Askari Metals Limited
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Askari Expands Strategic Footprint at Uis Lithium Project
Askari Metals Limited (ASX: AS2), a battery metals focused explorer and developer, has announced the expansion of its strategic footprint at the Uis Lithium Project in Namibia, Africa.
The company has acquired two additional exploration licences (EPL 8535 and EPL 8536), covering a combined area of 194. 59 km2, bringing the total area of the Uis Lithium Project to 308. 12 km2. This region is renowned for hosting more than 120 mapped pegmatites, many of which have been historically mined for tin and semi-precious stones.
The acquisition of these new licences significantly enhances Askari's exposure to the highly prospective Uis pegmatite field, situated less than 5 km from Andrada Mining Ltd's (LSE: ATM) operating Uis Mine. The Uis Mine boasts a JORC (2012) Mineral Resource of 81 Mt @ 0.
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73% Li2O. The newly acquired licences not only provide access to additional infrastructure, including roads, power, and water but also offer potential synergies with the existing licences.
Recently, Askari Metals successfully completed its maiden RC exploration drilling campaign at the Uis Lithium Project. The campaign, which involved drilling across 11 priority targets, covered a total distance of 3,500 m.
The primary objectives of the drilling program were twofold: to assess the grade and continuity of lithium mineralization within the pegmatites and to identify new zones of mineralization. The company anticipates receiving the assay results in early 2023. These results will serve as a crucial basis for planning further exploration activities at the Uis Lithium Project.
Askari Metals' expansion at the Uis Lithium Project demonstrates its commitment to tapping into the immense potential of the lithium market. As the demand for battery metals continues to rise, the company's focus on strategic acquisitions and systematic exploration positions it favourably for future growth and development.
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