Askari Metals


Primary ticker: ASX:AS2, FSE:7ZG
Stage of development: Exploration
Primary minerals: Lithium, Copper, Gold
Project to promote: Uis Lithium-Tantalum Project, Yarrie Lithium Project, Barrow Creek Lithium Project and Burracoppin Gold Project
Project location: Australia, Namibia

Askari Metals is actively exploring and developing a portfolio of battery metals (Li + Cu) and gold projects with a focus on Namibia and Australia.

Cash: AUD$5.6M
Debt: NIL

Major shareholders:
10 Bolivianos – 12.67%
Gino D’Anna – 10.02%
Management Ownership – 12.1%

Management Profile

Gino D’Anna – Executive Director
Gino D’Anna, Executive Director and Founder of Askari Metals. More than 15 years of corporate and natural resources experience. Significant understanding of resource project development from exploration to feasibility studies.

Johan Lambrechts – VP Exploration and Geology
VP Exploration and Geology for Askari Metals. More than 20 years of experience and possesses significant expertise across resource discovery, mineral exploration, mine development, technical and financial studies, mine construction and production.

What is your rationale for taking part in 121 Mining Investment?

We are seeking to grow our investor network and attract new buyers of our shares.

What recent news would you like to highlight to investors attending?

3 March 2022 – Phase II exploration completed at Barrow Creek Lithium Project
1 March 2022 – Reconnaissance program completed at Yarrie Lithium Project
17 February 2022 – Major Li targets identified at Yarrie Lithium Project
10 February 2022 – LCT Pegmatites confirmed at Barrow Creek Lithium Project
12 January 2022 – High grade copper identified at Horry Copper Project
14 October 2021 – Phase I drilling assay results at Burracoppin Gold Project

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Phase II drilling at EPL7345 Uis Lithium-Tantalum Project
Phase I drilling at EPL8535 Uis Lithium-Tantalum Project

6 Months:
Resource delineation at Burracoppin Gold Project
Field mapping and sampling programs on all Namibian projects.
Soils auger program at Myrnas Hill (Li – Au)to be continued.
Soils auger program at Red Peak – (REE)
Soils auger program at Callawa – Cu-Ni
Granting of the Yarrie tenure

12 Months:
Continued drilling (four phases – 12,000 – 20,000m) and field work on the Namibian assets.
Commencement of activities at Yarrie post grant.
Continue exploration activities on the Australian Li assets (Myrnas Hill, Hillside, Barrow Creek) based on exploration results and planned future activities.
Divestment of gold and copper assets to create Li focussed company (Askari “Lithium”)

What do you think makes your company such a compelling investment?

We are aggressive explorers with premium lithium-tin-tantalum projects ~2km from an active tin-tantalum-lithium mine (AfriTin – Uis Mine -71.54Mt @ 0.63% Li2O, 0.134% Sn and 85ppm Ta) in a stable African jurisdiction (Namibia – 2nd best geopolitical jurisdiction in Africa). Our Namibian projects boast visible lithium-tin-tantalum mineralisation and rock sample results with economic grades (3.1% Li2O, 1.3% Sn and 658ppm Ta) derived from multiple pegmatites outcropping across the tenure, which is less than 230km from a deep-water port. We are aggressively exploring these battery metal assets with 10,000 -20,000m of drilling planned for 2023 across all the Namibian tenure (NOTE: 3,000m RC drilling already completed in November 2022). Our portfolio is further supported by Australian tenure including the massive Yarrie project portfolio and the Myrnas Hill and Hillside projects.

What are the top 3 key investor takeaways?

Safe operating jurisdiction
Exposure to high-grade Copper and Lithium
Exposure to high-grade shallow gold mineralisation