What Azure Minerals does

Azure Minerals is a Western Australian mineral exploration and development company advancing the Andover Lithium Project in the West Pilbara region of Western Australia. The flagship asset covers 108 square kilometres with confirmed spodumene-bearing pegmatites across a 9km by 5km corridor; the project is held 60% by Azure Minerals and 40% by Croydon Gold Pty Ltd (a Creasy Group entity). Azure is pre-production and currently has no commercial revenue, and is positioning the asset as a long-life lithium concentrate supply for the global clean energy, EV battery, and renewable energy storage markets. Its core technology is conventional open-pit and underground mining of spodumene-bearing pegmatites with a planned processing plant producing lithium concentrate (spodumene), supported by tailings storage facilities, dewatering infrastructure, and an 80 MW natural gas-fired power station complemented by solar PV and battery energy storage systems. The company has lodged an EPA referral with the Western Australian Environmental Protection Authority to advance permitting and has active partnerships with the Ngarluma Aboriginal Corporation and the Ieramugadu (Roebourne) community covering heritage, employment, and community investment.

Azure Minerals' corporate ownership was restructured in 2024 when it became a wholly owned subsidiary of SH Mining Pty Ltd, a 50/50 joint venture between Sociedad Química y Minera de Chile S.A. (via SQM Australia Pty Ltd) and Hancock Prospecting Pty Ltd (via Hanrine Future Metals Pty Ltd). SQM is among the world's largest lithium producers and Hancock Prospecting is a leading Australian mining house chaired by Gina Rinehart; the parent structure provides capital, technical capability, and an established global lithium distribution channel. Go-to-market is therefore an enterprise field-sales model routed through SQM's existing offtake relationships rather than independent Azure-led sales. The company is headquartered in West Perth with a field office in Roebourne near the Andover site, and is led by Managing Director and CEO Anthony (Tony) Paul Rovira, Chairman Peter Anthony John Ingram, and Company Secretary & CFO Brett Dickson. Pricing has not been publicly disclosed given the pre-production status, and revenue mechanics will depend on future offtake contracts, concentrate specifications, and prevailing spodumene market pricing once commercial production begins.

Name

Azure Minerals

Legal name

Azure Minerals Pty Ltd

Website

https://azureminerals.com.au

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Azure Minerals is a pre-production Western Australian mineral developer advancing the Andover Lithium Project in the West Pilbara, a 60%-owned 108 km² spodumene resource intended to supply lithium concentrate to global EV battery and clean energy markets under SQM and Hancock Prospecting ownership.

Ownership category

akta.pro rank

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Lithium Concentrate Sales: Azure Minerals will generate revenue through the sale of lithium concentrate (spodumene) produced from the Andover Lithium Project. The company is advancing the project through development studies toward production, targeting the global clean energy market including electric vehicles and renewable energy storage.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Azure Minerals is developing the Andover Lithium Project, a lithium mining project in the West Pilbara region of Western Australia, with the goal of becoming a key supplier of lithium concentrate (spodumene) to the global clean energy market. The project involves extraction and processing of spodumene-bearing pegmatites through open pit and underground mining methods to produce lithium concentrate for electric vehicle and renewable energy storage manufacturers.

Product overview

Azure Minerals is a mining and resource development company that does not operate commercial software products. The company's core business is the development and operation of the Andover Lithium Project, a lithium mining project located in the West Pilbara region of Western Australia. The project involves extraction and processing of spodumene (lithium-bearing pegmatite ore) to produce lithium concentrate for the global clean energy market. The company is a wholly owned subsidiary of SH Mining Pty Ltd, a joint venture between Sociedad Química y Minera de Chile S.A. (SQM) and Hancock Prospecting Pty Ltd.

Differentiator

Problem solved

Functional benefit

Products and services

• Andover Lithium Project Flagship lithium mining project in the West Pilbara region of Western Australia, covering 108 square kilometres with confirmed spodumene-bearing pegmatites across a 9km by 5km corridor. The project will employ open pit and underground mining methods to produce lithium concentrate (spodumene) for global clean energy and EV battery supply chain customers. The project is owned 60% by Azure Minerals and 40% by Croydon Gold Pty Ltd (a member of the Creasy Group).
• Lithium Concentrate (Spodumene) Planned product from the Andover Lithium Project: lithium concentrate produced from spodumene-bearing pegmatites for sale to global battery manufacturers, electric vehicle producers, and renewable energy storage companies.

Quantifiable outcome

• Project area covers 108 square kilometres with 9km by 5km mineralized corridor

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered flagship, minor and core.

• Croydon Gold Pty Ltd (Creasy Group)flagshipStrategic or Co-development Partner · 1 January 2023Croydon Gold Pty Ltd, a member of the Creasy Group, holds 40% ownership of the Andover Lithium Project while Azure Minerals holds the remaining 60%. This is a joint venture partnership for the development of the flagship Andover Project.
• REC (Specialist Engineering Consultancy)minorImplementation/ SI/ Consulting PartnerREC is engaged in the Azure Minerals TSF (Tailings Storage Facility) engineering project in the Pilbara region. REC provides specialized engineering services including tailings storage facility design, water management, and geotechnical solutions, as well as their GDMS centralized 3D modelling SaaS platform.
• Ngarluma Aboriginal CorporationcoreStrategic or Co-development PartnerAzure Minerals works closely with the Ngarluma Aboriginal Corporation to ensure cultural heritage is protected and celebrated throughout the life of the Andover Project. The Ngarluma people are the Traditional Owners of the land on which the project is located.
• Ieramugadu (Roebourne) CommunitycoreStrategic or Co-development PartnerAzure Minerals has a strong partnership with the Roebourne community, focusing on local employment and training opportunities for Aboriginal people, community investment, and environmental stewardship to protect the Harding River and surrounding ecosystems.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Market position

Weaknesses5 records

Competitive moat4 records

Customer concentration

• Xx.com/AzureMinerals
• LinkedInlinkedin.com/company/azure-minerals-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Azure Minerals