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Askari Metals Ltd (AS2)

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Company Deep Dive

Askari Metals focuses on acquiring, exploring and developing high-grade gold and copper-gold projects in New South Wales and Western Australia and has assembled an attractive portfolio of projects in these areas.

Askari has appointed a Board of Directors, management and technical team who possess experience operating in Western Australia and New South Wales, across exploration, mining and strategic transactions, with strong technical, legal, and financial management skills.

Askari’s main objectives is to complete exploration activities including geophysical surveys and drilling at the Burracoppin Gold Project, the Horry Copper Project and the Mt Maguire Gold Project. The Company will also undertake exploration on the Springdale Copper-Gold Project and the Callawa Copper Project comprising reconnaissance exploration, drilling and geological mapping.

Key Details
Projects
7
Industry
Mining
Headquartered
Perth
Primary Market
Lithium and Gold
Updated: 01 Jan 2022

Why Invest in Askari

Five 100% owned Copper and Gold projects in close proximity to large deposits and other mines

Horry Copper Project - high grade Cu-Au-Ag gossanous mineralisation up to 60 m long and 2.4 m wide

Callawa Copper Project - rock-chips with up to 28.7% Cu At Surface supported by other surface rock-chip results of 9.4% Cu, 7.63% Cu and 2.68% Cu

Springdale Copper-Gold Project - significant historic production with grades ranging between 8g/t Au and 40g/t Au

Mt Maguire Gold Project - extensive gold mineralisation identified in previous drilling including 31m @ 0.84g/t Au from 20m including 1m @ 6.74g/t Au from 25m

Completed a strategic review of known lithium pegmatite fields within Western Australia in the search for under-explored Lithium Pegmatite projects located in proven geological settings

People

Board and Management

Mr Gino D’Anna

Director

Mr D’Anna is a founding Director and Shareholder of the Company. Mr D’Anna has significant primary and secondary capital markets experience and has extensive experience in resource exploration, public company operations, administration and financial management.

Profile

Mr Gino D’Anna

Director

Mr D’Anna is a founding Director and Shareholder of the Company. Mr D’Anna has significant primary and secondary capital markets experience and has extensive experience in resource exploration, public company operations, administration and financial management.

Mr D’Anna has experience in Canadian Government and First Nations relations in the mining sector and has worked in numerous jurisdictions including Australia, Botswana, Namibia and Canada.

In addition, Mr D’Anna has been involved in the exploration and development of many projects including new discoveries and the continued development of existing discoveries.

Mr D’Anna is currently an executive director of MetalsTech Limited (ASX: MTC) which is developing the Sturec Gold Mine in Slovakia, and a director of Metals Australia Ltd (ASX: MLS) which is developing the high-grade open cut Lac Rainy Graphite Mine located in Quebebc, Canada. Mr D’Anna was also a founding shareholder and founding Executive Director of Atrum Coal Limited (ASX: ATU) which is developing the Elan Hard Coking Coal Project, located in Alberta, Canada.

Mr Robert Downey

Chairman

Mr Downey was admitted as a barrister and solicitor of the Supreme Court of Western Australia in December 1999. In 2001 Mr Downey joined Blakiston & Crabb, an independent resource / corporate / commercial law firm based in Perth.

Profile

Mr Robert Downey

Chairman

Mr Downey was admitted as a barrister and solicitor of the Supreme Court of Western Australia in December 1999. In 2001 Mr Downey joined Blakiston & Crabb, an independent resource / corporate / commercial law firm based in Perth.

While at Blakiston & Crabb, Mr Downey specialised in advising oil and gas and mining companies in relation to a wide range of legal issues, including initial public offerings; prospectuses for equity and debt raisings, takeovers and reverse takeovers, schemes of arrangement and other types of corporate transactions.

Mr Downey also developed an expertise advising both Australian and foreign incorporated entities on dual listings and cross jurisdiction capital raising and listing rule advice particularly with respect to the TSX-V and AIM markets.

Following this experience Mr Downey acted as General Counsel for a Canadian oil and gas exploration and production company with assets in Europe and Africa overseeing the dual listing on the TSX-V and AIM, the raising of £50 million and the subsequent takeover of the company by way of scheme of arrangement.

Mr Brendan Cummins

Technical Director

Mr Cummins has over 25 years of global experience in the minerals industry as both a mine and exploration Geologist. Mr Cummins graduated from The University of Western Australia with First Class Honours in Geology in 1993 and is a current member of the Australian Institute of Geoscientists (MAIG).

Profile

Mr Brendan Cummins

Technical Director

Mr Cummins has over 25 years of global experience in the minerals industry as both a mine and exploration Geologist. Mr Cummins graduated from The University of Western Australia with First Class Honours in Geology in 1993 and is a current member of the Australian Institute of Geoscientists (MAIG).

Mr Cummins is a Competent Person across a broad range of commodities with the majority of his experience being in mineral exploration, resource discovery and definition, feasibility related studies, project evaluation and acquisition.

During the early years of his career he had a strong focus on gold exploration but has since diversified working in base metals, bulk commodity and industrial minerals throughout Australia and locations overseas.

Mr Cummins has worked in junior companies to mid tiers and in joint ventures with the majors, gaining an excellent appreciation for the dynamics and requirements of working in both small and large team environments.

More recently Mr Cummins has been heavily involved in project development activities including stakeholder and Heritage engagement, liaison with regulatory bodies overseeing environmental and other statutory approvals engaging with the EPA, DWER, DMIRS (environment and safety) and associated technical studies.

Mr Paul Fromson

CFO / Company Secretary

Mr Fromson, B.Com, CPA, AICD, is a finance professional who has more than 30 years industry experience, including over 23 years with ASX listed resource companies. He has held a variety of senior positions including Company Secretary, Chief Financial Officer and Director in exploration and mining companies.

