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Askari Metals Limited ( (AU:AS2) ) just unveiled an announcement.
Askari Metals Limited has announced a significant expansion into Ethiopia with the acquisition of the Nejo Gold and Copper Project, enhancing its exploration footprint in a highly prospective geological setting. This strategic move complements its existing projects in the Adola Greenstone Belt and is supported by regulatory approvals and strengthened funding through a rights issue and asset sale. The company is poised for a transformative exploration phase targeting high-grade gold and copper systems, with a focus on cost-effective operations in Ethiopia and Namibia.
More about Askari Metals Limited
Askari Metals Limited operates in the mining industry, focusing on the exploration and development of gold and copper resources. The company is expanding its portfolio into Ethiopia, targeting the Arabian-Nubian Shield, a region known for its rich gold-copper belts.
Average Trading Volume: 2,233,665
Technical Sentiment Signal: Sell
Current Market Cap: A$9.58M
Learn more about AS2 stock on TipRanks’ Stock Analysis page.