ASKARI METALS LIMITED — Capital/Financing Update 2024

Nov 21, 2024

ASX: AS2

Askari Metals Limited ( ASX: AS2 ) (“ Askari ” or “ Company ”) hereby provides Notice to the ASX under section 708A(5)(e) of the Corporations Act 2001 (Act) for the securities issued as disclosed in today’s Appendix 2A.

For the purposes of section 708A(5)(e) of the Corporations Act the Company states that:

• a) the Securities were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• b) as at the date of this Notice, the Company has complied with:

  • i) the provisions of Chapter 2M of the Act as they apply to the Company; and ii) section 674 and section 674A of the Act; and

• c) as at the date of this Notice, there is no excluded information, as that term is defined in sections 708A(7) of the Corporations Act that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

By order of the Board,

Leonard Math Company Secretary

FOR FURTHER INFORMATION PLEASE CONTACT

INVESTORS

Gino D’Anna

MANAGING DIRECTOR

• M. +61 400 408 878

• E. gino@askarimetals.com

ACN 646 034 460 I askarimetals.com

ASX: AS2

==> picture [595 x 83] intentionally omitted <==

----- Start of picture text ----- ASX RELEASE8 November 2024----- End of picture text -----

ABOUT ASKARI METALS

Askari Metals is a focused Southern African exploration company. The Company is actively exploring and developing its Uis Lithium Project in Namibia located along the Cape-Cross – Uis Pegmatite Belt of Central Western Namibia. The Uis project is located within 2.5 km from the operating Uis Tin-Tantalum-Lithium Mine which is currently operated by Andrada Mining Ltd and is favourably located with the deep water port of Walvis Bay being less than 230 km away from the Uis project, serviced by all-weather sealed roads. In March 2023, the Company welcomed Lithium industry giant Huayou Cobalt onto the register who remains supportive of the Company’s ongoing exploration initiatives.

The Company has also recently acquired the Matemanga Uranium Project in Southern Tanzania which is strategically located less than 70km south of the world-class Nyota Uranium Mine. Askari Metals is actively engaged in due diligence to acquire further uranium projects in this emerging tier-1 uranium province.

The Company is currently assessing its options for a divestment strategy of the Australian projects which includes highly prospective gold, copper, lithium and REE projects.

For more information please visit: www.askarimetals.com

ASX: AS2

ACN 646 034 460 I askarimetals.com