Join our daily newsletter At The Bell to receive exclusive market insights
- Azure Minerals (AZS) unveils broad intersections of high-grade lithium at its Andover project in Western Australia
- The results revealed the project’s highest individual lithium assays to date, including 0.5 metres at 5.02 per cent lithium oxide
- Seven of the first eight diamond drill holes include 105.5 metres at 1.26 per cent Lithium Oxide and 42.1 metres at 2.51 per cent lithium oxide
- Additional surveys have been planned for the second half of 2023 for further drilling on the site
- Shares climbs 33.6 per cent to 83.5 cents at 1:00 pm AEST
Azure Minerals (AZS) has unveiled broad intersections of high-grade lithium at its Andover project in Western Australia’s Pilbara region.
Assays from seven of the first eight diamond drill holes included 105.5 metres at 1.26 per cent lithium oxide from 256.3 metres, and 42.1 metres at 2.51 per cent lithium oxide from 259 metres.
The results also revealed the project’s highest individual lithium assays to date, including 0.5 metres at 5.02 per cent lithium oxide.
“These results highlight the exceptional thickness and high grades of lithium mineralisation within the Andover pegmatites, and the potential for Andover to host lithium resources of world-class scale and tenor,” Azure Managing Director Tony Rovira said.
“Additionally, across the project area, our geologists have identified at least another eight zones hosting multiple outcropping spodumene-rich pegmatites with previously reported surface sampling returning high grades of lithium over significant strike lengths.”
Drilling commenced in May with the company completing six heritage clearance surveys alongside the Ngarluma Aboriginal Corporation (NAC) as representatives of the native title holders the Ngarluma People, before starting its drilling operation.
Additional surveys have been planned for the second half of 2023 for further drilling on the site.
With these clearances Azure plans to have five to six drill rigs operating on the site to ensure continuous testing and locating potential lithium resources.
Azure was up 33.6 per cent, trading at 83.5 cents at 1:00 pm AEST.
-1200x645-380x200.jpg)
