Azure Minerals says Andover could be top 5 global lithium deposit
Melbourne, Victoria
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August 10, 2023 02:30 PM Eastern Daylight Time
Azure Minerals Ltd (ASX:AZS, OTC:AZRMF) MD Tony Rovira speaks with Proactive after declaring an exploration target for its Andover Lithium Project in WA just days after it delivered a 209-metre lithium hit.
The conceptual target estimates between 100 million and 240 million tonnes of ore at Andover, grading between 1% and 1.5% lithium oxide. This target covers anticipated lithium mineralisation in target areas one through three, where drilling continues to test pegmatites internally and along strike.
Rovira said Andover’s broad, high-grade hits firmly ranked the project among the world’s best lithium exploration plays.
“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,” he explained.
“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.”
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