Askari Metals Limited Launches Ambitious High-Grade Exploration at Nejo Gold & Copper Project in Ethiopia, Targeting Maiden JORC Resource and Drill-Ready Opportunities

Thursday, July 31, 2025
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8:17 am
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Askari Metals Limited kicks off a robust exploration program at its flagship Nejo Gold and Copper Project in Ethiopia. Fieldwork targets high-grade gold zones and promising copper mineralisation, with drill-ready sites set for Q4 2025 to unlock significant resource potential.

Askari Metals Limited has announced the commencement of an extensive regional exploration program at its flagship Nejo Gold and Copper Project in Central-Western Ethiopia. The project spans approximately 1,174 square kilometers on the highly prospective Arabian-Nubian Shield, a region known for its significant mineral deposits. The exploration initiative focuses on systematically targeting high-grade, near-surface gold mineralisation along two primary gold corridors. The Guliso Trend, with a strike length of about 10 kilometers, hosts several promising targets including Soyoma, Dina, Chago, and South Chago, while the Guji-Gudeya Trend, spanning around 9 kilometers, encompasses drill-ready prospects such as Guji, Komto 1, and Komto 2. Initial fieldwork like geological mapping, soil and rock sampling, and trenching is currently underway, setting the stage for a focused drilling program expected to start in the final quarter of 2025. The technical aspects of the campaign are supported by robust historical data from trenching and drilling programs that previously confirmed high-grade gold at shallow depths. In addition, preliminary work at the Katta Target has identified high-grade copper mineralisation, suggesting that the project could offer dual commodity potential. The Nejo project benefits from a district-scale tenure adjacent to established mining operations, including a nearby project with a proven resource of 1.7 million ounces, and it lies on the same greenstone belt as other major gold deposits in the region. This geologically favorable setting, combined with a low geological risk profile, provides a compelling pathway toward the delineation of a JORC-compliant resource. The announcement also highlights Askari Metals Limited’s commitment to a disciplined, cost-effective exploration strategy while engaging proactively with regional stakeholders. The company is working to establish transparent relationships with local communities, government bodies, and regional partners to ensure that exploration activities contribute positively to sustainable local development. The integration of modern exploration techniques with existing historical data underscores the potential for significant value creation as the project advances toward a maiden resource definition. Market sentiment regarding this development appears mixed. On the bullish side, the Nejo Gold and Copper Project is backed by extensive historical exploration data and boasts multiple high-grade, drill-ready targets in a premier mining district, which could result in a substantial resource discovery and increased shareholder value. Conversely, the bearish perspective highlights the inherent exploration risks, including the reliance on historical data, the uncertainties linked to early-stage drilling outcomes, and potential regulatory or funding challenges that could delay project milestones. Overall, these exploration activities position Askari Metals Limited to potentially emerge as a key player in the gold and copper exploration space within Africa.

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