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- Anson Resources (ASN) commences a geotechnical engineering study as part of due diligence for its proposed acquisition of land at its Green River lithium project in Utah
- The study is being undertaken by independent engineers and geologists across 140.39 acres of privately owned land
- The results will be used to provide a summary of findings and recommendations for possible construction locations for a mineral extraction and processing plant
- ASN says due diligence has been progressing well, with its phase one environmental site assessment (ESA) now complete and no significant environmental impact issues identified
- Anson Resources is up 2.78 per cent, trading at 18.5 cents at 12:50 pm AEST
Anson Resources (ASN) has kicked off a geotechnical engineering study as part of due diligence for its proposed acquisition of land at its Green River lithium project in the Paradox Basin in Utah.
The study is being undertaken across 140.39 acres of privately-owned land, which it plans to use for its proposed mineral extraction and processing plant.
The company sourced independent engineers and geologists to take core samples from a minimum depth of 70 feet, soil samples, field resistivity measures and surveys on the dynamic properties of surface materials.
These results will then be used to provide a summary of findings and recommendations for possible construction locations.
ASN said due diligence has been progressing well, with its phase one environmental site assessment (ESA) now complete, with no significant environmental impact issues identified.
Anson proposed to acquire the acres of privately-owned land on May 23, agreeing to pay landowners US$2.4 million (A$3.6 million).
The deal includes Anson’s exclusive rights to the property, with the deal expected to be complete by April 2024.
ASN was up 2.78 per cent, trading at 18.5 cents at 12:50 pm AEST.
