- The Utah government has given Anson Resources (ASN) the green light for a further 1360 acres of mining claims bordering the Paradox Brine project
- Anson now has the right to extract potash and numerous mineral salts from the new neighbouring tenements in Southern Utah which are classed as areas of influence for inferred and indicated JORC resource categories
- The explorer has tabled plans to re-enter these claims for further mineral testing
- More broadly, the company has interpreted the granting of these leases as a demonstration of government support for the project, adding it has secured all available state government administered lands within the area of interest of the Paradox project
- Anson Resources is up 2.5 per cent following the announcement, trading at 8.3 cents per share
The Utah government has given Anson Resources (ASN) the green light for a further 1360 acres of mining claims bordering the Paradox Brine project.
Under the new lease, Anson has the right to extract potash and mineral salts including lithium, bromine, boron, magnesium, sodium and calcium across the new claims, which abut the Paradox project area.
More specifically, the new tenements include the Little Utah State claim and the Gemini claim, which are classed as areas of influence for inferred and indicated JORC resource categories.
Anson has tabled plans to re-enter these claims for further mineral testing.
The Paradox Basin Project is situated in Southern Utah and is hoped to supply lithium chemicals and byproducts for the battery market.
The nature of these particular leases are secured through a competitive sealed bid auction process, used for special consideration to bring projects into production, which Anson has interpreted as a demonstration of government support for the project.
According to Anson, it has now included all available state government administered lands within the area of interest of the Paradox project.
Anson’s Executive Chairman and Chief Executive Officer, Bruce Richardson, said securing the additional areas greatly adds value to Paradox.
“The company plans to continue to add area to the project as it continues to seek opportunities to increase its indicated and inferred JORC resource estimate, further growing the project and adding shareholder value,” he commented.
Anson Resources is up 2.5 per cent following the announcement, trading at 8.3 cents per share at 11:48 am AEDT.