Askari Metals Limited · ASX:AS2
Askari Metals — Investor Presentation (June 2023)
24 slides from Askari Metals's investor presentation, Jun 13, 2023
Slide 1: Leading the Lithium charge out of Namibia, Africa
ASKARI\’ Leading the Lithium charge out of Namibia, Africa Critical Battery Metals Exploration Namibia and Australia INVESTOR PRESENTATION // June 2023 56000 4ricn cs
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared and issued by Askari Metals Limited (the “Company') to inform interested parties about the Company and its progress. The material contained in this presentation sets out general background information on the Company and its activities. It does not const
Slide 3: Major Highlights
MAJOR HIGHLIGHTS > Flagship African lithium project ‘Uis Lithium-Tantalum’ project The Uis Lithium Project in Nomibia is located in a highly mineralised and spodumene rich pegmatite belt 7 7 ] + Namibia is mining friendly and heavily underexplored for lithium bs a - | + Grades up to 3.3% Li,O from i
Slide 4: Flagship Asset: Uis Lithium Project
FLAGSHIP ASSET: = “UIS LITHIUM P Covers an area of 310km?less than 2.5km from : ; Andrada Mining Ltd’s (LSE: ATM) operating Uis Mine, Dis Tncfantalun-Lithium Mine Sa which has a JORC (2012) Mineral Resource of 81Mt isa an 8p Te : : @ 0.73% Li, High-grade pegmatite samples collected from surface — an
Slide 5: High-Grade Lithium Mineralisation
HIGH-GRADE LITHIUM MINERALISATION Spodumene mineralisation observed in large rocks identified at the mine workings on EPL 7345 Pegmatite outcrop on the Uis Lithium Project on EPL 8535 ASX:AS2 INVESTOR PRESENTATION EPL7345 |Zeptssas
Slide 6: Phase II RC Drilling Completed (EPL 7345)
PHASE II RC DRILLING COMPLETED (EPL 7345) . \ Initial target pegmatites. of the P2 RC Program \ Me * — Second phase RC drilling campaign in EPL 7345 for a total of ax 3,367m across 55 drill holes = 3 | / | = Program focused on previously untested mapped and identified pegmatites reported to have vis
Slide 7: Significant Pegmatite Intersection on EPL 7345
SIGNIFICANT PEGMATITE INTERSECTION ON EPL 7345 Visual Mineralisation- RC Drill Chips 7 A * Drilling has reached an area where several encouraging spodumene-bearing tetas ented 1 saree pegmatites were identified in the recent mapping and sampling program 1 Granite Pegmatite = This resulted in a wide
Slide 8: Phase I RC Drilling Completed (EPL 8535)
PHASE | RC DRILLING COMPLETED (EPL 8535) 2.94% Li20. 3.14% Li20 EPL8535." 4.80% Li20 91.02% Li20__ he Area ‘4 . | wale a Phase | RC drill program completed on EPL 8535 for a total 3,523m across 59 drill holes Four separate target zones were drill tested focused on previously mined pegmatites as well
Slide 9: Achievements and Outlook
ACHIEVEMENTS AND OUTLOOK 9g o@¢@ 89 8 8 9 9 YO OCT- NOV 2022 Initial phase of RC drilling completed at EPL 7345 Total 59 drill holes and approx. 3,000m JAN - FEB 2023 Phase | RC drilling underway at EPL 8535 Phase II RC drilling underway at EPL 7345 FEB - MAR 2023 Further acquisitions being evaluate
Slide 10: Growth Strategy
GROWTH STRATEGY TARGETED EXPLORATION + Initial RC drilling programs completed at Uis Lithium Project—a total of 173 drill holes and 9,907m + Significant lithium-bearing mineralised pegmatite ~112m wide intersected at EPL 7345 * Diamond drilling to commence ASAP testing depth and strike extensions an
Slide 11: Experienced Team
EXPERIENCED TEAM Mr Robert Downey CHAIRMAN Mr Downey was admitted as a barrister and solicitor of the Supreme Court of Western Australia in December 1999. In 2001 Mr Downey joined Blakiston & Crabb, an independent resource / corporate / commercial law firm based in Perth. While at Blakiston & Crabb,
Slide 12: Experienced Team
EXPERIENCED TEAM Mr Paul Fromson CFO / COMPANY SECRETARY Mr Fromson, B.Com, CPA, AICD, is a finance professional who has more than 30 years industry experience, including over 23 years with ASX listed resource companies. He has held a variety of senior positions including Company Secretary, Chief Fi
