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ASKARI METALS LIMITED Capital/Financing Update 2022

Jan 11, 2022

64428_rns_2022-01-11_3861a7d6-021b-4c61-bd6d-f583bf1044fa.pdf

Capital/Financing Update

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ASX Release

12 January 2022

Excellent Copper-Gold results from second phase sampling program at Horry Copper Project, WA

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SampleID	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm	Cu_% Au_ppm Ag_ppm Se_ppm Bi_ppm As_ppm Sn_ppm Sb_ppm Co_ppm Pb_ppm Zn_ppm Mn_ppm Mo_ppm
AS201887	8.49		0.71		42		72	20.1		2460	54	6	345			250			82	804			2.7
AS201859	3	.66	0.63			12	11	14.	3	215	10	1	1		48		72	28			300			0.5
AS201889	0.94		0.03		5		3	0.6		115	5	3	28			20		26			224		1.		4
AS201888	0.56		0	.24	3		6	3.5		317	8	2		69			83	20			280			0.6
AS201899	0.53		0	.27		10	3	1.5		201	8	2	14			20		16			238			0.5
AS201886	0.52		0.08		4		2	2.3		176	5	2		88		35		30		52		2		0.5
AS201858	0.23		0.02		2		3	3.4		63	11	1	24			43		34			148			0.5
AS201898	0.21		0.00		1		2	0.8		73	9	2	13			8		30			192			0.5
AS201892	0.20		0.01		1		2	1.4		251	8	1		112		15		34			320			0.9

SampleID	Cu_%	Cu_%	Au_ppm	Ag_ppm	Ag_ppm	Ag_ppm
AS201862	2.85		0.37	10.8
AS201853	1.6	7	0.18	5.8		7
AS201751	0.008		5.20		1.61


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AI assistant

ASKARI METALS LIMITED Capital/Financing Update 2022

64428_rns_2022-01-11_3861a7d6-021b-4c61-bd6d-f583bf1044fa.pdf

ASX Release

12 January 2022

Excellent Copper-Gold results from second phase sampling program at Horry Copper Project, WA

The Horry Copper-Gold Project, Western Australia (AS2 – 100%)

