Mining

Askari Metals acquires Eyasi Uranium Project

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Askari Metals (ASX:AS2) has obtained 100% ownership of the Eyasi Uranium Project, located in northern Tanzania, through direct licence applications.

The Eyasi Project spans 292km2 and was identified through comprehensive geological and geophysical data analysis.

Through re-processing of airborne geophysical data, Askari detected two significant radiometric anomalies within the Eyasi Project area.

The anomalies, covering a 30km strike, are believed to define fluvial channel systems potentially containing placer-style uranium deposits from nearby uraniferous granites.

"The Eyasi Project represents a significant exploration opportunity for Askari and is a strong addition to our Tanzanian uranium portfolio," stated Gino D’Anna, Managing Director of Askari Metals.

The acquisition complements Askari's Matemanga Project, reinforcing its position in Tanzania's uranium sector.

The company plans an initial reconnaissance sampling effort to better understand and define the project's mineralisation potential.

Askari Metals continues to evaluate additional strategic acquisitions within Tanzania to expand its uranium presence in the region.

With the new Tanzanian government advocating investment in the mining sector, Askari Metals aims to leverage this favourable environment to enhance its exploration activities in the country.

Askari Metals is engaged in acquiring, exploring, and developing a portfolio of high-grade battery (Li + Cu) and precious (Au + Ag) metal projects across Namibia, Western Australia, Northern Territory, and New South Wales.

It has assembled a portfolio of lithium, copper, gold, uranium, and copper-gold exploration/mineral resource development projects in Western Australia, Northern Territory, New South Wales, southern Tanzania, and Namibia.

At the time of reporting, Askari Metals' share price was $0.03.

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