Accelerating exploration and development of our high-grade lithium and nickel assets at the Andover Project
Stock Code:
ASX: AZS
Company Exposure:
Lithium, Nickel, Cobalt, Gold
Project Locations:
Australia
Azure Minerals Ltd is led by a proven and well-credentialed technical and management team with a track record of successfully exploring and developing projects into long-term operations.
Azure has embarked on an accelerated growth strategy to rapidly advance the company’s multi-commodity, battery metals-rich Andover Project. Andover is a globally significant lithium exploration project and is also host to two nickel-copper-cobalt deposits. The major focus is on building lithium resources through an intensive multi-rig drilling campaign and commencing development studies. Progressing the nearby nickel-copper-cobalt sulphide deposits is continuing through ongoing exploration and development studies.
Investment Highlights
The company is focused on the Andover Lithium and Nickel Project, located in the Pilbara region of Western Australia
Andover Project
(60% Azure / 40% Creasy Group)
- The 108km2 Andover Project is located in the West Pilbara region of Western Australia. The project is located immediately south of the town of Roebourne (pop: approx. 1,000) and 35km southeast of Karratha (pop: approx. 23,000)
- Excellent local infrastructure exists throughout the district, with sealed highways, potable water pipeline, gas pipeline, high voltage electrical power lines, airports, and port access, with mining, commercial, and residential support services
Lithium
- The Andover Lithium Project comprises hundreds of outcropping spodumene-bearing, lithium-rich pegmatites within an area of 9km (east-west) and up to 5km (north-south). Surface sampling returned numerous high-grade lithium assays between 1% to 5% Li2O
- Andover is undergoing an intensive exploration and resource delineation drilling programme with six to eight diamond core rigs and several reverse circulation (RC) rigs operating.
- Drilling has been very successful, with multiple +100m to +200m mineralized intersections hosting lithium grades of 1.2% Li2O to 1.3% Li2O being returned
- An exploration target has been published, encompassing an estimated range of potential mineralization of: 100 – 240Mt grading at 1.0 – 1.5% Li2O*
*The potential quantity and grade of the exploration target is conceptual in nature. There has been insufficient exploration to estimate a mineral resource and it is uncertain if further exploration will result in the estimation of a mineral resource. - A maiden mineral resource estimate is expected in Q1 of 2024 and a PEA / scoping study is expected to be completed by Q4 2024
- With substantial strike lengths (>2,000m), thicknesses (>100m true widths), and depth extents (from surface to >400m vertically below surface) of the many pegmatites that drilling has intersected, and the overall abundance of as-yet untested outcropping pegmatites that contain high-grade lithium mineralization at surface, Azure is confident that Andover has the potential to host one of the largest lithium resources globally