Company
ASX:AZY
Antipa Minerals Ltd is a leading mineral exploration company with a proven track record of discovering world-class gold-copper deposits in the highly prospective Paterson Province of Western Australia. The company remains focused on advancing its exploration and development programmes to unlock the full potential of this richly endowed region, which offers substantial opportunities for profitable mining operations.
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“The available 2021 exploration program results have further increased the potential size of the Calibre 2.1-million-ounce gold, 104,000-tonne copper and 1.3-million-ounce silver mineral resource and have also identified highly prospective
Results continue to extend the potential size of the Minyari and WACA resources and enhance the project development opportunity.
“The increasing cache of greenfield discoveries within close proximity to the Minyari and WACA deposits demonstrates the significant exploration and resource growth potential within the company’s 100% Minyari Dome Project,” says MD.
This stage of the farm-in agreement requires Newcrest to invest a further A$10 million of exploration expenditure by March 2025 to earn a 51% joint venture interest in the Wilki Project in WA.
“The company is continuing greenfield exploration across the project in parallel with project evaluation activities with the aim of making significant discoveries that will enhance the Minyari-WACA development opportunity," says MD.
"The Board of the RBA has determined to keep the Official Cash Rate (OCR) at a record low 0.1% for a 10th consecutive month. Predictably, there is no plan to increase the OCR until 2024 and policies are being maintained to assist in keeping
The company has further confirmed that high-grade gold mineralisation is associated with sulphide matrixed breccia zones similar to the Havieron gold-copper style of mineralisation.
The continued progress of three farm-in/JV projects with high-quality partners Rio Tinto, Newcrest and IGO, along with the development of the 100%-owned Minyari Dome Project, has led to increasing executive requirements.
The company’s exploration strategy is to deliver greenfield discoveries as well as increase brownfield gold-copper mineral resources.
The mineral exploration company recorded a 362-metre intersection that more than doubled a previous hit, expanding its 100%-owned precious and base metal asset’s potential.
Results continue to extend the potential size of the Minyari resource and enhance the project development opportunity in a prolific copper-gold region.
The explorer’s 2021 drilling program continues across its multi-element Minyari asset, where a key reverse circulation drill hole at Minyari deposit returned broad intersections of high-grade gold and copper.
High-grade reverse circulation drill results from the project confirm the potential for resource growth and strengthen the standalone development opportunity based on an open pit and underground mining operation.
Multiple gold and copper projects within WA’s Paterson region are set to undergo drilling this month under Antipa’s comprehensive 2021 exploration campaign.
The company is well funded to pursue its aggressive exploration programs in the Paterson Province, with several drill programs underway.
A placement has been completed to Newcrest through the issue of 7.75 million new shares at A$0.042 per share to raise A$325,500.
The company’s strategy is to deliver greenfield discoveries and increase brownfield gold and copper resources with the aim of generating a short to medium-term production opportunity.
Proceeds from the placement will be used to meet Antipa’s 35% share of the Citadel Joint Venture 2021 exploration expenditure, in addition to funding ongoing exploration activities at the 100%-owned Minyari Dome Project.
As well as the gold, Calibre's inferred estimate update includes 103,700 tonnes of copper and 1.3 million ounces of silver.
The company will start a drill program of up to 21,000 metres in late May focusing on the Minyari and WACA deposits analogous to the Havieron gold-copper deposit.
