Duyuru • May 03
Azure Minerals Limited(ASX:AZS) dropped from S&P Global BMI Index Azure Minerals Limited(ASX:AZS) dropped from S&P Global BMI Index Duyuru • Oct 28
SQM Australia Pty Ltd entered an agreement to acquire Azure Minerals Limited (ASX:AZS) for AUD 1.5 billion SQM Australia Pty Ltd entered an agreement to acquire Azure Minerals Limited (ASX:AZS) for AUD 1.5 billion on October 26, 2023. Each Azure shareholder on the Scheme Record Date will receive a cash amount of AUD 3.52 per Azure share, which implies a fully-diluted equity value for Azure of AUD 1.63 billion The Azure Board unanimously recommends that Azure shareholders support the Transaction. The Transaction is subject to limited conditions, including SQM obtaining approval from FIRB. The transaction is not subject to any financing or due diligence conditions. Azure may be required to pay a break fee to SQM and circumstances where SQM may be required to pay Azure a reverse break fee. The amount of the break fee and reverse break fee, should either become payable, is AUD 15.6 million. In a related transaction, Georgina Hope Rinehart and Hancock Prospecting Pty Ltd has been buying shares to build up a position totaling 81,562,214 Azure Minerals shares, equates to an 18.3% stake on October 26, 2023. SQM may elect to make an off-market takeover, which is not subject to the same condition. Instead of getting 100% of the Azure Minerals Limited, SQM may unite with Rinehart.
Barrenjoey is acting as financial adviser to Azure Minerals Limited. Corrs Chambers Westgarth and Herbert Smith Freehills LLP acted as legal adviser to Azure Minerals Limited. Duyuru • Oct 27
Azure Minerals Limited, Annual General Meeting, Nov 30, 2023 Azure Minerals Limited, Annual General Meeting, Nov 30, 2023, at 14:00 W. Australia Standard Time. Location: The Park Business Centre, 45 Ventnor Avenue, West Perth West Perth Australia Agenda: To discuss Adoption of Remuneration Report; to discuss Election of Ms Hui (Annie) Guo as a Director; to discuss Approval to Increase the Maximum Aggregate Amount of Non-Executive Directors' Fee Pool; and to discuss other matters. Duyuru • Sep 06
Azure Minerals Limited, Annual General Meeting, Oct 06, 2023 Azure Minerals Limited, Annual General Meeting, Oct 06, 2023, at 11:00 W. Australia Standard Time. Location: Park Business Centre, 45 Ventnor Avenue, West Perth WA 6005 West Perth Australia Agenda: To discuss Ratification of prior issue of Shares; and to discuss Placement participation of the Creasy Group. Duyuru • Feb 15
Azure Minerals Limited Announces Several Diamond Holes Drilled in Late 2022, Testing Nickel Targets on Andover Project Azure Minerals Limited announced that several diamond holes drilled in late 2022, testing nickel targets on its Andover Project (Andover) (Azure 60% /Creasy Group 40%), intersected lithium-bearing pegmatites. A highly significant lithium result was returned from hole ANDD0199 which tested a nickel target near the VC-30 airborne electromagnetic (VTEM) anomaly. The hole entered a quartz- spodumene pegmatite at a downhole depth of 313.9m, returning a strong lithium intersection of 1.51% Li2O over 7.2m, including an internal high grade zone of 1.87% Li2O over 3.1m. As previously reported, Azure accelerated the lithium exploration program by drilling near nickel sulphide targets in areas where outcropping pegmatites were present and where drilling approvals had already been received. Drill holes ANDD0196, 0197, 0198 and 0199 targeted extensions of the Southern Mineralized Corridor proximal to the VC-30, VC-31 and VC-32 VTEM anomalies. Pegmatites outcrop in the vicinity of each target, and all four holes intersected pegmatites containing lithium mineralization varying from anomalous to high grade. ANDD0199 returned the highest grade lithium intercept of 1.51% Li2O over 7.2m from 313.9m. This hole was collared in an area where Azure's exploration had sampled numerous outcropping pegmatites containing visible coarse-bladed spodumene. Recently received assays returned high lithium grades from many of these samples, including: APRK00940 3.55% Li2O AP0010 prospect; APRK00942 3.96% Li2O AP0010 prospect; APRK00944 3.98% Li2O AP0010 prospect; APRK00947 3.57% Li2O AP0010 prospect; APRK 01012 3.83% Li2O AP0012 prospect. Recent follow-up mapping around the AP0010, 0011 and 0012 prospects has confirmed that spodumene-rich pegmatites outcrop more extensively than previously recognized, enhancing the potential for this area to host a sizeable body of lithium mineralization. The thickest pegmatite intersection was in hole ANDD0198 at VC-31, which drilled a 200m-wide interval of pegmatite with the hole terminating in pegmatite at a downhole depth of 360.6m. Several intervals of anomalous lithium were returned, including 7.4m @ 0.13% Li2O from 158.6m. At VC-32, holes ANDD0196 and ANDD0197 both intersected several shallow pegmatites containing similar levels of lithium mineralisation. All four holes intersected abundant disseminated magnetite within