Accelerating exploration and development of our high-grade LITHIUM and NICKEL assets at the Andover Project
Battery Metals for a Cleaner and Greener Future.
Azure Minerals Ltd is led by a proven and well-credentialled 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. 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.
Andover lithium and nickel-copper-cobalt project
(60% Azure / 40% Creasy Group)
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 program with 6-8 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 mineralisation of:
100 – 240 million tonnes 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.
Combined Mineral Resource Estimates for the Andover Deposit (ASX: 30 March 2022) and the Ridgeline Deposit (ASX: 8 February 2023) total 6Mt @ 1.45% NiEq. The total contained metal is 100,000t of nickel, copper and cobalt.
Nickel sulphide exploration is continuing to test numerous high priority targets comprising outcropping nickel and copper-rich gossans overlying bedrock-hosted geophysical anomalies.
Barton gold and base metal project
Azure holds a large and mostly contiguous, strategically situated portfolio of eight tenements covering 888km2 within the gold rich Kookynie district and southern extensions
Several large and growing gold deposits and significant gold development projects are located in the Kookynie district close to Azure’s projects
The southern part of the Barton tenement package is considered prospective for base and precious metals mineralisation of the Volcanogenic Massive Sulphide (VMS)-style (being copper, zinc, lead, gold and silver).
This area has all the hallmarks of a highly prospective, yet under-explored project and Azure’s exploration team believes that there is potential to discover significant base metal and gold mineralisation by utilising modern geophysical techniques such as Electro-Magnetic and Induced Polarisation surveys, detailed surface mapping and sampling, followed by targeted drilling.
Turner river gold project
(70% Azure / 30% Creasy Group)
Turner River comprises two Exploration Licence Applications covering 450km2. Turner River is located near to De Grey Mining’s (ASX: DEG) Mallina project which hosts total gold resources of 10.6Moz, including the 8.5Moz world-class Hemi gold deposit.
Widespread sand cover conceals basement rocks comprising sedimentary units of the Mallina Formation, granite intrusions and the Louden Volcanics, an Archean-age greenstone belt. There are no indications of drilling or other historical exploration activities within the project area.
Given the extensive sand cover and minimal outcrop, little historical exploration, favourable rock types in a fertile structural setting, together with proximity to De Grey’s gold deposits, Azure considers there to be good potential for Turner River to host substantial gold mineralisation.
Azure will undertake geophysical surveys and drilling within this unexplored project as soon as the tenements are granted.
Coongan Gold Project
(70% Azure / 30% Creasy Group)
Coogan is located in the eastern Pilbara about 8km to the west of the town of Nullagine and covers an area of 223km2.
Numerous mineral occurrences have been reported in the district surrounding Coongan, including gold to the northwest and east, copper to the north, Channel Iron Deposits to the south and tin, tantalum and lithium to the east. The project is considered prospective for these metals and minerals.
Exploration undertaken by Azure since acquisition of its interest in the project comprises geological mapping, surface geochemical sampling (stream sediment, soils and rock chips), and geophysics consisting of airborne magnetic and radiometric surveys.
Several target areas consider prospective for precious and base metals and iron ore have been identified, and follow-up exploration is planned.
Azure is striving towards a decarbonised future for mining operations in a proportionate and sustainable manner.
Azure is committed to creating positive relationships for long-term success through active community engagement.
Health & Safety
Azure prioritises the health and safety of our employees, consultants, contractors and stakeholders, focusing on minimising risk for all involved in our projects.