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Anson Resources
(Sydney:ASN)
Anson Resources (ASN) vs. iShares MSCI Australia ETF (EWA)
Anson Resources Business Overview & Revenue Model
Anson Resources Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -652.50K | -652.26K | -286.07K | -127.64K | -111.95K |
| EBITDA | -7.69M | -9.06M | -11.88M | -3.21M | -4.13M |
| Net Income | -8.50M | -9.84M | -12.43M | -3.55M | -4.52M |
Balance Sheet | |||||
| Total Assets | 52.66M | 54.60M | 59.73M | 16.30M | 6.09M |
| Cash, Cash Equivalents and Short-Term Investments | 2.45M | 8.22M | 38.65M | 5.73M | 2.23M |
| Total Debt | 1.25M | 1.43M | 1.48M | 1.19M | 762.31K |
| Total Liabilities | 3.71M | 4.94M | 3.24M | 5.56M | 3.23M |
| Stockholders Equity | 48.95M | 49.66M | 56.50M | 10.74M | 2.85M |
Cash Flow | |||||
| Free Cash Flow | -8.45M | -30.68M | -15.98M | -7.44M | -4.01M |
| Operating Cash Flow | -8.15M | -7.02M | -9.62M | -1.22M | -2.79M |
| Investing Cash Flow | -4.02M | -22.96M | -6.36M | -6.21M | -1.12M |
| Financing Cash Flow | 6.38M | -450.97K | 48.93M | 10.91M | 5.59M |
Anson Resources Technical Analysis
Anson Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$470.54M | -9.46 | -5.18% | ― | ― | 47.15% | |
52 Neutral | AU$320.68M | -12.15 | -20.60% | ― | ― | 7.28% | |
50 Neutral | AU$443.60M | -0.97 | -111.27% | ― | ― | 66.10% | |
44 Neutral | AU$90.69M | -7.37 | -16.92% | ― | ― | 19.48% | |
43 Neutral | AU$41.44M | -11.22 | -13.86% | ― | ― | -12.34% | |
42 Neutral | AU$198.18M | -2.30 | -12.73% | ― | ― | 67.90% |
Anson Resources Corporate Events
Anson Resources has produced 99.4% purity electric vehicle battery-grade lithium carbonate from brine sourced at its Green River Lithium Project, processed via direct lithium extraction and a proprietary downstream flowsheet. The eluate from prior test work at its Green River Sample Demonstration Plant was upgraded at the company’s Lithium Innovation Center in Florida, and the resulting product’s purity was confirmed by SGS North America.
The new downstream process is described as more cost-effective and less electricity-intensive than the flowsheet previously used for its Paradox Lithium Project brines, reinforcing Anson’s efforts to optimize production economics. The company is reviewing multiple DLE and downstream technologies and advancing third-party engineering studies, with early evaluations expected in the coming months, a step that could shape the technology selection, project economics and returns for shareholders.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources has intersected the key Mississippian horizon at a depth of 9,189 feet in the Mt Fuel-Skyline Geyser 1-25 well at its Green River Lithium Project in Utah, collecting fluid and brine samples after detecting chlorides in the oil-based drilling muds. The program is designed to confirm the presence of lithium-rich brines in this target area and use the new data to convert a large existing Exploration Target near the Bosydaba well into Indicated and Inferred JORC Resources, potentially expanding the project’s resource base and strengthening Anson’s position in the emerging Paradox Basin lithium province.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources has supplied a high-concentration, high-purity lithium chloride sample, produced via its Direct Lithium Extraction pilot plant at the Green River Lithium Project and further concentrated at its Lithium Innovation Center, to Utah-based Nusano for materials evaluation. Nusano has begun test work using its proprietary separation platform to assess the lithium material’s suitability for energy, medical and industrial applications, a step that supports technical collaboration between the parties and advances discussions toward a potential definitive supply agreement, reinforcing Anson’s role in the critical minerals and nuclear supply chain in Utah.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources has disclosed that its Yellow Cat uranium-vanadium project in Utah hosts a non-JORC compliant historical mineral resource estimate of 56,850 tons grading 2,400ppm U3O8 and 1.47% V2O5, derived from extensive drilling conducted by U.S. government agencies in the early 1950s. The company has validated the presence of high‑grade mineralisation through its own sampling and review of historic drill data, including intervals with very high uranium and vanadium grades, but stresses that the estimate remains historical, not compliant with current JORC 2012 standards, and may change following further evaluation, highlighting both the potential scale of the project and the need for modern verification work before any resource can be formally reported.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
