Askari Metals Limited announced that the Company has commenced its inaugural 3,500m RC exploration drilling campaign at the Uis Lithium Project (Uis Project) located in Namibia, Africa. The Uis Project covers an area of 113.53km2. This initial phase of RC drilling is part of an overall 10,000m RC drilling campaign which will be completed over three phases.

High-grade spodumene hosted lithium mineralisation up to 3.1% Li2O has been sampled at surface at the Uis Project, which has never been drill tested. The Uis Project is located less than 5km from the township of Uis and less than 2.5km from the operating Uis Tin-Tantalum-Lithium Mine owned and operated by AfriTin Mining plc (LSE. ATM), within the Erongo Region of west-central Namibia.

Swakopmund, the capital city of the Erongo Region and Namibia's fourth largest settlement, is located approximately 165km due south of the Uis Project while the Namibian capital city of Windhoek is located approximately 270km southeast of the Uis Project. The Uis Project boasts more than 80 mapped pegmatites across the project area, with many of the pegmatites having been mined historically for tin and semi-precious stone. An abundance of altered spodumene is visible both within the workings and the mined rock around the workings.

The map below provides an overview of the location of the Uis Project relative to the infrastructure servicing the region and the location of the operating Uis Tin-Tantalum-Lithium Mine owned and operated by AfriTin Mining plc (LSE. ATM). Surface exploration activities conducted by the Company at the Uis Lithium Project have identified extensive areas of high-grade spodumene hosted lithium mineralisation in an area located along strike and less than 2.5km from the Uis Tin-Tantalum-Lithium Mine owned and operated by AfriTin Mining plc (LSE.

ATM) extending for several kilometres in all directions. This prospect area is known as the Uis Mine View prospect. The results of samples collected from the Uis Mine View prospect has returned results including 3.1% Li2O, 2.11% Li2O, 0.75% Li2O, 0.56% Li2O and 0.51% Li2O as well as 1.30% Sn and 0.44% Sn as well as 432 ppm Ta and 325 ppm Ta.

These results and the extensive outcropping surface mineralisation give the Company great confidence to commence the first-ever drilling campaign on this project. The Uis Mine View prospect will be the main target of the drilling campaign, with the majority of the meters drilled designed along its strike. Since the prospect has never been drilled, the campaign will target intersections of the mineralised unit at depths of 20m, 40m and 60m below the surface in a series of fans.

The fans are designed to be about 80m apart along the strike of the outcropping mineralisation. The campaign will also test two other targets. An area containing high-grade lithium and tantalum mineralisation similar to that found at the Uis Mine View prospect was identified located near the centre of the tenement.

Results from this target area include 1.1% Li2O, 0.61% Li2O and 0.51% Li2O as well as 658 ppm Ta, 498 ppm Ta, 377 ppm Ta and 335 ppm Ta. A second area to be drill tested is an area where the DD reconnaissance sampling campaign identified high-grade lithium, tin and tantalum mineralisation. Here surface exploration activities have identified lithium, tin and tantalum mineralisation through rock chip sampling with results from this target area including 0.92% Li2O and 0.83% Li2O as well as 345 ppm Ta as well as 0.71% Sn and 0.76% Sn.

The first phase of RC drilling is currently underway at the Uis Lithium Project with the results anticipated to determine the focus areas for subsequent phases of drilling at the Uis Project. Hammerstein has been engaged as the drilling contractor with the Company executing a drilling contract for 10,000m of RC drilling across three phases. The initial phase of up to 3,500m of RC drilling will focus on those areas which have been prioritised based on the results of the DD sampling campaign.