Azure Minerals Limited is an Australian-based exploration and mine development company focused on progressing its portfolio of projects located in Western Australia and Mexico.
Azure has majority or sole ownership of five very exciting nickel and gold projects in WA, providing the Company with exceptional opportunities to explore and develop high-quality exploration ground.
The projects offer significant upside through strong historical exploration results, favourable geology and prime locations. Importantly, the portfolio provides Azure with diversification across commodities and jurisdictions, giving shareholders exposure to the advanced-stage Andover nickel-copper project and two of the hottest gold exploration districts in Western Australia, being Mallina in the Pilbara and Kookynie in the Eastern Goldfields.
The Company’s WA nickel and gold portfolio includes:
ANDOVER NICKEL-COPPER PROJECT: (60% Azure / 40% Creasy Group) – Azure’s ongoing diamond drilling program continues to intersect substantial nickel and copper sulphide mineralisation, indicating potential for the project to host a significant nickel-copper deposit
TURNER RIVER GOLD PROJECT: (70% Azure / 30% Creasy Group) - is located adjacent and along strike to De Grey Mining’s (ASX: DEG) Mallina project which hosts gold resource of 2.2Moz and the recently discovered Hemi gold deposit
MEENTHEENA GOLD PROJECT: (70% Azure / 30% Creasy Group) - explored by the Creasy Group since 1994 and drilled for epithermal gold mineralisation
COONGAN GOLD PROJECT: (70% Azure / 30% Creasy Group) - adjoins Novo Resources’ Beatons Creek gold project (+900,000oz gold resource)
BARTON GOLD PROJECT: (100% Azure) - located in the exciting gold-rich Kookynie Gold District in the Eastern Goldfields of WA with +3Moz gold in past production and current resources
The Mexican project portfolio is an important core business to Azure and the Company is widely regarded as the leading Australian explorer in Mexico.
Azure’s projects are located in the Tier One mining province of northern Mexico, which is recognised as a safe, stable and supportive mining jurisdiction, as demonstrated by +500 years of mining history, strong mining culture, competitive tax rates and strong regulatory environment.
Azure’s Mexican portfolio includes two advanced-stage, development-ready precious & base metals projects:
ALACRÁN SILVER & GOLD PROJECT: (100% Azure) – contains Measured and Indicated JORC Mineral Resources of 32Moz silver & 150,000oz gold, including a high-grade resource at surface of 15.5 million ounces of silver in 1.8Mt @ 275g/t Ag
OPOSURA ZINC, LEAD & SILVER PROJECT: (100% Azure) – contains near-surface Indicated and Inferred JORC Mineral Resources of 153,000t Zn & 84,000t Pb. Small-scale trial mining and processing of high-grade ore was undertaken in 2019.
Azure is led by an experienced technical and management team with proven mineral deposit discovery and project development credentials. The Company’s major shareholders include the Creasy Group (15.4%), German investment fund Deutsche Balaton – Delphi (14.4%) and major international mining company Teck Resources (9.4%).