AS2: New Corridor of Interest Discovered at Uis Lithium Project

ASKARI METALS LIMITED

• Discovery of highly prospective 'corridor of interest' at Uis Lithium Project
• Undrilled LCT pegmatites with visible lithium mineralization observed
• Planning underway to focus exploration efforts on new area

2023-07-20 08:22:00

AS2: Askari Expands Strategic Footprint at Uis Lithium Project

ASKARI METALS LIMITED

• Askari Metals Limited has executed a Share Sale Agreement to acquire 100% interest in EPL 7626, located in Namibia's Uis pegmatite belt, from shareholders of Astral L Dynamix Mining Investment CC.
• The acquisition increases Askari's strategic footprint across the Uis pegmatite belt to approximately 380km2 in an area known for high-grade lithium, tantalum, tin, and rubidium mineralisation.
• Initial field work will include detailed mapping and sampling ahead of planned drilling phases, and Askari continues to technically assess and evaluate other complementary acquisitions surrounding the Uis Lithium Project.

2023-07-04 08:19:00

AS2: Extensive Exploration Update Provided on Australian Assets

ASKARI METALS LIMITED

• Recent exploration at Hillside Lithium Project identified potentially spodumene-bearing lithium hosted pegmatites
• Soil sampling and reconnaissance campaigns completed on all Australian-based lithium, gold and REE projects
• Field exploration and geophysical programs underway at Barrow Creek project targeting significant REE mineralization

2023-06-22 09:16:00

AS2: Askari Completes Acquisition of Hillside Lithium Project, WA

ASKARI METALS LIMITED

• Askari Metals completes 100% acquisition of the Hillside Lithium Project in Western Australia's Tambourah Lithium District.
• Hillside is adjacent to Eastern Resources' Trigg Hill and East Curlew Projects and close to Trek Metals' Tambourah North Project.
• Area is prospectivewish and there is significant exploration potential; recent field program results will be shared with shareholders.

2023-06-21 09:10:00

AS2: Askari Turns Attention to Next Phase of Exploration at Uis

ASKARI METALS LIMITED

• High-grade spodumene rich lithium rock chip results up to 3.1% Li2O, with drill testing done on high-grade Tin, Tantalum, and Rubidium areas.
• Phase I Diamond Drilling to commence soon, while Phase II RC drilling results expected in July/August 2023.
• Askari Metals completed the second phase of drilling, intersecting lithium-bearing minerals, and is planning further drill phases and exploration activities.

2023-06-05 08:28:00

AS2: Exploration Team Strengthened to Fast-Track Uis Lithium

ASKARI METALS LIMITED

• Cliff Fitzhenry appointed as Chief Exploration and Project Manager (Africa) for Askari Metals Limited.
• He brings extensive experience in critical minerals exploration in Africa and internationally.
• Fitzhenry will lead the exploration team to accelerate drilling and development at the Uis Lithium Project in Namibia.

2023-06-01 08:21:00

AS2: AS2 Completes Acquisition of Remaining 10% Interest at Uis

ASKARI METALS LIMITED

• Askari Metals has completed the acquisition of the remaining 10% interest in EPL 7345 at the Uis Lithium Project in Namibia.
• Diamond drilling will be prioritized on the ~112m lithium-bearing mineralized pegmatite intersected in the southeast of EPL 7345.
• The company is also evaluating other complementary acquisitions surrounding the Uis Lithium Project.

2023-05-25 08:18:00

AS2: Askari Intersects Broad Lithium Pegmatites in Uis Drilling

ASKARI METALS LIMITED

• Drilling intersects 100-metre plus lithium-bearing pegmatites across both tenements of the Uis Lithium Project, Namibia.
• Broad lithium-bearing pegmatites intersected in ongoing EPL 7345 Phase II RC drilling and Phase I RC drilling assay results reveal evolved granite, high fractionation, and several positive results with open-ended mineralization.
• Detailed mapping identified significant drill targets at both EPL 7345 and EPL 8535, with planning underway for Phase II RC drilling in EPL 8535.

2023-05-17 09:25:00

AS2: Askari Appoints Leading Investment Bank as Advisor

ASKARI METALS LIMITED

• Askari Metals appoints Canaccord Genuity (Australia) as a strategic capital markets advisor.
• Canaccord will help implement a comprehensive capital markets strategy in collaboration with Peak Asset Management.
• Canaccord has been issued 2,500,000 unlisted options as part of the agreement.

2023-05-16 09:55:00

AS2: Global Lithium Battery Supplier Completes Investment in AS2

ASKARI METALS LIMITED

• Askari Metals confirms receipt of AU$2.5 million from Huayou International Resources as a strategic investment.
• Funds will be used to accelerate exploration at the Uis Lithium Project in Namibia.
• Huayou's parent company, Zhejiang Huayou Cobalt, is a tier-1 global lithium battery materials and cobalt materials supplier in China.

2023-05-09 09:50:00

AS2: Askari Satisfies Conditions Precedent to Huayou Investment

ASKARI METALS LIMITED

• Askari Metals has achieved an important milestone by satisfying conditions precedent for a strategic investment agreement with Huayou International Resources.
• Huayou will invest approximately A$2.5 million by subscribing to 4,500,000 shares at A$0.55 per share and receiving 1 free attaching AS2O listed option for every three shares subscribed.
• The funds raised will be used for accelerating exploration at the Uis Lithium Project in Namibia.

