News Articles for Askari Metals

Askari Metals has installed Canaccord Genuity (Australia) as its strategic capital markets advisor. Management says the investment bank has a proven track record and extensive experience in the global lithium sector. Canaccord will be tasked with the implementation and deployment of a comprehensive capital markets strategy and as part of the deal will be issued with 2.5 million unlisted options.

Askari Metals has sealed a $2.5 million strategic equity investment by global battery materials supplier Huayou International Resources, with the funds to be used to turbocharge lithium exploration at its Uis project in Namibia. Management says it has issued Huayou 4.5 million fully-paid ordinary shares at an issue price of 55 cents, in addition to 1.5 million free attaching options.

Askari Metals will accelerate lithium exploration at its Uis project in Namibia after meeting the conditions for $2.5 million in strategic equity investment by global battery materials supplier Huayou International Resources. Huayou will subscribe for 4.5 million fully-paid ordinary shares in Askari at an issue price of 55 cents per share. Askari has a current share price of about 40c, offering a healthy premium.

Askari Metals has stepped up its aggressive exploration strategy across two tenements at its Uis lithium project in Namibia where it is targeting previously identified pegmatites. The dual RC campaign forms part of a recently expanded phase 1 program at tenement EPL 8535 from 3000m up to 4000m where it has pinpointed at least four different target zones.

Askari Metals is pulling out all stops as it hunts lithium at its Uis project in Namibia that adjoins Andrada's 71.5 million tonne lithium-tin mine. The company has wrapped up the acquisition of a 90 per cent interest in the 114 square km exploration licence with a binding agreement to purchase the rest. RC drilling has kicked off after project wide mapping and sampling identified new pegmatite drilling targets.

Diversified explorer Askari Metals has backed its bold claim to be leading the charge for lithium out of Namibia by grabbing the final 10 per cent of an exclusive prospective lease at its Uis project. The news comes just days after the company revealed it had acquired an 80 per cent interest in an adjoining tenement for about $1.8 million.

Multinational explorer Askari Metals has expanded its exploration hopes in Namibia after acquiring a key patch of dirt abutting its Uis lithium project, bringing its strategic footprint to more than 308 square kilometres in the distinguished mineral postcode. The company is midway through a 3000m RC drilling program targeting outcropping pegmatites at depth where the rods have already pulled up many thick pegmatite hits.

Askari Metals is eagerly-awaiting results from a reconnaissance mission targeting rare earths at Barrow Creek after rock chip samples highlighted results of up to 4553 parts per million total rare earth oxides. The project is within 40km of Arafura's Nolans Bore deposit that hosts a JORC-compliant mineral resource of 56 million tonnes at 2.6 per cent TREO. Askari believes it may host similar geology.

Askari Metals' bold vision of identifying a major exploration discovery at its Uis lithium project in Namibia has received a timely boost through the signing of a conditional investment agreement with global giant, Zhejiang Huayou Cobalt. The deal, and an accompanying institutional investment raise, would boost the company's coffers by more than $5.7 million as it aims to beef up exploration.

Askari Metals has kicked off phase 2 drilling at a key tenement that forms part of its Uis lithium project in Namibia after an ongoing mapping and sampling program highlighted untested pegmatites at the site. The campaign began late last month and aims to investigate a number of recently discovered pegmatites reported to have visible lithium mineralisation at surface. Askari says the latest RC drill program will cover a minimum of 4000m with four holes already completed and assay results from phase 1 drilling expected in coming weeks.

Askari Metals has kicked off a fresh RC drilling program at its Uis lithium project in Namibia. More than 40 drill holes as part of 3,000m campaign aim to confirm high grade rock chip samples and new targets. The company says the project sits within a highly mineralised, spodumene rich pegmatite belt with a history production. Six drill holes have already been completed.

Askari Metals has confirmed high-grade lithium and tin mineralisation in rock samples from one of two promising tenements the company acquired recently in Namibia. Headline results from the samples, analysed as part of due diligence for the acquisition, include 3.3 per cent lithium oxide, 3.2 per cent tin, 4280 parts per million tantalum and 7980ppm rubidium.

Askari Metals has commenced a project wide mapping and sampling program across part of its Uis lithium project in Namibia after its first phase of drilling hit visible lithium in addition to tantalum and tin. The company says most of the project remains unexplored, something the current program will be looking to rectify before the company launches its second phase of drilling.

Battery metal explorer Askari Metals has uncovered a mixed bag of anomalous rare earths whilst hunting for lithium at its Barrow Creek project in NT's coveted Arunta Block, home to WA1 Resources major rare earths and niobium discovery. Recent rock chip sampling over a prospective lithium-caesium-tantalum pegmatite swarm returned the eye-catching results peaking at 4553 ppm total rare earth oxide.

