Lithium anomalism warrants further exploration ahead of drilling: Askari Metals

Fri 08 Jul 22, 11:23am (AEST)
Prospector exploring at an Askari project
Source: Askari Metals

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Key Points

  • Rock sampling has identified three additional anomalous pegmatite zones
  • The prospective areas warrant further follow-up, planned for early August 2022
  • Exploration permits have been submitted, drilling planned for the second-half of 2022

Askari Metals’ (ASX: AS2) Barrow Creek Lithium Project is proving to contain various zones of fertile lithium pegmatites, showing early promise for highly sought after spodumene.

Results from a Phase III rock sampling campaign at South-Eastern area of Barrow Creek identified three additional anomalous lithium bearing pegmatite zones - indicating a growing footprint of lithium anomalism across the project.

Askari notes that these results stem from an initial reconnaissance, and not a detailed mapping and sampling program, which is considered very positive by the company.

Askari plans to revisit the area and improve the definition of the sample, with an additional rock sampling and mapping campaign planned for early August 2022. 

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Barrow Creek pegmatite samples (Source: Askari Metals)

Inaugural drilling on the horizon

Askari is gearing up for a maiden drilling program for the North-Western portion of Barrow Creek.

Exploration permits have been submitted to the Northern Territory Mines Department for both the North-West and South-East portion of Barrow Creek.

Askari hopes to mobilise and kick off drilling in the second-half of 2022.

Askari Metals was a Market Index client at the time of publishing. All coverage contains factual information only and should not be interpreted as opinion of financial advice.


Written By

Kerry Sun

Finance Writer & Social Media

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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