[ad_1]
In February, Askari Metals (ASX:AS2) will proceed the second leg of its 10,000m RC drill run on-site the not too long ago picked up Uis lithium mission in Namibia, Africa; with the primary section of drilling wrapped up as of Thursday.
The corporate hit floor rock chip samples containing lithium simply over 3% in fieldwork performed between September and October; the corporate now awaits assays on the primary 3,000m comprising 59 completely different drillholes.
The Uis mission boasts a wholesome array of pegmatite targets already mapped in fieldwork workouts and historic mining operations give the corporate an concept of the place and the place to not begin wanting.
Spodumene is widespread on-site, the identical sort of lithium-hosting mineral that has introduced nice fortune to Pilbara Minerals (ASX:PLS) this 12 months.
Newsflow inbound
“The pegmatites at Uis had by no means been drill examined traditionally so that is an thrilling time for Askari, the place we eagerly await assay outcomes from the spodumene targets,” Askari exploration chief Johan Lambrechts mentioned.
“The completion of Part I drilling at Uis underpins the corporate’s aim to aggressively discover [for battery metals.]”
Uis rising
Earlier this month, Askari snagged a second tenement proper close by Uis as the corporate companies its intentions to ascertain itself as an African lithium explorer.
That tenement brings the Uis mission total to a 308km2 footprint. The second tenement, which is held underneath licence EPL 8535, will probably be topic to RC drilling in January subsequent 12 months.
That drill run, additionally an RC rig, will probably be separate to the Part II drilling trying to find lithium on the unique Uis tenement (EPL 7345) kicking off in February.
Askari additionally needs to smell out tin, tantalum and rubidium; all three parts are generally related to lithium. Rubidium, by itself, can be a high-value metallic.
Why is Askari shifting into Namibia?
Askari sees its new worldwide footprint as transformational; China’s Zheijang Kanglongda are supportive of the corporate’s African exploration—Askari and Zheijang teamed up again in October.
Askari will proceed to develop its property throughout Africa and Australia, which it notes will see tandem exploration campaigns.
A look at Askari’s three month charts
Disclaimer: Market Index helps small-cap ASX listed firms join with Australian traders by means of clear and concise articles on key developments. Askari was a shopper on the time of publishing. All protection comprises factual data solely and shouldn’t be interpreted as an opinion or monetary recommendation.
[ad_2]
Related Posts
