WHY INVEST IN ASKARI

INVESTMENT OPPORTUNITY

NAMBIAN FLAGSHIP PROJECT

The Uis Lithium Project in Namibia is located in a highly mineralised, spodumene rich pegmatite belt with a history of prior production and exploration success

EASTERN PILBARA LITHIUM PORTFOLIO

District scale opportunity strategically located next to recent discoveries and world-class deposits leveraged to regional success

NICKEL BATTERY APPLICATIONS

High quality spodumene concentrate, suitable for conversion in high Nickel battery applications, is the next frontier of lithium demand as a global deficit in supply looms

GLOBAL SUPPLY SHORTFALL

A number of analysts are predicting potential lithium supply shortfall amid increasing demand from EV market and other energy storage solutions

GROWTH STRATEGY

TARGETED EXPLORATION

  • Initial RC drilling programs completed at Uis Lithium Project – a total of 173 drill holes and 9,907m
  • Significant lithium-bearing mineralised pegmatite ~112m wide intersected at EPL 7345
  • Diamond drilling to commence ASAP testing depth and strike extensions and targeting fresh un-oxidized mineralisation beneath water aquifer

RESOURCE GROWTH

  • Maiden JORC Resource targeted at the Uis Lithium Project ~12 months
  • Grid-based and detailed diamond drilling to focus on resource delineation and expansion
  • Acquisition of complimentary and strategic project areas located within the highly prospective Uis pegmatite belt
  • Metallurgical testing and bulk samples to be undertaken using core from diamond drilling

DEVELOPMENT & PRODUCTION

  • Strategic development and down-stream processing capabilities of Huayou Cobalt to drive the Uis Lithium Project forward
  • Focus is on the development of a large tonnage and low-cost open pit mining operation
  • Progressive development and exploration of other complimentary and strategic project areas

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