Project Geology

Discussion of Results

Future Work

ENDS

About Askari Metals Limited

Caution Regarding Forward-Looking Information

Competent Person Statement

SampleID	Orig_East	Orig_North	Cu_ppm	Au_ppb	Ag_ppm	As_ppm	Bi_ppm	Co_ppm	Pb_ppm	Zn_ppm	Sn_ppm	Te_ppm	Sb_ppm	Mn_ppm	U_ppm	Mo_ppm
AS201751	306610	7912866	80	5200	1.6	6.8	0.0	35.4	4	80	0.8	-0.1	2.4	1070	0.4	0.4
AS201752	306593	7912909	66	-1	0.1	2.6	0.0	1.3	10	6	0.4	-0.1	0.8	142	-0.1	0.5
AS201757	306702	7912815	28	51	0.1	24.4	0.5	11.5	24	68	4.2	-0.1	2.2	626	2.3	0.7
AS201758	306700	7912825	48	3	0.1	8.4	0.3	26.0	17	82	2.8	-0.1	2.1	922	1.6	0.5
AS201759	306770	7912866	2	32	0.1	1.0	0.1	2.8	11	8	-0.2	-0.1	0.3	1280	-0.1	0.5
AS201760	306816	7912838	34	13	0.1	14.8	0.5	22.1	26	98	4.8	-0.1	1.9	940	2.9	0.5
AS201761	306663	7912709	6	-1	0.1	1.6	0.1	0.9	3	6	-0.2	-0.1	0.4	158	-0.1	0.8
AS201762	306665	7912684	4	-1	0.2	1.0	0.0	1.0	9	10	-0.2	-0.1	0.8	134	-0.1	0.7
AS201763	306638	7912671	2	2	0.1	2.2	0.1	7.5	14	64	1.0	-0.1	0.5	870	1.4	0.5
AS201764	306651	7912623	2	-1	0.1	1.8	0.0	6.7	11	36	0.4	-0.1	0.5	336	-0.1	0.8
AS201765	306662	7912631	4	2	0.1	4.0	0.1	8.9	9	30	0.4	-0.1	0.5	290	-0.1	0.7
AS201766	306648	7912595	4	2	0.1	7.4	0.5	3.2	9	30	0.4	0.2	0.9	384	0.6	1.0
AS201767	306684	7912649	20	2	0.1	4.4	1.0	6.8	14	26	0.4	0.2	0.5	408	-0.1	1.0
AS201768	306686	7912731	8	-1	0.2	3.6	0.0	2.0	7	12	-0.2	-0.1	1.0	218	0.2	0.6
AS201769	306715	7912794	-2	6	0.1	5.6	0.2	1.1	9	8	2.0	-0.1	0.5	522	1.3	0.7
AS201771	306773	7912865	-2	-1	0.1	1.4	0.0	1.8	3	20	-0.2	-0.1	0.4	930	-0.1	0.6
As201777	306500	7912557	56	5	0.1	3.4	0.4	11.2	14	106	6.2	-0.1	1.6	334	4.6	0.6
As201778	306442	7912613	36	33	0.1	45.2	0.5	18.9	25	114	6.6	-0.1	1.8	502	4.1	0.3
AS201779	306421	7912632	10	6	0.2	43.8	0.0	3.5	17	20	-0.2	-0.1	2.0	816	0.3	0.8
As201781	306781	7912730	88	-1	0.1	1.6	0.0	47.1	5	96	0.8	-0.1	1.7	1480	0.2	0.3
As201782	306838	7912674	102	2	0.1	0.4	0.0	44.9	3	104	0.8	-0.1	2.2	1480	0.2	0.3
AS201783	306737	7912771	30	5	0.2	5.8	0.1	5.0	13	34	1.2	-0.1	1.4	368	0.9	1.2
As201784	306385	7912669	50	27	0.1	33.6	3.1	17.0	39	124	7.0	0.2	1.4	446	4.4	0.4
As201785	306328	7912725	28	3	0.1	18.0	0.8	9.7	28	66	8.0	-0.1	1.8	318	4.9	0.5
As201786	306271	7912781	84	-1	0.1	6.6	0.1	46.9	4	100	1.0	-0.1	2.3	1480	0.2	0.4
As201787	306214	7912837	14	10	0.0	2.8	0.8	18.3	10	112	6.2	-0.1	1.1	414	2.9	0.4
AS201788	306181	7912878	50	5	0.4	4.8	0.7	3.5	20	78	-0.2	-0.1	1.0	188	0.6	1.1
As201789	306157	7912893	82	3	0.1	15.0	0.9	12.5	38	74	7.6	-0.1	1.2	220	4.9	0.7
AS201790	306154	7912889	22	-1	0.1	0.8	0.0	1.6	2	12	0.4	-0.1	0.5	142	0.3	0.5
AS201791	306726	7912560	30	5	0.1	12.6	0.9	9.9	14	112	6.8	-0.1	0.9	364	5.0	0.3
AS201792	306785	7912503	88	2	0.1	-0.2	0.1	61.8	3	138	1.4	-0.1	1.3	1640	0.6	0.3
AS201793	306808	7912476	2	-1	0.1	2.0	0.1	2.3	6	32	0.4	-0.1	0.5	334	0.2	0.5
AS201794	306839	7912446	10	-1	0.1	1.6	0.0	2.2	4	14	-0.2	-0.1	0.4	178	-0.1	0.5
AS201795	306838	7912447	52	-1	0.1	1.2	0.1	38.1	7	114	1.0	-0.1	0.5	1390	0.5	0.5
AS201796	306842	7912228	4	-1	0.1	1.6	0.7	2.3	8	22	0.4	-0.1	0.8	182	0.2	0.5
AS201797	306781	7912277	-2	-1	0.1	1.4	0.1	1.0	8	10	-0.2	-0.1	1.4	184	-0.1	0.5
AS201798	306727	7912334	100	89	0.2	61.0	0.4	6.2	8	8	0.4	-0.1	2.7	176	0.7	2.7
AS201799	306669	7912390	20	6	0.1	32.4	0.3	9.7	12	36	4.2	-0.1	1.7	352	2.4	0.9
AS201800	306615	7912442	30	2	0.1	4.8	0.1	23.6	7	36	0.6	-0.1	3.3	680	0.2	1.7
AS201852	306555	7912504	76	-1	0.1	2.0	0.1	41.4	8	96	0.8	-0.1	3.4	1270	0.3	0.9
AS201853	306126	7912910	16700	176	5.9	14.0	1.9	5.0	19	46	11.4	0.6	1.2	508	5.6	1.1
AS201854	306489	7912781	5900	39	2.7	13.4	0.8	27.1	13	82	5.8	0.4	2.5	1140	2.3	0.6
