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AZS - Azure Minerals

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some chat elsewhere,

Now a player in Pilbara Nickel & Gold acreage:

4 PROJECTS ACQUIRED FROM MARK CREASY
Andover Nickel-Copper Project: 60% Azure / 40% Creasy
Turner River, Meentheena & Coongan Gold Projects: 70% Azure / 30%

Creasy Acquisition cost: 40M AZS shares
No royalties or further payments
Creasy free-carried to Decision to Mine
CREASY NOW 19.1% SHAREHOLDER IN AZS

 
AZS has closed a heavily oversubscribed placement raising ~$37M with $15M earmarked for drilling the Andover nickel prospect, hopefully some pre Christmas joy. I have picked AZS for the December competition
 
Might put this into the potential/break out thread.

Based on these intersections yet to be assayed.



 
kennas said:
Might put this into the potential/break out thread.

Based on these intersections yet to be assayed.
Click to expand...

Assays out and they look pretty good. Maybe widths not up there with Rumble and much deeper.

Started well up but dropped down. Still in the 'breakout' category chart wise.

 
AZS in the right metals at the moment and getting some attention. Just can't beat 40c, but looks prospective. Great grades, just not sure of the tonnage. Maiden MRE Q1 22. Watching closely. Ni and Cu are pumping.


 
Quarterly activities report out and nothing unusual in it that i can see, or no bad news. What is puzzling is the price action.
5% today and at a 6 month high, unless its just base metal sentiment.
I'm not complaining.
 
bk1 said:
Quarterly activities report out and nothing unusual in it that i can see, or no bad news. What is puzzling is the price action.
5% today and at a 6 month high, unless its just base metal sentiment.
I'm not complaining.
Click to expand...

Very nice break through that long term resistance. Outstanding breakout material. Been a very good month.
 
New zone of Ni-Cu sulphide mineralisation has been discovered at the Skyline prospect and further nickel and copper sulphide mineralisation has been intrersected in the VC-07 West mineralised system.

The Andover Project continues to firm up with high grades continuing to be returned at VC-07 West.

 

Azure Minerals (ASX:AZS) to grow Andover project area by 55pc

Azure Minerals (ASX:AZS) and joint venture partner Croydon Gold apply for two new exploration licences within the Andover project area in WA.
themarketherald.com.au
Junior explorer Azure Minerals (AZS) and joint venture (JV) partner Croydon Gold have applied for two new exploration licences within the Andover project area in WA.

The two new licences comprise 12 blocks covering 38.4 square kilometres, according to Azure. Together, the licences will increase the area of the Andover project, which lies near Karratha, by 55 per cent.
 
another pivot, another bit of interest from a major.
AZS went from 22c to 30c on the news.

SQM TO INVEST A$20M FOR 19.99% OF AZURE

Lithium Potential Attracts Major Strategic Investor
• Global lithium producer SQM has made an initial A$4.2M investment in Azure
• Subject to the satisfaction of certain conditions precedent, SQM will invest a further A$15.8M to hold a 19.99% interest in Azure
• SQM will invest at a price of $0.2564 per share, which represents premiums of:
▪ 13.9% to Azure’s last traded price of $0.225 per share on 6 January 2023; and
▪ 12.4% to Azure’s 10 day VWAP of $0.228 up to and including 6 January 2023
• SQM’s cornerstone investment in Azure is a strong endorsement of the significant lithium potential of the Andover Project
 
Impressive Lithium results from sampling, with 20 samples (from 109) containing over 3.5% Li. Grades as high as 4.87%. Hundreds of samples to be tested yet. Drilling to commence late February. High grade Lithium identified along a strike length of 5km within now defined 9km extent of the Andover pegamite swarm.

Take off!
 

Azure Minerals (ASX:AZS) hits lithium pegmatite at Andover, WA, while testing for nickel​

Azure Minerals (ASX:AZS) hits lithium pegmatite at Andover, WA, while testing for nickel

Azure Minerals (ASX:AZS) has hit multiple lithium-bearing pegmatites while testing for nickel at its Andover Project in the West Pilbara region of Western Australia.
themarketherald.com.au

Drilling completed at the end of 2022 has returned a top intercept of 1.51 per cent lithium oxide over 7.2 metres from 313.9 metres downhole.

While the drill hole was testing a nickel target near an airborne electromagnetic anomaly, it was collared in an area where Azure’s exploration had sampled numerous outcropping pegmatites containing visible coarse-bladed spodumene.

Live charts: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^AZS&p=0&t=1
 
Good evening
AZS grew some legs today (09/06/23) ...
Nice SP gain of 12.61%. 52 week high.

Not holding.

Kind regards
rcw1
 
Tyre Kicker said:
Kaboom!!!!
Click to expand...
Yes, and how predictable. I bought in at av 49 after the second breakout. Announcement today saw the red cordial brigade in there at open, then after 4 minutes the sellers arrived en masse and at that point I sold. So it went from 62 previous close to 96 at open to a high of 109 and currently reasonably steady at 83.

 
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