Askari Metals has recorded significant copper and gold results from a maiden drill program at its Horry project in the Kimberley region of WA and identified numerous follow up targets for a second phase of exploration. The company completed 29 RC drill holes for 2096m that confirmed multiple mineralised deposits at its Horry Horse gold target and Mt Dockrell copper prospect.

Askari Metals has encountered visible lithium mineralisation from the first phase of drilling at its Uis lithium project in Namibia in addition to intersecting tantalum and tin in the site's pegmatites. The company has just wrapped up its first drill campaign at the African operation where it completed 59 RC holes for 3017m as part of an overall 10,000m program set to recommence in February next year.

Askari Metals has signed a binding heads of agreement with Earth Dimensions Consulting to acquire an 80 per cent interest in a lithium prospective tenement near the town of Uis in Namibia, southwest Africa. The tenure is peppered with visible spodumene mineralisation on its surface with previous rock chip assays delivering high-grade results of up to 3.2 per cent lithium oxide, 663 ppm tantalum and 1640 ppm rubidium.

Australia currently leads the globe in terms of lithium production and according to Geoscience Australia about 95 per cent of Australia's lithium resources are found within just five deposits and all are in WA. The renowned Greenbushes mine, 200km south of Perth, is the undisputed king when it comes to contained amounts of lithium and grade. The next two deposits on the leaderboard, Pilgangoora and Wodgina, both belong to the Pilbara, an area that is again a hotbed of exploration and discovery.

Askari Metals has kicked off a phase 1 3500m RC drilling campaign at the company's recently acquired Uis lithium, tantalum and tin project in Namibia, Africa. The initial phase is part of an overall 10,000m campaign designed to test high-grade lithium rock chip results of up to 3.1 per cent lithium oxide. The main target area will be less than 2.5km along strike from an operating battery metals mine.

Tambourah Metals has identified further potential LCT-type pegmatites after analysing hyperspectral data from the company's Russian Jack lithium project in WA's Pilbara region. The analysis has lit up a number of features in similar orientations to known pegmatites at the project. In addition, Tambourah's newly identified features lie within the Bonney Downs Monzogranite that is part of the Split Rocks Supersuite which is known for hosting pegmatites.

Internationally recognised lithium expert Joe Lowry expects the price of battery quality lithium carbonate to continue its upward trajectory into 2027 before hitting highs of US$97,000 per tonne as the supply and demand curve starts to invert. Speaking at this year's Lithium Update by the Experts at Perth's Hyatt Hotel, Lowry dubbed lithium the “irreplaceable element” in the new energy transition and says the balance of power in the industry has switched from China to Australia and South America.

After an initial phase of reconnaissance, Askari Metals has uncovered high-grade spodumene-hosted lithium within extensive pegmatites at the company's recently acquired Uis lithium, tantalum and tin project in Namibia, Africa. Results up to 2.1 per cent lithium oxide were returned from 196 rock chip samples collected as part of the company's due diligence evaluation of the advanced project.

Askari Metals has expanded its lithium foothold in WA's Pilbara region by entering a binding agreement to acquire all of the shares in private company, Greenstone Lithium, in exchange for an upfront consideration of $250,000 in cash and shares. The 65-square-kilometre project is considered prospective for lithium, tin and tantalum mineralisation and is comprised of one granted tenement and one tenement application.

Askari Metals has kicked off a soil auger drilling and rock sampling program at the company's freshly acquired Myrnas Hill lithium project in WA's Pilbara region to define priority target areas for follow-up exploration. The campaign will collect more than 600 samples in areas of interest marked by a hyperspectral survey and Askari's own geological target generation.

Askari Metals has inked a binding heads of agreement with private company LexRox Exploration Services to acquire a 90 per cent interest in its advanced lithium, tantalum and tin project in Namibia, Africa. The advanced project bears visible spodumene mineralisation on its surface with recent rock chip assays delivering high-grade results up to 3.1 per cent lithium oxide, 3.2 per cent tin, 452ppm tantalum and 3387ppm rubidium.

Battery metals explorer Askari Metals is looking to beef up the development of its Australian lithium assets after signing a strategic agreement with Shanghai-listed lithium-heavyweight Zhejiang Kanglongda Special Protection Technology. The new partner has a market cap of nearly US$1 billion and also holds a controlling interest of 51 per cent in Jiangxi Tiancheng Lithium Industry that specialises in extracting lithium sulphate solution.

