ANDOVER PROJECT UPDATE HIGHLIGHTS • New Exploration Licence (EL) E47/4700 (10 blocks / 32km2 ) granted; adjoins existing Andover tenement currently being drilled (E47/2481) • New EL hosts abundant pegmatites prospective for lithium mineralisation • Azure’s granted tenements now completely cover all identified pegmatites in the Andover district • Lithium-focused drilling continues with two diamond core rigs and three reverse circulation (RC) rigs in operation • Third diamond rig mobilising to site with the addition of extra rigs being assessed • Infill drilling to commence shortly for delineation of maiden Mineral Resource Estimate within the AP0009-AP0014 pegmatite area • Metallurgical testwork program for lithium extraction commenced • Four Miscellaneous Licence applications for groundwater search were submitted with grant expected in second half of 2023 • All tenements granted or applied for are included in the Heritage Protection Agreement executed between Azure and the Ngarluma Aboriginal Corporation • Additional heritage surveys to commence shortly overthe newly granted E47/4700
AZS Price at posting:
$1.48 Sentiment: Buy Disclosure: Held
