Antipa Minerals

Financials:

Primary ticker: ASX:AZY
Stage of development: Exploration, Development
Primary minerals: Gold, Copper, Cobalt, Silver
Project to promote: Significant Exploration and Development Opportunities
Project location: Paterson Province, Western Australia
Website: www.antipaminerals.com.au

Antipa Minerals Ltd (ASX: AZY) (Antipa or the Company) is a leading mineral exploration company with a strong track record of success in discovering world-class gold-copper deposits in the highly prospective Paterson Province of Western Australia. The Company’s exploration and advancement program is focused on identifying and unlocking the full potential of the region, which offers significant opportunities for profitable mining operations. 

The Company’s tenement holding covers over 5,100 square kilometres in a region that is home to Newcrest’s world-class Telfer mine and some of the world’s more recent large copper-gold deposits including Rio Tinto’s Winu and Newcrest-Greatland Gold’s Havieron. 

Exploration success has led to the discovery of several major mineral deposits on Antipa’s ground, including the wholly owned, flagship Minyari Dome Project. Minyari Dome currently hosts a 1.8 Moz gold resource (at 1.6 g/t) which was the subject of a recent Scoping Study (August 2022) confirming the potential for a sizeable initial development with further substantial upside.

Antipa is pursuing an aggressive drilling programme this year, targeting substantial and rapid growth to the existing gold-copper resources at Minyari Dome and delivering strong further value enhancement to the existing development opportunity. 

Minyari Dome is complemented by three growth projects which have attracted major listed miners to agree multi-million-dollar farm-in and joint venture (JV) arrangements: 

  • Citadel Project (32% Antipa): Rio Tinto JV over 1,200km2 
  • Wilki Project (100% Antipa): Newcrest farming-in 1,470km2 


Paterson Project (100% Antipa): IGO farming-in 1,550km2 

Cash: AUD$8M
Debt: NIL

Major shareholders:
Newcrest – 9.9%
Institutions and Funds – 9.6%
IGO – 4.1%
Board and Management 3.6%

Management Profile

Roger Mason – Managing Director, BSc (Hons), MAusIMM

Roger is a geologist with over 35 years resources industry experience involving exploration, project, mining and business development roles covering a range of commodities gained in Australia and overseas including Africa and North America. Roger’s career highlights include the discovery of the Calibre, Victor South and Corker deposits, and working on the gold deposits of Kalgoorlie’s Golden Mile, nickel sulphide deposits of Kambalda, iron oxide copper-gold deposits in Queensland and his current role as Managing Director of Antipa Minerals.

 

Mark Rodda – Executive Director – Commercial and Legal, BA, LLB
Mark has been a lawyer and corporate consultant for over 25 years and has considerable practical experience in the management of local and international mergers and acquisitions, divestments, exploration and project joint ventures, strategic alliances, corporate and project financing transactions and corporate restructuring initiatives. Mark held the position of General Counsel and Corporate Secretary for LionOre Mining International Ltd, a company with operations in Australia and Africa and listings on the TSX, LSE and ASX, which was acquired by Norilsk Nickel for in excess of US$6.3 billion.

What is your rationale for taking part in 121 Mining Investment?

Antipa Minerals attends 121 Mining Investment events to update existing and potential investors on recent developments relating to the Company and the unique investment opportunity that it presents.

What recent news would you like to highlight to investors attending?

May 2022 – Updated Minyari-WACA Mineral Resource (100% Antipa) increased by 250% to 1.8 million ounces of gold, 64,300 tonnes of copper, 584,000 ounces of silver and 11,100 tonnes of cobalt at 1.6 g/t gold and 0.19% copper

August 2022 – Minyari Dome Scoping Study outcomes released confirming the robust potential for a stand-alone gold mining and processing operation (based on the May 2022 MRE update).

October 2022 – A$12M capital raising completed in October 2022 to accelerate exploration and appraisal activities at Minyari Dome.

November 2022 – Minyari Dome Pre-feasibility Study (PFS) commenced in November 2022, scheduled to include an updated MRE and incorporate additional upside opportunities.

March 2023 – Antipa regains sole rights to, and operational control of, several high priority targets formerly part of Wilki Farm-in with Newcrest .

March 2023 – Significant high-grade gold (+copper+silver+cobalt) drill results reported at multiple Minyari Dome deposits and delivers two new discoveries at Minyari North and at the GEO-01 target within the 100% owned Minyari Dome Project

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Undertaking growth drilling programme at Minyari Dome Project and Pre-Feasibility Study works

6 Months:
Continuation of aggressive growth drilling programme at Minyari Dome Project and Pre-Feasibility Study works

12 Months:
Updated Minyari Dome Project resource expected and to be incorporated into Pre-Feasibility Study targeted for release in Q4 CY2023

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The Company has endeavored to mitigate risks associated with mineral exploration by farming out a large portion of its extensive landholding to majors, maintaining excellent and mutually beneficial relations with all stakeholders, including relevant native title holders.

What do you think makes your company such a compelling investment?

5,100km2 of highly prospective gold and copper and copper ground

Board and Management (190 years combined industry experience) have a proven track record of value creation

2.7 Moz Gold only attributable Mineral Resource

Growth drilling programme at its 100%-owned Minyari Dome Project

High quality strategic partners with continuing exploration programmes

What are the top 3 key investor takeaways?

Outstanding location

– Paterson region has been historically underexplored
– Prospective frontier for the discovery of multi-cycle, tier-one gold-copper deposits
– In the last 6 years >16Moz of gold and >3Mt of copper discovered
– Western Australia is a low-risk, mining-friendly jurisdiction

Resource Defined with Future Expansion Potential

– Now hosting a 2.7 Moz gold only attributable JORC Resource
– Scoping Study outcomes demonstrate technical and commercial viability for a stand-alone development at the 100% owned Minyari Dome Project
– Additional, significant exploration across the portfolio throughout CY23
– Current and future value pathways for shareholders

High Quality Strategic Partners with Continuing Exploration Programmes

– Strategic JV and farm-in agreements with Rio Tinto, Newcrest and IGO
– Combined historical partner contribution of A$50M of exploration spend
– Cumulative potential free-carry exploration spend of up to A$115M
– Strong major discovery objectives and actions