Azure Minerals Limited (ASX: AZS) is an Australian-based, emerging mining company focused on developing its portfolio of projects in Mexico.
Led by an experienced technical and management team with proven mineral deposit discovery and mine building credentials, the Company is currently moving towards production at its 100%-owned, advanced-stage Oposura zinc-lead-silver project, located in northern Mexico.
Oposura has JORC resources of 3.1Mt @ 5.0% Zn, 2.7%Pb & 18g/t Ag, with significant exploration upside. Studies have identified an initial 6-year mine life at an annual production rate of 500,000tpa (1,500tpd), for annual metal in concentrate production of 19,000 tonnes of zinc, 10,000 tonnes of lead and 145,000 ounces of silver.
The 2018 Scoping Study completed by the Company showed that, when in production, Oposura is expected to be in the lowest cost quartile of global zinc producers.
Azure is currently focused on delivering early-stage cash flow from Oposura by exploiting easily accessible, high-grade mineralisation through a small-scale mining and toll treatment operation. This cashflow will support the completion of the Feasibility Study and assist funding the development of the stand-alone, full-scale mining and processing operation.
In addition to Oposura, Azure also holds a portfolio of other high-quality precious and base metals projects in northern Mexico. Alacrán is Azure’s other major project, where the Company has discovered two precious metal deposits that together contain Mineral Resources of 32 million ounces of silver and 150,000 ounces of gold. Being located in one of the world’s great copper mining districts, Alacrán also has potential to host a major copper deposit.
Azure is widely regarded as the leading Australian explorer in Mexico and is now Mexico’s newest mining company.
Azure is committed to delivering value for shareholders through progressing its diversified project portfolio by: