I don't know why AZS is not clear about the lithium exploration - reading the statement from 14.2.2023 it is obvious that the lithium exploratin drilling had already begun in 2022. And these lithium hits in ANDD0199 et al were no byproduct of drilling for nickel. So one thing is for sure: SQM did not invest without having seen the results of the lithium targeting drillholes AZS did late 2022.
14.11.2022 "First lithium-focused drilling program is being prepared and diamond drilling will be undertaken on newly identified target zones as soon as approvals have been received."
"The option of drilling pegmatites located close to nickel sulphide targets where drilling approvals have already been received is being investigated."
13.2.2023 "Azure accelerated the lithium exploration program by drilling near nickel sulphide targets in areas where outcropping pegmatites were present and where drilling approvals had already been received"
"Drill holes ANDD0196, 0197, 0198 and 0199 targeted extensions of the Southern Mineralized Corridor proximal to the VC-30, VC-31 and VC-32 VTEM anomalies (see Figure 2). Pegmatites outcrop in the vicinity of each target, and all four holes intersected pegmatites containing lithium mineralisation varying from anomalous to high grade."
AZS Price at posting:
32.0¢ Sentiment: None Disclosure: Held
