Azure Minerals (AZS) - Drilling Out a Major Lithium Discovery in WA
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Show Notes
Interview with Anthony Rovira, MD of Azure Minerals (ASX: AZS)
Our previous interview: https://youtu.be/UM0tcpi_05k
Recording date: 21st June 2023
Azure Minerals is a mining company with a focus on lithium exploration and development. Based in Western Australia, the company has a promising lithium project located in the west Tilbury region. Over the years, Azure Minerals has transitioned its primary focus from battery metals like nickel, cobalt, and copper to lithium due to the market's strong demand for lithium resources.
The company's exploration efforts have been met with positive results. Azure Minerals discovered significant amounts of visible spodumene, a lithium-bearing mineral, within the pegmatites found in their project area. The market has responded favorably to these findings, prompting Azure Minerals to shift its attention towards further developing its lithium assets.
With the aim of confirming a potential exploration target of over 100 million tons of lithium resources, Azure Minerals has embarked on an extensive drilling program. Multiple diamond and RC (Reverse Circulation) rigs have been deployed to explore the mineralization potential of the Andover project. The company has seen notable intersections of mineralization in the pegmatites, including impressive lithium grades and true widths.