Oposura Project
Mineral Resource upgraded with high-grade mining to commence in September:
• Upgraded Mineral Resource of 3.1 million tonnes @ 5.0% Zn & 2.7% Pb (ASX: 8 May 2019)
• 85% of contained metal classified as Indicated Mineral Resource, representing a minimum
of five years of mine production (refer Scoping Study: ASX: 15 October 2018)
• Significant potential for further resource expansion with mineralisation remaining open in several directions
• Small-scale mining commencd with toll treatment expected to commence in September
• Operation is funded through A$2M convertible note from major shareholder and will
generate early cash flow
• Anticipated production: 1,500tpm to 3,000tpm of high-grade (~15% Zn+Pb) mineralisation
• All regulatory approvals in place
• Key in-country mining personnel appointed
Alacrán Project
• Teck Resources completed 21-hole Phase 2 diamond drilling campaign for 10,540m
• Confirmation of porphyry copper mineralisation at Cerro Alacrán with broad zones of visible chalcopyrite intersected
• Azure to regain 100% ownership and full control of the Alacrán Project
• Teck to become a substantial shareholder of Azure