Askari Metals Limited · ASX:AS2
Askari Metals — APAC 121 Conference (March 2022)
43 slides from Askari Metals's conference presentation, Mar 11, 2022
Slide 1: Askari Metals Limited
Askari Metals Limited Focused Battery Metals and Gold Explorer Northern Territory and Western Australia March 2022
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: Corporate Snapshot
Corporate Snapshot Shares on issue and market capitalisation Top shareholders Shares on issue (ASX: AS2) (incl. escrowed holdings) 50,495,025 10 Bolivianos Pty Ltd (entity controlled by Niv Dagan) 12.67% Share Price (as at 10 March 2022) A$0.375 Mr Gino D’Anna 10.02% Market Cap (undiluted) A$18.9 mi
Slide 4: Why? Askari Metals Limited
Why? Askari Metals Limited ▪ Committed to ▪ Australian ▪ Battery metals ▪ The world lithium ▪ High quality developing its focused battery focused explorer and market requires spodumene projects and metals (Li + Cu) developer exponential concentrate, managing the explorer – ▪ High-Grade Li + Cu growt
Slide 5: Battery Metals – Cleaner & Greener
Battery Metals – Cleaner & Greener ▪ Australian focused battery metals (Li + Cu) explorer – leveraged to strong global outlook for key metals ▪ Highly prospective projects in jurisdictions with proven geology and mineralisation ▪ Yarrie Lithium Project, in the eastern Pilbara lithium hot spot presen
Slide 6: Targeting Battery Industry Metals
Targeting Battery Industry Metals ▪ Yarrie Lithium Project – significant footprint of >1,700km2 in the highly prospective eastern Pilbara Lithium hotspot ▪ hyperspectral survey resulted in multiple high priority targets which will be field tested as soon as possible ▪ along strike of the Marble Bar
Slide 7: Project sample photos
Figure 1: Malachite copper staining in surface rock samples Figure 2: Historic workings at the Horry Horse area, Horry at Callawa Copper Project Copper Project Figure 3: Pegmatite dyke at the Barrow Creek Lithium Project Figure 4 (left): Whole rock sample collected from Red Peak Lithium Project; LBS
Slide 8: Yarrie Lithium Project, WA (AS2 – 100%)
Yarrie Lithium Project, WA (AS2 – 100%) ▪ Yarrie Lithium Project - analogues to the Wodgina and Pilgangoora world- class lithium projects ▪ Covers an area of 1,711km2 within the highly prospective region of Pilbara, Western Australia, location of some of the world’s largest lithium deposits ▪ Border
Slide 9: Yarrie Lithium Project, WA
Yarrie Lithium Project, WA ▪ Located less than 30 km north of GL1 Archer Lithium Deposit containing 10.5MT @1.0% Li2O ▪ Lithium bearing pegmatites have been found largely within mafic sequences in contact with granitic intrusives at Pilgangoora, Wodgina and Mt Francisco in the eastern Pilbara ▪ Stro
Slide 10: Yarrie Lithium Project, WA
Yarrie Lithium Project, WA ▪ Hyperspectral survey identified multiple high priority exploration targets across the tenement area ▪ Major structures directly along strike from GL1 Archer Deposit warrant accelerated exploration ▪ Significant target located on the northern tenement area ▪ Multiple outc
Slide 11: Yarrie Lithium Project, WA
Yarrie Lithium Project, WA ▪ Major Targets have been identified, with one area measuring a staggering ~88km2 ▪ Hyperspectral survey generated imagery of minerals related to LCT pegmatites and compared them to Sn- Ta-Li occurrences as an indicator for potential lithium mineralisation 11
Slide 12: Barrow Creek Lithium Project, NT (Option AS2 – 100%)
Barrow Creek Lithium Project, NT (Option AS2 – 100%) ▪ Barrow Creek Lithium Project covers an area of 278km2 in the Northern Arunta Pegmatite Province of Central Northern Territory ▪ Highly prospective for Lithium-Tin-Tantalum (Li- Sn-Ta) mineralisation ▪ Initial reconnaissance sampling has confirme
Slide 13: Barrow Creek Lithium Project, NT
Barrow Creek Lithium Project, NT ▪ Hyperspectral survey has identified multiple high priority exploration targets in the NW of the tenement area ▪ Multiple outcropping pegmatites have also been identified elsewhere across the project area ▪ High Priority targets correlate strongly with fertile pegma
Slide 14: Barrow Creek Lithium Project, NT
Barrow Creek Lithium Project, NT ▪ Outcropping LCT-type pegmatites up to 817ppm Li2O identified ▪ Significant milestone demonstrating exploration in the right geological formations with fertile LCT pegmatites identified, supporting the prospectivity of the Barrow Creek project area ▪ Identified a Ne
Slide 15: Barrow Creek Lithium Project, NT
Barrow Creek Lithium Project, NT ▪ Fertility of the LCT pegmatites warrant further systematic exploration of the area ▪ Sampling demonstrated elevated results for Caesium (Cs), Tantalum (Ta), Rubidium (Rb) and Niobium (Nb) – essential trace elements in the LCT pegmatite structures ▪ The sampled Li-C
