Oposura Project

Scoping Study¹ confirms Oposura as economically and technically robust, high-margin project:

• EBITDA (LOM): A$237 million

• NPV₈ (pre-tax): A$112 million

• IRR (pre-tax): 76%

• Average Life of Mine (C1) cash costs: US$0.42/lb zinc

• Year 1 C1 cash costs: US$0.14/lb zinc

• Pre-production CAPEX: A$69.9 million

• First shipments of lead-silver & zinc concentrates: targeted for 2020/21

Further exploration drilling intersects near-surface, high-grade mineralisation in the middle of the Central Zone²:

• OPDH-173: 12.0m @ 7.7% Zn+Pb from 44.00m; including 4.1m @ 12.5% Zn+Pb

• OPDH-178: 9.5m @ 18.9% Zn+Pb from 23.05m; including 6.2m @ 26.6% Zn+Pb

Drilling also identifies high-grade mineralisation extending from the East Zone into the Central Zone³:

• OPDH-159: 6.2m @ 15.7% Zn+Pb & 97g/t Ag from 107.05m
• OPDH-171: 4.4m @ 20.4% Zn+Pb & 294g/t Ag from 99.05m
• OPDH-177: 4.6m @ 36.9% Zn+Pb & 138g/t Ag from 107.55m

Oso Negro Project

• High-grade silver & gold mineralisation discovered on new, 100%-owned 1,275-hectare property

• Multiple epithermal quartz veins extending up to 800m long with old mine workings

• Impressive assays received from early sampling programs, including:

• Surface exploration is continuing in preparation for a trenching program

Alacrán Project

• Teck has completed 11 holes (6,391m) of diamond drilling in the current program to date

• Testing of porphyry copper potential at Cerro Alacrán is the major focus

• Drilling is continuing with two diamond core rigs operating

• Full drilling program targeting 9,500m in 18-20 holes

Cash balance at 30 September 2018 is approximately A$5.2 million

Complete Article: http://azureminerals.com.au/wp-content/uploads/2018/10/181030.pdf