Askari ready to ramp up growth activities at flagship African projects

• Continuing to advance Nejo and Uis projects in Africa
• Nejo provides exposure to a proven gold-copper corridor
• Multiple drill-ready targets defined
• Continuing to progress Namibian critical metals strategy at Uis

Askari Metals (ASX:AS2) is perfectly placed to undertake a pipeline of exploration work after continuing to build the foundations of its flagship African growth platform during the quarter ended June 30, 2026.

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Releasing its June quarterly report, Askari told shareholders it has a raft of upcoming drilling, trenching, geochemical sampling, mapping and technical work across Ethiopia and Namibia which are expected to provide steady exploration news flow over the coming quarters.

During the quarte previous quarter, the company advanced technical, logistical and stakeholder work programs across its flagship Nejo gold-copper project in Ethiopia and its highly prospective Uis critical metals project in Namibia.

ED, Gino D’Anna, said the company’s core objective remains clear: to unlock value from district-scale, under-explored mineral systems in jurisdictions where Askari has built strong in-country relationships, operational knowledge and a growing technical platform.

“Askari is entering a catalyst-rich period across its African portfolio. At Nejo, we have a district-scale gold- copper opportunity with multiple targets ready for drill testing. At Uis, we hold a strategic critical metals position in a proven Namibian pegmatite district,” Mr D’Anna said.

“With near-term drilling, strong targets and clear exploration momentum, Askari is well placed to deliver meaningful news flow and unlock value for shareholders.”

Mr D’Anna said the June quarter represented an important period of consolidation and preparation, positioning the company for a more active field period across both project areas.

“Askari’s near-term work programs are designed to test high-priority targets, validate historical mineralisation, expand known mineralised corridors and generate the type of exploration news flow that can materially re-rate a small-cap exploration company.”

Nejo remains Askari’s flagship asset and during the quarter, the company continued to refine its technical understanding of the Nejo system and progressed planning for its maiden drilling campaign.

The initial drilling program is expected to focus on high-priority targets within the Guji–Gudeya corridor, including Guji, Komto 1 and Komto 2, which together form a mineralised trend of approximately 9km. These targets provide an immediate opportunity to validate historical high-grade intersections, test continuity and begin defining the geometry of mineralised zones.

Askari also continued to assess the broader Guliso trend, a separate gold-copper corridor extending approximately 10km, and the high-grade copper potential at Katta in the northern portion of the Project area.

“The company considers these targets to be highly prospective and believes the scale of the broader Nejo landholding provides significant optionality for discovery across gold, copper and associated critical minerals,” Mr D’Anna said.

AS2 is steady at 0.6¢ with a Mkt cap of $4.689M.

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