ASKARI METALS ORD

Askari Metals (ASX: AS2) has completed the $700,000 sale of its Australian subsidiary First Western Gold (FWG) to Forrestania Resources (ASX: FRS). The deal, which the two companies announced in mid-September, aligns with Askari’s strategy of focusing on its large African exploration projects. The divestment of seven exploration licenses and an exploration license application – including the […]

Askari Metals (ASX: AS2) has announced a rights issue aimed at adding a further $1.5 million to support its exploration of the Nejo gold-copper project in Ethiopia. The new funding move comes on top of the company’s $700,000 sale of Australian subsidiary First Western Gold to Forrestania Resources (ASX: FRS) in mid-September. The growing bank balance will assist […]

Askari Metals (ASX: AS2) has added $700,000 to its African exploration funds with the sale of Australian subsidiary First Western Gold to Forrestania Resources (ASX: FRS). The company will receive $250,000 in cash, along with tradable shares currently valued at $450,000, from Forrestania in exchange for seven exploration licenses and one exploration license application in […]

Askari Metals (ASX: AS2) is preparing to submit an immediate start-work program for the Nejo gold and copper project in Ethiopia after making further progress with due diligence covering its acquisition. Askari announced in early July 2025 that it was acquiring Nejo from Xingxu Mining for an upfront acquisition cost of $200,000 in cash, $200,000 […]