ASN

Anson has applied for 1,175 acres of state-administered land at Green River that would bridge east–west claim areas and add ~59–71 Mt of brine-hosted lithium (100–130 ppm Li) to a future JORC update without requiring additional drilling. Approval expected August 2026, with JORC upgrade targeted Q3 2026 to underpin the DFS timeline.

ASN secured first of two facilitation payments from POSCO (A$3.85m) under a DLE demonstration plant agreement, de-risking Green River project development through third-party capital and validating lithium extraction technology without shareholder dilution. Funds directed to Definitive Engineering Study ahead of final investment decision, with POSCO bearing all demo plant capex and operational costs.

ASN is pursuing a low-cost tenure acquisition strategy to expand its JORC resource without additional drilling, targeting an 18.4% land increase at Green River that could extend mine life and support upcoming DFS funding efforts. The application hinges on SITLA Board approval in August and successful third-party JORC review in Q3 2026, making near-term execution timing critical.

Anson is advancing its DFS for Green River through structured engineering coordination with Sedgman and Baker Hughes, targeting January 2027 completion with ±25% capex/opex accuracy. The announcement confirms operational momentum on a major capital project but provides no new reserve data, metallurgical results, or capex/opex estimates.

Gabriel Nominees and associated shareholders have increased collective voting power to 10.07% via s.249P requisition process, signalling organized shareholder activism around an extraordinary general meeting. The group is acting in concert solely for purposes of forcing distribution of an explanatory statement, with no binding voting agreement disclosed.

Congressional backing for DoE grant funding provides non-dilutive capital pathway for ASN's lithium development, a strategic advantage over peers raising equity. However, grant approval timelines are typically extended and outcomes uncertain, limiting near-term catalysts.