Slide 1: Leading the Lithium charge out of Namibia, Africa
ASKARI\? Leading the Lithium charge out of Namibia, Africa
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 Namibia is located in a highly mineralised and spodumene rich pegmatite belt: * Namibia is mining friendly and heavily under-explored for lithium * Grades up to 3.3% Li,O from initial reconnai
Slide 4: Flagship Asset: Uis Lithium Project
FLAGSHIP ASSET: “UIS LITHIUM PROJECT = Covers an area of 380km? less than 2.5km from Andrada Mining Ltd’s (LSE: ATM) operating Uis Mine, with a JORC =a pula (2012) Mineral Resource of 81Mt @ 0.73% Li,O Andrada Mining Vis Tin-Lithium Mine EPL 8535 B1Mt @ 0.73% Li:0 and 0.15% Sn * High-grade pegmatite
Slide 5: High-Grade Lithium Mineralisation
HIGH-GRADE LITHIUM MINERALISATION 7 7 EPLT345 i “ a é y Sab : jure 3-Pegmatite outcrop onthe Uisihium Project on EPL 8535 “is x , f ; J € EPLaS35 } ASX:AS2 INVESTOR PRESENTATION 5
Slide 6: Lithium Mineralised Corridor of Interest
LITHIUM MINERALISED CORRIDOR OF INTERES © 0.00:30.00 v Map showing the interpreted corridor of interest along with K/Rb sg, 0.00 ASKARI ratios of all rock chip and RC assays received to date. © 5001-80.00 Figure 6~ Mop showing interpreted coridor of interest ot Uis Lithium Project A reassessment and
Slide 7: Lithium Mineralised Corridor of Interest
LITHIUM MINERALISED CORRIDOR OF INTERES Visible spodumene and lepidolite mineralisation observed on both EPL 7345 and EPL 8535 = Some of the mineralised pegmatite localities have not been drill tested, falling within the newly interpreted prospective zone = The pegmatites within this zone contain ch
Slide 8: Primary LCT Pegmatite Spodumene Mineralisation
PRIMARY LCT PEGMATITE SPODUMENE MINERALISATION Rock chip sampling and mapping has been completed on both licences along with 2 phases of RC drilling on EPL 7345 and 1 phase of RC drilling on EPL 8535 = A total of 749 rock chip samples were collected from EPL 7345 and 292 from EPL 8535 = The Phase |
Slide 9: Achievements and Outlook
ACHIEVEMENTS AND OUTLOOK 2 Cc fo) 0) n =) i Cc fe) a — o rom — fo) LL e e OCT- NOV JAN - FEB 2022 2023 Initial phase of RC Phase | RC drilling drilling completed underway at at EPL 7345 EPL 8535 Total 59 drill holes Phase Il RC drilling and approx. 3,000m underway at EPL 7345 FEB - MAR 2023 Further
Slide 10: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
Slide 11: Board of Directors
For personal use on OARD OF DIRECTORS 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
Slide 12: Lithium Focused Management Team
LITHIUM FOCUSED MANAGEMENT TEAM — EXTENSIVE PEGMATITESEXPERIENCE For personal use on Mr Cliff Fitzhenry CHIEF EXPLORATION & PROJECT MANAGER Mr. Fitzhenry is a seasoned Geologist with 19 years’ experience, beginning his career with Anglo Platinum on the Bushveld Complex and has subsequently worked on
Slide 13: Corporate Snapshot
CORPORATE SNAPSHOT SHARES ON ISSUE AND MARKET CAPITALISATION ASX: AS2 SHARE CHART — JUNE 2022 TO PRESENT SBrres on issue (ASX: AS2} (incl, escrowed holdings} 74,323,352 O Share Price (as of 16 August 2023) A$0.23 © Market Cap (undiluted) A$17.0 million 3 ___ OTHER SECURITIES c listed Options (ASX: A
Slide 14: For personal use only
For personal use only • • • • • • • • • • •
Slide 15: Questions...
ASKARIV\’ Questions... For further information, please contact: Mr Gino D‘Anna Mr Cliff Fitzhenry Executive Director Chief Exploration and Project Manager Askari Metals Limited Askari Metals Limited M +61 400 408 878 M +27 73 258 9462 E gino@askarimetals.com E cliff@askarimetals.com ASKARIMETALS.COM
Slide 16: Appendices
ASKARIV\’ Appendices ASKARIMETALS.COM = // — ASX:AS2
Slide 17: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ ▪ ▪
Slide 18: Eastern Pilbara Lithium Portfolio
EASTERN PILBARA LITHIUM PORTFOLIO WESTERN AUSTRALIA 1 FAU Ger [mer - Gut 3 * ob ‘ eae , located next to recent discoveries and worldclass deposits Expansive Eastern Pilbara lithium portfolio strategically = >2,100 km? in the eastern Pilbara close to existing deposits and new discoveries = Major infr
Slide 19: Yarrie Lithium Project
YARRIE LITHIUM PROJECT WESTERN AUSTRALIA | : 5 2) = Phase | projectwide lithium exploration program jan Procesando resulted in more than eleven (11) target areas i) being generated ay 20b0n (79) = Target areas are based on identified lithium and =) LCT-type pegmatite pathfinder minerals from the ri
Slide 20: Hillside Lithium Project
HILLSIDE LITHIUM PROJECT WESTERN Al STRALIA “aheee pee exploration + target areas \ Easisoga metagranitic 45/6224 Syersaoy, uy sedimentary oon maa) silcilastic Sonatas | ae 1 SalSonpe Cr pepmate (itor ey | ont Mapped and interpreted “+ | Pegmatites 4 Seam seihrt sie 7) 6 mase rocco anole granitic mo
Slide 21: Myrnas Hill Lithium Project
MYRNAS HILL LITHIUM PROJECT WESTERN AUSTRALIA Askari Metals Myrnas Hill 45/4907 ‘ASZ Interpretation of the Goldilocks Zone for ‘Wodgina 7 ss HES asonit@ 17% Li20 =) vie ae < 7 L Map showing the WA magnetic data and the AS2 interpretation of the “Goldilocks Zone” around the Myrnas Hill project. Major
Slide 22: Barrow Creek Lithium and REE Project
BARROW CREEK LITHIUM AND REE PROJECT NORTHERN TERRITORY = Extensive LCT-type pegmatites mapped and sampled Eastern Target Barrow Creek f LiProject ce age r (Core Lihium Lis (CxO) me | 7 ~~ market cap AS979Mn. <p tern gaan * Currently awaiting approval of permits to allow initial fs 8 ia drilling to
Slide 23: Red Peak REE Project
RED PEAK REE PROJECT WESTERN AUSTRALIA Ica anniv Vf] a hes : GAR) x eon Tee sos snarl els based on | Helum deta WJ we SE ests pom treo a m 1AS2 Sampling - Jan 2022) ' 3 & ‘Map showing the Red Peak Project with Rare Earth Element (REE) targets identiiod using Aster-Hyperspoctral data analysis as well
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: 10 August 2023 Extensive Soil Geochemical Survey Completed ot Callawa 6 July 2023 Extensive REE Auger Sampling Campoign Completed at Red