News Articles for Askari Metals

Askari Metals has entered into a binding agreement to acquire 100% of Rift Valley Metals which owns a gold portfolio of five tenements enclosing 460 square kilometres of highly prospective ground in Ethiopia. The company's landholdings are within the Adola Greenstone Belt in the under-explored southern segment of the Arabian-Nubian Shield, about 350km south of Ethiopia's capital of Addis Ababa.

Askari Metals' recent trawl through a historical exploration database at its Uis project in Namibia has identified significant tin, tantalite and rubidium mineralisation within its licence area. The review reveals “exceptionally high” tin, tantalum and rubidium responses from a 492-sample rock chip database, with assays including 3.17% tin oxide, 5226ppm tantalum pentoxide and 0.87% rubidium oxide.

Askari Metals has pumped up its gold resource by 28pc to 82,700 ounces grading 1.2g/t at its Burracoppin project in the WA Wheatbelt, winning over market punters who pushed up the price earlier today by more than 100pc. Due to a booming gold price, the company says it has fielded significant enquiries for the project, which sits 20km east of Merredin.

Southern African-focused Askari Metals has terminated the contract of its managing director Gino D’Anna, although he will remain a non-executive director of the company.

Askari Metals has revisited exploration data from its Horry copper-gold play in Western Australia's Kimberley region to whip up new drill targets after fielding significant interest in the company's local assets due to strong commodity pricing for both metals. Based on previous programs at the site, management now believes it has the potential to reveal high-grade mineralisation via a significant exploration push.

Askari Metals has further bolstered its uranium foothold in the world-class exploration jurisdiction of Tanzania by acquiring the prospective Eyasi project in the nation's north. The 292-square-kilometre project – which the company pounced on following detailed in-house geotechnical reviews in collaboration with its Tanzanian partners – strengthens its position in the white-hot Tanzanian uranium sector, complementing its recently-staked Matemanga project in the south.

Askari Metals' share price surged 63 per cent today on big volume after a strategic review of its 100 per cent-owned Mt Maguire gold project in Western Australia's Ashburton region threw up historic high-grade hits. The findings included 2m at 12.14g/t from 35m and 31m at 0.84g/t from 20m as the company moves to tap into the potential for a gold discovery at the site.

Askari Metals has outlined a significant JORC-compliant gold exploration target at its Burracoppin gold project in Western Australia, with average grade variance between 0.67 to 0.91 grams per tonne within 8.2 to 11.1 million tonnes. It is in addition to the existing Burracoppin mineral resource estimate of 1.32 million tonnes grading 1.52g/t gold for 64,600 ounces of contained gold.

A comprehensive analysis study by Askari Metals has identified seven new lithium pegmatite targets at the company's Uis project in Namibia, with a detailed mapping and rock sampling campaign already underway. Management says its recently-discovered K10 pegmatite has an interpreted strike length of 3.1km, the GP target has an estimated length of 2.4km and its Tawny prospect extends for 2.2km.

Askari Metals has revealed some tantalising high-grade copper-silver mineralisation in rock chip sampling at its Callawa project in WA's Pilbara region, jagging a top hit of 6.78 per cent copper with 2.34g/t silver. The headline result is supported by a second sample that produced 4.35 per cent copper with 8.25g/t silver and a third offering of 2.02 per cent copper with 6.42g/t silver.

Askari Metals' mapping and sampling at the Kestrel target within its Uis project in Namibia has unveiled visible high-grade spodumene – a lithium mineral – with rock chips assaying up to 3.06 per cent lithium oxide. Ten of the 32 samples taken produced lithium grades exceeding 1 per cent lithium oxide, with the top five assaying 3.06, 2.97, 2.91, 2.88 and 2.28 per cent, respectively.

Askari Metals' latest auger drilling campaign has revealed encouraging total rare earth oxides hits as high as 4505ppm at its 100 per cent-owned Red Peak project in Western Australia's Gascoyne region. It comes just a week after its neighbour Krakatoa Resources set the ASX alight with a 130 per cent share price jump after it discovered a new niobium-rare earths target.

Askari Metals has tabled a maiden resource of 1.32 million tonnes running at 1.52 grams per tonne gold at its flagship Burracoppin project in Western Australia's Wheatbelt region, some 20km to the east of Merredin. The defined resource includes mineralised zones across multiple deposits and Askari notes that there is potential for significant resource expansion between the lodes, with additional possible down-dip extension.

