Interview with Anthony Rovira, MD of Azure Minerals (ASX: AZS)

Azure Minerals (AZS) is an Australian mineral exploration company focused on lithium exploration in Western Australia. Led by Managing Director Tony Rovira, the company is primarily engaged in the Andover lithium project, where they have been conducting extensive drilling operations. Their efforts have yielded impressive results, with wide and high-grade intersections of lithium mineralization being discovered in pegmatites.

The Andover lithium project is regarded as one of the most promising lithium ventures globally, leading to a significant surge in Azure Minerals' share price. The company initially acquired the project from Mark Creasy, a renowned prospector, and entered into a 60-40 joint venture partnership. Through their exploration endeavors, Azure Minerals has been able to shift the project's focus from nickel to lithium, substantially transforming the company's prospects.

Azure Minerals currently operates six drill rigs and has a budgeted drilling program of 40,000 meters, which is expected to be completed by August. The company has shown confidence in the project's potential by allocating resources for a potential 100,000-meter drilling program by the end of the year. They have a robust financial position, with approximately $20 million in cash reserves and a monthly expenditure of $3-4 million.