Askari announces Namibian lithium project update

Highlights:

• Phase 1 reconnaissance sampling completed during the due diligence phase on EPL 8535, part of the Uis lithium project in Namibia, returns sample results as high as:
  • 3.3% lithium oxide (Li₂O).
  • 3.2% tin (Sn).
  • 4280 ppm tantalum (Ta).
  • 7980 ppm Rubidium (Rb).
• Pegmatites on EPL 8535 are spodumene dominant of the LCT-type.
• Abundance of altered spodumene visible in pegmatites.
• positive indicator for lithium exploration.
• First phase drilling campaign to start imminently.
• multiple significant pegmatite targets will be drill tested designed to confirm the continuity of the high lithium grades at depth.

A total of 162 rock chip samples were collected from EPL 8535 during the due diligence phase of the tenement acquisition. sampling was conducted over exposed pegmatites and included several old artisanal workings mined for either tin or semi-precious stones.

Commenting on the results, Askari VP Geology and Exploration Mr Johan Lambrechts said:

“These extraordinary results from the due diligence sampling campaign are significant for Askari, including five results greater than 3% Li₂O, 10 results greater than 0.24% tin and 42 results greater than 100 ppm tantalum.

The company has been rewarded for its commitment to unlocking mineral resource potential as efficiently as possible, and strategically manoeuvring to capture shareholder value through the acquisition of the Uis lithium project next door to an operating world-class tin, tantalum, lithium mine. Askari is strategically advancing its drive toward the top of the lithium exploration field in Namibia. We see immense potential in our growing Namibian portfolio as we believe the country hosts significant and untapped lithium and critical mineral riches vital for the global energy transition to a lower carbon future. The first phase of drilling EPL 8535 is imminent and exploration work on the neighbouring EPL 7345 licence continues to progress. We are incredibly excited about the future and look forward to keeping our shareholders informed as we progress.”

Read the article online at: https://www.globalminingreview.com/mining/07022023/askari-announces-namibian-lithium-project-update/