TheBusinessTimes.com.au
The Times

Azure Minerals drilling at WA based Andover Lithium Project intersects some of the best lithium drill intersections globally


Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to announce that drilling at the Company’s Andover Lithium Project (Azure 60% / Creasy Group 40%), located in the West Pilbara region of Western Australia, has intersected the thickest zones of lithium mineralisation to date – reflecting some of the best lithium drill intersections globally.

Commenting on the results, Azure Minerals’ Managing Director Tony Rovira said: “These broad, high-grade intercepts firmly entrench Andover amongst the best lithium exploration projects globally.

“Encouragingly, the results suggest the mineralisation remains open along strike and to depth, providing Azure with the potential to produce similar, if not better, lithium intersections of such scale and tenor in future drilling.

“The Andover project is an exceptional discovery given the abundance of outcropping mineralised pegmatites and substantial widths of high-grade mineralisation intersected in the drilling. With multiple drill rigs on site testing the numerous pegmatite zones, we are only beginning to realise the full scale of the project’s potential.”

HIGHLIGHTS

- Very broad zones of lithium mineralisation intersected in the AP0011 pegmatite:

• 209.4m @ 1.42% Li2O from 219.0m in ANRD00171 (~134.6m True Width), including:

o 126.2m @ 1.72% Li2O from 219.0m (~81.1m True Width) which includes: ❖ 56.1m @ 2.00% Li2O from 257.0m (~36.1m True Width); and

o 19.7m @ 1.54% Li2O from 401.6m (~12.7m True Width)

• 183.1m @ 1.25% Li2O from 170.5m in ANDD02282 (~123.3m True Width), including:

o 58.9m @ 1.46% Li2O from 170.5m (~39.7m True Width); and o 30.0m @ 1.55% Li2O from 284.0m (~20.2m True Width); and o 11.2m @ 1.85% Li2O from 332.9m (~7.5m True Width)

- Mineralisation now extends for more than 1,800m along strike and down-dip from surface to vertical depths in excess of 400m

- Mineralisation in AP0011 pegmatite remains open along strike to the west and is thickening down-dip

- Diamond drilling is expected to commence testing pegmatites AP0015, AP0016 and AP0017 in Target Area 2 within the next week

Trending

The Garage Door Repair Most Homeowners Get Backwards

A garage door opener that strains on the way up, reverses partway through closing, or stop...

Oil prices fell — why Australian businesses should not expect their costs to follow

Australian businesses received what appeared to be good news this week. Oil prices fell...

US tariffs have changed again: what Australian businesses need to know

A new 12.5 per cent tariff now applies to many Australian goods, while metals, manufactu...

Single vs King Single: Which One Do Kids Actually Outgrow Faster?

Ask most parents what outgrowing a bed actually means and the honest answer is usually abo...

The world is learning to live without Hormuz — and that changes Australia’s fuel outlook

For months, the central question hanging over international energy markets has been stra...

The end of cheap energy security: billions will be spent making oil harder to disrupt

The world has spent decades building an extraordinarily efficient global energy system. ...

Going Renewable? Australian Businesses May Be Able to Get Government Help to Pay for It

Australia's transition towards renewable energy is costing governments billions of dolla...

The Business Model Behind Australia's Holiday-Park Boom

There was a time when owning a caravan park looked like a relatively uncomplicated busin...

RBA holds at 4.35% — what the interest rate decision means for Australian business

For Australian businesses, the Reserve Bank's decision to leave the cash rate at 4.35 pe...

El Niño is a business risk: What Australian companies should be watching

El Niño is usually discussed as a weather story. Australian businesses should also regar...

The Iran war is costing Australian businesses — and the biggest bill may still be coming

For Australian businesses, the economic consequences of the Iran war extend far beyond t...

Business guide: Using AI to protect your business from scammers and bad debt

Every Australian business, from sole traders to large corporations, faces the same chall...

The Business of Ageing: The Multi-Billion Dollar Industry That Will Shape Australia's Future

Australia's aged care sector is no longer simply part of the healthcare system. It has b...

The New Economics of Retail

Retail has become one of the most competitive industries in the modern economy. A local...

Private Credit: The New Engine of Business Finance

Private credit has evolved from a specialist corner of finance into one of the world's f...

Bird Flu: Why Investors, Retailers and Consumers Watch Every Outbreak

Bird flu is a public health issue, but it is also a business story. Outbreaks can rippl...

Scam Calls Are Becoming a Business Risk

Telephone scams are no longer simply a consumer problem. Australian businesses, from so...

The Sweet Business: Why Confectionery Remains One of Australia's Most Reliable Industries

The confectionery business has survived recessions, inflation, changing consumer tastes ...