Askari Metals Ltd
Askari Metals Limited is an exploration company.
The business
Askari Metals Limited is an exploration company. The Company is engaged in exploring and developing its Uis Lithium Project in Namibia, located along the Cape-Cross-Uis Pegmatite Belt of Central Western Namibia. The Uis Project is located over 2.5 kilometers (km) from the operating Uis Tin-Tantalum-Lithium Mine operated by Andrada Mining Ltd and is located at the deep water port of Walvis Bay being less than 230 km away from the Uis project. The Company also operates the advanced-stage brownfields Nejo Gold and Copper Project located in Central Western Ethiopia along the prolific Arabian-Nubian Shield, known to host a number of significant gold deposits and mines, as well as significant copper and VMS discoveries and deposits. The Nejo project hosts both high-grade gold and high-grade copper mineralization and has an extensive exploration history of drilling, trenching, sampling and geophysics. The Nejo project offers a district-scale opportunity covering an area of 1,174 km2.
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Latest news
Askari Metals Turns Focus to African Projects after Finalising Sale of Gold Subsidiary
Askari Metals (ASX: AS2) has completed the $700,000 sale of its Australian subsidiary First Western Gold (FWG) to Forrestania Resources (ASX: FRS). The deal, which the two companies announced in mid-September, aligns with Askari’s strategy of focusing on its large African exploration projects. The divestment of seven exploration licenses and an exploration license application – including the […]
Askari Metals Launches $1.5m Rights Issue to Progress Ethiopian Gold-Copper Project
Askari Metals (ASX: AS2) has announced a rights issue aimed at adding a further $1.5 million to support its exploration of the Nejo gold-copper project in Ethiopia. The new funding move comes on top of the company’s $700,000 sale of Australian subsidiary First Western Gold to Forrestania Resources (ASX: FRS) in mid-September. The growing bank balance will assist […]
Askari Metals Raises Funds for African Exploration with Sale of Australian Gold Assets to Forrestania
Askari Metals (ASX: AS2) has added $700,000 to its African exploration funds with the sale of Australian subsidiary First Western Gold to Forrestania Resources (ASX: FRS). The company will receive $250,000 in cash, along with tradable shares currently valued at $450,000, from Forrestania in exchange for seven exploration licenses and one exploration license application in […]
Askari Metals Prepares to Move Forward with Nejo Gold-Copper Project in Ethiopia
Askari Metals (ASX: AS2) is preparing to submit an immediate start-work program for the Nejo gold and copper project in Ethiopia after making further progress with due diligence covering its acquisition. Askari announced in early July 2025 that it was acquiring Nejo from Xingxu Mining for an upfront acquisition cost of $200,000 in cash, $200,000 […]
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