Paradox Lithium Project Update

For personal use only PARADOX LITHIUM AND BROMINE RESOURCE ANSON RESOURCES Brine Grade (ppm) Contained ('000 t) Formation Clastic Zone Category (Mt) Li Br Li2CO3 Br2 Indicated 47 173 3,054 44 144 Paradox Formation - CZ31 31 Inferred 77 182 2,543 74 195 CZ31 Resource 124 178 2,723 118 339 Paradox Formation Other Clastics 17, 19, 29, 33, Indicated 179 83 3,378 79 604 43, 45, 47, 49 Inferred 453 98 3,102 236 1,406 Paradox Other Clastics Resource Mississippian Formation 632 94 3,181 315 2,010 Indicated 304 138 3,596 224 1,092 Inferred 508 141 3,606 381 1,834 Mississippian Resource 812 141 3,602 605 2,926 Total Resource 1,568 1,038 5,275 Exploration Target (excluding green Density river) Brine (Mt) Li Grade Li Br Li2CO3 Br (ppm) ('000 t) (ppm) ('000 t) ('000 t) MIN MAX 1.27 1.27 2,095 2,561 108 227 2,000 1,116 4,191 200 512 3,000 2,723 7,684 Refer to ASX announcements of 2 November 2022 for Mineral Resource Estimate and 5 October 2022 for Exploration Target. The Exploration Target is conceptual in nature as there has been insufficient exploration undertaken on the Project to define a mineral resource for the Leadville Formation. It is uncertain that future exploration will result in a mineral resource. Anson Resources | ASX: ASN 14

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