AS2s strategic acquisition amplifies the flagship lithium project and pegmatite belt presence

Askari Metals Limited (ASX: AS2) has announced its 100% acquisition of Green Lithium Pty Ltd, a Namibian registered company, according to a binding Share Sale Agreement. This acquisition includes Exclusive Prospecting Licence (EPL) 7626, covering approximately 68 km² in the Uis-Cape Cross Pegmatite Belt, a highly prospective area.

EPL 7626 is strategically located near Askari's flagship Uis Lithium Project and along the Uis Tin Mine operated by Andrada Mining Limited, a London Stock Exchange-listed company. With this acquisition, Askari's strategic footprint in the Uis pegmatite belt has expanded to 380 km² in the Erongo Region of west-central Namibia. The region is recognized for its potential in Lithium-Tin-Tantalum (Li + Sn + Ta) mineralization. Askari Metals plans to conduct initial field work at EPL 7626, involving detailed mapping and sampling.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com