Anson Resources Limited provided the following update to the development strategy of the Paradox Lithium Project ("the Paradox Project") in Utah, in the USA. Substantial developments in the lithium market, combined with the unique attributes of the Paradox Project, have allowed Anson to pursue a major expansion of the planned Stage 1 Lithium Carbonate production capacity to 10,000 tonnes per annum. This represents an increase in planned production capacity of 275% on the 2,674 tonnes per annum target previously reported in the Paradox Project's Updated Preliminary Economic Assessment.

This strategic expansion will be incorporated into the Paradox Project's Detailed Feasibility Study ("DFS"), which is being undertaken by global engineering firm, Worley. Anson also advises that Bromine production capacity at the Paradox Lithium Project is to be progressively added, and will be aligned with market /customer requirements. The United States and global markets are experiencing a substantial increase in demand for zinc-bromine batteries, to support electricity networks and renewable energy storage, and other bromine derivative products.

This includes calcium-bromide (CaBr) and sodium-bromide (NaBr), which are used in multiple industrial applications.