Askari Metals (ASX:AS2) to expand lithium portfolio in Pilbara

• Askari Metals (AS2) is set to expand its lithium portfolio in Western Australia’s highly prospective Pilbara region
• AS2 submitted applications for the Yarrie lithium project which covers over 1700 square kilometres and is considered prospective for hard rock lithium-tin-tantalum mineralisation
• Once the project is granted, Askari plans to conduct a data review ahead of rock chip and soil sampling activities to target lithium hotspots
• Company shares have ended the day 7.69 per cent in the red to close at 30 cents each

Askari Metals (AS2) is set to expand its lithium portfolio in Western Australia’s highly prospective Pilbara region.

The company has lodged applications with the Department of Mines, Industry Regulation and Safety to acquire the Yarrie lithium project.

The applications align with Askari’s goal of becoming a prominent landholder in the Pilbara region and becoming a lithium explorer with high-quality assets.

The Yarrie lithium project covers 1711 square kilometres and is considered to be prospective for hard rock lithium-tin-tantalum mineralisation in pegmatites.

Yarrie sits adjacent to Kalamazoo Resources’ (KZR) Marble Bar lithium project and also lies less than 30 kilometres north of the Archer lithium deposit.

“We are confident that Askari Metals has the right projects and the right team ready to make a discovery in the heart of the eastern Pilbara lithium hotspot,” Executive Director Gino D’Anna said.

The company said it’s confident it has a high chance of exploration success and looks forward to getting on the ground as soon as possible.

Once the exploration licences are granted, Askari will undertake a data review ahead of rock chip and soil sampling activities to target lithium hotspots.

Company shares ended the day 7.69 per cent in the red to close at 30 cents each.