Slide 16: Barrow Creek Lithium Project, NT
Barrow Creek Lithium Project, NT ▪ Soil samples were collected in areas where the soil demonstrated an original granite origin and are believed to be in situ ▪ Samples were collected in lines spaced about 400m apart, with individual samples being collected at 50m intervals along the lines ▪ A total
Slide 17: Barrow Creek Lithium Project, NT
Barrow Creek Lithium Project, NT ▪ A total of 119 rock samples were collected in the target area ▪ Majority focusing on the north-eastern portion of the project ▪ Rock samples were collected by inspecting all rock outcrops in the area. If pegmatitic veins or dykes were identified, samples were colle
Slide 18: Red Peak Lithium Project, WA (AS2 – 100%)
Red Peak Lithium Project, WA (AS2 – 100%) ▪ Red Peak Lithium Project located 130km NW of Meekatharra with good road access ▪ Covers an area of approximately 350km2 ▪ has been extensively mapped with at least eleven (11) significant pegmatites identified ▪ many of the pegmatites have been mapped with
Slide 19: Red Peak Lithium Project, WA
Red Peak Lithium Project, WA ▪ Contained mainly in the Archean Yarlarweelor Gneiss Complex and Moorarie Supersuite granites ▪ Previous exploration noted that pegmatites are concentrated along the northern margin of the Yarlarweelor Gneiss Belt near the contact with major bodies of Proterozoic granit
Slide 20: Red Peak Lithium Project, WA
Red Peak Lithium Project, WA ▪ The results of the LIBS test work has confirmed the presence of lithium- bearing minerals, namely Zinnwaldite, Holmquistite and Spodumene ▪ There is significant exploration upside at the Red Peak project, given the prior focus on gold and base metal mineralisation 20
Slide 21: Red Peak Lithium Project, WA
Red Peak Lithium Project, WA ▪ Samples collected during recent field exploration program at Red Peak 21
Slide 22: Horry Copper Project, WA (AS2 – 100%)
Horry Copper Project, WA (AS2 – 100%) ▪ Located about 90km from Halls Creek within the deformed and mineralized Halls Creek Mobile Belt bounding the eastern edge of the Kimberley Craton ▪ Highly prospective for copper-gold mineralisation ▪ Located along the same structural trend as the Halls Creek C
Slide 23: Horry Copper Project, WA
Horry Copper Project, WA ▪ Several historic copper and gold workings have been identified in the project area, including: ▪ Horry Horse and Leo workings - historically mined structurally controlled copper and gold mineralisation within a shear, and vein hosted copper lode with associated gold minera
Slide 24: Horry Copper Project, WA – Phase I Horry Horse Area
Horry Copper Project, WA Phase I Exploration Program – Horry Horse Area ▪ High grade copper results from the Horry Horse area including 3.67% Cu, 3.13% Cu and 1.12% Cu ▪ mapped over a strike length of more than 400m remaining open to the northeast and southwest ▪ Copper mineralisation is further sup
Slide 25: Horry Copper Project, WA – Northern Gold Prospects
Horry Copper Project, WA Phase I Exploration Program – Northern Gold Prospects ▪ Excellent gold results from rock chip samples, including: ▪ 13g/t Au from the area north of Martin’s find-South; and ▪ 5.6g/t and 1.09g/t Au from the Mt Dockrell tailings historic site identifying a potential localised
Slide 26: Horry Copper Project, WA – Phase II Horry Horse Area
Horry Copper Project, WA Phase II Exploration Program – Horry Horse Area ▪ High-grade results including: ▪ 8.5% Cu with 0.71 g/t Au and 42 g/t Ag ▪ 3.7% Cu with 0.63 g/t Au and 12 g/t Ag ▪ 1.0% Cu with 5 g/t Ag ▪ Copper mineralisation is visible on surface as Malachite in a shear and has been mapped
Slide 27: Horry Copper Project, WA – Phase II Northern Gold Prospects
Horry Copper Project, WA Phase II Exploration Program – Northern Gold Prospects ▪ Sample from a creek bed on the contact of dolerite and adjacent sediments returned 5.20 g/t Au ▪ Outcropping malachite (copper) mineralisation in a shear, hosting quartz boudins, was also discovered in the north of the
Slide 28: Callawa Copper Project, WA (AS2 – 100%)
Callawa Copper Project, WA (AS2 – 100%) ▪ Located 85km northeast of Marble Bar in the Ashburton Goldfields of Western Australia ▪ Minimal exploration activities: ▪ In 2006, a total of five samples taken along the exposed interval returned an average of 11.1% Cu ▪ Rock-chip results of 9.4% Cu, 7.63%
Slide 29: Callawa Copper Project, WA
Callawa Copper Project, WA ▪ High-grade copper has been encountered during the initial mapping and sampling program, with the strike remaining open in all directions, including: ▪ 6.78% Cu in sample AS201597 ▪ 4.35% Cu in sample AS201665 ▪ 2.02% Cu in sample AS201611 ▪ 1.85% Cu in sample AS201666 ▪
Slide 30: Gold Projects – Priority Focus During Times of Uncertainty
