{"id":3631,"date":"2023-12-22T00:59:15","date_gmt":"2023-12-22T00:59:15","guid":{"rendered":"https:\/\/economicherald.net\/?p=3631"},"modified":"2023-12-22T00:59:15","modified_gmt":"2023-12-22T00:59:15","slug":"azure-spots-more-world-class-assays-from-andover-discovery","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3631","title":{"rendered":"Azure spots more world-class assays from Andover discovery"},"content":{"rendered":"<p>Azure Minerals reports up to 1.33% Li2O from world-class Andover lithium discovery<br \/>\nEarlier this week SQM and Hancock Prospecting joined forces to acquire the explorer<br \/>\nMaiden mineral resource expected in Q2 2024<br \/>\nDrilling will resume in January with eight diamond drill rigs on site<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Azure Minerals has flagged more +100m wide zones of lithium mineralisation at its world-class Andover discovery which all but confirm its potential to <\/strong><strong>become a lithium project of global significance.<\/strong><strong>\u00a0<\/strong><\/p>\n<p>Earlier this week,<strong>\u00a0<\/strong><a href=\"https:\/\/stockhead.com.au\/company\/azure-minerals-azs\/\"><strong>Azure Minerals\u2019 (ASZ:AZS)<\/strong><\/a><strong>\u00a0<\/strong>announced Sociedad Qu\u00edmica y Minera de Chile S.A. (SQM) and Hancock Prospecting were joining forces to acquire the Tony Rovira-led explorer via a scheme of arrangement for A$3.70 per share.<\/p>\n<p>That implies a fully-diluted equity value for AZS of <a href=\"https:\/\/stockhead.com.au\/resources\/maiden-lithium-resource-for-andover-due-in-q2-as-sqm-and-gina-rineheart-join-forces-to-buy-azure\/\"><strong>~A$1.70 billion.<\/strong><\/a><\/p>\n<p>AZS expects to release a maiden mineral resource for the discovery in the June quarter next year \u2013 following completion of the joint takeover. An exploration target of 100-240Mt at 1-1.5% Li2O has been stated for the West Pilbara asset.<\/p>\n<p>Now the company is even more confident of the project\u2019s potential, with the latest assays returning results up to 1.33% Li2O, among several more +100m wide intersections \u2013 a feat very few other lithium companies have achieved to date.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>High-grade mineralisation and visible spodumene<\/strong><strong>\u00a0<\/strong><\/h2>\n<p>Broad zones of high-grade mineralisation continue to be intersected in the AP0011 pegmatite, including:<\/p>\n<p>165.2m at 1.33% Li2O from 306.6m (ANDD0295) including 46.7m at 2.08% Li2O from 345.0m;<\/p>\n<p>97.6m at 1.19% Li2O from 459.4m (ANDD0305) including 48.7m at 1.42% Li2O from 508.3m;<\/p>\n<p>80.2m at 1.37% Li2O from 242.3m (ANRD0135); and<br \/>\n54.8m at 1.42% Li2O from 386.7m (ANDD0204).<\/p>\n<p>Numerous additional very broad (&gt;100m) intervals of visible spodumene mineralisation in AP00011 have also been observed, with assays pending.<\/p>\n<p>All drill rigs have now demobilised for the Christmas-New Year period, with drilling to resume in early January 2024 with eight diamond rigs on site.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>At least 90,000m of drilling to go into maiden resource estimate<\/strong><\/h2>\n<p>Since lithium-focused exploration drilling commenced at Andover in March 2023, 192 diamond core holes have been completed for 57,878.4m, 97 RC holes for 19,267m, and 27 holes comprising RC pre-collars and diamond tails for 12,070.7m, for a combined total of 89,216.1m.<\/p>\n<p>The results received to date and others expected over the next few months will be incorporated in a mineral resource estimate, which the company expects to be completed in Q2 2024.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Azure Minerals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/azure-spots-more-world-class-assays-from-andover-discovery\/\">Azure spots more world-class assays from Andover discovery<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Azure Minerals reports up to 1.33% Li2O from world-class Andover lithium discovery Earlier this week SQM and Hancock Prospecting joined forces to acquire the explorer <a href=\"https:\/\/economicherald.net\/?p=3631\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":3632,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Azure spots more world-class assays from Andover discovery - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=3631\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Azure spots more world-class assays from Andover discovery - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Azure Minerals reports up to 1.33% Li2O from world-class Andover lithium discovery Earlier this week SQM and Hancock Prospecting joined forces to acquire the explorer [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=3631\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-22T00:59:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AZS-Hero-Pic-1-Pixgho.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2123\" \/>\n\t<meta property=\"og:image:height\" content=\"1194\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3631#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3631\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Azure spots more world-class assays from Andover discovery\",\"datePublished\":\"2023-12-22T00:59:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3631\"},\"wordCount\":447,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3631#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/AZS-Hero-Pic-1-Pixgho.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=3631#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3631\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=3631\",\"name\":\"Azure spots more world-class assays from Andover discovery - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3631#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3631#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/AZS-Hero-Pic-1-Pixgho.jpeg\",\"datePublished\":\"2023-12-22T00:59:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3631#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=3631\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3631#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/AZS-Hero-Pic-1-Pixgho.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/AZS-Hero-Pic-1-Pixgho.jpeg\",\"width\":2123,\"height\":1194},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3631#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Azure spots more world-class assays from Andover discovery\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Azure spots more world-class assays from Andover discovery - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=3631","og_locale":"en_US","og_type":"article","og_title":"Azure spots more world-class assays from Andover discovery - Economic Herald","og_description":"Azure Minerals reports up to 1.33% Li2O from world-class Andover lithium discovery Earlier this week SQM and Hancock Prospecting joined forces to acquire the explorer [more...]","og_url":"https:\/\/economicherald.net\/?p=3631","og_site_name":"Economic Herald","article_published_time":"2023-12-22T00:59:15+00:00","og_image":[{"width":2123,"height":1194,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AZS-Hero-Pic-1-Pixgho.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=3631#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=3631"},"author":{"name":"","@id":""},"headline":"Azure spots more world-class assays from Andover discovery","datePublished":"2023-12-22T00:59:15+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=3631"},"wordCount":447,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=3631#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AZS-Hero-Pic-1-Pixgho.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=3631#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=3631","url":"https:\/\/economicherald.net\/?p=3631","name":"Azure spots more world-class assays from Andover discovery - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=3631#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=3631#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AZS-Hero-Pic-1-Pixgho.jpeg","datePublished":"2023-12-22T00:59:15+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=3631#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=3631"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=3631#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AZS-Hero-Pic-1-Pixgho.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AZS-Hero-Pic-1-Pixgho.jpeg","width":2123,"height":1194},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=3631#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Azure spots more world-class assays from Andover discovery"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/3631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3631"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/3631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/3632"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}