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Askari Metals begins copper-gold hunt in Ethiopia - ICYMI
Proactiveinvestors NAยท2025-11-14 07:38

Core Viewpoint - Askari Metals Ltd has initiated a copper and gold exploration program at the Nejo project in Ethiopia, focusing on validating historical drilling data and targeting high-priority prospects [1][2][4]. Exploration Activities - The exploration campaign is the company's first reconnaissance-style program at Nejo, targeting areas such as Guji 1 and Komto 2 in the south, and Katta in the northwest [1][2][7]. - Historical drilling at Katta intersected 140.8 meters at 3.2% copper, with no follow-up since the 1970s, indicating potential for a large VMS-style system [2][10]. Future Plans - Preparations are underway for a planned drilling program in Q4 2025, with efforts to secure a rig, crew, and consumables [3][11]. - The Guji 1 and Komto 2 corridor is a 9-kilometer mineralized strike that remains open in both directions, which is a key focus for future drilling [3][11]. Resource Development - The company aims to reach a maiden resource within 12 months, leveraging refined historical exploration data [4][13]. - The Nejo license covers 1,200 square kilometers, with multiple additional targets to be assessed over time, indicating a long-term exploration strategy [4][15]. Continuous Updates - The exploration program is expected to generate continuous updates over the next two to three years, keeping investors engaged [5][15].