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Azure Minerals Reports More Impressive Lithium Results from Andover

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THE DRILL SERGEANT: Just to underline why it was a worthy winner of The Graig Oliver Award at the RIU Explorers Conference, Azure Minerals (ASX: AZS) reported more lithium intersections from its Andover project in Western Australia.

Azure Minerals released assays it said continued to demonstrate drilling success at Target Area 1 (TA1) with the intersection of numerous exceptionally thick spodumene-bearing intervals within the AP0011 pegmatite.

Multiple broad (>100m) mineralised intersections were returned from AP0011 pegmatite, including:

ANRD0154
112.9 metres at 1.63 per cent lithium oxide (Li2O) from 408.5m (~107.0m True Width), including 24.6m at 2.17 per cent Li2O from 424.7m (~23.3m True Width);

ANDD0309
152.3m at 1.15 per cent Li2O from 330.7m (~137.1m True Width), including 34.7m at 1.73 per cent Li2O from 331.6m (~31.2m True Width); and

ANDD0334
112.0m at 1.24 per cent Li2O from 299.1m (~73.5m True Width), including o 40.6m at 1.55 per cent Li2O from 360.1m (~26.6m True Width).

“The latest assay results from diamond drilling of the AP0011 pegmatite have returned some of the thickest and highest-grade mineralised intersections received to date,” Azure Minerals said in its ASX announcement.

“Importantly, these assayed intervals correlate very strongly with previously reported visual spodumene observations.”

Azure has eight drill rigs currently operating at the project’s TA3 target to continue extensional drilling to define the extents of the mineralised pegmatites and infill drilling to provide sufficient density to support a maiden Mineral Resources Estimate.

A ninth diamond rig is still turning at AP0011 to undertake large diameter core drilling to provide bulk samples for the metallurgical test work program.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Azure Minerals Wins Prestigious Craig Oliver Award

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THE CONFERENCE CALLER: Lithium takeover target Azure Minerals has been named as the recipient of the 2024 Craig Oliver Award. By Kristie Batten

The award, handed out this morning on day one of the 2024 RIU Explorers Conference in Fremantle, is in honour of mining executive Craig Oliver, who died in a plane crash in 2010.

His youngest daughter Sascha was on hand to present the award.

Azure Minerals managing director receives the award from Sascah Oliver flanked by Jaxon Crabb and Stewart McDonald of the RIU Explorers Conference 

Azure beat out other nominees Genesis Minerals, Boss Energy and Santana Minerals.

Accepting the trophy, Azure managing director Tony Rovira pointed out that the award wasn’t for exploration or production but a true all-rounder award.

“I think Azure this year has certainly met the criteria,” he said.

Azure had been exploring in Mexico for many years but pivoted back to Western Australia in 2020 with the Andover nickel-copper project, a 60:40 joint venture with legendary prospector Mark Creasy.

“For a company to be successful, you need a vision,” Rovira said.

The vision switched to the lithium potential of Andover, and as they say, the rest is history.
Andover has an exploration target of 100-240 million tonnes at 1-1.5% lithium oxide, which, if realised, would make the deposit globally significant.

Previous winners of the Craig Oliver Award are OZ Minerals (2023), De Grey Mining (2022), Bellevue Gold and Chalice Mining (2021), Stavely Minerals (2020), MOD Resources (2019), Pilbara Minerals (2018), Evolution Mining (2017), Metals X (2016), Doray Minerals (2015), Northern Star Resources (2014), Sirius Resources (2013), Silver Lake Resources (2012) and Independence Group (now IGO, 2011).

OZ, MOD, Doray and Sirius have since been acquired, while Silver Lake is now merging with Red 5.

Azure is also subject to a A$1.7 billion takeover offer from Chile’s SQM and Gina Rinehart’s Hancock Prospecting.

It’s rare for large companies to pounce on a pre-resource explorer but they clearly see Andover’s potential.

Azure reinforced that potential today by announcing new drilling results including 112.9m at 1.63% lithium oxide; 152.3m at 1.15% lithium oxide; and 106.1m at 1.3% lithium oxide.

A maiden resource estimate is due by mid-year.