American geological consultant, was supported by fluid recovery from suspended drilling at Mt Fuel-Skyline, where assays returned higher lithium grades than at Bosydaba #1, reinforcing the project’s potential scale and significance in the U.S. lithium supply chain.
The most recent analyst rating on (AU:ASN) stock is a Buy with a A$0.38 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 Ltd is an Australia-listed resources company focused on lithium exploration and development, with key assets in the United States. Through its wholly owned subsidiary Blackstone Minerals NV LLC, the company is advancing brine-hosted lithium projects, including the Green River Lithium Project in south-eastern Utah, targeting growing demand for battery-grade lithium carbonate.
YTD Price Performance: -21.54%
Average Trading Volume: 3,376,105
Technical Sentiment Signal: Sell
Current Market Cap: A$82.6M
Find detailed analytics on ASN stock on TipRanks’ Stock Analysis page.