Anson Resources Expands Ajana Project Following Critical Minerals Discovery

Anson Resources Ltd (ASX: ASN) has pegged a strategic tenement that abuts its Ajana Project in the Mid-West region of Western Australia.

The new tenement increases the size of the Ajana Project by 175%.

The tenement was pegged after recent drilling discovered critical minerals gallium, indium, germanium and barium, associated with the base metal mineralisation.

Read: Anson Resources Discovers High-Grade Gallium And Barium At Ajana Project

Extensive mineralised zone

Importantly, the discovery of these critical minerals will add significant economic value to the future zinc-lead-silver JORC resources interpreted.

In addition, DMIRS data from historical regolith geochemical mapping indicates gallium and barium assays over the entire Ajana Project area.

This again indicates that the area where critical minerals can be found may be extensive or contained in multiple pods, like that identified at the Mary Springs prospect.

Follow-up drilling programs

The interpreted anomalies from historical soil sampling and geological mapping are being used as a basis for follow-up drilling.

With the discovery of the Mary Springs drilling data which showed the gallium mineralisation was continuous within and outside of the high-grade mineralised zones, additional sampling downhole is being carried out.

Demand for gallium

Gallium is a soft metallic element used in semi-conductors, light emitting diodes (LEDs), mobile phones and nuclear engineering.

On 1 August 2023, China, which produces 98% of the world’s gallium and 92% of germanium, cancelled all exports thus weaponising supply and highlighting the need to secure safe and reliable sources 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 gallium suppliers outside of China, such as Australia.

 

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