"Anson Resources Ltd Unveils Breakthrough 3D Petrel Model Confirming Extended 700-ft Brine Reservoir, 42 Aquifers, and Enhanced JORC Resources at Utah Lithium Project"
Thursday, June 19, 2025
at
9:39 am
Anson Resources Limited completed advanced static and dynamic Petrel modelling for its Green River Lithium Project. The model confirms key reservoir connectivity and identifies promising drilling targets, guiding refined resource estimates and cost-effective lithium extraction strategies for long-term value creation.
Anson Resources Limited has advanced its exploration efforts at its Green River Lithium Project in southeastern Utah by completing both a static and dynamic Petrel model. The newly developed 3D subsurface model integrates the company’s pre-existing 3D geological model and numerical groundwater flow data, providing clear images of the Mississippian Unit. The model shows this key formation measuring between 500 and over 700 feet thick, with evidence that the thickness increases to more than 700 feet to the west of the Boysdaba #1 well. It also confirms that the Mt Fuel Skyline-Geyser well shares a common aquifer system with Boysdaba #1, establishing the presence of a large, interconnected brine reservoir that extends throughout the project area.
The technical indicators outlined in the announcement are promising. The model has identified at least 42 aquifers within the Mississippian Unit and has highlighted the potential for concentrating lithium grades at structural “traps” formed by the Grand Wash Fault and the Ten Mile Garben. Additionally, the model’s ability to simulate production and fluid flow aims to optimize the design and placement of future extraction and disposal wells, with the forthcoming re-entry drilling at the Mt Fuel well expected to confirm the lower extension of the resource and potentially boost the overall JORC Resource Estimate. The comprehensive data set, including additional well logs and petrophysical properties, will support future engineering studies aimed at defining extraction costs.
From a market perspective, there is a mix of bullish and bearish sentiment surrounding this development. On the bullish side, the confirmation of an extensive and interconnected brine reservoir, coupled with the promising thickness of the lithium-bearing unit, positions the project as a strong contender in the evolving lithium market. The robust technical data and planned re-entry drilling program add credibility to Anson Resources Limited’s potential for expanding its resource base, which may generate investor interest as the company advances toward production. Conversely, the bearish outlook highlights the inherent risks associated with early-stage exploration projects. The reliance on simulation models and historical well data means that execution risk remains, and uncertainties about extraction efficiency and economic recoverability could temper near-term performance. As such, while the technical milestones are encouraging, prudent investors will continue to monitor further drilling results and engineering studies before committing significant capital.
Overall, the new Petrel model reinforces the geological understanding of the Green River Lithium Project and lays the groundwork for upcoming testing and resource evaluation, all of which will influence future operational and investment strategies in the evolving lithium sector.