Azure Minerals is currently progressing its 100%-owned, high-grade Oposura zinc-lead-silver project with a Definitive Feasibility Study scheduled for completion in 2020 and production expected in 2021. Azure will be seeking finance to develop this project. A small-scale mining and processing operation at Oposura exploiting near-surface, high-grade mineralisation is currently generating cash flow for the Company.
Azure’s other major property is its 100%-owned Alacrán Project where two adjoining silver and gold deposits together contain 32 million ounces of silver and 150,000 ounces of gold. The Company will grow these resources with further drilling and there is strong potential for further discoveries on the property and exploration is ongoing.
Tony Rovira – Managing Director
Mr Rovira has worked in the mining industry as an exploration and mining geologist with the past 15 years in company management as Managing Director of Azure Minerals. Mr Rovira has been responsible for the discovery of several gold and nickel deposits in Australia which were developed into operating mines.
Mr Rovira is credited with steering Azure’s exploration push into Mexico, where the company has been exploring and developing precious and base metals deposits for the past 14 years. Azure is currently studying mine development options for its Oposura zinc-lead-sliver and Alacrán silver-gold projects.
What is your rationale for attending 121 Mining Investment?
Seeking project development finance and potentially asset sales.
What recent news would you like to highlight to investors attending?
Regained 100% ownership and control of flagship Alacrán project from Teck Resources. Opportunity to now develop the Alacrán silver and gold deposits
What are your key goals for the next 3, 6 and 12 months?
Generate cash flow from small-scale mining and processing of high-grade zinc-lead-silver ore at Oposura project.
Restart exploration and development studies at Alacrán silver-gold deposit.
“Complete Alacrán mineral resource drilling.
Commence Alacrán PEA / Scoping Study.”
Publish Alacrán mineral resource upgrade.
Complete Oposura Feasibility Study.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
With two advanced-stage precious and base metal projects in the development stage, the major risk is metals prices.
In a sentence, what do you think makes your company such a compelling investment?
Off-setting commodity risk by having two projects with diversified commodities: silver, gold, zinc, lead & copper.