In December 2020, Askari Metals and Springdale Gold Pty Ltd, a wholly owned subsidiary of Askari Metals, entered into a tenement acquisition agreement with Belres Pty Ltd to acquire the Springdale Copper-Gold Project (comprising exploration licence application 5975) located in the Lachlan Fold region of New South Wales.
In January 2021, Springdale Gold Pty Ltd directly staked the Callawa Copper Project (comprising exploration licence application 45/5842), located in Western Australia.
Following this, in March 2021, Askari Metals entered into a share sale agreement to acquire 100% of the issued capital of First Western Gold Pty Ltd to facilitate the acquisition of the Horry Copper Project (comprising exploration licence E80/5313), the Burracoppin Gold Project (comprising exploration licence E70/5049) and the Mt Maguire Gold Project (comprising exploration licenses 52/3718 and 52/3719 and exploration licence application 47/4170), each located in Western Australia.
This finalised the assembly of the Company’s copper and gold exploration projects, which will result in the Company, following its IPO, owning a 100% interest in the Springdale Copper-Gold Project located in NSW and a 100% interest in each of the Callawa Copper Project, the Burracoppin Gold Project, the Mt Maguire Gold Project and the Horry Copper Project, each located in Western Australia.
It is anticipated that AS2 will list on the ASX during July 2021.
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