- Askari Metals (AS2) completes a hyperspectral survey at its Yarrie Lithium Project in Western Australia’s Pilbara which confirms high priority exploration targets
- The project spans over 1,700 square kilometres with some identified targets reaching almost 90 square kilometres of prospective lithium, tin and tantalum mineralisation
- The company says on-ground exploration will commence as soon as practicable to field test the exploration targets
- Askari says it is also completing exploration and drilling at other projects, including the Burracoppin gold project
- Shares were unchanged at 36 cents
Askari Metals (AS2) has completed a hyperspectral survey at its Yarrie Lithium Project in Western Australia’s Pilbara which has confirmed high priority exploration targets.
The project spans over 1,700 square kilometres with some identified targets reaching almost 90 square kilometres of prospective lithium, tin and tantalum mineralisation. Yarrie consists of exploration licence applications across a single contiguous project.
The company said on-ground exploration will commence as soon as practicable to field test the exploration targets.
The targets generated from the hyperspectral work will be the core focus for initial reconnaissance work on the tenement, and the company said it will build on its findings in the field.
The Yarrie Lithium Project is flanked by the Pilbara Supergroup that hosts the Pilgangoora and Marble Bar lithium projects, and the De Grey Supergroup, which surrounds the Wodgina Lithium project.
Vice President Exploration and Geology Johan Lambrechts says while the company’s focus is on lithium with Yarrie and Barrow Creek, it is also completing exploration and drilling at other projects.
“Our focus remains squarely on lithium, but we are also currently completing the second phase of reverse circulation (RC) drilling on our Burracoppin gold project, which we are confident will deliver shallow high-grade gold results,” he said.
Askari shares were trading unchanged at 36 cents at 9:55am AEDT.