Askari Metals Limited · ASX:AS2
Askari Metals — Investor Presentation (March 2024)
24 slides from Askari Metals's investor presentation, Mar 5, 2024
Slide 1: Investor Presentation
ASKARI\’ Investor Presentation “African Focused Clean Energy Critical Battery Metals Exploration for a Clean Energy Future Namibia and Tanzan ia
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 activites. It does not consti
Slide 3: Recent and Major Highlights
ECENT AND MAJOR HIGHLIGHTS Flagship Uis Lithium Project, Namibia The Uis Lithium Project in Namibia is located on a highly mineralised, spodumene and petalite rich pegmatite belt: * Namibia is mining friendly and heavily under-explored for lithium * Grades up to 3.3% Li, from initial reconnaissance
Slide 4: Southern Tanzania — Building a World Class Uranium Portfolio
SOUTHERN TANZANIA — BUILDING A WORLD CLASS-URANIU Askari is building a worldclass uranium portfolio in Southern Tanzania, a heavily under-explored region for uranium Historic exploration within this emerging Tier-1 uranium province ceased in March 301 1 due to the Fukushima disaster and the subseque
Slide 5: Matemanga Uranium Project, Tanzania
MATEMANGA URANIUM PROJECT, TANZANIA = rs : = soe * 100% ownership of Matemanga Uranium Project 7 sen nan f spanning more than 260km? in highly prospective area _ es Mara mine (Aue! f Tk i w of tanzania os Ma rebanfa on cu) nf aN) pHa * Local Tanzanian partners working to fasttrack direct ‘ \ Since T
Slide 6: Radiometric Data Highlights Significant Exploration Potential
RADIOMETRIC DATA HIGHLIGHTS SIGNIFICANT EXPLORATION POTENDIAL Map depicting Uranex’s 3,000km? airborne radiometric survey X 7 conducted in 2006 over their Mkuje Project licence area, comprising 12,165 lines with line spacings of either 200m or ASKARI 400m. [3 Niew apptication Uranium Projects ° 10 2
Slide 7: Regional geology of the Matemanga Project
00000 ‘aor00 ‘9200000 i; Dar es Salaam fan Legend — Faults; transform faults A Thust = Faults, infeed Geological contacts (Quaternary cover deposits Tartiary marine and fal sediments Cretaceous marine & continental sediments surassic marine & continental sediments roo Superaroup Dvdoma erstaline com
Slide 8: Matemanga — Building a World Class Uranium Portfolio
MATEMANGA — BUILDING A WORLD CLASS URANIUM = <> BUILDING A WORLD- (0) my Or & CLASS URANIUM ORTFOLIO —— Focus is on high- Drilling to be Targeting Karoo Advance projects PORTFOLIO IN impact, lowcost undertaken where sandstones that are using the African- SOUTHERN TANZANIA exploration campaigns warra
Slide 9: Namibia is heavily underexplored for lithium and other critical minerals
Namibia is heavily underexplored for lithium and other critical minerals Uis Lithium 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 Ltd) systematic, focused exploration has identified scalable
Slide 10: Phase One will systematically test OP, PS, DP and K9 pegmatites
* Phase One will systematically test OP, PS, DP and K9 pegmatites, using >200 trenches across nearly 8,000m " Newly discovered K9 pegmatite target displays visible spodumene and has not been previously sampled or drill tested = OP pegmatite target has been trenched, mapped and sampled with a strike
Slide 11: Targeted Trenching Campaign Well Advanced
TARGETED TRENCHING CAMPAIGN WELL ADVANCED a a a " >. tf Figure 3: Excavator trenching OP-17 Figure 4: Clearing OP-T19 trench for sampling
Slide 12: Highly-Prospective OP Pegmatite Target
HIGHLY-PROSPECTIVE OP PEGMATITE TARGET Surface mapping ‘Trench mapping N HE Peomatite (J quate ©P Trench mapped 0 125 20 Soom —w. - J Quanzite HE schist pegmatite os ASKARI . ASX:AS2 EXPLORATION UPDATE Remapping of OP pegmatite is far more extensive than originally understood Estimated surface strik
Slide 13: Targeted Trenching Campaign Well Advanced
TARGETED TRENCHING CAMPAIGN WELL ADVANCED
Slide 14: Exploration Snapshot
EXPLORATION SNAPSHOT Summary of work completed to date: * Mapping and rock chip sampling completed on both EPL7345 and 8535 "Two phases of RC drilling completed on EPL7345 and one phase of RC drilling on EPL8535 + EPL7345 * 1,050 rock chip samples * Phase 1 RC: 59 holes for 3,017m (846 samples) * Ph
Slide 15: Results to Date
RESULTS TO DATE Notable rock chip results to date: v Map showing the interpre interest along with notable LO ASKARI assays received to date. ASX:AS2 // EXPLORATION UPDATE
Slide 16: Spodumene enriched zone / Quartz core zone
▪ ▪ ▪ ▪ Spodumene enriched zone Quartz core zone
Slide 17: New Spodumene Pegmatite — K9
NEW SPODUMENE PEGMATITE — K9 = Historic systematic trenching, likely targeting Sn/Ta Andtadl = Strike extent of at least 1,000m KO Pegmatite K9 Pegmatite ‘worldview: 4 itoring e Cress PE Namibia hard rock Li 17k in éhronous orb. The map llstrates a natural band combination vith Ox Aor Meas to nae ta
Slide 18: Corridor of Interest
CORRIDOR OF INTEREST Recently defined lithium mineralised “corridor of interest” based on: * K/Rb ratio’s of all assay data received to date * Regional airborne magnetics The lower K/Rb ratio’s within the zone indicate a higher degree of fractionation, more fertile pegmatites Correlates with anomalo
Slide 19: Forward Plan
FORWARD PLAN Dual exploration methodology for Uis Lithium Project: * Execution of extensive trenching campaign underway in order to: = Test new spodumene pegmatite targets = Test all “RC sniffs” to date * Trenching is a cheap and effective way to test surface exposure and strike extents = Systematic
Slide 20: Uis — Building a World Class Lithium Portfolio
UIS — BUILDING A WORLD CLASS LITHIUM PORTFOLIO K9 - Target Systematic channel sampling campaign at EPL 7345 will continue to roll out over the next 5 weeks, flowing onto DP, PS and newly discovered K9 targets * Regional soil geochemical sampling program across EPL 7345, EPL 8535 and EPL 7626 = Phase
Slide 21: Exploration Team
BONIFACIUS KATANGA - SENIOR EXPLORATION GEOLOGIST ▪ ▪ CLIFF FITZHENRY – CHIEF PROJECT AND EXPLORATION MANAGER ▪ ▪ SHANE DOGGART – PROJECT GEOLOGIST ▪ ▪
Slide 22: Growth Strategy
GROWTH STRATEGY Build a multi-asset, Southern Africa focused Clean Energy Company = Establish a dominant position on the Cape CrossUis belt with several other Li- pegmatite projects currently under review = Building a portfolio of highly prospective uranium projects located in southern Tanzania, an
Slide 23: Questions
ASKARI\? Questions... For further information, please contact: Mr Gino D’Anna Mr Cliff Fitzhenry Managing 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 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: 20 July 2023 4 July 2023 1 June 2023 25 May 2023 17 May 2023 9 May 2023 13 April 2023 11 April 2023 30 March 2023 22 March 2023 07 March