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- Anson applies for additional 17 strategic SITLA blocks
- Areas abut Green River lithium project and its privately owned land parcels
- New tenure covers total area 16.02 sq. km highly prospective lithium-rich brines
- Represents a potential 18.4% increase in the project’s land parcel
Anson Resources (ASX:ASN) has made a strategic application for 17 blocks as one OBA application to the Utah state government’s School and Institutional Trust Land Administration (SITLA), at its Green River lithium project in the USA.
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EC and CEO, Bruce Richardson, said Anson’s strategy is to increase the JORC estimates for the Green River lithium project without undertaking additional drilling programs, thereby limiting expenditure and the timeline for JORC upgrade consideration. Once granted the company will appoint an independent consulting company to review the current JORC resource and provide an update.
“As we indicated after the substantial JORC resources estimate in May 2026, the company has identified opportunities for further increases,” Mr Richardson said.
“The application for additional mineral rights from SITLA is one of the ways Anson has identified to increase the resource without additional drilling costs. This demonstrates the company’s approach to managing its capital resources in a responsible manner to provide increased shareholder value.
“The company continues to examine opportunities to further increase the JORC resource estimate in alignment with its strategy to seek funding for the development of the Green River lithium project. An increase in the resource will provide a longer mine life, which further increases interest and debt and equity funding of the project.”
An OBA provides a mechanism for special consideration to bring significant projects into production. The proposed OBA lease increases the Green River land package immediately adjacent to the privately owned land parcel and the proposed processing plant location.
The OBA lease application covers an area of 16.2 sq. km, of which 100% will fall within the Area of Influence (AOI) of the recently upgraded JORC resource completed by a third-party resource modelling company based in the USA.
It is expected that the board of SITLA will consider the application in August and, if approved, the JORC upgrade is expected to be achieved in Q3 2026. The upgrade of the JORC estimate will be a key input to support the company’s definitive feasibility study (DFS), which is the next step in the company’s plan to advance funding for the Green River lithium project in 2027.
A new exploration target for the OBA ground was interpreted based on the data derived from the exploration drilling and the calculated JORC resource of 235 to 240 million tons of brine grading in the range of 100 to 130 parts per million (ppm) lithium.
The exploration target ranges are based on the numerous historical oil and gas wells in the area which all exhibit the same geological characteristics, and the recent Anson drilled Bosydaba #1 and Mt Fuel-Skyline Geyser wells.
ASN was steady at 4.4¢ with a Mkt cap $72.87M before markets opened.
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