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Stargazers will be able to see the asteroid using a small telescope or large binoculars, according to the European Space Agency (ESA).
According to RTE, the asteroid will come within 2,560,000 kilometres of Earth at around 12.15am Irish time on Saturday.
The large asteroid will harmlessly zoom past Earth, from a distance that is more than six times the distance between the Earth and the Moon.
As quoted by RTE, Juan Luis Cano of the ESA's Planetary Defence Office said in a statement: "A close approach to Earth by an object this size only occurs every few years, although this time the bright nearby Moon might impede its observability at closest approach."
Visibility of the asteroid depends on how dark the sky is when it passes.
The asteroid is called (152637) 1997 NC1 and will be speeding past Earth at nearly nine kilometers a second and poses no threat to Earth.
Reports have stated that the asteroid will be visible from parts of the Northern Hemisphere as it approaches, everywhere when it passes Earth and then only the Southern Hemisphere as it departs.
Forbes has revealed why this asteroid in particular is getting so much attention. They said that the 1997 NC1 is five times the height of the Eiffel Tower. An asteroid of this size only comes around once a decade, which makes this weekend a rare observing oppurtunity.
The Virtual Telescope Project will be showing the asteroid on their YouTube channel live on Friday, June 26, and Saturday, June 27. The online boradcast will feature live telescope views and commentary from astrophysicist Gianluca Masi, founder and director of the project.