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1 Investor Presentation ASX: AZS Tony Rovira Managing Director May 2007
2 Agenda Overview of Azure The Projects Mexico Growth & Outlook
3 Overview of Azure
4 Corporate Snapshot ASX Code: Fully Paid Share: Share Options: Market Capitalisation: Cash: (at 1 April 2007) AZS million million 17.5c, 25c & 35c) A$11 million (@ 10 cents) A$1.8 million Top Shareholders Yandal Investments 9.7% Azure Directors 3.8% Chemco Super Fund 3.0% ANZ Nominees 2.5% Top 20 Holding 32%
5 Key Investment Themes Opportunity to invest in a company with a large and growing exposure to a world class mining province in Mexico Drilling in progress on 5 projects - intensive exploration for near-surface, high grade orebodies Significant valuation upside through near-term exploration success Strategic relationship in Mexico with Geoinformatics (TSX-V: GXL) and Kennecott (Rio Tinto)
6 Growing the Company Joint Venture - 14 projects Pipeline of new projects flowing to Azure from Geoinformatics and Kennecott Generate 100%-owned projects through staking of mining claims 2 new projects Acquisition of advanced stage projects
7 GRUPO MEXICO 30 M tonnes Cu MINEFINDERS 3.1 Moz Au & 149 Moz Ag ALAMOS GOLD 3.7 Moz Au BOLNISI GOLD 1.5 Moz Au & 130 Moz Ag
8 Priority Projects Project Acquisition Project Generation 100% AZS La Tortuga La Providencia El Ermitaño
9 Growth Strategy Active Drilling High priority Mexican projects (Top 3) Pozo de Nacho: molybdenum & copper La Bufa: molybdenum Potreritos: copper & silver Other priority Mexican projects Jagüey: silver, lead & zinc Cardeleña: copper, gold & silver Divest Australian projects Splinter: For Sale, magnetite iron ore
10 Joint Venture 14 Projects Joint Venture with Geoinformatics (TSX-V: GXL) - established July 2005 AZS to spend US$4M by July 2009 to earn 51% - US$2.5M expenditure to date AZS can earn 75% by completing Feasibility Study by July 2011 (if GXL elect not to contribute)
11 The Projects
12 Pozo de Nacho (molybdenum - copper) POZO DE NACHO
13 Pozo de Nacho High Grade Molybdenum
14 Pozo de Nacho Priority Target Stage 1 Exploration drilling discovers porphyry hosted molybdenum-copper body High grades 0.75% MoS 2 Wide intercepts 0.06% MoS 2 Shallow depths from surface Stage 2 Exploration - deep diamond drilling program - to be drilled in June 2007 Potential for large, porphyry hosted molybdenum & copper deposit
15 Pozo de Nacho Large Mineralised System
16 Pozo de Nacho Deep Drilling Drilling to commence in June
17 Strong Pipeline Active Drilling Program JAGÜEY POTRERITOS LA BUFA
18 Priority Project La Bufa La Bufa Visible molybdenum at surface Trench sampling returns high Moly grades High grades: 0.13% MoS % MoS 2 Drilling in Progress
19 Priority Project La Bufa
20 Priority Project Potreritos Potreritos Area hosts many copper & molybdenum mines Azure discovers copper & silver mineralisation High grades: Wide intercepts: Shallow depths: 8.5% Cu & 57g/t Ag 1.2% Cu & 11.3g/t Ag from surface
21 Priority Project Jagüey Jagüey Drilling discovers high grade silver, lead & zinc in massive sulphides High grades: 3,180g/t Ag 19.0% Pb + Zn 122g/t Ag 13.8% Pb + Zn Very High Value Product
22 Mexico
23 Advantages of Exploring in Mexico World class mining province +500 years of mining history world class gold, silver & copper mines Government & public strongly pro-mining Well trained and experienced workforce readily available Low sovereign risk Stable democratic government Modern mining legal system secure mining titles Modern financial system 100% foreign ownership allowed Low tax rate and no Government mining royalties
24 Local Presence & Local Knowledge Competitive advantage Mexican operating company - Minera Piedra Azul SA de CV Established management office in Hermosillo Staffed with Australian manager & local technical personnel
25 Growth & Outlook
26 Aggressive Exploration Timetable PROJECT MAR APRIL MAY JUNE JULY POTRERITOS Drilling JAGÜEY Drilling LA BUFA Drilling POZO DE NACHO Drilling CARDELEÑA Drilling
27 Positive Outlook Opportunity to invest in a company with a large and growing exposure to a world class mining province in Mexico Significant valuation upside through near-term exploration success Drilling in progress Strategic relationship with Geoinformatics (TSX-V: GXL) and Kennecott (Rio Tinto) in Mexico Pipeline of new and exciting projects to Azure Project acquisition (Azure 100%-owned) in progress
28 Contact Details Tony Rovira Managing Director Phone: Fax: Cell: admin@azureminerals.com.au Website: Investor Relations Ann Nahajski Porter Novelli Phone: Cell:
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