- Azure Minerals (AZS) delivers a maiden mineral resource estimate (MRE) for its 60 per cent-owned Andover project in the West Pilbara region, Western Australia
- The project’s Andover deposit hosts an indicated and inferred resource of 4.6 million tonnes at 1.11 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt for 75,000 tonnes of contained metal
- The inaugural MRE was completed by CSA Global based on 104 holes totalling about 44,300 metres drilled between 2018 and 2021
- Azure says further mineral resources are likely from drilling of nearby prospects
- AZS shares steady at 36 cents
Azure Minerals (AZS) has tabled a maiden mineral resource estimate (MRE) for its 60 per cent-owned Andover nickel-copper project in WA’s West Pilbara region.
Andover is held in a joint venture with Creasy Group, who has the other 40 per cent stake.
The first MRE for the project’s Andover deposit comes in at 4.6 million tonnes grading 1.11 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt for 75,000 tonnes of contained metal at a cut-off grade of 0.5 per cent nickel.
The indicated and inferred MRE includes a higher-grade component of two 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.
“This highlights the extraordinary potential that we have always recognised within the project and is just the beginning of a very exciting journey,” Azure Managing Director Tony Rovira said.
CSA Global prepared the MRE based on 102 diamond holes and two reverse circulation holes for an aggregate coverage of nearly 44,300 metres drilled between 2018 and 2021.
Azure says additional mineral resources are likely from drilling at the project’s Ridgeway, Seaview and Skyline prospects.
“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,” Mr Rovira said.
AZS shares were steady at 36 cents at 12:05 pm AEDT.