Askari Metals (ASX:AS2) moves on Hillside lithium
November 11, 2022Australian explorer Askari Metals plans to make a greenfield lithium discovery following the Company’s 100% acquisition of Greenstone Lithium’s Hillside Lithium Project in Western Australia’s emerging eastern Pilbara region.
The project, considered highly prospective for Lithium-Tin-Tantalum (Li + Sn + Ta) mineralisation, neighbours Eastern Resources (ASX:EFE) Trigg Hill and East Curlew prospects where extensive pegmatites have been drill tested along strike into the acquired Hillside tenements.
Hillside is also less than 4 km northeast of Riversgold Ltd (ASX. RGL) Tambourah Project and Trek Metals Limited (ASX. TKM) Tambourah North Project, where spodumene has recently been discovered in drilling and rock sampling.
“The Hillside Lithium Project completes the Company’s aggressive acquisition strategy in the eastern Pilbara region of Western Australia,” Executive Director Gino D’Anna said.
“We believe that the exploration potential of this project is significant, and this is highlighted by the recent exploration success at the Tambourah Lithium Project, owned by Riversgold Limited, and the Tambourah North Lithium Project, owned by Trek Metals Limited.
“This area is seeing a lot of dedicated lithium exploration and is a hive of activity. We are pleased that we can now be a part of that as well.”
Price Action
The Company’s ASX-listed shares have risen 7.23 per cent to 44.5c in early morning trade.
Positioned for Success
Askari is in discussions with Zhejiang Kanglongda to move beyond its current strategic partnership agreement. The Company is positioning itself as a prominent landholder in the Pilbara region with a plan to become an emerging lithium explorer with high-quality assets – the existing Lithium Strategic Partnership Agreement Zhejiang Kanglongda will fast-track the exploration and development of the Company’s Australian lithium assets.
About Askari Metal
Askari Metals focuses on acquiring, exploring and developing high-grade gold and copper-gold projects in New South Wales and Western Australia and has assembled an attractive portfolio of projects in these areas. Askari has appointed a Board of Directors, management and technical team with experience operating in Western Australia and New South Wales, across exploration, mining and strategic transactions, with strong technical, legal, and financial management skills. The Company’s main objective is 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.
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