AS2 0.00% 4.0¢ askari metals limited

I am hoping this placement will allow Askari to acquire some...

  1. 411 Posts.
    lightbulb Created with Sketch. 310
    I am hoping this placement will allow Askari to acquire some land nearby the Uis tenemenents. I have a target in mind based on aerial images that I'll share below.

    There is a swarm of very large pegmatite outcrops that occupy the southeast tip of our EPL 7345, and the northeast end of EPL 7470, held by Uis-Chi Investment Namibia. The pegmatite sub-swarm outlined below has great surface expression and show promising dimensions for high tonnage if some are mineralised.

    Tenements:
    Left - Southeast segment of EPL 7345 - (90% interest)
    Right - Northwest segment of EPL 7470 - my acquisition target

    https://hotcopper.com.au/data/attachments/5141/5141570-bd6cd04e90c1d46f5f94039370ddf33e.jpg
    https://hotcopper.com.au/data/attachments/5141/5141503-d9b2ef6f3754d911f6568b9f93aab670.jpg

    Highlighted below are, what I believe to be, two surface expressions of pegmatite. This assumption is based on similar or identical characteristics of surrounding pegmatite bodies in the Cape Cross-Uis belt. Colouring, strike length, texture, granitic outcrops, and shearing resulting in the sigmoidal pegmatite emplacement shapes that are consistent throughout.

    https://hotcopper.com.au/data/attachments/5141/5141522-55cc5bdbd6284a71699d63412bf62fa1.jpg
    https://hotcopper.com.au/data/attachments/5141/5141654-92fae651fed45137123f4da1e53c7776.jpg

    These pegmatites appear to be up to 100 metres wide each, ranging from about 750m to 1300m in length - depending on your interpretation of where the outcrop stops and the river sediment starts blurring the lines. For reference the V1/V2 pegmatite is believed to have a ~1000m strike and ~70m average width.

    A quick calculation using a generic 2.65 t/m3 for pegmatite density, and assuming a conservative 100m depth, gives us around 40-45Mt of pegmatite in just these two bodies. I think that's pretty impressive, whether it's at 0% Li2O or 1.5%.

    Andrada's CPR within the prospectus suggests that the larger, more complex pegmatite intrusions coalesce at depth, such as the V1/V2 pegmatite and the rest of the V cluster at Andrada's mine:
    https://hotcopper.com.au/data/attachments/5141/5141661-f7b990915f1bf5f56d005b7778d8aada.jpg
    If this is the case here, then there is the chance of a ~200m wide monster underground waiting to be found.


    Of course, ore body formation is completely random and nothing is guaranteed, just the same as spodumene mineralisation is certainly not guaranteed in any specific pegmatite.

    Just the results of my amateur map browsing expeditions, seems I'm turning the thread into a picture book haha.
    Cheers biggrin.png

    Last edited by westy9: 21/03/23
 
watchlist Created with Sketch. Add AS2 (ASX) to my watchlist
(20min delay)
Last
4.0¢
Change
0.000(0.00%)
Mkt cap ! $3.907M
Open High Low Value Volume
4.0¢ 4.0¢ 4.0¢ $763 19.06K

Buyers (Bids)

No. Vol. Price($)
3 21095 4.0¢
 

Sellers (Offers)

Price($) Vol. No.
4.2¢ 140550 1
View Market Depth
Last trade - 15.47pm 25/07/2024 (20 minute delay) ?
AS2 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.