Hope Askari isn’t caught up in what looks to be a bit of a mess with the tenements. EPL7248 is the tenement directly to the south of ours owned by a Chinese company alluded to in the exploration update.
https://neweralive.na/in/posts/uis-wants-illegal-mining-gone
It is a worry that the assays are taking so long. Neighbouring Prospect Resources completed a 2,000m program on exactly the same day 15th Dec that Askari did, and released their assay results on 28th March. This was even achieved with a delay in their assays due to duplicate samples not being completed with the original batch.
Also disappointing to note that some of the pegmatites pinch at depth, hopefully this isn’t linked to the delay in releasing these results.
Hopefully provides some context to the share price weakness.
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Ann: Askari Provides Exploration Update at Uis Lithium Project, page-27
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