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Askari Metals Limited ( (AU:AS2) ) has provided an announcement.
Askari Metals has outlined a busy near-term exploration program centred on its Nejo Gold and Copper Project in Ethiopia, where it has defined multiple drill-ready targets along two major mineralised trends and plans a maiden 5,000m drilling campaign in early 2026 as part of a larger 20,000m program aimed at defining an initial JORC mineral resource. The company has strengthened its balance sheet by raising A$2.75 million through an oversubscribed rights issue and placement, repaying all outstanding convertible and redeemable notes, rationalising its portfolio to focus on African assets, and leveraging strong government relationships in Ethiopia to support efficient fieldwork, setting up sustained exploration news flow from both Ethiopia and Namibia in coming quarters.
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 exploration company focused on gold, copper and critical metals, with its flagship 1,174km² Nejo Gold and Copper Project in central western Ethiopia within the Arabian-Nubian Shield, a globally significant gold-copper province. The company also holds the Uis Project in Namibia, targeting high-grade tin and tantalum with additional lithium and rubidium potential, and has recently divested its Australian subsidiary to concentrate on its African portfolio.
Average Trading Volume: 2,704,144
Technical Sentiment Signal: Hold
Current Market Cap: A$10.77M
For an in-depth examination of AS2 stock, go to TipRanks’ Overview page.