GOLD

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

BASE METALS

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.

GOLD

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.

GOLD

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.