Slide 13: Corporate Snapshot
CORPORATE SNAPSHOT SHARES ON ISSUE AND MARKET CAPITALISATION ASX: AS2 SHARE CHART — JUNE 2022 TO PRESENT Shares on issue (ASX: AS2) (incl. escrowed holdings) 74,323,352 Share Price (as at 9 June 2023) A$0.265 Market Cap (undiluted) A$19.7 million OTHER SECURITIES Listed Options (ASX: AS2O) 16,776,49
Slide 14: Investment Opportunity
MENT OPPORTUNITY > NAMIBIAN FLAGSHIP PROJECT The Uis Lithium Project in Namibia is located in a highly mineralised, spodumene rich pegmatite belt with a history of prior production and exploration success + Grades up to 3.3% Li,O from initial reconnaissance sampling + Mining friendly environment * >
Slide 15: Appendices
ASKARIV\’ Appendices ASKARIMETALS.COM = // — ASX:AS2
Slide 16: Additional Portfolio - Copper and Gold Assets
ADDITIONAL PORTFOLIO - COPPER AND GOLD ASSE AUSTRALIA "Darwin Northern 7 Territory Au Project a Alice Spiings Western Australia South Australia Adelaide 2 Townsville Queensland Brisbane Canberra Victoria Melbourne Tas * Hobart Bk “sumer Burracoppin Gold Project hosts significant shallow high-grade g
Slide 17: Eastern Pilbara Lithium Portfolio
EASTERN PILBARA LITHIUM PORTFOLIO WESTERN AUSTRALIA =i + Expansive Eastern Pilbara lithium portfolio et ‘ ‘ AP maps: : strategically located next to recent discoveries and mms : ‘ ‘¢ ange ‘ - worldclass deposits Sun Mirror AG x > : | + >2,100 km? in the eastern Pilbara close to existing deposits and
Slide 18: Yarrie Lithium Project
YARRIE LITHIUM PROJECT WESTERN AUSTRALIA 205t0N 20,7500 Target areas identified from Feconnaissance acivilies iat *2025me be 2 ge get areas identified trom ia reconnaissance activities 2050 207508 Vv ASKAAI Map showing the Yarre tenure of the Askarl Metals Plibara Lithium project north of Marble Bar
Slide 19: Hillside Lithium Project
HILLSIDE LITHIUM PROJECT WESTERN AUSTRALIA assem! WwW Syersaoy, uy sedimentary pias silcilastic ‘2097.00, + 2iogmhago + Significant exploration potential - under-explored for lithium and has never been drill tested, highlighting a significant opportunity to make a greenfields lithium discovery grani
Slide 20: Myrnas Hill Lithium Project
MYRNAS HILL LITHIUM PROJECT WESTERN AUSTRALIA * Highly prospective for Lithium-Tin-Tantalum (Li-Sn- Ta) mineralisation Askari Metals Myrnas Hill — 4 * Located ~ 50km from the world-class Pilgangoora 45/4907 _ Lithium Mine (ASX. PLS) — similar geological setting : with target host rocks strongly anal
Slide 21: Barrow Creek Lithium and REE Project
BARROW CREEK LITHIUM AND REE PROJECT NORTHERN TERRITORY 77 arp Le - Coro Litum Lis (CxO) ’ market cap AS97San wy btium Plus -CATL ae rie! cap AS34300 © Precious metals © Aloying metas % © Basco mais © Indust! metals TD © Ratosctve metas Aileron Province Si ° Takatoa Fo a ss ~ Murray oO Mount Peake =
Slide 22: Red Peak REE Project
RED PEAK REE PROJECT WESTERN AUSTRALIA | orem ee. M4 Ts Stage aA. + Located in the highly sought after Gascoyne Region of WA + Adjacent to and along strike of Krakatoa Resources Limited — Mt Clere REE Project Bese: 3S oy See je af ii i Be Al ae ; cA Seg? os) 7 | ° Initial sampling of the pegmatites
Slide 23: Questions...
ASKARIV\’ Questions... For further information, please contact: Mr Gino D’Anna Mr Johan Lambrecht Executive Director VP Exploration and Geology Askari Metals Limited Askari Metals Limited M +61 400 408 878 M +61 431 477 145 E gino@askarimetals.com E johan@askarimetals.com ASKARIMETALS.COM = // — ASX
Slide 24: ASX References and Compliance
ASX References and Compliance Information contained within this announcement has been prepared based on reliance on ASX announcements as noted in the table below: 5 June 2023 1 June 2023 25 May 2023 17 May 2023 9 May 2023 13 April 2023 11 April 2023 30 March 2023 28 March 2023 22 March 2023 07 March