In the December 2025 quarter, Anson Resources advanced its Green River Lithium Project in Utah by securing U.S. federal and state approvals for a revised drilling program at the Mt Fuel–Skyline Geyser Well after encountering unlogged downhole obstructions, and commenced sidetrack drilling using a whipstock to tap both the Paradox Formation and Leadville units for brine sampling and potential JORC resource expansion. The company strengthened its commercial position with a definitive offtake agreement for 300 dry metric tonnes of high-purity lithium chloride from its Paradox Basin project, progressed its cooperation with POSCO on a direct lithium extraction demonstration plant, signed an MoU with Utah State University to develop a local lithium workforce, and continued technical work on its Yellow Cat vanadium/uranium and Ajana base metals projects; corporately, it completed a A$14 million placement, listed attaching options, maintained a cash balance of A$14.1 million, and delivered notable reductions in payroll and administrative costs while focusing resources on Green River’s development.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources has issued 1,000,000 ordinary shares for nil consideration as an incentive to employees and has confirmed the issue was made without a prospectus under the relevant provisions of the Corporations Act. The company stated it remains compliant with its continuous disclosure and financial reporting obligations, has no excluded information requiring disclosure, and has lodged the required Appendix 2A, indicating the share issue is a routine capital management and employee incentive measure rather than a signal of undisclosed material changes.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources has notified the market that it has issued 7.3 million unquoted performance rights under its employee incentive scheme. The new securities, which are subject to transfer restrictions and will not be quoted on the ASX until those restrictions lapse, represent a further use of equity-based remuneration to align staff and management incentives with shareholder outcomes.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources Limited has applied to the ASX for quotation of 1,000,000 new ordinary fully paid shares issued to employees. The share issuance represents an employee-related allocation and, once quoted, will modestly expand the company’s listed share capital while further aligning staff interests with those of shareholders.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources Limited has disclosed the distribution of holdings for its ASNOWK25 listed options, which are exercisable at $0.12 and expire on 30 December 2028. The report shows that as at 2 January 2026 there were 105 option holders collectively owning 112.5 million options, with more than 98% of these securities concentrated among 63 investors each holding over 100,000 options, indicating a highly concentrated ownership structure that may influence liquidity and control dynamics in the company’s derivative securities.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources has released an updated top holders report for its ASNOWK25 options, exercisable at $0.12 and expiring on 30 December 2028, showing that the top 20 holders collectively control 89.96% of the 112.5 million options on issue. The register is dominated by several large nominee and investment entities, with CG Nominees (Australia), Palisades Investments and Citicorp Nominees together accounting for more than half of the outstanding options, underscoring a highly concentrated ownership structure that may influence future liquidity, trading dynamics and strategic capital management outcomes for the company and its stakeholders.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources Limited has applied for quotation on the ASX of 112,500,019 options (ASX code: ASNO) expiring on 30 December 2028. The options, issued as part of previously announced transactions, expand the company’s listed securities base and may provide additional future capital inflow when exercised, altering the capital structure and potentially affecting existing shareholders’ dilution and the company’s financial flexibility.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources Limited has lodged a notice with the ASX for a proposed issue of new options as part of a placement or similar capital-raising structure. The company plans to issue a new class of options, exercisable at $0.12 and expiring on 30 December 2028, with a proposed issue date of 31 December 2025, in a move that will expand its securities on issue and potentially provide additional funding flexibility for future activities, subject to ASX processes and quotation approvals.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources has reported the results of its Extraordinary General Meeting, where shareholders voted on several capital-related resolutions by poll. All three resolutions, including the approval of free attaching placement options to placement participants, ratification of the prior issue of placement shares, and the issue of lead manager options, were carried with strong majority support. The approvals secure shareholder backing for Anson’s recent and planned capital-raising and incentive structures, underpinning funding and support for the continued development of its lithium projects in the United States.
