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Askari Metals Limited ( (AU:AS2) ) has issued an announcement.
Askari Metals Limited has completed its legal and technical due diligence for acquiring the Adola Greenstone Belt Gold Projects in southern Ethiopia, a region known for its significant gold deposits. This acquisition positions Askari strategically within a highly prospective gold belt, providing a first-mover advantage in an underexplored area. The due diligence confirmed the presence of potentially gold-bearing quartz veins, and the company plans to conduct further exploration to unlock the area’s full potential, aligning with its strategy to develop a tier-1 gold portfolio in Ethiopia.
More about Askari Metals Limited
Askari Metals Limited is a company operating in the mining industry, focusing on the exploration and development of gold projects. The company is particularly interested in the African market, aiming to establish a significant presence in gold-rich regions.
Average Trading Volume: 825,867
Technical Sentiment Signal: Sell
Current Market Cap: A$3.64M
For an in-depth examination of AS2 stock, go to TipRanks’ Stock Analysis page.