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Antipa Minerals on capital raising drive

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Antipa Minerals (ASX:AZY) has been granted a trading halt by the ASX pending details of a proposed capital raising.

In February, Antipa updated Resources at its Calibre and Magnum deposits in accordance with JORC 2012. These are part of the Citadel Project located in Western Australia’s Proterozoic Paterson Province.

Calibre has a resource of 47.8 million tonnes at 0.56g/t gold and 0.17% copper, or 867,000 ounces of gold and 81,000 tonnes of copper.

Magnum hosts 16.1 million tonnes at 0.66g/t gold and 0.36% copper for 339,000 ounces of gold and 58,000 tonnes of copper.

The halt will remain in place until the opening of trade on Monday 30th March 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Antipa Minerals Ltd

Price: 0.011 AUD

ASX:AZY
Market: ASX
Market Cap: $22.87 m
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