Askari Metals is preparing for a flood of results from a major trenching campaign after submitting 2000 samples for analysis at its Namibian Uis lithium project. The company says it has now completed mapping and sampling of priority pegmatites on its north-easternmost exploration permit at Uis where it targeted four key pegmatites with 135 trenches for a total of 7269m of trenching. It is now working to generate additional targets.

Askari Metals has capped off its hunt for new exploration ground by staking a claim for the 260-square-kilometre Matemanga uranium project in Tanzania as the heavy metal's price surges on clean energy demand. The company's decision to pounce on the ground comes after its extensive geotechnical reviews that identified the area as a hot uranium target with significant potential.

Our board moves wrap includes Joseph Clarry, Chris Evans, Sarah Standish, Craig Nelmes, Peter Oliver, and Iain Smith.

Askari Metals says a detailed trench sampling campaign at its Uis project in Namibia has revealed a more significant lithium-rich pegmatite system than interpreted during initial mapping, with an average thickness of about 10m. The main pegmatite body has been mapped along a strike of about 2km and includes a south-west zone with an average thickness of 21m along 350m of strike.

Askari Metals has secured two additional exploration concessions at its Yarrie lithium project in the prolific Pilbara region of Western Australia – and in proximity to Pilbara Minerals' globally-renowned Pilgangoora lithium resource. The company says the acquisitions represent a significant milestone and it now plans to launch further exploration works at what it describes as a “highly-anticipated” project.

Askari Metals says its first exploration licence has been granted at the company's Yarrie lithium project, just 100km east/north-east of Pilbara Minerals' giant 214.2 million tonne Pilgangoora lithium resource. The entire project area comprises nine contiguous exploration licences which enclose a total of 1711 sq kms across ground adjacent to and along strike from other significant hard rock pegmatite-hosted lithium deposits.

Senior geologists from giant Chinese battery raw materials supplier Huayou Cobalt have made a snap visit to Namibia to assess Askari Metals' trenching and channel sampling progress at its Uis lithium project. Huayou, a major supporter and key strategic and technical partner of Askari, is listed on the Shanghai Stock Exchange with a market capitalisation of about US$12.8 billion (AU$19 billion).

Analytical results from Askari Metals' Uis lithium project in Namibia have turned up lithium oxide grades going as high as 2.91 per cent in its southern licence and 1.92 per cent in its northern licence. Tantalum oxide grades of up to 339ppm and 757ppm were returned from the north and south licences, respectively, accompanied by a best tin oxide hit of 0.52 per cent.

Rock chips from Askari Metals' 100 per cent-owned Barrow Creek rare earths and lithium project in Australia's Northern Territory have come back as high as 11,610 parts per million total rare earth oxides (TREO). Other rock chips assayed at 2507ppm and 2446ppm TREO, correlating with historic rock chips that went as high as 4553ppm, 2143ppm, 1243ppm, 1235ppm and 1091ppm TREO.

Askari Metals has jagged a high of 24.5g/t gold in one rock-chip sample from its Myrnas Hill project in Western Australia's East Pilbara region, while soil samples yielded up to 2g/t, 1.37g/t and other lower gold and nickel spikes. The company says the campaign also recorded elevated nickel responses of up to 1280 parts per million.

Askari Metals is building a contiguous, district-scale lithium tenure spanning 1711 square kilometres in Western Australia's East Pilbara region, 100km east/north-east of Pilbara Minerals' massive 4.75 million tonne Pilgangoora lithium-oxide resource. The infrastructure-rich area is highly prospective for LCT-bearing pegmatites and the company has three exploration licence approvals imminent. Management is now poised to activate a follow-up lithium exploration campaign.

Askari Metals' is poised for follow-up work at its Springdale project in New South Wales after a second reconnaissance rock-sampling program turned up gold grades up to 56.7 grams per tonne, with the top 20 samples averaging 12.34g/t. The company says the program turned up granite-hosted and structurally-controlled gold mineralisation related to local intrusives, faulting and shearing.

Askari Metals has launched a targeted trenching campaign at its flagship Uis lithium project in Namibia, where it will test four high-priority pegmatites within its recently-identified “corridor of interest”. The company will initially focus on its OP target, which has an estimated surface strike of more than 2km, before moving onto the PS, DP and K9 prospects for a total of 111 trenches through 3750m.

