Azure Minerals Limited (ASX: AZS) ('Azure' or 'the Company') is pleased to provide an update on the Company's ongoing drilling campaign at the VC-07 prospect ('VC-07') at the Andover Ni-Cu Project (60% Azure / 40% Creasy Group), located in the West Pilbara region of Western Australia.

Drilling since the Christmas break has further extended the along-strike and down-dip mineralised limits of the nickel-copper ('Ni-Cu') sulphide mineralisation associated with VC-07. In addition, assay results from VC07 have been received for drill hole ANDD0007 (refer ASX 21 December 2020)

The work program at Andover continues with two rigs drilling on VC-07, while a third rig has completed the eighth and final hole of the initial reconnaissance drilling on the shallow and potentially extensive Ni-Cu sulphide mineralisation recently discovered at the VC-23 prospect (refer ASX 22 January 2021 and 08 February 2021). Downhole and surface geophysical surveys are underway at VC-07 and VC-23 to better define additional drill targets.

LOOKING FORWARD AT ANDOVER

Azure's 30,000m diamond drilling program is continuing with two rigs undertaking resource definition drilling within the VC-07 mineralised body. A third rig has completed the eight hole and final reconnaissance hole into the shallow Ni-Cu sulphide mineralisation associated with the VC-23 conductor target. Further drilling will re-commence once follow-up geophysical surveys have been completed and interpreted.

The Company has completed DHTEM surveys at VC-23 in holes ANDD0009, 0010, 0011, 0013, 0016 and 0017. Initial readings from these surveys show significant off-hole electromagnetic conductance indicating good potential for extensions of the sulphide mineralisation along-strike and down-dip. In addition, DHTEM surveys are currently being undertaken at VC-07 in holes ANDD0008, 0014 and 0015 and results are awaited. Geological and geophysical modelling of the Ni-Cu sulphide intersections and EM conductors will assist with targeted follow-up drilling.

FLTEM surveying using large (600m x 600m) loops will be carried out at VC-23 as soon as practicable over the drilled area and further to the east and north to identify along-strike and down-dip mineralised extensions

The Andover regional exploration program will focus on testing other EM conductor anomalies identified on the property. Additional surface, downhole and airborne geophysical surveys will be followed by diamond core and Reverse Circulation drilling when heritage clearances of those sites have been finalised.

Contact:

Tony Rovira

Tel: +61 8 9481 2555

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