Join our daily newsletter At The Bell to receive exclusive market insights
Askari Metals (ASX:AS2) has identified extensive tin and tantalum – both at high grades – through a review of the historical exploration database for its Uis project in Namibia, with assays from historical exploration including 3.17% SnO2 (tin oxide) 5,226ppm Ta2O5 (tantalum pentoxide), and 0.87% Rb2O (rubindium oxide).
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The review mostly focused on EPL 8535, which is the southernmost tenement owned by
Askari. It is located around 14 kilometres from a tin mine – also named Uis – which is being operated by Andrada Mining.
The area has been subject to surface mapping and rock chip sampling, in addition to an initial phase of RC (reverse circulation) drilling.
The results from these, plus newly identified pegmatite targets, have never been followed up on, even though they host the same pegmatite geology as the Uis mine.
Director Gino D’Anna declared the project’s location along strike of this mine made it a serious strategic asset. “Historical exploration at Uis has demonstrated significant high grades of mineralisation including tin, tantalum and rubidium, comparable with the results outlined by our neighbour, Andrada Mining.”
Mr D’Anna continued: “Despite sharing the same geology as the nearby Uis Tin Mine, this is the first time the Company has evaluated the potential of the Uis Project to host significant
tin and tantalum mineralisation.
“The Uis Project is truly a polymetallic project offering significant economic upside.”
More market news
Kowtow: “Biggest day in financial history” on Trump’s tariffs retreat
Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst
He added that given the tin price – US$31,275 per tonne – developing the potential of this resource was an opportunity too good to ignore.
AS2 has been trading at 0.9cps on Tuesday morning.
Join the discussion: See what HotCopper users are saying about Askari Metals and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
