Ann: Andover Continues to Return High Grade Nickel and Copper, page-5

Market asleep again.

ANDOVER CONTINUES TO RETURN
HIGH GRADE NICKEL AND COPPER HITS
Highest individual nickel and copper assays returned to date from Andover:
•4.94% Cu over 1.1m from 498.9m downhole in hole ANDD0086
•5.04% Ni over 1.5m from 325.8m downhole in hole ANDD0087

Drill-out of VC-07 East deposit completed with maiden Mineral Resource
Estimate expected in Q1 2022
Drilling of VC-07 West is underway and testing of high-priority regional targets
at VC-23, VC-18 and VC-41 will commence shortly

Drilling is now focused on the VC-07 West mineralised zone, where three rigs are following up
intersections of high-grade Ni-Cu sulphide mineralisation and associated electromagnetic plates (see
Figure 4) drilled by Azure earlier this year (ASX: 2 August 2021).

Commenting on the Company’s progress at Andover, Azure’s Managing Director, Mr. Tony Rovira said:
“In the year since we arrived at the Andover Project, our exploration team has identified and drilled
numerous zones containing substantial nickel and copper sulphide mineralisation, which points to
Andover being a significant nickel district.
“From the initial identification of the kilometre-long VC-07 mineralised corridor, we’ve now completed
drilling out the VC-07 East deposit and the estimation of Andover’s maiden mineral resource is
underway.
“From here, we move on to defining the VC-07 West mineralised body, where our earlier drilling
intersected multiple sulphide-rich zones containing high grades of nickel and copper and shortly we’ll
also start drilling on some of the regional electromagnetic anomalies, such as the high-priority targets
at VC-23 and VC-18.”