Name of the Project
Green River project.

Location
Utah, in the US.

Project Owner/s
Explorer and developer of natural resources Anson Resources.

Project Description
The Green River region hosts multiple large-scale geological structures, including the Ten Mile Graben, Little Grand Wash Fault, and the north-south striking Green River Anticline. These features contribute to favourable extraction conditions, such as high porosity and permeability, necessary for sustainable lithium brine production.

Anson plans to extract lithium and bromine from brine to produce high-purity products using direct lithium extraction technology and conventional flowsheets for all other processing.

Phase 1 is expected to produce about 13 074 t/y of lithium carbonate over a 23-year mine life.

The proposed Phase 2 expansion will target substantial expansion in the production of lithium carbonate and bromine, and will expand the project resources through the re-entry and sampling of historic wells, including Mineral Canyon; Sunburst; and high-grade, large Mississippian formations.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Phase 1 has a pretax net present value, at a 7% discount rate, of $1.31-billion and internal rate of return of 47%, with a payback of two years.

Capital Expenditure
Capital expenditure in Phase 1 is estimated at $495-million.

Planned Start/End Date
First production of battery-grade lithium carbonate in 2025.

Latest Developments
Anson Resources has expanded its footprint, pegging an additional 100 strategic lode claims that increase the project's total area by 8.23 km², to 88.61 km².

The newly acquired claims form a contiguous block with the state of Utah OBA lease, approved in September 2024, and are expected to be incorporated in future resource estimates. About 28% of the new ground can be immediately included in the next mineral resource upgrade.

Anson has pointed out that the new area contains two historical oil and gas wells that intercepted supersaturated brines, including the Grand Fault unit 14-24 well, where brines flowed to surface from depths of nearly 9 705 ft in the Mississippian Units – indicating high-pressure reservoir conditions.

While there are no historical lithium assays from the Grand Fault well, its proximity – less than 5 km – to the lithium-bearing Boysdaba No 1 well, drilled by Anson in 2024, positions it as a key re-entry target to grow the project’s mineral resource.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Anson Resources, tel +61 478 491 355 or email info@ansonresources.com.