10. Run Win32DiskImager as an administrator
11. Specify a destination file name; C:/newimage.img
12. Select the correct device. This will be the device you can see in your ‘This PC’ that will ask you to format if you select it. (Always click Cancel)
12. Click Read to create your image.
This image can now be applied to a Pi Compute Module as mentioned here: https://podtech.com/miscellaneous/flash-a-pi-compute-module-with-raspbian-server/