Published: June 1, 2023 |

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Anson Resources Limited has commenced a geotechnical engineering study at its Green River Lithium Project in the Paradox Basin in south-eastern Utah.

HIGHLIGHTS

• Anson is undertaking a geotechnical engineering study as part of due
  diligence for its proposed acquisition of privately owned, industrial use land at its Green River Lithium Project in
  Utah
• The new property is the proposed location for a future lithium processing plant at the Green River Project
• The geotechnical engineering study consists of core drilling and shallow trenching plus geophysical surveys
• The study will provide geotechnical data and subsurface conditions to be used in engineering studies to provide
  construction recommendations and estimates for the proposed lithium plant.
• Due diligence is progressing well - phase 1 environmental site assessment has been completed with no
  significant environmental issues identified

The engineering study forms part of the due diligence being undertaken for Anson’s planned purchase of privately owned, industrial use property at Green River, proposed to be the location of a future lithium production plant at the project.

Due diligence on the proposed land acquisition is progressing well. A phase 1, environmental site assessment (ESA) has been completed by independent engineers. No significant environmental impact issues were identified during the phase 1 ESA study.

The engineering study is being conducted by independent engineers and geologists and will consist of:
• 9 boreholes and 5 test pits from which the following will be collected
    • Core samples to a minimum depth of 70 feet
    • Soil samples.
• Field resistivity measurements
• Geophysical surveys to determine dynamic properties of subsurface materials.

The engineering study will deliver a geotechnical report, which will provide a summary of the analyses, findings, and recommendations for possible construction locations within the property and will incorporate factors including:
• Field logs of soil, rock and groundwater conditions
• Geotechnical parameters for shallow and deep foundation design
• Corrosivity evaluation of soils
• Earth work recommendations
• Evaluation will provide recommendations for foundation design.

Anson Resources engages in the acquisition, exploration, and development of mineral resources in the United States and Western Australia. The company offers lithium, bromine, caustic soda, boron, and iodine; and zinc, lead, silver, graphite, nickel-cobalt laterite, vanadium, and uranium deposits. Its flagship property is the Paradox Basin Brine project, which covers an area of 95 square kilometers located in the Utah, the United States of America. The company also holds an interest in the base metal projects comprising The Bull project, which covers an area of 82 square kilometers; Ajana/Mary Springs project that covers an area of 222 square kilometers; and Hooley Well project, which covers an area of 154 square kilometers located in Yilgarn Craton, Western Australia. In addition, it holds an interest in the Yellow Cat project that comprises 85 Lode claim, which covers an area of 708 hectares located in Thompson District, Grand County, Utah. The company was formerly known as Mayan Iron Corporation Limited and changed its name to Anson Resources Limited in January 2016. Anson Resources Limited was incorporated in 2009 and is headquartered in Brisbane, Australia.

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