Azure Minerals Delivers Maiden Mineral Resource for Andover
THE DRILL SERGEANT: Azure Minerals (ASX: AZS) released the long-awaited maiden Mineral Resource Estimate (MRE) for the Andover deposit, the first prospect drilled in the company’s Andover nickel-copper-cobalt project (60% Azure / 40% Creasy Group) in the West Pilbara region of Western Australia.
The Andover deposit is estimated to contain 4.6 million tonnes at 1.11 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt for 51,700 tonnes of contained nickel, 21,700 tonnes of contained copper and 2,290 tonnes of contained cobalt at a cut-off grade of 0.5 per cent nickel (JORC 2012).
This includes a high-grade resource component of 2 million tonnes at 1.41 per cent nickel, 0.49 per cent copper and 0.06 per cent cobalt at a cut-off grade of 0.9 per cent nickel.
Azure described the estimate as being, “a robust resource with over 80 per cent of the Mineral Resource Estimate tonnes classified in the Indicated category”.
“I’m very pleased to present this maiden Mineral Resource for the Andover deposit, thereby achieving a key milestone in advancing the overall Andover project,” Azure Minerals managing director Tony Rovira said.
“This highlights the extraordinary potential that we have always recognised within the project and is just the beginning of a very exciting journey.
“The exploration team have excelled to have delivered the first resource only 18 months after starting exploration, while also discovering and now drilling significant nickel and copper sulphide mineralisation at several other prospects within the project area.”
Azure anticipates additional mineral resources will be defined at proximal prospects, including:
Ridgeway that has returned intersections of 6.3m at 3.59 per cent nickel, 4.9m at 3.5 per cent nickel, and 4.5m at 3.95 per cent nickel;
Seaview that has returned an intersection of 7m at 1.35 per cent Ni; and
Skyline, from which results are pending.
“With these plus other excellent targets like Atrium and Woodbrook that have yet to be drilled, I’m confident this is only the start of mineral resource definition at the Andover project,” Rovira said.
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Email: admin@azureminerals.com.au