Anson Resources Advances Lithium Extraction and Expands Uranium-Vanadium Drilling Plans

Direct Lithium Extraction Pilot Success

Anson Resources Ltd (ASX: ASN) has reported a significant milestone in its lithium development strategy with the successful completion of a pilot Direct Lithium Extraction (DLE) program at its Green River Lithium Project in Utah, USA. Partnering with KOCH Technology Solutions, the pilot delivered an average lithium recovery rate of 98%, producing 43,500 gallons (165,000 litres) of high-purity lithium chloride eluate that meets or exceeds specifications required by downstream processors.

The DLE process also demonstrated exceptional impurity rejection rates, exceeding 99.9% for sodium and potassium, and over 99.3% for magnesium and calcium. This high level of impurity removal is critical for efficient downstream processing to battery-grade lithium carbonate, positioning Anson well in the competitive lithium supply chain for electric vehicle batteries.

Expanding Resource Potential in Utah

Complementing the pilot success, Anson’s wholly owned subsidiary A1 Lithium received approval from the US Bureau of Land Management to commence a western expansion drilling program at the Paradox Lithium Project. This program aims to re-enter and sample key wells to expand the existing JORC Mineral Resource, currently estimated at 1.5 million tonnes of lithium carbonate equivalent (LCE) and 7.6 million tonnes of bromine.

Meanwhile, at the Yellow Cat Uranium and Vanadium Project, Anson secured regulatory approvals to drill 24 exploration holes targeting maiden JORC resource delineation. The shallow drilling program, expected to be completed within 15 days of commencement, will focus on uranium and vanadium mineralization near historic mines, potentially adding a new critical minerals dimension to Anson’s portfolio.

Diversified Base Metals and Critical Minerals Exploration

In Western Australia, Anson’s Ajana Project reported a maiden JORC Mineral Resource Estimate for zinc, lead, and silver at the Surprise Deposit, with inferred resources of 103,000 tonnes grading 2.7% lead, 0.45% zinc, and 1.3 g/t silver. The mineralization remains open along strike and at depth, with further drilling planned to expand the resource and investigate critical minerals identified in recent assays.

Other projects, including the Hooley Well cobalt-nickel laterite and Bull nickel-copper-PGE projects, remain in preparatory stages, with heritage surveys and tenement applications underway. These assets underscore Anson’s strategy to build a diversified portfolio across high-demand battery and base metals.

Financial Position and Corporate Developments

Financially, Anson maintains a robust position with $4.7 million in cash at quarter-end and an unused $30 million equity placement facility. Quarterly expenditure focused primarily on exploration and corporate costs, with $774,000 spent on exploration and evaluation, predominantly at the Paradox Basin projects. The company also issued over two million shares as short-term incentives to employees, reflecting ongoing efforts to retain talent amid active project development.

Looking ahead, Anson plans to complete downstream lithium polishing tests in Q4 2025, a key step toward producing battery-grade lithium carbonate. The outcomes of upcoming drilling programs at Yellow Cat and Paradox will be critical in defining resource expansions and advancing project economics.