Final assay results from phase 3 drilling at Askari Metals' Burracoppin project show continuity of high-grade mineralisation at its Easter Gift prospect with a 1m hit coming in at an impressive 45.5 grams per tonne gold. The 45.5 gram hit was contained within a wider 3m section grading 17.41 g/t gold from 73m that also included 1m at 2.18 g/t from 74m and 1m recording 4.54 g/t gold from 75m.

Askari Metals has unearthed a suite of minerals from reconnaissance field work at its Springdale project in NSW including rock samples showing grades of up to an ounce to the tonne gold. The company has also identified the potential for rare earths and base metals mineralisation in addition to significant levels of cobalt and manganese near historical workings at the site.

Askari Metals has unveiled further multi-element potential at the company's Callawa copper project in WA's Pilbara region after a recent magnetic survey lit up an area coinciding with samples reading highly anomalous for three additional elements. The high definition drone survey identified magnetic structures correlating well with the company's previously collected samples going 1610ppm nickel, 119ppm cobalt and 1820ppm chromium.

Askari Metals has received a second tranche of high-grade gold results from a third phase of RC drilling at the company's Burracoppin gold project in WA's Wheatbelt region. In June a total of 40 RC holes were drilled for 3639m and now the company has received assays from a further 19 holes with significant results including a 1m hit going 9.54 g/t gold from 31m within a broader 6m strike running 2.37 g/t from 31m.

Askari Metals has acquired another lithium project in WA's highly prospective Pilbara region from private outfit Mining Equities for a total of $125,000 in cash and shares, bolstering its already brimming battery metals portfolio. In a busy period of activity, the explorer is also reviewing its Red Peak lithium project for rare earth elements potential and has wrapped up its maiden drilling campaign at the company's Horry copper and gold project.

After a hyperspectral survey, Askari Metals has lit up multiple lithium targets at the company's newly acquired Myrnas Hill lithium project in WA's Pilbara region. The targets — including one high-priority structure with a strike length of 1.2km — will be the focus of an upcoming field expedition as the company looks to get its boots on the ground as soon as possible.

Using hyperspectral imagery, Askari Metals has identified numerous rare earth element targets at the company's Red Peak pegmatite project located on the border of WA's Gascoyne region. The news builds upon lithium-focused sampling completed by the company in January that revealed several areas highly anomalous in a suite of rare earths including lanthanum, cerium, praseodymium, neodymium and europium.

Askari Metals has received initial high-grade gold results from a third phase of RC drilling at the company's Burracoppin gold project in WA's Wheatbelt region. In June a total of 40 RC holes were drilled and now the assays are in from the first nine holes around the project's Christmas Gift prospect. Broad zones of gold mineralisation have been defined confirming a southern extension of gold at the prospect including a 10m hit at 1.38 g/t gold from 34m.

The dust clouds from a maiden drill campaign are billowing in Western Australia's Kimberley with Askari Metals kicking off a 2500m RC program at its Horry copper-gold project. The program is targeting the site's Horry Horse copper prospect that was identified as a high-priority target after rock chip samples returned results up to 8.5 per cent copper, 0.71 grams per tonne gold and 42 g/t silver.

Battery metal explorer Askari Metals has completed another round of field mapping and sampling at the company's Barrow Creek lithium project located in the NT's Arunta pegmatite province. The field program was designed to identify and sample outcropping pegmatites in the previously unexplored south-central portion of the project.

Ahead of an inaugural drill campaign Askari Metals has extended its copper mineralised footprint and defined extensive gold mineralisation after sifting through soils at the company's Horry copper and gold project in WA's Kimberley region. The recent soil sampling work picked up results of up to 655 parts per billion gold and up to 152 parts per million copper.

Our board moves wrap includes Brendan Cummins, David Greenwood, Michael Laurent, Samantha Richardson, Stephen Lynn, Kevin Dundo, and Robert Mosig.

Askari Metals has embarked on another round of field mapping and sampling at the company's Barrow Creek lithium project located in the NT's Arunta pegmatite province. The field program is designed to identify and sample outcropping pegmatites in the previously unexplored south-central portion of the project. Previous phases of exploration across the area identified fertile pegmatites with lithium oxide values of up to 817 ppm.

Askari Metals has acquired ASX-listed Raiden Resources' Myrnas Hill lithium project in WA's highly prospective Pilbara region for a total of $200,000 in cash and shares, adding another lithium site to its portfolio. The company says its newly acquired project covers about 50 square kilometres and exhibits a geological setting strongly analogous to the nearby world-class Pilgangoora and Wodgina lithium mines.