ASKARI Metals has announced the discovery of significant deposits of critical minerals at its Uis Project.
The Australian-listed company told investors on 1 April that it had confirmed five metals during the first phase of its trenching programme.
“The Uis Project is emerging as a high-grade polymetallic critical minerals asset with exposure to tin, lithium, tantalum, rubidium and caesium. It sits in a proven mining district with direct access to the Walvis Bay Deepwater Port, less than 230km away by tarred road,” company executive director Gino D’Anna said in the announcement.
Askari’s Uis project is directly next to Andrada Uis Tin Mine, which is the most advanced tin mining operation in Namibia.
“Despite sharing the same geology as the nearby Uis tin mine, the potential of the Uis Project to host significant tin and tantalum mineralisation was never a focus in previous exploration or analysis,” D’Anna said.
He said the existence of these metals enhances the economic attractiveness of the project.
Tin prices are exceptionally high, driven by the use of the metal in electric vehicles and renewable technology. Tantalum is also a critical metal with a wide range of applications. Both metals are targeted by Andrada at its Uis mine.
Askari’s trenching programme systematically tested four target areas within the company’s exclusive prospecting licence.
The company intends to use the results from this testing to inform renewed drilling operations in the second half of 2026.
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