On The Road To Silver & Gold Mining In Mexico

By Aussie John

Tony Rovira: Managing Director & CEO

DUAL PATHWAY TO VALUE CREATION
-Fast tracking silver mine development at Mesa de Plata
• Indicated Mineral Resource of 26Moz silver at surface
• Feasibility Study in progress, due for completion Q1 2017
• Targeting near-term production
-Maintaining substantial exploration drilling programs
• Loma Bonita gold-silver deposit – mineral resource due in Q4 2016
• Cerro Enmedio & Cerro San Simon (copper-gold-silver)

Derisked Company & Projects

Company well-funded with treasury of $13.3M
• Highly experienced technical & management team with proven
mineral discovery and mine building credentials
• Strong, long term relationships & positive reputations with
Mexican Government, local communities & mining companies
• Outstanding precious metal assets located in a world-class
mining district

Substantial Exploration Success

Discoveries at surface…

Mesa de Plata Silver Deposit
INDICATED MINERAL RESOURCE:
25.9 million ounces of Silver @ 84g/t Ag
including a High Grade Zone of:
15.3 million ounces Silver @ 220g/t Ag

Mesa de Plata Silver Deposit

Mesa de Plata – Near-term Milestones
• Infill drilling – upgrade High Grade Zone to Measured Resource – Q4 2016
• Feasibility Study – High Grade Zone mining & processing option – Q1 2017

Good widths & good gold grades

Operating open pit, heap leach gold mines in northern Mexico

Exploration News Flow – Loma Bonita
• Drilling indicates potential for >200,000oz gold
• Mineral Resource due in Q4 2016
• At surface, open-pit, oxide, leachable mineralisation
• Good metallurgy – Av: 94% recovery

Highlights
• High grade silver deposit at Mesa de Plata
• On top of hill, no overburden = simple open pit mining
• 12 months from discovery to development studies
• Feasibility Study by Q1 2017
• Likely to be a low cost & highly profitable mining operation
• Loma Bonita – a new gold discovery & mineral resource soon
• Strong potential nearby for more gold & silver deposits
• Is there a porphyry copper deposit on the property? – Likely

Expect major value-add over 18-24 months

Competent Person Statements:

This report’s information related to previously reported Exploration Results was first reported to ASX on 11 May, 14 June, 25 August and 28 September 2016. Azure Minerals Limited confirms that it is unaware of any new information or data that materially affects the news in the relevant market announcement. The information related to Mineral Resources for the Mesa de Plata deposit is

extracted from the report “Mesa de Plata Mineral Resource Estimate”, created and released to ASX on 9 May 2016 and available to view on www.asx.com.au. The company confirms that it is unaware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.