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Askari Metals Limited ( (AU:AS2) ) has issued an announcement.
Askari Metals Limited has acquired 100% ownership of the Nejo Gold Project in Ethiopia, a large-scale and advanced site located on the Arabian-Nubian Shield, a region known for its significant gold and copper deposits. This acquisition aligns with Askari’s African-focused exploration strategy, offering potential for dual commodity extraction of gold and copper. The project includes 10 proven targets with historical data indicating high-grade gold results, and it presents a fast-track opportunity to establish a JORC Mineral Resource Estimate through systematic exploration. This strategic move is expected to enhance Askari’s positioning in the global mining sector and provide leverage for discovery with its tight capital structure.
More about Askari Metals Limited
Askari Metals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products are gold and copper, with a market focus on underexplored mineral-rich regions, particularly in Africa.
Average Trading Volume: 874,748
Technical Sentiment Signal: Sell
Current Market Cap: A$2.43M
Find detailed analytics on AS2 stock on TipRanks’ Stock Analysis page.