https://www.miningweekly.com

Azure looks at development options for Oposura

17th May 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Azure Minerals was investigating a number of development options at its Oposura zinc and lead/silver project, in Mexico.

The company told shareholders that over a dozen metals trading companies and base metal smelters had shown interest in purchasing the zinc and lead/silver concentrates planned at Oposura, with Azure also receiving interest in direct shipping ore (DSO) from the project site.

Additionally, Azure has also been fielding interest from parties willing to provide funding to develop the project, with the company telling shareholders that no decision has been made as yet on the preferred funding method for the project.

“The current market conditions for Oposura’s DSO and its concentrates are very favourable. The high-grade and shallow nature of the mineralisation at Oposura lends itself to either or both of these processing options,” said Azure MD Tony Rovira on Thursday.

The company is currently working on a preliminary economic assessment study into the development and operations of the project, assessing various potential mining and processing options, which Rovira said would assist in attracting the best offtake offers and funding for the project.

Azure’s previous metallurgical flotation testwork has demonstrated that the Oposura project could produce separate high grade zinc and lead/silver concentrates that are low in deleterious elements, and with high metal recoveries.

In addition, dense media separation testwork has also demonstrated that the project could be upgraded to produce a high-grade DSO product.

The preliminary economic assessment is scheduled for release in September this year.

Azure in September of last year acquired the Oposura project, paying the vendors $1.5-million in cash and committing to a net smelter royalty of 2.5% on future production.

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Latest News

ASM CEO and MD Rowena Smith
ASM secures another financing letter of intent from Canadian agency
Updated 3 hours ago By: Marleny Arnoldi

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.182 1.219s - 111pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: