Askari Metals Limited · ASX:AS2
Askari Metals — Investor Presentation (November 2022)
43 slides from Askari Metals's investor presentation, Nov 30, 2022
Slide 1: Askari Metals Limited: Critical Battery Metals Exploration
Askari Metals Limited Critical Battery Metals Exploration Namibia and Australia Clean Energy for the Future November 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) 56,279,122 10 Bolivianos Pty Ltd (entity controlled by Niv Dagan) 11.39% Share Price (as at 25 November 2022) A$0.43 Mr Gino D’Anna 11.14% Market Cap (undiluted) A$24.2
Slide 4: Why? Askari Metals Limited
Why? Askari Metals Limited ▪ Committed to ▪ Australian and ▪ Uis Lithium Project, ▪ The world lithium ▪ High quality developing its Namibian focused Namibia represents a market requires spodumene projects and critical battery high-quality exponential growth concentrate, managing the metals explorati
Slide 5: Critical Battery Metals Exploration
Critical Battery Metals Exploration ▪ Uis Lithium Project, Namibia – covers an area of 113 km2 in the safe mining friendly jurisdiction of Namibia, Africa ▪ Located less than 2.5 km from the operating Uis Mine owned by AfriTin Mining plc (LSE. ATM) which has a JORC (2012) Mineral Resource of 71.54Mt
Slide 6: Critical Battery Metals Exploration
Critical Battery Metals Exploration Eastern Pilbara Lithium Portfolio (100% owned) ▪ Yarrie Lithium Project – significant footprint of >1,900km2 in the highly prospective eastern Pilbara Lithium hotspot ▪ hyperspectral survey resulted in multiple high priority targets which have been field tested ▪
Slide 7: Uis Lithium Project, Namibia
Uis Lithium Project, Namibia ~ A major battery metals project in the making ~ ~ Safe operating jurisdiction in a mining friendly environment ~ ~ Walvis Bay, deep water port <230km by existing sealed roads ~ ~ >80 mapped pegmatites with an abundance of visible spodumene ~ ~ High-grade lithium, tin, t
Slide 8: Uis Lithium Project, Namibia (AS2 – 90%)
Uis Lithium Project, Namibia (AS2 – 90%) ▪ Located less than 2.5 km from the operating Uis Mine owned by AfriTin Mining plc (LSE. ATM) ▪ Spodumene observed from surface with recent high-grade Lithium rock chip assay results up to 3.1% Li2O ▪ High-Grade Tin Rock Chip Assay Results up to 3.2% Sn as we
Slide 9: Uis Lithium Project: Significant Visible Mineralisation
Uis Lithium Project: Significant Visible Mineralisation Spodumene mineralisation observed in Spodumene mineralisation observed in mine workings on EPL 7345 large rocks identified at the mine workings on EPL 7345 Figures 1 and 2: Samples containing altered spodumene, coloured in pale green, collected
Slide 10: Uis Lithium Project: Significant Visible Mineralisation
Uis Lithium Project: Significant Visible Mineralisation Figure 3: Example of fresh unaltered spodumene needles identified at the Uis Project Figure 4: Photograph of rocks containing visible spodumene and during the October 2022 due diligence field sampling campaign lepidolite mineralisation collecte
Slide 11: Uis Lithium Project: High-Grade Lithium Mineralisation
Uis Lithium Project: High-Grade Lithium Mineralisation Figures 5 and 6: High-grade lithium, tin and tantalum results collected from the surface pegmatite outcrops at the Uis Project. Figure 5 refers to sampling completed by Askari Metals in October 2022. Figure 6 refers to sampling completed by LexR
Slide 12: Uis Lithium Project: High-Grade Tin and Tantalum Mineralisation
Uis Lithium Project: High-Grade Tin and Tantalum Mineralisation Figure 7: Map showing the Figure 8: Map showing tin results from the the tantalum results from sampling campaign the sampling campaign 12
Slide 13: Uis Lithium Project: Phase I RC Drilling Underway
Uis Lithium Project: Phase I RC Drilling Underway ▪ 3,500m Inaugural Exploration Drilling Campaign Underway ▪ Initial phase is part of an overall 10,000m campaign ▪ Testing high-grade lithium in rock chip results of up to 3.1% Li2O ▪ High-grade lithium results up to 2.1% Li2O in spodumene rich pegma
Slide 14: Eastern Pilbara Lithium Portfolio, Western Australia
Eastern Pilbara Lithium Portfolio, Western Australia ~ District scale opportunity strategically located leveraged to regional success ~ ~ >2,100 km2 in the eastern Pilbara close to existing deposits and new discoveries ~ ~ Major infrastructure to support future exploration and development ~ ~ Multip
Slide 15: Yarrie Lithium Project, WA (AS2 – 100%)
Yarrie Lithium Project, WA (AS2 – 100%) ▪ >1,900km2 within the highly prospective region of Pilbara, Western Australia ▪ East of Kalamazoo Resources / SQM JV Marble Bar Lithium Project ▪ Located less than 30 km north of GL1 Archer Lithium Deposit containing 10.5Mt @ 1.0% Li2O ▪ Outcropping pegmatite
