Askari Metals Limited · ASX:AS2
Askari Metals — Mining Indaba 2026 and 121 Mining Investment Cape Town 2026
36 slides from Askari Metals's conference presentation, Feb 9, 2026
Slide 1: Askari Metals Corporate Presentation - Mining Indaba and 121 Cape Town
ASX: AS2 ASX ANNOUNCEMENT I 9 February 2026 ASKARI METALS CORPORATE PRESENTATION MINING INDABA | 121 MINING INVESTMENT CAPE TOWN 2026 For personal use only Askari Metals Limited (ASX: AS2, ‘Askari’ or ‘Company’) advises that senior Board and management representatives will attend key investor and in
Slide 2: Frontier Exploration: Gold, Copper and Critical Metals in Africa
For personal use only FRONTIER EXPLORATION GOLD, COPPER AND CRITICAL METALS IN AFRICA SOUTHERN AFRICAN FOCUSED EXPLORATION – LEVERAGED FOR DISCOVERY INVESTOR PRESENTATION // February 2026
Slide 3: Disclaimer
DISCLAIMER For personal use only 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 activit
Slide 4: Experienced Board in Resources and Africa
EXPERIENCED BOARD IN RESOURCES AND AFRICA Capital Structure Mr Robert Downey Mr Gino D’Anna For personal use only CHAIRMAN EXECUTIVE DIRECTOR 770.4M $0.015 $11.6M Mr Downey was admitted as a barrister and solicitor of the Mr D’Anna has significant primary and secondary capital markets Shares on Shar
Slide 5: Exploration Team Bolstered with Precious Metals Experts
EXPLORATION TEAM BOLSTERED WITH PRECIOUS METALS EXPERTS Bonifacius Katanga SENIOR EXPLORATION GEOLOGIST For personal use only Brings extensive critical minerals experience, including direct experience exploring for LCT pegmatites on the Cape Cross – Uis belt. Previously employed as an Exploration Ge
Slide 6: Investment Summary - Nejo Gold Project
INVESTMENT SUMMARY − NEJO GOLD PROJECT For personal use only Proven high-grade Low geological Tier-1 geological Located on the gold mineralisation risk + significant setting spanning highly prospective in historic drilling exploration upside 1,174km2 in Arabian-Nubian and trenching Central Western S
Slide 7: Clear Strategy to Build a Tier-1 Gold Portfolio in Ethiopia
CLEAR STRATEGY TO BUILD A TIER-1 GOLD PORTFOLIO IN ETHIOPIA For personal use only BUILDING A TIER-1 GOLD PORTFOLIO IN ETHIOPIA The Tulu Dimtu Shear Zone Focus is on high-impact, Drilling to be undertaken Targeting mineralised Advance projects using located in Central Ethiopia within low-cost explora
Slide 8: Growth Strategy for Nejo Gold Project
GROWTH STRATEGY FOR NEJO GOLD PROJECT For personal use only Development and Production Scalable Resource Potential • Strategic development and active and Robust Economics partnerships to drive the Nejo Gold Project forward Targeted Exploration • Nejo Gold Project surrounds the 1.7-million- • Strateg
Slide 9: Nejo Gold Project, Ethiopia
For personal use only NEJO GOLD PROJECT, ETHIOPIA 8
Slide 10: Arabian Nubian Shield: Prolific Belt of World Class Mineral Endowment
ARABIAN NUBIAN SHIELD PROLIFIC BELT OF WORLD CLASS MINERAL ENDOWMENT One of the final unexplored mineral rich frontier belts • Located in the central-western Arabian-Nubian Shield For personal use only Centamin (Sukari) – 11 m oz Au (ANS), a Neoproterozoic continental block formed during Barrick (Ja
Slide 11: Nejo Gold Project: Brownfields Gold Exploration, High-Grade
NEJO GOLD PROJECT BROWNFIELDS GOLD EXPLORATION, HIGH-GRADE 100% Ownership of Large-Scale, Advanced Nejo Gold Project, in Ethiopia For personal use only • Nejo Gold Project spans 1,174km2 in Central Western Ethiopia on the highly prospective Arabian-Nubian Shield, one of the last underexplored minera
Slide 12: Nejo Gold Project: Extensive Exploration History
NEJO GOLD PROJECT BROWNFIELDS GOLD EXPLORATION, HIGH-GRADE Extensive Exploration History • Over ~60km of prospective strike along the Tulu Dimtu Shear Belt hosting several high-grade multi-million-ounce deposits and discoveries For personal use only • Robust historical data including drilling, trenc
