Azzuro Confirms High-Grade Copper-Gold Zones at Red Hill Project in Mongolia

Robust High-Grade Copper-Gold Intercepts at Red Hill

Azzuro Resources (ASX:AZ9) has delivered a second tranche of assay results from its 2026 drilling campaign at the Red Hill Copper-Gold Volcanogenic Massive Sulphide (VMS) Project in Mongolia, revealing significant high-grade mineralisation that surpasses previous benchmarks. Drillhole MU2603 notably intersected 21.45 metres grading 1.70% copper, 0.85 grams per tonne gold, 16.86 grams per tonne silver, and 0.21% zinc from 83.2 metres, including a standout 8 metres at 3.27% copper and 1.04 g/t gold. This intercept confirms a copper-rich massive sulphide zone with substantially higher copper tenor than the 2025 due diligence hole MU2502, reinforcing the project's potential for a substantial VMS system.

Expanding Shallow Gold Zones Bolster Exploration Potential

Beyond the massive sulphide lens, Azzuro's reverse circulation holes MURC02 and MURC03 have confirmed shallow gold mineralisation extending over a strike length of approximately 600 metres north of the VMS system. MURC02 returned 5 metres at 0.63 g/t gold from just 5 metres depth, while MURC03 hit 9 metres at 0.59 g/t gold and 4.17 g/t silver from surface. These results suggest a broad, surface-traceable gold zone that could materially enhance the overall value proposition of Red Hill. Meanwhile, MU2602 corroborated additional shallow copper and gold mineralisation, including 18.25 metres at 0.67% copper and 0.16 g/t gold from 68.75 metres.

Fully Funded Program and Integrated Geophysical Approach

The 2026 exploration program at Red Hill is fully funded, positioning Azzuro to sustain a steady flow of news as it advances the project. Pending assay results for nine additional drillholes are expected shortly, alongside integrated geophysical interpretations combining downhole electromagnetic surveys, gravity, resistivity, and chargeability data. This integrated approach aims to refine targeting and guide subsequent drilling phases, including follow-up on the massive sulphide system and near-surface gold-silver and gold-copper zones. The company also plans to report on the Copper Ridge diamond drillhole CRS05 and initial 3D IP geophysical survey results from the Oval Cu-Ni area.

Contextualising the Red Hill Discovery

Located in southwestern Mongolia, the Red Hill project is interpreted as a felsic VMS deposit hosted in dacitic and rhyolitic volcanics with associated black schists. The mineralisation comprises a steeply north-dipping massive sulphide lens rich in copper, gold, silver, and zinc, folded by multiple deformations. The recent drilling results build on earlier successes, confirming the continuity and up-dip extension of the massive sulphide zone and the presence of a broad shallow gold zone. The project benefits from a 30-year mining licence secured in 2015, with Azzuro having acquired 100% ownership in April 2026.

Geological and Technical Rigour Underpinning Results

The drilling program combines diamond core and reverse circulation techniques, with HQ-sized core samples oriented and assayed by industry-standard laboratories. Quality control protocols, including certified reference materials, blanks, and duplicates, ensure data reliability. While true widths of mineralisation remain undetermined, downhole intervals are interpreted to be greater than true widths for the massive sulphide lens, and similar to true widths for the shallow oxide gold-silver zone. The comprehensive geological logging and integration with geophysical data underpin Azzuro's confidence in delineating the system's scale.