AS201855	306051	7911364	46	5	0.3	29.0	3.3	8.0	20	52	1.8	0.3	0.7	216	1.7	0.8
AS201856	306558	7912722	150	2	0.1	24.4	0.1	36.3	6	82	0.8	0.2	5.1	1150	0.4	0.4
AS201857	306055	7911358	44	5	0.2	28.2	0.9	7.2	11	54	1.6	-0.1	0.9	220	1.6	0.8
AS201858	306099	7911380	2290	23	1.6	63.2	3.4	23.8	43	34	10.6	0.2	1.1	148	6.4	0.5
AS201859	306107	7911382	36600	634	12.4	215.0	14.3	148.0	72	28	10.2	0.2	0.7	300	10.9	0.5
AS201860	306175	7911388	294	12	0.5	154.0	20.2	16.0	31	22	2.2	0.4	1.4	158	3.6	1.9
AS201861	306124	7912909	26	2	0.0	18.8	0.6	16.8	17	78	1.6	0.2	0.5	834	4.7	0.6
AS201862	306125	7912911	28500	367	10.8	31.2	3.3	7.7	35	56	20.6	0.6	1.9	440	6.8	2.1
As201864	306383	7912895	922	11	0.6	10.0	0.3	19.8	18	120	7.0	0.2	0.9	454	4.8	0.4
AS201865	306379	7912894	130	2	0.2	3.0	0.1	3.9	8	20	0.4	-0.1	0.7	242	0.2	0.5
As201866	306440	7912839	58	2	0.1	1.0	0.0	1.4	3	8	-0.2	-0.1	0.4	276	-0.1	0.5
AS201867	306428	7912837	56	5	0.2	8.4	0.1	1.9	6	6	-0.2	-0.1	0.8	98	0.2	0.3
AS201868	306076	7911371	508	88	0.3	61.0	1.2	55.6	13	32	5.6	-0.1	0.5	190	3.4	0.7
AS201869	306080	7911372	578	88	1.6	144.0	2.9	20.6	55	10	11.4	-0.1	1.6	112	4.1	0.5
AS201869	306270	7911456	578	88	1.6	144.0	2.9	20.6	55	10	11.4	-0.1	1.6	112	4.1	0.5
AS201875	306323	7911416	32	8	0.4	5.2	16.1	4.2	118	48	1.0	0.3	1.2	296	1.0	1.0
AS201877	306375	7911499	288	5	0.4	49.6	0.9	9.8	67	16	1.6	0.4	2.7	178	3.1	1.7
AS201878	306439	7911571	288	10	0.7	36.0	1.9	4.9	20	44	0.8	-0.1	0.7	176	2.1	0.6
AS201881	306063	7911378	70	7	0.1	41.6	0.5	7.4	27	68	7.2	-0.1	0.9	258	5.0	0.5
AS201882	306047	7911371	46	6	0.2	39.6	0.8	7.4	20	50	2.6	-0.1	0.6	258	1.9	0.6
AS201883	306083	7911388	70	13	0.2	69.4	0.6	14.7	21	68	4.8	-0.1	0.8	458	3.2	0.6
AS201883	306082	7911388	70	13	0.2	69.4	0.6	14.7	21	68	4.8	-0.1	0.8	458	3.2	0.6
AS201884	306106	7911383	352	19	0.1	73.2	2.0	29.1	16	56	10.0	0.2	1.2	220	5.2	0.6
AS201885	306166	7911372	72	7	0.1	737.0	0.3	16.2	22	404	2.2	-0.1	1.3	224	4.7	1.1
AS201886	306252	7911452	5240	81	3.9	176.0	2.3	88.1	35	30	4.6	-0.1	1.7	522	6.0	0.5
AS201887	306263	7911457	84900	713	42.2	2460.0	20.1	345.0	250	82	54.0	0.2	6.1	804	20.4	2.7
AS201888	306289	7911463	5550	242	2.6	317.0	3.5	68.5	83	20	7.8	-0.1	2.1	280	12.5	0.6
AS201889	306334	7911482	9420	28	5.3	115.0	0.6	28.3	20	26	4.8	-0.1	3.3	224	3.6	1.4
AS201890	306342	7911481	94	9	0.4	63.8	4.6	10.1	242	24	11.8	0.2	3.3	76	8.2	1.7
AS201891	306098	7911377	532	25	0.4	104.0	2.3	82.4	16	38	5.4	-0.1	1.1	212	3.9	0.7
AS201892	306103	7911379	1950	10	1.3	251.0	1.4	112.0	15	34	7.8	-0.1	1.1	320	3.7	0.9
AS201893	306158	7911377	170	4	0.7	18.0	1.1	5.5	50	30	2.4	-0.1	0.7	108	1.4	0.5
AS201894	306238	7911432	92	4	0.2	57.2	0.9	6.6	40	54	5.8	0.4	2.7	212	4.9	1.8
AS201895	306254	7911447	196	14	0.1	32.8	1.9	14.9	18	80	4.6	0.2	2.7	430	6.5	2.5
AS201897	306282	7911460	574	13	1.6	84.2	1.4	65.6	8	42	3.0	-0.1	1.1	358	4.4	0.6
AS201898	306287	7911464	2070	3	1.0	73.0	0.8	12.9	8	30	9.2	-0.1	1.8	192	12.1	0.5
AS201899	306295	7911465	5280	266	9.8	201.0	1.5	13.8	20	16	8.2	-0.1	2.1	238	10.6	0.5

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ASKARI METALS LIMITED — Capital/Financing Update 2022

64428_rns_2022-01-11_3861a7d6-021b-4c61-bd6d-f583bf1044fa.pdf

ASX Release

12 January 2022

Excellent Copper-Gold results from second phase sampling program at Horry Copper Project, WA

The Horry Copper-Gold Project, Western Australia (AS2 – 100%)

Project Geology

Discussion of Results

Future Work

ENDS

About Askari Metals Limited

Caution Regarding Forward-Looking Information

Competent Person Statement

More from ASKARI METALS LIMITED

ASKARI METALS LIMITED Capital/Financing Update 2022