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.
Anson Resources has disclosed a change in director Tim Murray’s relevant interests in the company’s securities, confirming the indirect allocation of 800,000 additional performance rights through Plantaria Pty Ltd following shareholder approval at the annual general meeting. The issue increases Murray’s total holding to 3.9 million performance rights (along with existing shares and options), signaling a further alignment of director incentives with shareholder outcomes, though no cash consideration was involved and no trades occurred during a closed period.
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.
Anson Resources has disclosed a change in director Gregory Knox’s relevant interests in the company’s securities, following the issue of 800,000 additional performance rights to him via his indirect holding entity, Knox Superfund Pty Ltd. The issue, which occurred at no cash consideration after receiving shareholder approval at the annual general meeting, increases Knox’s indirect performance shareholding to 2.8 million performance shares while leaving his direct share and option holdings unchanged, signalling continued alignment of the director’s incentives with the company’s long-term performance.
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.
Anson Resources has disclosed a change in Managing Director Bruce Richardson’s holdings, following the issue of 2,000,000 performance rights approved by shareholders at the company’s annual general meeting on 23 December 2025. The award, made at nil consideration and increasing Richardson’s total performance rights to 13.4 million while leaving his ordinary shareholding unchanged, underscores the company’s continued use of equity-based incentives to align executive interests with long-term shareholder value and project execution, without involving any on-market trading during a closed period.
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.
Anson Resources has notified the market of the issue of 3.6 million unquoted performance rights under its employee incentive scheme. The new securities, which will not be quoted on the ASX while subject to transfer restrictions, represent an equity-based award structure aimed at incentivising staff and aligning management remuneration with long-term company performance and shareholder value.
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.
Anson Resources has disclosed a change in director Tim Murray’s relevant interests, with Murray acquiring 80,000 ordinary shares in the company via an on-market purchase at a cost of $5,120 through his indirect holding entity, Plantaria Pty Ltd. Following the transaction, Murray’s indirect shareholding increased to 710,823 ordinary shares, while his direct holding and existing unlisted options and performance rights remain unchanged, signalling a modest increase in his equity exposure and aligning his interests further with shareholders.
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.
Anson Resources Limited has released an options prospectus dated 19 December 2025 outlining offers of up to 87.5 million free options to investors participating in a recent placement, on the basis of one option for every two placement shares, along with a separate issue of 25 million free options to its lead manager, all subject to shareholder approval at an upcoming extraordinary general meeting. The offers, which are not underwritten and not open to the general public, will not generate immediate funds for the company because no application monies are payable; instead, any capital raised will come only if the options are exercised in future, underscoring both the speculative nature of the securities and the company’s use of option incentives to support capital-raising and market engagement within a tightly regulated disclosure framework.
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.
Anson Resources has issued a clarification regarding its 2025 AGM presentation after discussions with the ASX, adding more detailed information on exploration targets and mineral resource category breakdowns for its Green River exploration target and its Paradox and Green River mineral resources to ensure compliance with ASX Listing Rules and the JORC Code. The company has also retracted prior references to a mine life of more than 20 years, an estimated 56 billion tonnes of brine in certain geological units, and a historic uranium and vanadium resource statement, advising investors not to rely on these withdrawn figures, which underscores heightened regulatory scrutiny around disclosure and may prompt stakeholders to reassess earlier expectations about the scale and duration of Anson’s projects.
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.
Anson Resources has received approvals from the US Department of Interior and the Utah Department of Natural Resources for a revised drilling program at the Mt Fuel-Skyline Geyser Well, part of its Green River Lithium Project. The original re-entry program was abandoned due to significant blockages in the well, leading to the development of a new drilling strategy that involves sidetracking the existing wellbore. This revised approach will allow Anson to collect brine samples and additional data to potentially strengthen its JORC resource, enhancing its operational capabilities and positioning in the lithium exploration industry.
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.