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- Uis emerging as polymetallic pegmatite project with exposure to tin, tantalum, lithium, rubidium and caesium
- Soil geochemical survey at EPL 7626 is now approaching 75% completion
- First phase trenching program advancing at Kestrel pegmatite target
- Detailed geological mapping and rock-chip sampling continuing across multiple priority targets
Askari Metals (ASX: AS2) has identified further critical mineral potential with ongoing work programs at the Uis project in Namibia.
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The company has confirmed polymetallic pegmatite potential as it ramps up multiple workstreams and advances a growing pipeline of drill-ready pegmatite targets.
Amongst those key areas of activity is a soil geochemical survey being undertaken across exploration area EPL 7626, which is now approaching 75% completion.
The survey represents a key component of Askari’s systematic exploration strategy and has been designed to identify and prioritise concealed pegmatite targets within the broader Uis Project area.
The program is expected to provide valuable geochemical vectors to support target generation and assist in defining additional priority areas for follow-up mapping, trenching and drilling.
Once completed, all samples will be submitted for laboratory analysis and integrated with geological, geophysical and hyperspectral datasets to further refine exploration targets across the licence area.
The company is also progressing towards completion of the first phase of trenching at the highly prospective Kestrel pegmatite target located within EPL 8535.
Preliminary observations continue to support the prospectivity of the Kestrel target and the company remains encouraged by the scale and continuity of pegmatite development identified to date.
In parallel with soil sampling and trenching activities, Askari’s field teams continue to undertake detailed geological mapping and rock-chip sampling on a number of significant targets identified across EPL 7345 and EPL 8535.
Executive director, Gino D’Anna, said the ongoing work is progressively building a robust inventory of priority targets, allowing the company to rank and prioritise future drill programs across the broader Uis project.
“The Uis project continues to deliver a growing pipeline of high-priority targets as multiple exploration workstreams progress simultaneously across the project area,” he said.
“With the soil sampling survey at EPL 7626 nearing completion, trenching advancing at the Kestrel pegmatite target and RC drilling planning underway across the DP, PS, K9 and OP Targets, Askari is rapidly building momentum toward the next phase of value-generating exploration.
“Importantly, our field teams continue to identify and refine new opportunities across EPL 7345 and EPL 8535, reinforcing our belief that Uis has the potential to host multiple mineralised pegmatite systems. We look forward to updating shareholders as assay results are received and drilling preparations advance.”
AS2 was steady at 0.7¢ with a Mkt cap of $5.470M prior to markets opening.
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