Why is Azure Minerals latest Drilling Results at Andover Lithium Project Significant?
Azure Minerals Limited
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Why is Azure Minerals latest Drilling Results at Andover Lithium Project Significant?

Azure Minerals' Andover Project Unveils Exceptional Lithium Intersections

Azure Minerals Limited has reported remarkable drilling successes at its Andover Project, showcasing several high-grade lithium intersections. This update emphasizes the project's vast potential, with results including 112. 9m at 1. 63% Li2O, among other significant findings. These outcomes are part of the ongoing exploration and resource definition efforts, reinforcing Andover's position as a lithium deposit of global significance.

Impressive Lithium Intersections

The Andover Project, a collaboration between Azure Minerals (60%) and the Creasy Group (40%), has delivered multiple broad mineralized intersections from the AP0011 pegmatite.

Key results include:

112.

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9m at 1. 63% Li2O from ANRD0154, including a high-grade segment of 24. 6m at 2. 17% Li2O.

152. 3m at 1. 15% Li2O from ANDD0309, with a notable section of 34. 7m at 1. 73% Li2O.
Additional intersections across various drill holes, demonstrating both the thickness and high-grade nature of the lithium mineralization.

Expanding the Known Mineralization

The latest assay results from the AP0011 pegmatite not only confirm previously observed spodumene mineralization but also extend the known mineralized zones. The drilling campaign has strategically delineated the extents of thickened mineralization, with significant intersections expanding the mineralized footprint of the pegmatite. This includes delineating mineralization both along strike and down-dip, where the pegmatite remains open at depth.

Drilling and Exploration Continuity

With 217 diamond core holes and numerous RC holes completed, Azure Minerals continues to intensively explore the Andover pegmatite swarm. The project's extensive drilling program is complemented by ongoing metallurgical testwork, aiming to define the extents of the mineralized pegmatites and support the maiden Mineral Resource Estimate (MRE).

Next Steps and Forward Strategy

Azure Minerals is advancing with eight drill rigs dedicated to extensional and infill drilling, while a ninth rig focuses on collecting bulk samples for metallurgical testing. The company anticipates further assay results in the coming weeks, which will contribute to the comprehensive understanding and development of the Andover Project.

The Andover Project's latest drilling results underscore its potential as a lithium resource of global importance. Azure Minerals' strategic exploration efforts continue to reveal the project's extensive mineralization, positioning it as a key player in the lithium market. With further results on the horizon, stakeholders eagerly await the project's continued progress and its contribution to the burgeoning lithium sector.

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