Askari Metals Completes Technical Due Diligence at Nejo Gold and Copper Project

Askari Metals Limited (ASX: AS2) has successfully completed technical due diligence at its flagship Nejo Gold and Copper Project in Central-Western Ethiopia, a critical step toward finalizing its strategic acquisition, pending shareholder approval. The 1,174km² advanced brownfields project lies on the prolific Arabian-Nubian Shield, renowned for hosting multi-million-ounce gold deposits, including the 3.4Moz Kurmuk Mine and 1.7Moz Tulu Kapi Mine.

Nejo features mineralized extensions of Tulu Kapi and multiple high-grade gold and copper targets, with historical exploration comprising RC and diamond drilling, trenching, rock and soil sampling, mapping, and geophysics confirming significant resource potential. Askari’s due diligence validated drill-ready prospects at Guji, Komto 1, and Komto 2 along the Guji-Gudeya Gold Trend, underpinning confidence in unlocking value through modern exploration. Planned programs include soil and rock sampling, geological mapping, airborne geophysics, trenching, and maiden drilling to fast-track a potential JORC-compliant resource. This acquisition positions Askari to establish a leading gold and copper portfolio in Ethiopia’s emerging mining sector.

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