the host ultramafic rocks, explaining the weak VTEM anomalism and indicating low nickel prospectivity at these localities. The Andover pegmatite swarm contains more than 700 outcropping pegmatites occurring in a zone approximately 9km long and up to 4km wide in the central and eastern parts of the project area. The pegmatite bodies typically trend in a southwest to northeast orientation and are generally horizontal to shallow north-dipping. Surface exposures range in size up to several hundred metres across and up to a kilometre in length. Azure has embarked on an accelerated growth strategy to advance the Company's multi- commodity opportunity on the Andover Project. The lithium exploration is being fast-tracked with a team of geologists and technicians dedicated to the operation. An initial drilling program of 30,000m of Reverse Circulation and 10,000m of diamond core drilling will be undertaken to determine the scale and depth potential of the lithium mineralisation already mapped and sampled at surface. Highest priority drill targets are pegmatite outcrops containing high lithium grades at surface and which demonstrate potential for significant volumes of mineralisation. With analytical results from 600 pegmatite samples still pending, it is very likely that many more attractive targets will be identified over the coming months for priority drill testing. Additionally, project-wide geological mapping and rock chip sampling of the, as yet unsampled pegmatites will continue in 2023 and are expected to define further drill targets. Early stage metallurgical, heritage, environmental, hydrological, and flora and fauna studies will also be undertaken. Duyuru • Feb 08
Azure Minerals Limited Announces to Deliver the Maiden Mineral Resource Estimate for the Ridgeline Deposit Azure Minerals Limited to deliver the maiden Mineral Resource Estimate ("MRE") for the Ridgeline Deposit ("Ridgeline"), which is the second Mineral Resource to be defined on the Andover Nickel Project ("Project") (60% Azure /40% Creasy Group), located in the West Pilbara region of Western Australia. Ridgeline contains 1.3Mt @ 1.11% Ni, 0.46% Cu and 0.05% Co for 14,700t of contained Nickel, 6,100t of contained Copper and 640t of contained Cobalt at a cut-off grade of 0.5% Ni (JORC 2012). Global Mineral Resources for the Project, including both the Andover Deposit and the Ridgeline Deposit, now stand at 6Mt @ 1.11% Ni, 0.47% Cu and 0.05% Co for 66,400t of contained Nickel, 27,800t of contained Copper and 3,100t of contained Cobalt at a cut-off grade of 0.5% Ni (JORC 2012). The Project is located 35km southeast of Karratha and immediately south of the town of Roebourne. Excellent infrastructure such as airports, port access, railway, grid power, sealed highway and support services are readily available in the local district. The Ridgeline Deposit is within Exploration Licence E47/2481, which is a joint venture between Azure(60%) and the Creasy Group (40%). The mineralisation at the Ridgeline Deposit is hosted within the same mineralising intrusion that formed the Andover Deposit. The mineralising intrusion comprises a fractionated, low MgO, taxitic and massive gabbro, with websterite xenoliths present locally. It is hosted between two units of porphyritic gabbro, with fine to medium grained leucogabbro present in the hanging wall, and a distinct coarser grained porphyritic gabbro forming the footwall. The taxitic gabbro hosts high nickel tenor disseminated to blebby sulphides with the proportion of sulphide increasing toward the matrix and semi-massive sulphides constituting the higher-grade portions of the deposit. The nickel, copper and cobalt sulphide mineralisation at Ridgeline is present on both the foot wall (West and East shoots) and hanging wall (North shoot) contacts of the mineralising intrusion. Small ultramafic clasts have been observed within the massive and semi-massive sulphide mineralisation. The nickel tenor of the sulphides within taxitic gabbro and massive sulphide accumulations are similar throughout the Ridgeline Deposit. Higher grade copper mineralisation is constrained to the mineralised horizon though is not coincident with the highest nickel grades. Higher copper grades correspond with bands of chalcopyrite distributed within the massive sulphides as well as chalcopyrite-rich veins and stringers at the base of the thickest accumulation of massive sulphides. Drilling has been completed using diamond drilling techniques. Diamond drill core is predominantly HQ size (63.5mm diameter) from surface to a depth of competent drilling conditions and then NQ2 size (50.6mm diameter) to the final depth. Wireline standard tube drilling techniques have been used throughout. Diamond drill core orientations are completed using a Reflex ACTIII electronic core orientation tool every drill run (nominally 6m). Selected intervals of drill core are fully oriented by Azure field staff, marking bottom of core orientation lines to facilitate structural interpretation. 