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An update from Askari Metals Limited ( (AU:AS2) ) is now available.
Askari Metals Limited has successfully closed an oversubscribed entitlement offer, raising approximately $1.6 million to accelerate its exploration projects in Africa. The funds will support the Nejo Gold and Copper Project in Ethiopia and the Uis Project in Namibia, both of which have shown significant mineralization potential. The company’s strategic focus on underexplored regions in Africa, combined with a strong shareholder alignment, positions it for growth and value creation in the mineral exploration industry.
More about Askari Metals Limited
Askari Metals Limited is an exploration company focused on developing a Tier-1 gold portfolio in Africa, particularly in Ethiopia and Namibia. The company is engaged in exploring mineral-rich frontier belts, targeting gold, copper, tin, tantalum, rubidium, and lithium.
Average Trading Volume: 2,106,027
Technical Sentiment Signal: Sell
Current Market Cap: A$8.39M
See more data about AS2 stock on TipRanks’ Stock Analysis page.