Askari Metals (ASX: $AS2) acquires Matemanga Uranium Project in Tanzania

Askari Metals Limited (ASX: $AS2) has acquired a 100% interest in the Matemanga Uranium Project located in the southern part of Tanzania. The project spans an area of approximately 264km2 and is under application through its wholly owned Tanzanian subsidiary, Infinum Uranium Limited.

Executive Commentary on Matemanga Uranium Project Acquisition

The Managing Director, Mr Gino D'Anna, expressed that the Matemanga Uranium Project represents a significant exploration opportunity for Askari as they expand their exploration strategy to include high-value and in-demand uranium, aligning with their clean energy mission. The project is strategically located in a low-risk, pro-mining jurisdiction and has been identified with a major radiometric anomaly, reinforcing its exploration potential. The company is focused on fast-tracking applications and has expanded its in-country team with the addition of uranium expert Bertie Pepler.

Summary of Matemanga Uranium Project Acquisition

Askari Metals' acquisition of the Matemanga Uranium Project in Tanzania marks a significant expansion into uranium exploration, in line with their clean energy focus. The project is strategically located in a highly prospective area, with a significant radiometric anomaly identified, reinforcing its exploration potential. The company aims to fast track applications and execute low-cost exploration campaigns. With the addition of uranium expert Bertie Pepler, the company is well-positioned to progress the project. Tanzania's political stability and pro-mining environment provide a conducive atmosphere for exploration and development, aligning with the company's ambitions to emerge as a multi-disciplined African focused exploration company.