2023-05-04 08:16:00

AS2: Askari Provides Exploration Update at Uis Lithium Project

ASKARI METALS LIMITED

• Askari Metals is conducting two RC drilling campaigns at the Uis Lithium Project, with completion expected in June.
• Visible spodumene mineralisation has been identified on EPL 7345, and further work is planned on EPL 8535 including diamond drilling and a potential large-scale electromagnetic survey.
• The Uis Lithium Project is located in the Erongo Region of west-central Namibia, known for historical artisanal tin and semi-precious stone mines.

2023-04-13 08:21:00

AS2: Askari Completes Acquisition of Initial 90% Interest EPL7345

ASKARI METALS LIMITED

• Askari Metals has completed the acquisition of an initial 90% interest in EPL 7345, part of the Uis Lithium Project in Namibia.
• Phase II exploration RC drilling is ongoing, and a project-wide detailed mapping and sampling program continues.
• The completion of the acquisition of the remaining 10% interest in EPL 7345 is expected to be completed shortly.

2023-04-11 08:28:00

AS2: Agreement to Acquire Remaining 10% interest in EPL 7345

ASKARI METALS LIMITED

• Askari Metals to acquire the remaining 10% interest in EPL 7345, covering an area of approximately 114 km2, which is part of the Uis Lithium Project in Namibia.
• Exploration RC drilling at EPL 7345 continues, with significant pegmatites intersected and new drill targets identified.
• Acquisition of the initial 90% interest in EPL 7345 from LexRox Exploration Services (Pty) Ltd is expected to be completed shortly.

2023-04-04 08:12:00

AS2: AS2 Completes Acquisition of Initial 80% interest in EPL8535

ASKARI METALS LIMITED

• Askari Metals has completed the acquisition of an initial 80% interest in EPL 8535, which is part of the Uis Lithium Project in Namibia.
• Completion of the acquisition satisfies the first condition precedent from the Subscription Agreement with Zhejiang Huayou Cobalt Co., Ltd.
• Askari continues to assess and evaluate other complementary projects surrounding the Uis Lithium Project for potential acquisition.

2023-03-30 08:14:00

AS2: Barrow Creek REE Exploration Program Completed

ASKARI METALS LIMITED

• Askari Metals completed a Rare Earth Element (REE) specific field reconnaissance program at the Barrow Creek Project in Central Northern Territory.
• Significant results include Total Rare Earth Oxide (TREO) values of up to 4,553 ppm TREO from previous field exploration.
• The Barrow Creek Project has potential for both REE and lithium mineralization, with further exploration programs planned.

2023-03-28 08:15:00

AS2: Huayou Cobalt to make Strategic Investment in Askari Metals

ASKARI METALS LIMITED

• Zhejiang Huayou Cobalt Co., Ltd to invest approx. $2.5 million in Askari Metals
• Funds raised to be used to accelerate exploration of Uis Lithium Project in Namibia
• Huayou to provide technical input and guidance on Namibian assets

2023-03-22 09:31:00

AS2: Phase II RC Drilling Underway at EPL 7345

ASKARI METALS LIMITED

• Askari Metals Limited has commenced Phase II of their RC drilling campaign on the Uis Lithium Project in the Erongo Region of Namibia.
• The Phase II drilling program is set to continue for two months, producing at least 4,000m of chips, samples and data from the project.
• The project holds exceptional potential, with many pegmatites exposed at the surface ranging from a few meters in width to more than 20m in width.

2023-03-07 08:17:00

AS2: Phase I RC Drilling Underway at EPL 8535 - Uis Li Project

ASKARI METALS LIMITED

• Askari Metals has commenced a Phase I RC drilling program on the Uis Lithium Project in Namibia.
• The program consists of a minimum 3,000m drill program with over 40 drill holes targeting four separate target zones.
• A detailed mapping and sampling program is also ongoing on EPL 7345 with Phase II set to commence before end of February 2023.

2023-02-15 09:25:00

AS2: High Grade Lithium, Tin and Tantalum Results at EPL 8535

ASKARI METALS LIMITED

• Phase 1 reconnaissance sampling completed on EPL 8535 returned sample results as high as 3.3% Lithium Oxide (Li 2O), 3.2% Tin (Sn), 4,280ppm Tantalum (Ta) and 7,980ppm Rubidium (Rb).
• Pegmatites on EPL 8535 are spodumene dominant of the LCT-type.
• First phase drilling campaign to start imminently – multiple significant pegmatite targets will be drill tested designed to confirm the continuity of the high lithium grades at depth.

2023-02-06 08:16:00

AS2: Project-Wide Detailed Exploration Underway at Uis Li Project

ASKARI METALS LIMITED

• Earthlab Technical has been engaged to complete project-wide detailed mapping and sampling at EPL 7345.
• Initial due diligence returned sample results of up to 2.11% Li2O, 1.30% Sn and 658ppm Ta.
• Phase II drilling to follow the sampling program.

2023-02-02 08:20:00

AS2: Barrow Creek Exploration Highlights High-Grade REE Potential

ASKARI METALS LIMITED

• Rare Earth Elements (REE) identified with high potential
• Results of up to 4553 ppm TREO
• Follow-up work planned for newly identified REE potential

2023-01-25 08:23:00

AS2: RC Drilling Program at Horry Delivers High-Grade Results

ASKARI METALS LIMITED

1. Inaugural RC drilling campaign completed at the high-grade Horry Copper and Gold Project located in the Kimberley region of Western Australia
2. High -grade copper and gold mineralisation intersected – multiple targets identified for Phase II drilling campaign
3. Multiple mineralised lodes identified and confirmed at the Horry Horse and Mt Dockrell prospects

2023-01-17 08:26:00