Anson Resources Limited (ASX: ASN) ('Anson Resources' or 'the Company') is pleased to announce that it has reviewed the mine plan and data base developed in 2009 for the extraction of lead at Mary Springs deposit, Ajana Project in the Mid-West region of Western Australia and has identified that assays result contained not only lead but also gallium (Ga) and barium (Ba).
However, the Ga and Ba results were not announced or included in the JORC estimate. The Ga assay results were up to 36ppm can be recovered while processing for lead.
Metallurgical results show the presence of galena and sphalerite in the ore deposit, sulphide mineralization, this would provide an opportunity for a multi-mineral development. The Mary Springs lead resource, interpreted by an independent consultant in 2010, was converted to a 2012 JORC standards by Anson, see ASX Announcement 13 October 2017. The estimate is being updated to include the critical minerals Ga and Ba.
Based on the high-grade Zn-Pb-Ag mineralization in the Ajana Project, an indicator that it may contain concentrations of critical minerals, Anson has determined to re-assaying the Mary Springs diamond core for all critical minerals, including indium and germanium and, if identified, to be included these in the JORC resource estimate.
Anson is in the process of conducting metallurgical test work to determine the most economic method to extract the Pb-Zn-Ag along with the critical minerals Ga, In, Ge and Ba. Petrological studies of the ore and surrounding rock units will be conducted in parallel with this test work to determine the association of the sulphide mineralization with the extensive gallium mineralization as well as the concentration of the critical minerals with the lead and zinc mineralization.
About the Ajana Project
Anson purchased the Ajana Project (E66/89) in December 2015 and won the ballot for the Mary Springs Prospect (E66/94) in August 2016. In 2024 the E66/131 was applied for to increase the total area to xx km2 the Ajana Project which covers numerous Zn, Pb, Cu and Ag prospects. The tenements were pegged with the knowledge of the work already completed and the fact that the entire area had been underexplored. Extensive work that has been completed over the Ajana Project Area:
1970's West Australian government funded regolith geochemistry sampling program identified widespread Gallium and Barium, 1970's Poseidon Ltd metallurgical testing of Mary Springs Pb deposit, 1973 ACM soil sampling programs identified Zn, Pb & Cu anomalies, 1971 Tycho Mining rock chip samples of Zn-Pb-Ag prospects, 2010 Eagle Nickel rock chip sampling programs - identified Zn-Pb-Ag-Ga-Ba mineralization, 2010 Ethan Drilling programs - calculated Mary Springs Pb JORC Resource 2017 Anson updated the Pb resource to be 2012 JORC compliant 2017 Anson funded Versatile Time Domain Electromagnetic System (VTEM) survey identified 31 mineralization drilling targets 2023/24 Anson Ethel Maude and Surprise Drilling programs - Zinc, Lead, Silver assay results under review, identified critical minerals Gallium, Indium, Germanium and Barium. The geological and geophysical results correlate and identify various mineralization targets, across the Ajana Project area, that can be drilled to add additional resource for Zn-Pb-Ag-Ga-In-Ge-Ba.
About Gallium, Indium and Germanium
On 1 August 2023, China which produces 98% of the worlds Gallium and 92% of Germanium cancelled all exports, weaponizing supply, highlighting the need to secure safe and reliable supply of critical elements and minerals. It is anticipated that USA and European semiconductor chip manufacturers will actively seek to establish long term supply contracts with future Gallium suppliers (outside of China), such as Australia.
Contact:
Bruce Richardson
Tel: +61 7 3132 7990
About Anson Resources Ltd
Anson Resources (ASX: ASN) is an ASX-listed mineral resources company with a portfolio of minerals projects in key demand-driven commodities. Its core asset is the Paradox Lithium Project in Utah, in the USA. Anson is focused on developing the Paradox Project into a significantlithium producing operation. The Company's goal is to create long-term shareholder value through the discovery, acquisition and development of natural resources that meet the demand of tomorrow's new energy and technology markets.
Competent Person's Statement 1: The information in this announcement that relates to exploration results, geology and Mineral Resources is based on information compiled and/or reviewed by Mr Greg Knox, a member in good standing of the Australasian Institute of Mining and Metallurgy. Mr Knox is a geologist who has sufficient experience which is relevant to the style of mineralization under consideration and to the activity being undertaken to qualify as a 'Competent Person', as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and consents to the inclusion in this report of the matters based on information in the form and context in which they appear. Mr Knox is a director of Anson.
ANSON RESOURCES LIMITED 