Askari Metals is preparing its backhoe for trenching across four LCT pegmatites in a bid to reveal more battery minerals potential at its flagship Uis lithium project within Namibia's Uis-Cape Cross pegmatite belt. The company will dig 111 trenches to try and deepen its knowledge of the surface expression and mineralisation of the highly-fractionated pegmatites within the anomalous corridor that hosts Andrada Mining's tin mine.

Askari Metals has captured a battery metals-prospective permit via a corporate takeover to add to its growing flagship Uis lithium project that sits within Namibia's Uis-Cape Cross pegmatite belt. The permit, which Askari gained through its full acquisition of Green Lithium, is along strike and juxtaposed next to Andrada Mining's operating tin mine and Spodumene Hill discovery.

Askari Metals' soil sampling at its Callawa project near Marble Bar in Western Australia's Pilbara region has yielded significant nickel-copper-cobalt mineralisation, with a top value of 1808ppm nickel. It also threw up a a strong nickel-chromium correlation to a high of 2349ppm chromium, a high magnesium- chromium content and a typical nickel-copper ratio – all indicating a strong potential for peridotite-dunite-associated nickel mineralisation.

Askari Metals is charging ahead with exploration at its Uis Lithium Project in the Erongo Region of central-west Namibia with multiple pegmatites in sight begging to be drill tested. The lack of vegetation on its ground has allowed Askari to image all outcropping pegmatites with high-resolution aerial data as it eagerly awaits the return of phase one drilling assays in the next two weeks.

Askari Metals has highlighted three significant mineralised corridors of anomalous lithium across a strike length of 4.6km following a successful sampling program at its Hillside project in Western Australia's Pilbara region. The company says a total of 216 rock samples were collected during two separate phases of work, with peak results of 350 parts per million lithium and 170ppm lithium.

Askari Metals has completed a follow-up probe to test the copper-nickel potential indicated by rock sampling results at its promising Callawa project in Western Australia, about 90km north-east of Marble Bar. After running an 18-square-kilometre drone magnetics survey last year, it has now finished an 864-sample auger program to test rock-sample geochemistry that included anomalous copper, silver, nickel and chromium.

Askari Metals has put the full stop on an extensive field work program after collecting 800 soil samples at its Red Peak project in Western Australia's Gascoyne region in its mission to test anomalous areas of lithium and rare earths. Management says the results of the program will help shape further exploration plans, including a maiden drill campaign.

A reassessment of exploration data by Askari Metals has revealed a “corridor of interest” about 15km long and 5km wide and with visible lithium mineralisation at the company's Uis project in Namibia. Management says planning is now underway to focus its exploration activity on the intriguing new area, as the explorer also evaluates recent acquisitions near its project.

Askari Metals has increased the size of its Uis project in Namibia by 68.2 square kilometres by securing full ownership of a new tenement in an area known for lithium, tantalum, tin and rubidium mineralisation. Management says its strategic purchase takes the company's total landholding in the area to about 380sq km … and it is still on the lookout for more acquisitions.

Askari Metals has expanded its lithium foothold in Western Australia's Pilbara region by finalising its purchase of Greenstone Lithium's 60-square-kilometre Hillside lithium project after fully acquiring the now former owner. Management says the acquisition takes the company's total landholding in the promising region to 2300sq km. The Hillside project covers two granted tenements considered prospective for lithium, tin and tantalum mineralisation.

Askari Metals has hit several 100m-wide pegmatites with multiple zones of lithium-bearing minerals in phase-two reverse-circulation (RC) drilling at its Uis lithium project in Namibia. While assay results are pending, the company isn't slowing its exploration efforts, with its next round of drilling – including the project's first diamond drill holes – slated to begin in just weeks.

Askari Metals is continuing to accelerate its lithium exploration efforts in Namibia with the appointment of seasoned African specialist, Cliff Fitzhenry to the new role of Chief Exploration and Project Manager (Africa). A veteran geologist, Mr Fitzhenry will lead in-country exploration with a diamond drill program due to commence shortly at the company's flagship Uis project which has revealed multiple lithium bearing pegmatites more than 100m wide.

Askari Metals has expanded the footprint of its Uis lithium project in Namibia after completing the acquisition of the remaining 10 per cent of tenement EPL 7345, which covers about 114 square kilometres. The company took its full ownership after picking up the remaining 10 per cent stake in the private company which had owned the ground.

Askari Metals has continued its “aggressive” lithium hunt in Namibia, with its drills revealing new lithium-bearing pegmatites with widths of up to 112 metres. The company is now using mapping to help identify further targets for examination across two unexplored tenements in a bid to collect benchmark data for its next phase of exploration.