Anson Resources: Approved for resource expansion drilling at Paradox, Utah

Anson Resources Approved for resource expansion drilling at Paradox, Utah

• Anson Resources (ASN) has been granted approval to begin resource expansion drilling at its flagship Paradox project in Utah
• The company will re-enter wells in the western part of the project to target lithium-rich brine aquifers within the Mississippian units and Pennsylvanian clastic horizons
• Anson plans for this work to convert existing inferred resources and the exploration target in the area into indicated and inferred resources
• The drilling work is set to begin before the end of March
• ASN shares are up 21 per cent to trade at 23 cents at 12:54 pm AEDT