Profile

Mr Paul Fromson

CFO / Company Secretary

Mr Fromson, B.Com, CPA, AICD, is a finance professional who has more than 30 years industry experience, including over 23 years with ASX listed resource companies. He has held a variety of senior positions including Company Secretary, Chief Financial Officer and Director in exploration and mining companies.

Mr Fromson’s resources experience extends over a number of commodities and he has worked on multinational joint ventures such as the Boddington Gold Mine and Worsley Alumina Projects through to a significant gold producer and a variety of exploration companies on projects within Australia and overseas.

Mr Fromson brings extensive experience in corporate matters, ASX listing rules and all forms of capital raising.

He is a member of the Australian Institute of Company Directors, a Certified Practising Accountant and a Licensed Tax Agent. Mr. Fromson holds a Bachelor of Commerce degree from The University of Western Australia.

Projects

Lithium Projects

Red Peak and Mt Deverell

The strategic pegging of the Red Peak and Mt Deverell areas follows an intensive data review completed by the Company of known lithium pegmatite fields within Western Australia in the search for under-explored lithium pegmatite projects located in proven geological settings. 

These areas are considered to be poorly explored and are considered to be highly prospective for lithium bearing pegmatites as well as other base metals, uranium and Rare Earth Elements.

What distinguishes this area is the fact that it has been extensively mapped, resulting in a well understood geological environment, with several pegmatites already identified, however, only limited historical exploration has occurred with all historical exploration focused on either gold or base metals (Pb / Zn).

Learn More
Map of Red Peak and Mt Deverell
drilling and sampling
Gold and Base Metal Project

Mt Maguire

The Mt Maguire Gold and Base Metal Project is located in Western Australia, has been historically explored with extensive gold mineralisation identified in drilling, including 31m @ 0.84g/t Au from 20m including 1m @ 6.74g/t Au from 25m.

The Mt Maguire Gold and Base Metal Project is located along strike of Kalamazoo Resources Limited (ASX: KZR) Ashburton Project. The town of Paraburdoo is located approximately 10km to the north, while Newman is around 200km to the east. Access is by station tracks from the Nanutarra-Wittenoom Road.

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Copper Project

Horry

The Horry Project is located in the north-eastern area of 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. 

The Horry Copper Project lies within the strongly deformed and mineralised Halls Creek Mobile Belt bounding the eastern edge of the Kimberley Craton – highly prospective high-grade copper-gold mineralisation with a broader low-grade copper-gold porphyry system. 

The Horry Copper Project is located along strike of the Halls Creek Copper Project owned by Cazaly Resources Limited (ASX: CAZ) which has reported high-grade drilling intersections including 64m @ 2.72% Cu (1.13% Zn), 62m @ 2.41% Cu (2.75% Zn), 37m @ 2.63% Cu (6.05% Zn), 16m @ 5.91% Cu and 18m @ 2.53% Cu.

Learn More
drill core samples
drilling rig
Gold Project

Burracoppin

The Burracoppin Gold Project hosts high-grade shallow gold intersections which have not been followed up with modern exploration techniques. The Burracoppin Gold Project is considered prospective for gold, nickel and platinum group elements (PGE). The Burracoppin Gold Project is located approximately 20km east of Merredin and 15km west of the Edna May Gold Mine.

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Copper Project

Callawa

The Callawa Copper Project is located in Western Australia and hosts high-grade rock samples on surface which have not been adequately followed up with further exploration. 

The Callawa Copper Project covers granitic rocks untested for porphyry style mineralisation. Surface sampling has returned assay results of up to 28.7% Cu in altered granite, with elevated gold values, supported by other surface samples of 19% Cu, 9.4% Cu, 7.63% Cu and 2.68% Cu. A series of small shallow pits are spread over about 40m. The Callawa Copper Project contains over 2km of prospective strike, located to the west of the Rio Tinto "Winu Copper Gold Discovery" and north-west of the large Nifty Copper Mine. 

The Callawa Copper Project demonstrates significant potential for a further copper-gold discovery within the Archean Warrawagine Granitoid Complex.

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Mining vehicles in open cut mine
Ore pile
Copper-Gold Project

Springdale

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).

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Key Milestones

Historical Milestones

Listed on the ASX
Completed phase I drilling at Burracoppin, outstanding gold mineralisation intersect
Commenced exploration program at Horry project
Permits granted for Springdale project
Exploration commenced at Callwa project, High grade copper results
Obtained two lithium projects, field program completed at Red Peak

Future Milestones

Obtain assay results for Callawa exploration, complete phase 2 exploration
Comprehensive grid rock sampling campaign at the Red Peak Lithium Project
Maiden drilling program at the Horry Copper-Gold Project
Phase II and III RC drilling at the Burracoppin Gold Project together with auger soil geochemical sampling
Drone magnetic survey across the Horry Copper Project and Callawa Copper Project
Mt Maguire reconnaissance mapping and sampling exploration program

Investment

Investors

Gino D’Anna

BACKGROUND

Founder and Director of Askari

Kovi Gordon Family

Peter Romeo Gianni

Capital Raise

ASX Listing
|Jul 2021

Funds raised will be used to explore and develop the portfolio of copper and gold projects

Raised $5.75m
Offer Price $0.20
Notes

Documents

Quarterly Activities Report for the Period Ended 30 September 2021

29 Oct 2021 | Report
PDF (5013.3 KB)

Quarterly Activities Report for the Period Ended 30 June 2021

30 Jul 2021 | Report
PDF (3232.2 KB)

Corporate Presentation

08 Jul 2021 | Presentation
PDF (4216.9 KB)

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