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Highlights
- Askari Metals (AS2) advancing technical review at Uis Project in Namibia.
- Historical exploration reveals high grades of tin, tantalum, and rubidium.
- Upcoming field campaign aims to explore significant mineralisation potential.
Askari Metals (ASX:AS2) is making notable strides at its Uis Project in Namibia, with a focus on unlocking its polymetallic potential, particularly for tin, tantalum, and rubidium. The company has initiated a technical evaluation to better understand the resource opportunities at this underexplored asset, which is located near the world-renowned Uis tin mine, operated by Andrada Mining. The Uis mine is significant, hosting a global resource estimate of 77.51 million tonnes with notable grades of lithium, tin, and tantalum.
The evaluation has expanded beyond its initial exploration license, EPL 8535, to include EPL 7345, a central tenement that shares a boundary with the Uis mine. Historical exploration data from this area is promising, showing exceptionally high grades in surface samples, including up to 4.05% tin oxide and tantalum pentoxide values as high as 1,121ppm. Additionally, assays have highlighted strong rubidium oxide values, with several samples reporting over 0.2% rubidium oxide.
Askari's exploration efforts in the area have been detailed and comprehensive, with previous work including rock chip sampling, surface mapping, and reverse circulation drilling. The results have revealed an encouraging trend of tantalum and rubidium mineralisation along a northwest orientation, closely following the same geological structure as the known mineralisation at the adjacent Uis tin mine.
Looking ahead, Askari Metals (ASX:AS2) plans to conduct a low-cost, high-impact field campaign that will further assess the mineralisation potential of EPL 7345. The campaign will include Phase 1 trenching, detailed mapping, and additional rock chip sampling. These efforts are expected to identify new targets and continue to explore the site's significant untapped potential.
The Uis Project is now becoming a focal point for Askari Metals, with its promising polymetallic potential representing a valuable asset within the broader scope of the company’s portfolio. This evaluation is particularly timely as investors continue to keep an eye on emerging opportunities within the mining sector, especially those related to the growing demand for critical minerals like tin, tantalum, and rubidium.
For those interested in diversifying portfolios with robust mining projects, the Uis Project could become a major player, offering long-term value in line with broader trends in the mining sector. Additionally, as market participants look at investments such as ASX dividend stocks, projects like these may stand out in the context of broader market indices, such as the ASX200, which tracks some of Australia's largest and most influential companies.
