Askari Metals has assembled an attractive portfolio of copper and gold projects located in the stable, safe and mining friendly jurisdictions of Western Australia and New South Wales, Australia. Askari Metals is a focused domestic Australian copper-gold exploration company with projects located in low-risk areas with supportive communities and indigenous relations.
The Burracoppin Gold Project hosts high-grade shallow gold intersections which have not been followed up with modern exploration techniques and represents an outstanding exploration opportunity for the Company. The Burracoppin Gold Project is considered prospective for gold, nickel and platinum group elements (PGE). The Burracoppin Gold Project will be the initial focus of the Company and we look forward to re-commencing exploration and drilling and delivering Shareholder value through continued exploration success and with a view to the delivery of a maiden JORC (2012) Mineral Resource.
The Springdale Copper-Gold Project in New South Wales is located in the premier Lachlan Fold district and has been the subject of significant historic high-grade production. The Springdale Copper-Gold Project offers the Company exposure to a potential copper-gold porphyry style of mineralisation hosted within the Ordovician Volcanics and is strategically located in close proximity to the Temora Cu-Au Project owned by Sandfire Resources Limited (ASX: SFR).
We are all aware that copper is fast becoming a focus of the global economy with the push towards electrification, and we will also strive to deliver Shareholder value through systematic exploration on our copper projects located in Western Australia. The Horry Copper Project boasts high grade Cu-Au-Ag gossanous mineralisation up to 60m long and 2.4m wide, however, broader mineralization exists over 7.4m width and 900m along shear zone with high-grade rock chip results identified on surface. This project has not been followed up with modern exploration despite exploration success on nearby tenure. Modern geophysics will be key to unlocking the exploration potential of the Horry Copper Project.
The Company’s copper exposure is complemented with the Callawa Copper Project located in Western Australia. The Callawa Copper Project hosts high-grade rock samples on surface which have not been adequately followed up with further exploration. The Callawa Copper Project demonstrates significant potential for a further copper-gold discovery within the Archean Warrawagine Granitoid Complex.
The Company has a very clear exploration and development strategy for our portfolio of projects, and we believe that the near term catalysts will drive confidence in our approach and deliver Shareholder value.