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Askari Metals Limited ( (AU:AS2) ) has shared an update.
Askari Metals Limited has addressed media speculation regarding its acquisition of the Nejo Gold Project in Ethiopia, clarifying that no legal actions have been taken to revoke its exploration licenses. The company has secured a binding agreement to acquire Xingxu Mining, which holds the Nejo Project licenses, and plans to advance the project with a focus on high-grade gold and copper exploration, while maintaining strong relationships with Ethiopian stakeholders.
More about Askari Metals Limited
Askari Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly involved in projects targeting high-grade gold and copper, with a strategic emphasis on leveraging advanced technologies for exploration within highly mineralized regions such as the Arabian-Nubian Shield.
Average Trading Volume: 6,831,744
Technical Sentiment Signal: Sell
Current Market Cap: A$4.85M
Find detailed analytics on AS2 stock on TipRanks’ Stock Analysis page.