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Askari Metals Limited ( (AU:AS2) ) has provided an update.
Askari Metals has fully repaid its convertible note facility with Lawson Mining Pty Ltd and all remaining Series B redeemable notes, leaving the company debt-free with a clean capital structure and strong cash position. This strengthened balance sheet allows Askari to accelerate exploration across its African portfolio in 2026, particularly a phased drilling program of up to 20,000 metres at its flagship Nejo Gold & Copper Project in Ethiopia aimed at validating historical high-grade gold results and advancing toward a maiden JORC mineral resource, while also restarting exploration at the Uis Tin-Tantalum-Lithium Project in Namibia to leverage record tin prices and renewed interest in battery metals.
The most recent analyst rating on (AU:AS2) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Askari Metals Limited stock, see the AU:AS2 Stock Forecast page.
More about Askari Metals Limited
Askari Metals Limited is an ASX-listed mineral exploration company focused on gold, copper and critical metals projects in Africa, with key assets including the Nejo Gold & Copper Project in Ethiopia and the Uis Tin-Tantalum-Lithium Project in Namibia. The company targets high-impact exploration opportunities in precious and battery metals, positioning itself to benefit from strong commodity pricing and growing demand for critical minerals.
Average Trading Volume: 2,163,680
Technical Sentiment Signal: Sell
Current Market Cap: A$9.23M
See more insights into AS2 stock on TipRanks’ Stock Analysis page.