CSA Global completed Mineral Resource Estimate for Azure Minerals Limited’s Ridgeline Deposit in 2021 and 2022.
Mineral Resource Estimate for the Ridgeline Deposit is 1.3Mt @ 1.11% Ni, 0.46% Cu and 0.05% Co.
Total mineral resources for Andover Nickel Project now stand at 6.0Mt @ 1.11% Ni, 0.47% Cu and 0.05% Co for 97,300 tonnes of contained metal.
Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to deliver the maiden Mineral Resource Estimate (“MRE”) for the Ridgeline Deposit (“Ridgeline”), which is the second Mineral Resource to be defined on the Andover Nickel Project (“Project”) (60% Azure / 40% Creasy Group), located in the West Pilbara region of Western Australia.
Ridgeline contains 1.3Mt @ 1.11% Ni, 0.46% Cu and 0.05% Co for 14,700t of contained Nickel, 6,100t of contained Copper and 640t of contained Cobalt at a cut-off grade of 0.5% Ni (JORC 2012) (See Table 1).
Global Mineral Resources for the Project, including both the Andover Deposit (ASX: 30 March 2022) and the Ridgeline Deposit, now stand at 6Mt @ 1.11% Ni, 0.47% Cu and 0.05% Co for 66,400t of contained Nickel, 27,800t of contained Copper and 3,100t of contained Cobalt at a cut-off grade of 0.5% Ni (JORC 2012).
Azure’s Managing Director, Tony Rovira, commented: “I am pleased to present the Ridgeline Mineral Resource Estimate which is a great result and demonstrates that there continues to be excellent potential to significantly expand the resource base of the Andover Nickel Project through ongoing exploration success.
“With the final and deepest drill hole at Ridgeline returning the best mineralised intersection to date (14.5m @ 2.26% Nickel – ASX: 23 November 2022), I am confident that we can grow this resource even further.
“It is a credit to our exploration team that, after just over two years, we are in the position to be able to release a second robust Mineral Resource Estimate for Andover. Ridgeline is blind to surface, which increased the challenge of identifying and defining the mineralisation. Given the technical understanding and knowledge that our team has built up through systematic exploration of the project area, I am confident that the team can deliver more discoveries.
“Azure is in an excellent position to continue to explore and realise the nickel potential of the Andover Project and I look forward to providing further updates as we progress.”
SOURCE: Azure Minerals Limited
Date: 08 February 2023