Australia-based lithium mining company Askari Metals has acquired Green Lithium, a Namibian mining company.
Green Lithium owns the exclusive prospecting licence (EPL) 7626, which lies within the highly prospective Uis-Cape Cross pegmatite belt in Namibia.
Askari Metals expects the acquisition of Green Lithium to expand its footprint across the prospective Uis pegmatite belt to 380km² within the Erongo Region.
Covering an area of 68km², EPL 7626 is located near Askari’s Uis lithium project (EPL 7345 and EPL 8535) and directly along the strike of the Uis Tin Mine, which is owned by Andrada Mining.
EPL 7626 will also support the development of the Uis project into a tier-1 battery metals project, Askari noted.
Askari Metals executive director Gino D’Anna said: “Adding EPL 7626 to our portfolio, which we believe has significant exploration potential, will become an integral component to our flagship Uis Lithium Project.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
“This is highlighted by the recent success we reported at EPL 7345 and EPL 8535, as well as its strategic location that neighbours both Andrada Mining’s Uis Tin Mine and Spodumene Hill Discovery.”
Askari expects to receive additional assay results from its previously completed phases of reverse circulation drilling at EPL 7345 and EPL 8535.
The company is planning to soon start initial field work including detailed mapping and sampling at EPL 7626 prior to planning targeted drilling campaigns.
Furthermore, the company plans to commence a targeted trenching and channel sampling campaign as well as large-scale soil geochemical surveys at the Uis Lithium Project.
Gino added: “The outcome once the trenching campaigns have been completed is to provide us with clear drill targets at the Uis Lithium Project, as we prepare to target onsite mobilisation later this year.”