
Anson Resources filed for 17 Utah mineral blocks to expand its Green River lithium resource without drilling. CEO Bruce Richardson said the OBA lease application targets a JORC upgrade by Q3 2026.
Anson Resources (ASX:ASN) filed an application with Utah's School and Institutional Trust Land Administration for 17 mineral blocks adjacent to its Green River lithium project. The company wants to expand its JORC resource without sinking a single new well.
CEO Bruce Richardson said the strategy is to lift the resource estimate without the cost or time of additional drilling. An independent consultant will review the current JORC number once the state grants the lease.
“The application for additional mineral rights from SITLA is one of the ways Anson has identified to increase the resource without additional drilling costs,” Richardson said in a statement. “This demonstrates the company’s approach to managing its capital resources in a responsible manner to provide increased shareholder value.”
The application covers 16.2 square kilometres of brine ground that falls entirely within the Area of Influence of the JORC resource upgrade completed in May 2026 by a third-party US modelling firm. Anson pegged an exploration target of 235 to 240 million tonnes of brine grading 100 to 130 parts per million lithium on the new ground, based on historical oil and gas wells and its own Bosydaba #1 and Mt Fuel-Skyline Geyser wells.
The mechanism is an OBA lease, a Utah-specific process for bringing significant projects into production. The proposed lease sits immediately next to Anson's privately owned land parcel and the planned processing plant location.
SITLA's board is expected to consider the application in August. If approved, the JORC upgrade would land in the third quarter of 2026. That estimate feeds directly into the definitive feasibility study, which is the next step toward funding the Green River project in 2027.
“An increase in the resource will provide a longer mine life, which further increases interest and debt and equity funding of the project,” Richardson said.
ASN shares held at 4.4 cents before the open, giving the company a market cap of A$72.87 million.
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