Azure is committed to delivering value for shareholders through progressing its portfolio of precious and base metal projects.

Australia

• Continue advancing the Andover Ni-Cu-Co Project through the Mineral Resource and Scoping Study stages.
• Drilling the unexplored 450km² Turner River Gold Project seeking repetitions and extensions of the nearby Mallina and Hemi gold deposits.
• Drilling on the under-explored 200km² Barton Gold Project which is located between several large and growing gold deposits in the gold-rich Kookynie Gold District.
• Identify new opportunities that offer low-cost entry into projects with significant upside.

Mexico

Azure has commenced a strategic review of its 100%-owned precious metals and base metals projects in Mexico, including the Alacrán silver-gold-copper project and the Oposura zinc-lead-silver project.

The Board’s objective is to optimise the value of the Mexican assets for Azure’s shareholders. The Company is assessing all opportunities to deliver value to our shareholders by divesting these assets. Options could include a full or partial sales, de-merger or other alternative transaction structures.