Askari Metals is targeting a high-grade tin and tantalum corridor at its Uis Project in Namibia, directly along strike of the operating Uis Tin Mine.
The company is preparing to recommence exploration along the corridor, with multiple near-term field programmes planned across priority pegmatite targets.
These include trenching, surface sampling, and reverse circulation drilling aimed at testing the continuity, grade distribution and scale of mineralised pegmatites within the licence areas.
The renewed activity at Uis follows Askari’s successful repayment of its Convertible Note Facility with Lawson Mining and the remaining balance of its Series B Redeemable Notes, leaving the company debt-free.
Management said the clean capital structure removes any dilution or security overhang on its securities and strengthens the balance sheet, allowing capital to be directed into exploration rather than debt servicing.
With improved financial flexibility and a solid cash position, Askari plans to accelerate exploration across its portfolio of gold, copper and critical metals assets in Namibia and Ethiopia.
The company said its objective is to generate consistent exploration news flow while advancing its highest-priority projects through systematic work programmes.
Executive Director Gino D’Anna said clearing all corporate debt marks a critical inflexion point for the company, positioning Askari to execute its growth strategy with greater flexibility and reduced financial risk.
He said the Nejo Project in Ethiopia remains the company’s flagship asset, with drilling preparations advanced for a maiden drill programme targeting a first JORC resource within a prospective gold and copper system.
At the same time, D’Anna said that recommencing work at Uis provides shareholders with exposure to tin and critical metals at a time when tin prices remain elevated, and market interest in battery metals is strengthening. He said the company expects to deliver steady operational updates as exploration activity ramps up.
The Uis Project provides exposure to high-grade tin and tantalum mineralisation, with additional lithium and rubidium potential across multiple pegmatite bodies.
The project sits within the same geological setting as the producing Uis Tin Mine, improving the prospectivity for mineral continuity and near-surface discovery.
Initial work programmes will include soil and stream sediment sampling on Exploration Licence 7626, trenching across known pegmatite targets on Exploration Licence 8535, and planned reverse circulation drilling at the OP pegmatite target on Exploration Licence 7345.
Results from previous trenching campaigns have been received and are being compiled for release, providing near-term data flow as field activity restarts.
The company said the staged exploration approach is designed to refine priority targets ahead of drilling, improve geological understanding of pegmatite geometry and mineral zoning, and assess the scale potential of the corridor.
Askari’s renewed focus on Uis comes amid tightening global tin supply and growing demand linked to electronics manufacturing, renewable energy systems and electric vehicle supply chains.
Pegmatite-hosted deposits are also attracting increasing interest as potential sources of lithium and speciality metals critical to energy transition technologies.
