EXPLORATION & DEVELOPMENT

Azure reveals nice numbers for Oposura

Proposed zinc-lead-silver project in Mexico now in feasibility

 Azure has long been keen on Mexico

Azure has long been keen on Mexico

According to scoping work the operation would annually produce an average of 19,000t of zinc, 10,000t of lead and 145,000 ounces of silver,

Open cut and underground mining is envisaged for an initial 5.3 years at an average rate of 500,000tpa and average grades of 4.6% zinc, 2.6% lead and 15.9 gram per tonne silver.

Oposura has current resources of 2.9 million tonnes at 5% zinc, 2.8% lead and 17gpt silver.

Azure has calculated its Oposura project would have a net present value of $112 million. 

A prefeasibility and definitive feasibility studies are targeted to be completed in 2019, with first production in late 2020 or early the following year.

Azure had cash at the end of July of $6.1 million.

Shares in Azure were up 5% to 20.5c, capitalising the ASX-company at $23 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.