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AS2 - ASKARI METALS LIMITED


nipper
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Askari Metals Ltd (AS2), which is aiming to list by early July this year with an enterprise value of $2.7m, has a portfolio of five fully owned projects located in New South Wales and Western Australia. The main objectives are to complete exploration activities including geophysical surveys and drilling at the Burracoppin Gold Project, the Horry Copper Project and the Mt Maguire Gold Project. The Company will also undertake exploration on the Springdale Copper-Gold Project and the Callawa Copper Project comprising reconnaissance exploration, drilling and geological mapping

 

The Springdale copper gold project in the Lachlan Fold Belt has witnessed significant historic production. Limited drilling has been carried out below the old workings, but it is located in the right neighbourhood for big copper-gold porphyry discoveries.

 

Askari's Callawa copper project is in a proven copper gold district of Western Australia and lies to the west of the Rio Tinto (ASX:RIO) Winu project and is northwest of the large Metal X (MLX) Nifty copper mine. Previous rock chip samples returned grades of up to 28.7 per cent copper at surface.

 

 

Listing date ... 5 July 2021 #

Contact details .... https://www.askarimetals.com/

Principal Activities ... Askari Metals Limited acquires, explores and develops highgrade copper and gold projects in WA and NSW.

Issue Price .... $0.20

Issue Type .... Ordinary Fully Paid Shares

Security code .... AS2

Capital to be Raised ....... $6,000,000

Expected offer close date ..... 3 June 2021

Underwriter ........... Not underwritten. Peak Asset Management Pty Ltd (Lead Manager)

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On 10/28/2021 at 8:32 AM, beejeboi said:

We've seen a lot of positive announcements by the group. Give this a read...

but there has been a change in direction .... only a $30million market cap, and this is after the SP has run from 20c at end 2021 to 77c now

 

Recent Lithium Acquisitions Underpin the Company and its Strategic Focus on the Critical Battery Metals Markets

 Highlights:

Barrow Creek Lithium Project, NT (Option, 100% owned)

  • Subsequent to the end of the half year period ended 31 December 2021, the Company acquired the Barrow Creek Lithium Project (ELA 32804) covering an area of 278 km2 located in the Arunta Pegmatite Province of the NT

Yarrie Lithium Project, WA (100% owned) 

  • Subsequent to the end of the half year period ended 31 December 2021, the Company acquired the Yarrie Lithium Project covering an area of 1,711 km2 located in the Pilbara region of Western Australia with demonstrated geology analogues to the Wodgina and Pilgangoora world class lithium projects

Red Peak Lithium Project, WA (100% owned)

  • During the half year period ended 31 December 2021, the Company acquired the Red Peak Lithium Pegmatite Project which covers an area of approximately 350km2 with at least eleven (11) significant pegmatites already identified
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