Announcement of high-grade mineralisation at Kestrel pegmatite target

Askari Metals Limited (ASX: $AS2) has announced the assay results from a total of 32 rock chip samples collected at the Kestrel Pegmatite Target located on EPL 8535 as part of an extensive multi-faceted 2024 field exploration campaign at the Uis Lithium Project in Namibia, Africa. The mapping has revealed Kestrel to be a significant pegmatite body with a strike length in excess of 1.4km and up to 30m in width, hosting high-grade mineralisation with lithium assay results up to 3.06% Li2O.

Executive Commentary on Kestrel Pegmatite Target Assay Results

'These results are highly encouraging and confirm that, with widths up to 30m and a strike length of more than 1.4km, Kestrel is a pegmatite of scale. It also displays high grade lithium mineralisation with a total of 10 samples displaying assays of >1% Li20 with the best results being 3.06%, 2.97%, 2.91%, 2.88% and 2.28% Li20. These high-grade rock chip assays combined with visually observed zonation textures as well elemental ratio plots confirm that Kestrel is a highly fractionated, fertile, LCT type pegmatite. Kestrel will be a priority target for us to test during the EPL 8535 Phase 1 trenching campaign during which we will also be testing further targets previously identified on the licence.'

Summary of Kestrel Pegmatite Target Announcement

Askari Metals has announced the high-grade mineralisation at the Kestrel Pegmatite Target, demonstrating widths up to 30m and a strike length of more than 1.4km. The company's exploration techniques have proven effective in identifying significant pegmatite targets of size and scale hosting high-grade mineralisation. The upcoming exploration activities at Uis include a comprehensive project-wide soil and stream sediment sampling program, detailed mapping, and rock chip sampling, all geared towards identifying trenching targets. The company looks forward to keeping its shareholders and investors updated as exploration activities continue to advance at the Uis project and as exploration results are received.