Anson Resources Limited
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Anson Completes 3D Geological Model at Paradox Basin Lithium Projects, Sets Stage for Future Project Funding
Anson Resources Limited (ASX: ASN, ASNOD) is pleased to announce the completion of a comprehensive 3D Geological Model for its Paradox Lithium Project and Green River Lithium Project in the Paradox Basin, located in south-eastern Utah, USA. The completion of this model marks a significant milestone for Anson as it progresses towards obtaining project funding for its lithium assets.
The 3D Geological Model covers the entire region hosting both the Paradox and Green River Lithium Projects and is currently being integrated into a numerical Hydrogeological Flow Model. This Flow Model will play a crucial role in the conversion of JORC Inferred Resources into the Indicated category, and ultimately into JORC Ore Reserves.
The conversion of lithium JORC Resources into JORC Ore Reserves is of utmost importance for Anson, as it is a necessary step in securing project funding for its Paradox Basin lithium projects. By providing a detailed understanding of the geology and hydrogeology of the region, the 3D Geological Model sets the stage for accurate estimation of the project's resource and reserve potential.
Anson has been committed to developing a robust JORC Resources and JORC Ore Reserves strategy, and the completion of the 3D Geological Model demonstrates the company's dedication to scientific excellence and technical expertise.
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The model represents a major advancement in the understanding of the lithium potential at the Paradox Basin and Green River projects.
The Paradox Basin lithium projects hold significant promise, and Anson aims to leverage the completed 3D Geological Model to attract the necessary project funding. The successful conversion of JORC Resources to JORC Ore Reserves will not only strengthen Anson's position in the lithium market but also pave the way for future development and commercialisation of the projects.
Anson Resources Limited remains optimistic about the potential of its Paradox Basin lithium projects and is dedicated to delivering long-term value to its shareholders and stakeholders by capitalising on the vast lithium resources in the region.
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