Slide 13: Guji, Komto 1 and Komto 2 Targets - Drill Ready
NEJO GOLD PROJECT GUJI, KOMTO 1 AND KOMTO 2 TARGETS – DRILL READY Drill ready targets • Guji, For personal use only • Komto 1, and • Komto 2 Historically completed survey • Extensive soil geochemical sampling survey has been historically completed Heavily underexplored • Drilling and trenching has b
Slide 14: Soil Geochemical Sampling Points to More Targets
NEJO GOLD PROJECT SOIL GEOCHEMICAL SAMPLING POINTS TO MORE TARGETS Significant exploration upside • Soil geochemical sampling and geophysics suggests significant exploration upside exists and more targets are yet to be identified beyond For personal use only those already known Low-cost, high-impact
Slide 15: Uis Project, Namibia
For personal use only UIS PROJECT, NAMIBIA 14
Slide 16: Critical Metals Exploration
CRITICAL METALS EXPLORATION • Namibia is heavily under-explored for tin, tantalum, lithium and other critical minerals For personal use only • Uis Project benefits from access to key infrastructure, 230km away from the deepwater port of Walvis Bay, on the doorstep of the Uis Tin Mine (Andrada Mining
Slide 17: Exploration Snapshot: EPL7345 Trenching Phase
EXPLORATION SNAPSHOT EPL7345 Trenching Phase 1 • Overview of Trenching Program For personal use only Focused on four high-priority pegmatite targets: OP, DP, PS, and o K9. o Located within the "corridor of interest." o Investigated typical features of fertile LCT (Lithium-Cesium- Tantalum) pegmatite
Slide 18: Exploration Snapshot: EPL7345 Trenching Phase
EXPLORATION SNAPSHOT EPL7345 Trenching Phase 1 • PS Target Andrada OP Mine For personal use only o Systematic trenching on a 40-meter grid, 14 trenches totalling 272m. o Previous rock chip sampling indicated Li₂O up to 3.05%. o 5 RC drill holes revealed intercepts such as 2m at 0.35% Li₂O. o Previou
Slide 19: Exploration Snapshot: EPL 7345 Rock Chip Sampling
EXPLORATION SNAPSHOT EPL 7345 For personal use only • 1,163 rock chip samples were collected across multiple phases of exploration. Sampling focused on exposed pegmatites and included areas of historical artisanal workings previously mined for tin and semi-precious stones • Results were highly encou
Slide 20: Uis Project: Kestrel Pegmatite Target
UIS PROJECT: KESTREL PEGMATITE TARGET Kestrel Pegmatite For personal use only Sample Ta2O5 Easting Northing Lithology Li2O % SnO2 % ID ppm K3519 472449 7639906 Pegmatite 1.77 0.02 144 K3520 472449 7639905 Pegmatite 2.88 0.04 300 K3521 472449 7639905 Pegmatite 2.97 0.09 346 K3522 472450 7639905 Pegma
Slide 21: Hyperspectral Study (Regolith Mapping)
HYPERSPECTRAL STUDY (REGOLITH MAPPING) Regolith Mapping Regolith domains were mapped using high-resolution hyperspectral data from the Maxar WorldView-3 satellite. For personal use only These maps are currently undergoing field verification to validate their accuracy. The data obtained will be utili
Slide 22: Hyperspectral Study (Target Generation)
HYPERSPECTRAL STUDY (TARGET GENERATION) Hyperspectral Analysis EPL 8535 EPL 7345 For personal use only o Identification of key pegmatite targets: OP, DP, PS, K9, GP, EVE, MW, K10, Zebedeus-1, Tawny, Martial and Kestral o High resolution (~1.25m) Maxar WorldView-3 Satellite imagery acquired in additi
Slide 23: Thank You
For personal use only Thank You... For further information, please contact: Mr Gino D’Anna Jessica Fertig Executive Director Investor Relations Askari Metals Limited Askari Metals Limited M +61 400 408 878 M +61 408 855 855 E gino@askarimetals.com E jessica@taumedia.com.au ASKARIMETALS.COM // ASX:AS
Slide 24: Other Projects: Adola Greenstone Belt Projects, Ethiopia
For personal use only OTHER PROJECTS: ADOLA GREENSTONE BELT PROJECTS, ETHIOPIA 23
Slide 25: Adola Greenstone Belt Gold Projects: Complementary Exploration
