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Askari Metals Limited ( (AU:AS2) ) has shared an update.
Askari Metals has reported Phase 1 trenching results from the PS Pegmatite Target at its Uis Project in Namibia, confirming continuous polymetallic mineralisation with notable grades of tin, lithium, tantalum, rubidium and caesium. The systematic trenching, completed on roughly 40-metre spacing, has improved geological understanding of pegmatite geometry and generated high-confidence drill targets across the PS system and other delineated pegmatite zones.
The company now plans a substantial next phase of reverse circulation and diamond drilling in the second half of 2026, initially at the OP target and then extending to DP, PS and the spodumene-rich K9 target, alongside broader soil and geochemical surveys over its 380-square-kilometre landholding. Management says the results validate historical work, support the Uis Project’s emergence as a high-grade critical minerals asset, and underpin its strategy to define a maiden JORC mineral resource and advance the project’s development in a proven mining district with established infrastructure and export access.
More about Askari Metals Limited
Askari Metals Limited is an ASX-listed exploration company focused on critical minerals, with a 100%-owned position in the Uis Project in Namibia’s Cape Cross-Uis Pegmatite Belt. The project, located adjacent to the operating Uis Tin Mine and close to the deep-water port of Walvis Bay, targets polymetallic pegmatites containing tin, lithium, tantalum, rubidium and caesium.
Average Trading Volume: 1,006,898
Technical Sentiment Signal: Sell
Current Market Cap: A$6.93M
For detailed information about AS2 stock, go to TipRanks’ Stock Analysis page.