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Askari Metals Limited ( (AU:AS2) ) has provided an announcement.
Askari Metals Limited has announced the acquisition of Rift Valley Resources Pty Ltd, securing a 460 km² gold project portfolio within the Adola Greenstone Belt in southern Ethiopia. This move positions Askari Metals advantageously in a promising, underexplored gold belt, potentially enhancing its market presence and offering significant opportunities for stakeholders.
More about Askari Metals Limited
Askari Metals is a Southern African exploration company focused on developing its Uis Lithium Project in Namibia, strategically located near the Uis Tin-Tantalum-Lithium Mine and close to the port of Walvis Bay. The company is also expanding its portfolio with the Matemanga Uranium Project in Tanzania and is exploring further uranium opportunities. Additionally, Askari Metals is considering divestment strategies for its Australian projects, which include gold, copper, and rare earth elements.
Average Trading Volume: 825,867
Technical Sentiment Signal: Sell
Current Market Cap: A$3.64M
For a thorough assessment of AS2 stock, go to TipRanks’ Stock Analysis page.