Askari Metals Limited · ASX:AS2
Askari Metals — Investor Presentation (May 2025)
13 slides from Askari Metals's investor presentation, May 1, 2025
Slide 1: Building a Tier-1 Gold Portfolio in Ethiopia
ASKARI\’ Building a Tier-1 Gold Portfolio in Ethiopia Adola Greenstone Belt: One of the last mineral rich frontier belts hosting multiple large-scale gold an significantly underexplored and highly prospective INVESTOR PRESENTATION // May 2025 000000 0l00cI0
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: Acquisition provides Askari with 100% ownership of a highly prospective gold project portfolio
• Acquisition provides Askari with 100% ownership of a highly prospective gold project portfolio located within the prolific Adola Greenstone Belt of the Arabian-Nubian Shield in Southern Ethiopia • Project portfolio covers a significant strategic landholding positioned within the Adola Greenstone B
Slide 4: Askari's recently acquired project portfolio lies within the southern Arabian-Nubian Shield
Centamin (Sukari) – 11 m oz Au • Askari’s recently acquired project portfolio lies within the southern Arabian-Nubian Shield (ANS), a Neoproterozoic continental block Barrick (Jabal Sayid) – 30 mt Cu formed during the Pan-African orogeny (870–550 Ma) as part of the East African Orogen Perseus (Block
Slide 5: The Adola Greenstone Belt located in southern Ethiopia
• The Adola Greenstone Belt (AGB) located in southern Ethiopia is a Neoproterozoic geological feature formed during the Pan African orogeny (850 – 550 Ma) • The AGB exhibits a long history of gold production (mainly artisanal) and hosts Ethiopia’s only mechanised gold mine – Lega Dembi o Discovery o
Slide 6: Binding agreement to acquire 100% of Rift Valley Resources
• Binding agreement to acquire 100% of Rift Valley Resources o Owner of 5 projects held under 3 licence applications • Premium project portfolio o 460km2 of strategic landholding within the Adola greenstone belt o On trend from large gold deposits o Combination of greenfields and brownfields explora
Slide 7: Lega Dembi South project
• Neighbouring the 2.5m oz Lega Dembi open pit and the 600k oz (@ >14g/t) Sakaro operation • Historical production >3m oz Images: An exposure of an artisanal mining pit at the Lega Dembi South Project showing deformed white quartz veins along with intensive wall rock alteration
Slide 8: Sakaro West project
• Located west of Sakaro and Lega Dembi South projects • Covers highly prospective geology Images: Artisinal mining exposures of swarms of gold hosting milky-white quartz stringers which form stockworks within highly altered host rock, crosscut by multiple fractures
Slide 9: Megado project
• Centrally located, prospective geology, on 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 north of the Dawa-Okote deposit
Slide 10: Wayu Boda project and historic exploration nearby
• Had an earn in agreement with Centamin • Historic exploration in the close proximity to Wayu Boda licences: o Rock chip grades up to 47 g/t, o Trench results: 14m @ 0.4 g/t incl. 3.6m @ 1.5 g/t, 1.3m @ 4.9 g/t, 2m @ 1.1 g/t Images: Porphyritic granite and granodiorite at the Wayu Boda project host
Slide 11: Arabian-Nubian Shield is one of the last underexplored mineral rich frontier belts
• Arabian-Nubian Shield is one of the last underexplored mineral rich frontier belts hosting multiple large-scale gold and copper deposits • Adola Greenstone-Belt in Southern Ethiopia is highly prospective and hosts several large-scale gold deposits (including Dawa-Okote, Lega Dembi and Sakaro) desp
Slide 12: Thank You
ASKARI\’ Thank You... 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 13: Acquisition consideration terms
• • o Askari will issue to the Vendor AUD$200,000 worth of Shares in the Company at a deemed issue price equal to the share price on the day of Completion (defined in the binding agreement). These Shares will be held in voluntary escrow for 12 months from the date of issue; o a cash payment of AUD$2