Askari to spear new tin-tantalum targets at | Australian Markets

Askari Metals’ latest trawl by means of a historic exploration database at its Uis project in Namibia has recognized important tin, tantalite and rubidium mineralisation within its licence space.

The review reveals “exceptionally high” tin, tantalum and rubidium responses from a 492-sample rock chip database, with assays together with 3.17 per cent tin oxide, 5226 components per million (ppm) tantalum pentoxide and 0.87 per cent rubidium oxide.

The tenement is Askari’s southernmost holding within the space and is simply 14 kilometres southwest of Andrada Mining’s well-established Uis tin mine.

Mapping and rock chip sampling at Askari’s close by 3km by 30-metre Kestrel pegmatite goal has additionally turned up elevated responses with up to 0.38 per cent tin oxide, which is usually represented by the mineral cassiterite, and 672ppm tantalum pentoxide, usually current because the mineral tantalite.

Historical drilling knowledge has additionally come up with high grades that embody 4 1m intervals carrying tin oxide at grades of 0.13 per cent to 0.25 per cent tin oxide and 173ppm to 227ppm tantalum pentoxide.

Askari says the exploration outcomes and its newly recognized pegmatite exploration targets have by no means been adopted up, regardless of being hosted by the identical pegmatite geology internet hosting mineralisation at Andrada’s working Uis tin mine.

Uis is fast rising as a severe strategic asset for the company owing to its location alongside strike from the working Uis tin mine. Historical exploration at the Uis project has demonstrated important high grades of mineralisation together with tin, tantalum and rubidium, comparable with the outcomes outlined by our neighbour, Andrada Mining.

Tin is at the moment in sturdy demand and trading at US$31,275 (A$49,147) per tonne. Analysts forecast the worldwide tantalum market will grow at a compound annual charge of about 5.88 per cent to $126.4 million by the top of the last decade.

D’Anna stated Uis is a closely underexplored alternative for Askari and with the present high tin costs, it was too laborious for the company to ignore.

The company plans additional exploration aimed at developing and increasing the recognized tin and tantalum mineralisation on the licence space.

The work will comprise an initial intensive program of soil geochemistry within its key structural hall of curiosity to outline further areas of tin-tantalum or indicator mineral anomalism, focussing on figuring out buried or blind pegmatites.

That work can be accompanied by detailed mapping and rock chip sampling of new targets within the licence space.

Subject to outcomes from the previous work, the company plans to put an excavator on website to conduct a first section of trench sampling at recognized goal websites.

Askari has already recognized 5 new targets on the licence, which can be subject to additional follow-up exploration for high-grade tin and tantalum mineralisation.

The company says its low-cost work packages intention to ship exploration targets within its licence space with a high degree of confidence prior to conducting additional drilling to discover the promising polymetallic mineralisation at Uis.

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