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
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Zelle and BofA Accelerate Charitable Disbursements

New partnership aims to streamline donations through Zelle's platform.Highlights: Zelle partners with Bank of America for charitable donations.New...

Upstart Applies for Bank Charter, Strengthening AI Lending Marketplace

The AI-driven lending platform seeks to expand operations with formal banking status.Highlights: Upstart has filed for a bank...

Santander Tests Agentic Payments Across Latin America

New payment experiment aims to innovate financial transactions in the region.Highlights: Santander launches agentic payments trial in Latin...

European Fintechs Strengthen as Reliance on US Investors Tightens

Analysis reveals changing dynamics in European fintech investment landscape.Highlights: European fintechs are increasingly relying on local funding.US investors'...