Ann: Full Year Statutory Accounts, page-2

The following quote stuck out in chairman’s letter in AZS’s annual report ie the Andover “ discovery is still very young” and “ Andover remains underxplored” and “the company has a host of exciting targets which are yet to be drill tested”. Maybe the best is yet to come!

“Whilst much has been made of Azure’s success, it is important to note that the story of discovery at Andover is still very young. The maiden lithium pegmatite mapping and sampling campaign first returned results in October 2022 and drilling only commenced in March 2023, well inside the 12-month reporting period.

The relatively short lithium exploration timeframe demonstrates that, despite a large-scale campaign with multiple rigs on site, Andover remains underexplored. Indeed, the Company has a host of exciting targets which are yet to be drilled.”