Experienced, very wealthy investors are betting these explorers will go all the way
ANSON RESOURCES (ASX:ASN)
ASN’s main game is the ‘Paradox’ lithium-bromine brines project in southern Utah, which is nearing a development decision.
In early Feb ASN expanded the project once again, acquiring an additional 8.1sqkm of lithium rich ground right next door.
A major JORC Resource expansion program is now underway to expand and upgrade the resource base at Paradox.
ASN has a project-wide Exploration Target of 1,300 million tonnes to 1,800Mt grading 80 to 140ppm (parts per million) lithium and 2,000 to 3,000ppm bromine.
An 18-hole drilling program is also due to kick off at the explorer’s ‘Bull’ nickel-copper-PGE project in the Julimar district of WA.
The $122m market cap stock is down 14% year-to-date. It had $9.6m in the bank at the end of December.
Morning Trading February 24, page-238
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