By: Proactive investors

Askari Metals Ltd has formally completed the strategic acquisition of the Nejo Gold-Copper Project in Ethiopia, establishing a district-scale position on the highly prospective Arabian-Nubian Shield. The deal grants the company ownership of a 1,174-square-kilometre project area, situated near Kefi Gold + Copper's 1.7-million-ounce Tulu Kapi development and along strike from Allied Gold's 3.4-million-ounce Kurmuk deposit.

The company has commenced fieldwork on two major gold corridors, the Guji-Gudeya and Guliso trends, which together span over 18 kilometres. This early-stage work includes soil and rock sampling, geological mapping, and trenching, paving the way for a maiden drilling program. The campaign aims to validate historical drilling results and extend known mineralised zones at several high-grade targets.

An expanded copper-focused campaign is also underway at the Katta target, where historical drilling identified high-grade copper mineralisation. Askari Metals believes the combination of brownfields geology, extensive historical data, and multiple near-surface targets provides a clear pathway to defining a maiden JORC-compliant mineral resource. The company is now well-funded for this accelerated exploration push, following a recent oversubscribed $1.6 million entitlement offer.