- CEO
- Bruce Andrew Richardson
- Full Time Employees
- 4
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 1635 Village Center Circle Brisbane NV Australia 89134
- IPO Date
- Jun 22, 2010
- Business
- Anson Resources Limited (ASX: ASN), a critical minerals exploration and development company, focuses on lithium projects in the Paradox Basin, Utah, USA, through its US-based A1 Lithium division; it advances the production of battery-grade lithium carbonate for the global Li-ion battery market via direct lithium extraction technologies. The company explores for lithium, bromine, boron, iodine, zinc, lead, silver, nickel, cobalt laterite, vanadium, and uranium deposits across its portfolio, including the flagship Paradox Lithium Project encompassing Green River and Cane Creek sites covering approximately 167 square kilometers; additional assets comprise the Yellow Cat Uranium-Vanadium Project in Utah and three base and critical metals projects spanning 458 square kilometers in Western Australia's Yilgarn Craton, such as the Bull Project adjacent to Chalice Mining's Julimar deposit. Founded in 2009 and headquartered in Brisbane, Australia, Anson operates primarily in the United States and Australia, targeting clean energy and technology markets with brownfield sites benefiting from existing infrastructure, natural well pressure, and advanced permitting progress including 90% completion of fast-track approvals.
Recent advancements include a definitive offtake agreement with LG Energy Solution for up to 4,000 dry metric tonnes annually of battery-grade lithium carbonate, covering 40% of planned initial Green River production capacity; a memorandum of understanding with POSCO Holdings for a potential investment in a direct lithium extraction demonstration plant at Green River, supported by brine shipments to South Korea for testing. The company expanded its land position by 10% with 100 strategic placer claims, strengthening its JORC resource base; raised AU$14 million through placements including a AU$5 million tranche, bolstering cash reserves to AU$3.55 million for accelerated development; and commenced field activities for road enhancements and drilling re-entry at the Mt Fuel Skyline Geyser well following government approvals. Engineering studies and pilot testing with Koch Technology Solutions delivered industry-leading lithium chloride concentrations and market-leading Li:TDS ratios for low-cost production; a maiden JORC mineral resource was declared at Green River with elevated lithium values after aquifer openings, alongside Underground Injection Control permit approval.