Azarga Metals CEO Gordon Tainton: Well Positioned to Supply the Asian Market

Azarga Metals CEO Gordon Tainton spoke about

Azarga Metals’ (TSXV:AZR)

positive findings in an updated preliminary economic assessment (PEA) for the development of its wholly owned Unkur copper-


project in the Zabaikalsky administrative region of Eastern Russia.


Unkur copper-silver project

is strategically located near one of Russia’s Trans Siberian railways. The area is also home to the world’s third largest-known copper


, the largest titanium deposit and the world’s largest recorded



“The key outcomes propose an average annual production of 11,700 tonnes per annum of copper and 2.9 million ounces per annum of silver, both in concentrate with a mine life of over 14 years. Also we have a four year open-pit mining opportunity at 2.75 million tonnes per annum followed by 10 years of underground mining that is 2 million tonnes per annum,” said Tainton.

This CEO Interview is brought to you by:

Azarga Metals (TSXV:AZR)

a mineral exploration and development company focused on its 100 percent owned Unkur copper-silver project in the Zabaikalsky province in eastern Russia.

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base PEA case

is considered an alternative open-pit-only case to mine and process the oxide material only for four years with a post-tax net present value (NPV) of US$95.1 million and an internal rate of return (IRR) of 46.3 percent (at consensus prices), and a NPV of US$162.2 million and an IRR of 70.1 percent (at May 2021 spot prices).

“The opportunity to build and operate a mine is there for us. We’ve got a large, fairly unexplored license, which has very good mineralization. We are literally 30 kilometers from the world’s third largest-known copper deposit. Unkur is ideally situated to get those copper products and

precious metals

like silver down to far eastern, Chinese and other end-user markets,” added Tainton.

Watch the full interview of Azarga Metals CEO Gordon Tainton above.

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Azarga Metals (TSXV:AZR)

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Azarga Metals

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INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with

Azarga Metals

and seek advice from a qualified investment advisor.

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