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Anson Resources ( (AU:ASN) ) has provided an announcement.
Anson Resources has started a new drilling program at its Yellow Cat uranium and vanadium project in Utah, aiming to confirm mineralisation continuity over 4,500 metres between historical mine workings. The campaign will comprise 24 aircore holes totalling 1,000 metres, drilled to an average depth of 42 metres on the eastern side of the known historical resource and is scheduled for completion within two weeks.
Sampling from earlier exploration at Yellow Cat returned high grades of up to 10.33% U3O8 and 25.6% V2O5, supporting the project’s potential within shallow sandstone horizons above the water table. The shallow, near-surface nature of the mineralisation is expected to limit disturbance and costs, while successful confirmation of extension along strike could materially expand the resource base and enhance Anson’s position in the uranium and vanadium sector.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.05 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 ASX-listed exploration company focused on uranium and vanadium projects in the United States, held through its wholly owned subsidiary UV1 Minerals LLC. The company is advancing the Yellow Cat Uranium Vanadium Project in Utah, targeting high-grade mineralisation within sandstone units of the Morrison Formation to supply nuclear fuel and battery-related markets.
YTD Price Performance: -24.62%
Average Trading Volume: 4,607,183
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$79.36M
For a thorough assessment of ASN stock, go to TipRanks’ Stock Analysis page.