Azure Minerals Limited (ASX: AZS) is an Australian mineral exploration company focused on developing precious and base metal mining projects in the richly mineralised Sierra Madre Occidental mining province in northern Mexico.

Azure intends becoming a minerals producer at its wholly-owned, high grade epithermal Promontorio copper-gold-silver project in Chihuahua, Mexico. Promontorio has a JORC resource of 502,000 tonnes @ 4.7% Cu, 2.1g/t Au & 99g/t Ag, and metallurgical testwork has produced excellent metal recoveries (+98%) into a high grade copper-gold-silver concentrate. Economic evaluation shows Promontorio could be developed and operated at a profit, with a significant positive margin over operating costs.

Exploration for large porphyry copper deposits is also underway on the La Tortuga project in joint venture with Japanese Government corporation, JOGMEC. JOGMEC is earning a 51% interest by sole funding the first US$3m of exploration expenditure. Initial results are very encouraging and deep diamond drilling is in progress.