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Anson Resources June 2021 Quarterly Activities Report Paradox Brine Project , Utah , USA • Significantly increases exploration target of brine tonnes by up to 257 % • Application to Drill Two Production Wells lodged subsequent to period end • NaBr PFS by Worley due for completion Q3 2021 Bull Nickel - Copper - PGE Project , Western Australia • The 100 % owned Bull Project tenement ( E70 / 5420 ) now granted • Drone magnetic survey highlights 3 major Ni - Cu - PGE prospects , including The Bull Target 1 bullseye anomaly • EM Survey underway to define conductor plates , which will be considered as priority targets for future drilling • Geological mapping and Geochem samples at The Bull Target 1 confirms geophysical interpretation of Intrusive Complex Corporate : • • • Commencement of trading on OTCQB market under ticker code ANSNF Conversion of listed and unlisted options raised approximately $ 14k Anson remains well funded to meet important near - term work programs Paradox Brine Project , Utah Key focus areas during the quarter were advancing a Pre - feasibility Study ( PFS ) and performance testing of lithium hydroxide and lithium carbonate in lithium - ion battery test cells . Anson intends to use these results to further discussions with prospective off - take partners . Following a strategic review and recognition of changing market conditions for lithium , Anson has decided to accelerate the production of lithium chemicals to Stage 1 of the Project . An updated PEA to include the production of lithium chemicals was released to the ASX on 25 March 2021 . Pre - feasibility Study : Following completion of the PEA ( see ASX Announcement of 5 June 2020 ) , updated PEA ( see ASX Announcement of 25 March 2021 ) , progression of access to infrastructure ( see ASX Announcements of 9 and 29 June 2020 ) , advanced permitting ( see ASX Announcements of 29 June and 10 September 2020 ) , Anson continued to progress the Pre - feasibility Study ( PFS ) for the Stage 1 production of sodium bromide ( NaBr ) with global service provider , Worley , to provide engineering and design support for the PFS . Recent work has focused on engineering designs , capital and operational costings . Worley will complete the cost estimates for PFS for the Stage 1 development of the Project , a 15,000tpa sodium bromide ( NaBr ) plant ( see ASX Announcement 5 June 2020 ) . The PFS will expand upon Anson's updated PEA which includes Lithium Carbonate and will provide further definition of CAPEX / OPEX expectations of this project . Deliverables from the study include the piping and instrumentation diagrams , plant layout and civil work estimates as well as those for utility connections and infrastructure . Anson Resources Limited Level 1 , 35 Outram Street , West Perth , WA 6005 , Australia Tel : +61 478 491 355 ABN : 46 136 636 005 www.anson resources.com