Slide 16: Yarrie Lithium Project: Hyperspectral Survey
Yarrie Lithium Project: Hyperspectral Survey ▪ 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 ar
Slide 17: Yarrie Lithium Project: Target Generation
Yarrie Lithium Project: Target Generation ▪ A review of the geology revealed several structures and geological formations which may have acted as potential conduits for lithium- bearing mineralising fluids ▪ Initial geological reconnaissance identified cross-cutting pegmatite dykes in the southern p
Slide 18: Yarrie Lithium Project: Phase I Exploration
Yarrie Lithium Project: Phase I Exploration ▪ Phase I project-wide lithium exploration program resulted in more than eleven (11) target areas being generated, of which five (5) are considered high-priority based on the underlying geology, sampled anomalism and structural features ▪ Target areas are
Slide 19: Yarrie Lithium Project: Phase II Planned Exploration
Yarrie Lithium Project: Phase II Planned Exploration ▪ Phase II exploration campaign designed to identify more detailed mineralisation trends related to the lithium mineralisation ▪ Soil Auger and shallow Aircore drilling grids have been designed across each of the five (5) priority targets, with fu
Slide 20: Hillside Lithium Project, WA (AS2 - 100%)
Hillside Lithium Project, WA (AS2 - 100%) ▪ Hillside is located in the Tambourah Lithium District along strike and adjacent to Trigg E45/5966 Hill and East Curlew which is being explored by Eastern Trek Metals Resources (ASX. EFE) Spodumene identified in rock samples ▪ Exploration by EFE has identif
Slide 21: Hillside Lithium Project: Significant Mapped Pegmatites
Hillside Lithium Project: Significant Mapped Pegmatites ▪ Exploration potential of the Hillside Lithium Project is significant - is under-explored Askari Metals E45/6224 for lithium and has never been drill tested, highlighting a significant opportunity to Askari Metals make a greenfields lithium E4
Slide 22: Hillside Lithium Project: Planned Exploration Program
Hillside Lithium Project: Planned Exploration Program ▪ Further mapping of the pegmatites closest to the Trigg Hill and East Curlew project areas Askari Metals (Eastern Resources, EFE) E45/6224 ▪ Collect rock samples from Askari Metals outcrops and build a surface E45/5966 mineralisation model Easte
Slide 23: Myrnas Hill Lithium Project, WA (AS2 - 100%)
Myrnas Hill Lithium Project, WA (AS2 - 100%) ▪ Highly prospective for Lithium- Tin-Tantalum (Li-Sn-Ta) mineralisation ▪ Located ~ 50km from the world- class Pilgangoora Lithium Mine (ASX. PLS) – similar geological setting with target host rocks strongly analogous to that of the nearby world-class Pi
Slide 24: Myrnas Hill Lithium Project: Hyperspectral Targeting
Myrnas Hill Lithium Project: Hyperspectral Targeting ▪ Hyperspectral Survey identified numerous high-priority exploration targets ▪ The Hyperspectral survey generated target maps for minerals related to LCT pegmatites and compared them to known Lithium-Tin- Tantalum (Li-Sn-Ta) occurrences in the reg
Slide 25: Myrnas Hill Lithium Project: Hyperspectral Targeting
Myrnas Hill Lithium Project: Hyperspectral Targeting ▪ Hydrogen target map was used in conjunction with the “LCT Pegmatite Target Map” to identify initial exploration targets on the Myrnas Hill Lithium Project ▪ High definition satellite imagery has also identified a dyke-like feature which correlat
Slide 26: Myrnas Hill Lithium Project: Soil Auger Program
Myrnas Hill Lithium Project: Soil Auger Program ▪ Soil auger program currently underway at the Myrnas Hill Lithium Project ▪ More than 600 samples will be collected in areas identified by the Hyperspectral survey and internal geological target generation, to define priority exploration targets in an
Slide 27: Talga East Lithium Project, WA (AS2 - 100%)
Talga East Lithium Project, WA (AS2 - 100%) ▪ Talga East project is situated due south of the Yarrie Lithium Project in the Eastern Pilbara Region of WA ▪ Sits exclusively within the Company’s interpretation of the “Goldilocks Zone” for Lithium exploration ▪ Located less than 20km north of the Globa
Slide 28: Talga East Lithium Project: Planned Exploration Program
Talga East Lithium Project: Planned Exploration Program ▪ Mapping of the pegmatites to be completed ▪ Collect rock samples from outcrops and build a surface mineralisation model ▪ Follow on exploration will likely include an initial round of shallow Aircore and RC drilling ▪ Phase I exploration camp
