Azure Minerals Limited (ASX: AZS) has delivered a maiden Mineral Resource Estimate (MRE) for the Ridgeline Deposit, which is the second Mineral Resource to be defined on the Andover Nickel Project located in the West Pilbara region of Western Australia.
Ridgeline contains 1.3Mt @1.11% Ni, 0.46% Cu and 0.05% Co for 14,700t of contained Nickel, 6,100t of contained Copper and 640t of contained Cobalt at a cut-off grade of 0.5% Ni (JORC 2012).
Global Mineral Resources for the Project, including both the Andover Deposit and the Ridgeline Deposit, now stand at 6Mt @1.11% Ni, 0.47% Cu and 0.05% Co for 66,400t of contained Nickel, 27,800t of contained Copper and 3,100t of contained Cobalt at a cut-off grade of 0.5% Ni (JORC 2012).
“I am pleased to present the Ridgeline Mineral Resource Estimate which is a great result and demonstrates that there continues to be excellent potential to significantly expand the resource base of the Andover Nickel Project through ongoing exploration success,” Managing Director, Tony Rovira, said.
“With the final and deepest drill hole at Ridgeline returning the best mineralized intersection to date (14.5m @ 2.26% Nickel), I am confident that we can grow this resource even further.
“It is a credit to our exploration team that, after just over two years, we are in the position to be able to release a second robust Mineral Resource Estimate for Andover. Ridgeline is blind to surface, which increased the challenge of identifying and defining the mineralization.
“Given the technical understanding and knowledge that our team has built up through systematic exploration of the project area, I am confident that the team can deliver more discoveries.
“Azure is in an excellent position to continue to explore and realise the nickel potential of the Andover Project and I look forward to providing further updates as we progress.”
The Project is located 35km southeast of Karratha and immediately south of the town of Roebourne. Excellent infrastructure such as airports, port access, railway, grid power, sealed highway and support services are readily available in the local district.
The Ridgeline Deposit is within Exploration Licence E47/2481, which is a joint venture between Azure (60%) and the Creasy Group (40%).
For further information please visit: https://azureminerals.com.au/