ADOLA GREENSTONE BELT GOLD PROJECTS COMPLEMENTARY EXPLORATION • The Adola Greenstone Belt (AGB) located in southern Ethiopia is a Neoproterozoic geological feature formed For personal use only during the Pan African orogeny (850 – 550 Ma) • The AGB exhibits a long history of gold production (mainly
Slide 26: Adola Greenstone Belt Gold Projects: A Premium Landholding
ADOLA GREENSTONE BELT GOLD PROJECTS A PREMIUM LANDHOLDING • Binding agreement to acquire 100% of Rift Valley Resources For personal use only • Owner of 5 projects held under 3 licence applications • Premium project portfolio • 460km2 of strategic landholding within the Adola greenstone belt • On tre
Slide 27: Project Area: Lega Dembi South & Sakaro
PROJECT AREA: LEGA DEMBI SOUTH & SAKARO Two Contiguous Brownfields Projects Images: An exposure of an artisanal mining pit at the Lega • Neighbouring the 2.5m oz Lega Dembi open pit and the 600k oz (@ Dembi South Project showing For personal use only >14g/t) Sakaro operation deformed white quartz ve
Slide 28: Project Area: Sakaro West
PROJECT AREA: SAKARO WEST Sakaro West • Located west of Sakaro and Lega Dembi South projects For personal use only • Covers highly prospective geology Images: Swarms of milky-white quartz stringers form stockworks within highly altered host rock, crosscut by multiple fractures, which are prospective
Slide 29: Project Area: Megado
PROJECT AREA: MEGADO Megado Project – in the heart of the Adola Belt • Centrally located, prospective geology, on For personal use only trend and centrally located within the main mineralized corridor between large multi million oz gold deposits • 24km south of Lega Dembi and Sakaro mines • 34km nor
Slide 30: Project Area: Wayu Boda
PROJECT AREA: WAYU BODA Wayu Boda – Previously held by Alecto Minerals Plc • Had an earn in agreement with Centamin For personal use only • Historic exploration in the close proximity to Wayu Boda licences: • Rock chip grades up to 47 g/t, • Trench results: 14m @ 0.4 g/t incl. 3.6m @ 1.5 g/t, 1.3m @
Slide 31: Country Overview: Ethiopia
For personal use only COUNTRY OVERVIEW: ETHIOPIA 30
Slide 32: Ethiopia: Modern Capital, Open for Business
ETHIOPIA ADDIS ABABA – MODERN CAPITAL…OPEN FOR BUSINESS Ethiopia • One of the top five host economies of foreign direct investment in For personal use only Africa, attracting $4.1 billion investments in 2021 • Invested 10% of its GDP in infrastructure development―the highest percentage in Africa • P
Slide 33: Ethiopia: Stimulating the Private Sector and Promoting Investment
ETHIOPIA STIMULATING THE PRIVATE SECTOR AND PROMOTING INVESTMENT Licensing reforms introduced for exploration and mining “Country Risk Rating is better than most African For personal use only Africa Finance Corporation (AFC) granted gold producing countries.” PM Abiy Ahmed Country Membership to faci
Slide 34: Ethiopia: Heavily Underexplored in a Fertile Greenstone Belt
ETHIOPIA HEAVILY UNDEREXPLORED IN A FERTILE GREENSTONE BELT CRATON SIZE COMPARISON For personal use only Geological similarity with Western Australia ARABIAN PLATE AUSTRALIA indicative of potential Current mineral exports in Ethiopia are under US$1bn, versus WA’s US$165bn Arabian-Nubian Shield is on
Slide 35: ASX Compliance
ASX COMPLIANCE References to Previous ASX Announcements In preparing this presentation, the Company relied on the following ASX announcements: 15 April 2025 Extensive High-Grade Tin and Tantalum Mineralisation at Uis For personal use only 6 May 2025 Uis Project Delivers More High-Grade Tin and Tanta
Slide 36: Caution Regarding Forward-Looking Information
CAUTION REGARDING FORWARD-LOOKING INFORMATION This document contains forward-looking statements concerning Askari Metals Limited. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward-looking statement
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