Azure.- QUARTERLY ACTIVITIES REPORT FOR PERIOD ENDED 31 MARCH 2019

Azure_190426B

Oposura Project
Feasibility Study on track with activities and progress comprising:
• East Zone infill and extensional drilling completed with Mineral Resource update nearing completion
• Open pit and underground mine planning and scheduling in progress
• Geotechnical study in progress
• Initial hydrological drilling into potential aquifers successfully completed
• Condemnation / sterilisation drilling on plant site and tailings storage facility completed
• Perth company Mintrex Pty Ltd awarded contract for detailed engineering design and costings (Capex and Opex) for Oposura processing plant
• Detailed deposit-wide variability metallurgical testwork continuing
• Potential financiers and concentrate off-take partners undertake site visits and project due diligence Alacrán Project
• Assays received from Phase 2 diamond drilling program and being collated and assessed
• Testing of porphyry copper potential at Cerro Alacrán was the major focus

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