Azure Minerals has been awarded a Western Australian State Government grant of up to $220,000 for deep exploration drilling at its Andover nickel-copper-cobalt Project (Azure 60% / Creasy Group 40%) in the West Pilbara region of WA.
The grant was offered under Round 26 of the WA Government’s co-funded Exploration Incentive Scheme (EIS Grant) which preferentially funds applications of high quality, technically and economically sound proposals that promote new exploration concepts and exploration technologies.
The Grant will reimburse Azure Minerals (ASX:AZS) up to 50% of direct diamond drilling costs and 50% of driller mobilisation costs (to a cap of $15,000), to a combined maximum amount of $220,000.
Andover drilling underway
Exploration is already underway, and the company has identified multiple occurrences of Ni-Cu-Co sulphide mineralisation, including discovering two significant deposits at Andover and Ridgeline where resource estimation is in progress.
Additional Ni-Cu-Co mineralisation has also been discovered at the Seaview and Skyline prospects, where drilling is continuing.
The EIS grant will co-fund an exploration hole to test for extensions and/or repetitions of Ni-Cu-Co sulphide mineralisation deep beneath the Andover Deposit.
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This article was developed in collaboration with Azure Minerals Limited (ASX:AZS), a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.