being offered from a broker to s708 - RaisingThe placement is...

being offered from a broker to s708 -

Raising
The placement is priced at 19 cents per share.

Use of Proceeds
Funds raised under the Placement will be used to fund further exploration and resource definition of the West Omai Gold Project.

Project Overview
AZH hold an attractive set of exploration tenements on the highly prospective Guiana Shield belt in Northern Guyana.

Current known gold resources on this belt total more than 100Moz of gold and is host to a number of world class resources (El Callo 18Moz, Las Christinas 17Moz). AZH?s tenement package give the company control of 10% of this prospective geological belt.

AZH?s flagship asset is the West Omai project. A two stage 17,000m drill program is currently underway:
- Stage 1 aimed at confirming a maiden resource of 500koz at 2.3g/t ? which underpins the current market cap of $60m.
- Stage 2 will expand the drilling 4.5km along strike from this resource. Success of this program could potentially yield a resource increase to several Moz (there are currently 20 separate 1Moz plus resources on Guiana Shield belt).