Yellow Cat Vanadium-Uranium Project

Yellow Cat Project is a highly prospective 708ha exploration package with historic high-grade uranium-vanadium production and exploration

Key points

  • Total area 708 hectares
  • Historic high-grade uranium-vanadium production and exploration includes
  • Historical drilling results of up to 0.3 feet @ 37,500ppm U3O8 & 3.34% V2O5
  • Historical production of 114mlbs @ 2,400ppm U3O8, 1.47% V2O5
  • Yellow Cat is located within trucking distance of White Mesa Mill – the only conventional fully licensed and operational uranium-vanadium mill in the US
  • Yellow Cat is only 40km from Anson’s flagship Paradox Brine Project – opportunity to leverage investment in Paradox to develop another world-class project in the area

Anson’s Yellow Cat Project is located in the Thompson District, Grand County, Utah and comprises 85 Lode claim Anson’s Yellow Cat Project is located in the Thompson District, Grand County, Utah and comprises 85 Lode claims, which were pegged by Anson in 2019. The lode claims provide a highly prospective exploration land package for both uranium and vanadium rich mineralisation which covers an area of 708 hectares (approx. 7 km2).

A review of historical drilling programs at Yellow Cat has identified high-grade uranium and vanadium mineralisation results including up to 0.3 feet @ 37,500ppm U3O8 & 3.34% V2O5

Yellow Cat is approximately 40kms from the Paradox Brine Project and provides Anson the opportunity to leverage its investment in the Paradox Brine Project to develop a second project in the area, and is consistent with the Company’s multi-mineral/multi-revenue strategy.

Importantly, Yellow Cat is located within close proximity to the White Mesa Mill, which is the only conventional fully licensed and operational uranium/vanadium mill in the United States. The mill is owned and operated by Energy Fuels Inc (TSE: EFR) (Energy Fuels) and is located within trucking distance southeast of the Yellow Cat Project.

Yellow Cat Project Background

Anson has targeted only claim areas with known historical mineralisation and workings thus avoiding high land holding costs. Uranium and vanadium mineralisation have been identified within five sandstone layers of the Morrison Formation. The formation consists of 2 Members (the lower Salt Wash Sandstone and the upper Brushy Basin Shale) and averages 170m in thickness.

Four major sandstone lenses are recognised in the Salt Wash Member and one ore lens in the Brushy Basin Member. In the Yellow Cat area, the uranium and vanadium deposits occur in all 4 sandstone lenses of the Salt Wash Member and considerable amounts of ore have been produced from the basal sandstone of the Brushy Basin Member. All the deposits discovered in the Brushy Basin Member are near surface and characterised by oxidised minerals.

The ore occurs as interstitial material in the sandstone and as coatings on sand grains and pebbles. Coatings of secondary uranium minerals occur along fractures within ore deposits. High concentrations of uranium and vanadium-bearing minerals are commonly associated with carbonaceous material of various types.

Below map outlines the kocation of the Yellow Cat project relative to Energy Fuels White Mesa Mill, and projects of other ASX listed companies