Ann: Anson Purchases Ni-Cu-PGE Project Abutting Julimar Discovery, page-3

Anson Purchases Ni-Cu-PGE Project Abutting Julimar Discovery
Highlights: • The “Bull” Nickel-Copper-PGE Project is located 12km along strike of Chalice Gold Mines high grade Julimar Complex. • Underlain by magnetic structures similar to Julimar Ni-Cu-PGE deposit • No previous exploration for Ni-Cu-PGE mineralisation on tenement • Expands Western Australia base metals exploration portfolio Anson Resources Limited (Anson) is pleased to advise that it has entered into a binding agreement to acquire State Exploration Pty Ltd (State), sole holder of E70/5420 (The Bull Ni-Cu-PGE Project). This acquisition expands Anson’s Western Australian base metals exploration portfolio. This project abuts the Chalice tenements and is 12km south west along strike of the Julimar Ni-Cu-PGE high grade discovery. The pending exploration licence application covers an area of 56km2 and is underlain by magnetic features that are similar to the Julimar discovery, see Figures 1 & 2.

150k in shares for this project seems a little cheap in my opinion ,I guess the owners like the idea of getting a heap of ASN shares for the project ,maybe they think they will make more.