Askari Metals Limited (ASX: AS2) has commenced its Phase I RC drilling programme on Exclusive Prospecting Licence (EPL) 8535, part of the Uis Lithium Project, located in the Erongo Region of central-west Namibia.
The Uis Lithium Project comprises both EPL 7345 and EPL 8535 and covers an area of 308.12sq. km in a highly mineralized, spodumene rich pegmatite belt with a history of prior production and exploration success.
EPL 8535 forms part of the Uis Lithium Project and is located less than 17km from the town of Uis and adjacent to the operating Uis Mine, owned by London-listed Andrada Mining Limited.
The project holds exceptional potential, as identified by the due diligence sample results and the very high number of pegmatites exposed at the surface, ranging from a few meters in width to more than 50m wide. Many of the pegmatites have been mined historically for tin and semi-precious stones, and altered spodumene and lepidolite are visible within the workings and the mined rock around the workings.
“Askari has maintained an aggressive and hands-on exploration approach since acquiring the Uis Lithium Project,” VP-Exploration and Geology, Johan Lambrechts, said.
“We acquired EPL 7345 in late October 2022 and expanded our strategic landholding with the acquisition of EPL 8535 in early December 2022. Within three weeks of acquiring EPL 7345, the company had mobilized a drill rig to site for its Phase I RC drilling programme at EPL 7345 and we are now due to commence Phase II RC drilling at EPL 7345 in late February 2023.
“We have continued with this momentum having now commenced our Phase I RC drilling program at EPL 8535. We are confident in the mineralized pegmatites we have seen on surface to date and with our mapping team continuing in the field, there are numerous additional targets being identified highlighting the significant exploration upside.
“We see the Uis Lithium Project as having significant potential and we are aiming to demonstrate the potential scale of the mineralization through aggressive drilling and other exploration campaigns. We are certainly leading the lithium charge out of Namibia.
“This inaugural phase of drilling on EPL 8535 will culminate in the Company completing more than 100 drill holes on our Namibian projects in less than five months, and this statistic will be compounded when the second phase of drilling starts on EPL 7345 in a few weeks’ time. We aim to continue with this methodology for the foreseeable future, with the mapping programmes leading to new and additional drill targets to be tested.
“The company looks forward to updating our shareholders as our exploration activities continue.”
For further information please visit: https://www.askarimetals.com/
