Investor Presentation ASX: AZS Tony Rovira Managing Director May 2007
Agenda Overview of Azure The Projects Mexico Growth & Outlook
Overview of Azure
Corporate Snapshot ASX Code: Fully Paid Share: Share Options: Market Capitalisation: Cash: (at 1 April 2007) AZS 112.35 million 13.35 million (unlisted @ 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%
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)
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
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
Priority Projects Project Acquisition Project Generation 100% AZS La Tortuga La Providencia El Ermitaño
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
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)
The Projects
Pozo de Nacho (molybdenum - copper) POZO DE NACHO
Pozo de Nacho High Grade Molybdenum
Pozo de Nacho Priority Target Stage 1 Exploration drilling discovers porphyry hosted molybdenum-copper body High grades 0.75% MoS 2 Wide intercepts 198m @ 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
Pozo de Nacho Large Mineralised System
Pozo de Nacho Deep Drilling Drilling to commence in June
Strong Pipeline Active Drilling Program JAGÜEY POTRERITOS LA BUFA
Priority Project La Bufa La Bufa Visible molybdenum at surface Trench sampling returns high Moly grades High grades: 30m @ 0.13% MoS 2 8m @ 0.13% MoS 2 Drilling in Progress
Priority Project La Bufa
Priority Project Potreritos Potreritos Area hosts many copper & molybdenum mines Azure discovers copper & silver mineralisation High grades: Wide intercepts: Shallow depths: 1.5m @ 8.5% Cu & 57g/t Ag 24.4m @ 1.2% Cu & 11.3g/t Ag from surface
Priority Project Jagüey Jagüey Drilling discovers high grade silver, lead & zinc in massive sulphides High grades: 0.7m @ 3,180g/t Ag 19.0% Pb + Zn 1.1m @ 122g/t Ag 13.8% Pb + Zn Very High Value Product
Mexico
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
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
Growth & Outlook
Aggressive Exploration Timetable PROJECT MAR APRIL MAY JUNE JULY POTRERITOS Drilling JAGÜEY Drilling LA BUFA Drilling POZO DE NACHO Drilling CARDELEÑA Drilling
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
Contact Details Tony Rovira Managing Director Phone: +61 8 9481 2555 Fax: +61 8 9485 1290 Cell: +61 417 963 120 Email: admin@azureminerals.com.au Website: www.azureminerals.com.au Investor Relations Ann Nahajski Porter Novelli Phone: +61 8 9386 1233 Cell: +61 400 205 433