Anson targets ground near major WA nickel discovery

Bull is 12 kilometres south west along the strike of Chalice’s tenements in Western Australia and is underlain by magnetic structures similar to the Julimar deposit.

Anson’s exploration license application will cover 56 square kilometres of the area and will allow it to drill in the area which has not previously been explored for nickel-copper-PGE.

The Julimar mineralisation is open in all directions, meaning it could point to a regional scale discovery.

Should this occur, the Bull project is conveniently located just 35 kilometres from state capital Perth, giving it access to all major infrastructure requirements such as roads, rail and power.

Anson’s acquisition is being considered for $150,000 which will be settled by the issue of 12.5 million Anson shares.

The acquisition is still subject to the completion of due diligence, formal documentation and shareholder approval, which is expected to occur at the Anson annual general meeting in June.

Should Anson be successful in acquiring the Bull project, it will join the company’s existing portfolio which includes its primary focus, the Paradox brine project in Utah, United States and fellow West Australian projects the Ajana project and the Hooley Well nickel-cobalt laterite project.

While the Paradox brine project is Anson’s main focus, the company intends to begin exploration companies at the Bull project immediately should the exploration licence application be granted.