Azure eyes North American future

WITH six rigs operating in the field, a partnership with Teck Resources, A$5 million cash in the bank and a portfolio of projects in Mexico that are attracting the attention of North American funds, Azure Minerals is in some of the best shape of its life, according to managing director Tony Rovira.

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At yesterday’s annual general meeting the company’s shareholders approved a 1:20 share consolidation, despite a significant vote against the move, to reduce the shares to below the 100 million level,