Gold Projects – Priority Focus During Times of Uncertainty ▪ Australian focused gold projects in areas of high prospectivity and very low jurisdictional risk – leveraged to a key metal suite in times of material economic uncertainty ▪ Burracoppin Gold Project in the eastern Wheatbelt of WA has demon
Slide 31: Burracoppin Gold Project, WA (AS2 - 100%)
Burracoppin Gold Project, WA (AS2 - 100%) ▪ The Burracoppin Project is located approximately 20km east of Merredin and 15km west of the Edna May Gold Mine in the eastern wheat belt of WA ▪ The project is easily accessible from Merredin using the Great Eastern Highway - the Burracoppin South Road cro
Slide 32: Burracoppin Gold Project, WA
Burracoppin Gold Project, WA ▪ Phase I RC drill program consisted of seventeen holes drilled in four main areas targeting local strike, and dip extensions of the mineralised lodes mined historically ▪ Two regions distant from the main workings were also targeted (west of Benbur and the South-Eastern
Slide 33: Burracoppin Gold Project, WA
Burracoppin Gold Project, WA ▪ Significant shallow high-grade gold mineralisation has been encountered in Phase I drilling at Burracoppin with assay results including: ▪ Benbur West Area – Below historic leach pad ▪ 4m @ 4.27 g/t Au from 25m in ABRC010, including 2m @ 7.88 g/t Au from 25m; and 1m @
Slide 34: Burracoppin Gold Project, WA
Burracoppin Gold Project, WA ▪ Phase II RC drilling completed - a total of 13 holes for approximately 1,300m of RC drilling ▪ Potential strike length of mineralisation extended to more than 2.4km ▪ The main target was an untested zone of mineralisation to the West of the historic workings as identif
Slide 35: Burracoppin Gold Project, WA
Burracoppin Gold Project, WA ▪ Review of the geomagnetic dataset suggests the potential for untested mineralised structures near the historical mineralised trend ▪ De-magnetised zones associated with structures within the geomagnetic data are also potential areas for further exploration 35
Slide 36: Mt Maguire Gold Project, WA (AS2 – 100%)
Mt Maguire Gold Project, WA (AS2 – 100%) ▪ The Mt Maguire project is located within the Pilbara Craton in Western Australia ▪ Gold and base metal mineralization is generally associated with ▪ The tenement is prospective for Gold, structurally controlled quarts veins – shallow RAB drilling has Base M
Slide 37: Mt Maguire Gold Project, WA
Mt Maguire Gold Project, WA ▪ A small amount of historic drilling on Mt Maguire has identified an anomalous gold zone, but the tenement remains largely untested by modern exploration methods, which presents Askari Metals with significant exploration potential ▪ Gold mineralisation intersected in his
Slide 38: Mt Maguire Gold Project, WA
Mt Maguire Gold Project, WA ▪ Multiple untested structures exist at the Mt Maguire project ▪ Literature review highlights the potential for gold and base metal mineralisation ▪ Planned field program to commence in Q2 of 2022 ▪ Historical exploration only focused on a small discrete area leaving sign
Slide 39: Springdale Copper-Gold Project, NSW (AS2 – 100%)
Springdale Copper-Gold Project, NSW (AS2 – 100%) ▪ Located 16km west of the town of Temora – NSW ▪ Several historic gold mines located along N-S trending structures associated with the Springdale fault zone, which is a N-S splay off the major crustal scale Gilmore Suture zone 5km to the south ▪ The
Slide 40: Springdale Copper-Gold Project, NSW
Springdale Copper-Gold Project, NSW ▪ Springdale Project covers more than 30km strike of fertile volcanic and sedimentary stratigraphy ▪ Springdale area has previously produced high- grade gold from artisanal mining, with more than 20 separate workings through the tenement area associated with gold-
Slide 41: Value Catalysts and Key Drivers for 2022
Value Catalysts and Key Drivers for 2022 Burracoppin Gold Project ▪ Ongoing RC and Diamond Drilling – Phase II recently completed and Phase III due to commence in Q2 of 2022 ▪ Soil auger geochemistry program to define the extensions of the mineralising gold structures ▪ Metallurgical testwork ▪ Assa
Slide 42: Investment Summary
Investment Summary Australian Focused Clean Energy Focus Battery Metals super- Demand Deficit ▪ Battery metals (Li ▪ Commitment to cycle ▪ Adoption of EVs + Cu) and gold future exploration ▪ Timing, location around the globe explorer – and development and commodity - means Lithium leveraged to in a
Slide 43: Contacts
Contacts For further information, please contact: Mr Gino D’Anna Mr Rod North, Managing Director Executive Director Bourse Communications Pty Ltd Askari Metals Limited E: rod@boursecommunications.com.au E: gino@askarimetals.com M: +61 408 670 706 M: +61 400 408 878 Mr Johan Lambrechts VP Exploration