Slide 29: Barrow Creek Lithium Project, NT
Barrow Creek Lithium Project, NT ~ Extensive LCT-type pegmatites mapped and sampled ~ ~ Currently awaiting approval of permits to allow initial drilling to commence ~ ~ Strategically positioned with neighbouring Core Lithium and Lithium Plus Minerals ~ ~ Field research program underway with UWA and
Slide 30: Barrow Creek Lithium Project, NT (AS2 – 100%)
Barrow Creek Lithium Project, NT (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 confirmed the p
Slide 31: Barrow Creek NW Area: Phase I Exploration
Barrow Creek NW Area: Phase I Exploration ▪ Identified outcropping LCT-type pegmatites up to 817ppm Li2O identified ▪ Demonstrating exploration in the right geological formations with fertile LCT pegmatites identified, supporting the prospectivity of the Barrow Creek project area ▪ Identified a Mine
Slide 32: Barrow Creek NW Area: Hyperspectral + Phase I Field Program
Barrow Creek NW Area: Hyperspectral + Phase I Field Program ▪ 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-Cs-Rb enriched pegmatites are considered part of zoned LCT
Slide 33: Barrow Creek NW Area: Phase II Exploration (Soil Samples)
Barrow Creek NW Area: Phase II Exploration (Soil Samples) ▪ Phase II detailed soil sampling campaign completed at the NW project area identified significant surface strike extensions of the fertile pegmatite zones ▪ Results identified zones of elevated Lithium mineralisation associated with Caesium
Slide 34: Barrow Creek NW Area: Phase II Exploration (Rock Samples)
Barrow Creek NW Area: Phase II Exploration (Rock Samples) ▪ Phase II detailed rock sampling campaign validated the interpreted strike extension of fertile pegmatite zones ▪ Interpreted lithium mineralisation strike length extended to 3km ▪ Results identify elevated lithium anomalism associated with
Slide 35: Barrow Creek SE Area: Phase III Exploration
Barrow Creek SE Area: Phase III Exploration ▪ Tested exposed pegmatites with 69 rock samples collected over a 6.2 km strike length ▪ A zone of outcropping and sub- cropping pegmatites have been mapped and sampled along a 5km corridor ▪ The Southern area of pegmatites (Area “A”) returned results incl
Slide 36: Barrow Creek SC Area: Phase IV Exploration
Barrow Creek SC Area: Phase IV Exploration ▪ Sampling campaign completed at the SC area designed to identify and sample outcropping pegmatites in a previously unexplored area ▪ Significant 2km x 1km pegmatite field identified ▪ Multiple pegmatites were investigated and sampled ▪ Pegmatites vary in w
Slide 37: Red Peak REE Project, WA
Red Peak REE Project, WA ~ Located in the highly sought after Gascoyne Region of WA ~ ~ Adjacent to and along strike of Krakatoa Resources Limited – Mt Clere REE Project ~ ~ Initial sampling of the pegmatites has confirmed REE mineralisation ~ ~ Soil auger program to confirm REE mineralisation in en
Slide 38: Red Peak REE Project (AS2 -100%) – REE + Li
Red Peak REE Project (AS2 -100%) – REE + Li ▪ Located 130km NW of Meekatharra in the Gascoyne region of WA ▪ 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 strike lengths
Slide 39: Red Peak REE Project: REE Sampling Program
Red Peak REE Project: REE Sampling Program ▪ Field exploration has identified numerous areas which are highly anomalous for REE mineralisation including elements of Lanthanum, Cerium, Praseodymium, Neodymium and Europium ▪ Neodymium and Europium are classified as “Critical” according to the US Depar
Slide 40: Red Peak REE Project: Hyperspectral Targeting
Red Peak REE Project: Hyperspectral Targeting ▪ Multiple exploration targets were identified using known REE occurrences to characterise the spectral signature of potential REE indicators within the area ▪ Helium is a critical REE indicator because it is derived from the decay of uranium, which is o
Slide 41: Red Peak REE Project: TREO and Planned Exploration
Red Peak REE Project: TREO and Planned Exploration ▪ Historical exploration by BHP Minerals and Astro Mining in the 1990s confirmed the presence of enriched monazite sands ▪ The main targets for REE exploration in the area are clay- based and the monazite soils in the regolith ▪ Planning a wide-scal
Slide 42: Investment Summary
Investment Summary Focused Exploration Clean Energy Focus Battery Metals super- Demand Deficit ▪ Battery metals (Li + ▪ Commitment to cycle ▪ Adoption of EVs REE) explorer – future exploration ▪ Timing, location and around the globe leveraged to strong and development in commodity – ideal means Lith
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
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