Azarga Metals

Website: www.azargametals.com
Primary ticker: TSXV:AZR
Stage of development: Exploration
Primary minerals: Copper, Silver
Project to promote: Silver Cloud ls epithermal gold & silver project

Live financials

Azarga Metals is a mineral exploration and development company that owns 100% of the Unkur Copper-Silver Project in the Zabaikalsky administrative region in eastern Russia. Unkur is a copper-silver discovery of global significance. On completion of a first phase of exploration in 2016-2018, the Company reported an Inferred Resource of 62 million tonnes at 0.53% copper and 38.6g/t silver for the project. The Resource remains open in both directions along strike and down-dip and Azarga Metals continues to explore the project with the expectation of significantly increasing the resources.

Management Profile

Michael Hopley – President & CEO

Michael Hopley has over 35 years of international experience as a geologist and exploration manager for resource companies in the precious metals and base metal sector. He was most recently President & CEO of Sunridge Gold Corp. which concluded a successful major exploration and development program on the copper-zinc-gold Asmara Project, Eritrea culminating in the sale of the Asmara Project to a large Chinese company.


Alexander Yakubchuk – VP Exploration

Dr. Alexander Yakubchuk brings more than 30 years of operational and executive experience in Russia and the Former Soviet Union and several European countries. He is currently the Exploration Director of Orsu Metals Corp. (TSX-V:OSU). He recently was Exploration Manager for Europe and FSU for Gold Fields. He was previously an Associate Professor at Lomonosov, Moscow State University.


What is your rationale for attending 121 Mining Investment?

To raise awareness in the industry of the large potential of the Unkur Project as well as to seek investors and possible purchasers of the project.


What recent news would you like to highlight to investors attending?

The completion of a property-wide geophysical survey (ground magnetics and IP) and the start of a 6,000 meter drilling program.


What are your key goals for the next 3, 6 and 12 months?

3 Months:

Interpretation of geophysics defining new drill targets and drill results extending know Cu-Ag mineralization.

6 Months:

Drill results extending know Cu-Ag mineralization.

12 Months:

Significantly increased independent resource estimate


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Understanding of the controls of copper-silver mineralization at Unkur. Recent relogging of old core by Dr. Yakubchuk and recent geophysical survey is helping.


What do you think makes your company such a compelling investment?

The huge upside potential of Unkur based on the geological setting and proximity to the giant Udokan copper project containing 24 Mt of copper just 30 km away.