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Askari Metals advances African exploration with new field programs in Namibia and Ethiopia

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By Colin Hay - 
Askari Metals ASX AS2 Ethiopia Namibia operational activities update Africa
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Askari Metals (ASX: AS2) is ramping up activities across its African exploration portfolio with a number of field work programs in Namibia and Ethiopia.

In Namibia, Askari is focused on the Uis tin and tantalum project and hunting for gold at the recently acquired Adola greenstone belt projects.

At Uis, planned field programs include mapping and rock chip sampling, as well as a licence-wide soil geochemical sampling campaign.

Lithium potential

Soil sampling will also test for buried lithium-caesium-tantalum pegmatites across permit EPL 7626.

Askari will then expand this low-cost, high-impact exploration through systematic trenching of the high-priority targets.

At Adola, the company is compiling regional exploration data in the lead-up to an initial exploration program focused on identifying areas of anomalous gold mineralisation through soil sampling, mapping, rock sampling and trenching.

African-focused exploration

“We continue to progress the delivery of our African-focused exploration strategy,” executive director Gino D’Anna said.

“The company remains well positioned to take advantage of key commodity price conditions as we remain focused on exploring in Namibia and developing our Uis project, which is exposed to the strong fundamentals of tin and tantalum.”

“At the same time, the company has progressed initial exploration planning at the Adola greenstone belt gold projects in southern Ethiopia at a time when the US dollar gold price continues to test new highs.”

Building key networks

Mr D’Anna said Askari continues to build key networks and relationships in Ethiopia as the company evaluates a number of advanced gold and copper projects for acquisition.

“As a company, we want to demonstrate to our investors that Askari is leading the way for exploration in Africa and we are committed to streamlining our operations to create a dynamic and high-impact exploration company.”

The company announced in late April that it had executed a binding share purchase agreement to acquire 100% of the issued capital of Rift Valley Metals, the owner of a prospective gold project portfolio within the Adola greenstone belt in southern Ethiopia.

The portfolio of projects covers 460 square kilometres of the underexplored southern segment of the Arabian-Nubian Shield and includes the Sakaro, Sakaro West, Lega Dembi South, Megado and Wayu Boda projects.