Askari stomps onto hot uranium ground in Tanzania

Askari Metals’ search for new exploration ground has led it to the wilds of Tanzania. Credit: File Askari Metals has capped off its hunt for new exploration ground by staking a claim for the 260-square-kilometre Matemanga uranium project in Tanzania as the heavy metal’s price surges on clean energy demand.

The company says its decision to pounce on the ground came on the back of extensive geotechnical reviews that identified the area as a hot uranium target with significant potential. The strategic move also coincides with uranium prices heating up and doubling in the past year as governments around the world embrace the nuclear fuel.

The Matemanga project area lies about 470km south-west of Tanzania’s capital Dar es Salaam and encloses a geological setting in line with other nearby deposits, including the Nyota uranium project that contains a resource of 124.6 million pounds of uranium oxide at an oxide grade of […]

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