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Anson Resources September 2021 Quarterly Activities Report Paradox Lithium - Bromine Project , Utah , USA ● • Updated Stage 1 PEA delivers lower lithium carbonate and sodium bromide operating cost estimates whilst incorporating Environmental , Social & Governance considerations in overall plant design and operational planning • • • • Staked an additional 228 placer claims which are highly prospective for lithium rich brines . The addition claims increased project footprint by 18.4km² or 20 % to 114km² Approval to drill two lithium - bromine production wells located on the Little Utah State claims Positive results from test work carried out by NOVONIX for the production of NMC622- based lithium - ion battery test cells using samples extracted from the supersaturated brines from its Paradox Brine Project Alternative Direct Lithium Extraction technology without chemical wash increases recovery from 80 % to 91.5 % and indicates operational and economic advantages ( no pre - treatment and longer resin life ) in producing lithium carbonate using Paradox brine Subsequent to period end , BurnVoir appointed as financial adviser to to secure an attractive , flexible funding package for the development of the Paradox Lithium - Bromine Project designed to maximise value for shareholders Bull Nickel - Copper - PGE Project , Western Australia • • Three priority drill targets have been determined based on the geophysical surveys , geological mapping and rock chip sampling programs Stage 1 drilling program of 18 holes will be drilled to a depth of 200m from west to east at a 60 ° angle to maximise potential intersection of the targeted anomalous ultramafic units Yellow Cat Project , Grand County , Utah USA • • Exceptional high - grade Uranium and Vanadium assays of up to 10.33 % U³O³ & 25.61 % V205 recorded Further research to identify and locate historical information and databases covering certain portions of the Yellow Cat project will be used to fast - track the development Corporate . • • Completed placement of 80,849,693 ordinary shares for $ 7,357,332 before cost Stretegic investor excercised 10,000,000 options providing $ 600k of funding Issue of 97,702,126 Bonus Options exercisable at $ 0.091 expiring 29 October 2021 to Eligible Shareholders Paradox Lithium - Bromine Project , Utah Key focus areas during the quarter were advancing engineering studies 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 . Engineering Studies : 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 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