Antipa Minerals Ltd (“Antipa”) is an Australian-based minerals exploration company listed on the Australian Securities Exchange (ASX:AZY) that holds a commanding land position in the Paterson Province in north-west Western Australia.
Antipa is focused on exploration activities on its 100%-owned Minyari Dome Project, which covers 144km2 of highly prospective ground in the Paterson. Minyari Dome includes substantial JORC (2012)-compliant gold-copper resources at Minyari-WACA and multiple other promising exploration targets that are being systematically assessed.
The May 2022 update of the Indicated and Inferred Mineral Resource estimate, which incorporates the results of drilling completed in 2021, totals 33.9 million tonnes at 2.14 g/t gold equivalent (1.60 g/t gold, 0.19% copper, 0.54 g/t silver and 0.03% cobalt) containing 2.3 million gold equivalent ounces (1.8 million ounces of gold, 64,300 tonnes of copper, 584,000 ounces of silver and 11,100 tonnes of cobalt) using gold equivalent cut‐off grades of 0.5 g/t and 1.5 g/t considered appropriate for open pit and underground mining respectively.
To the north of its 100%-owned ground, Antipa is a partner in the 1,300km2 Citadel Joint Venture with Rio Tinto. Rio holds a 65% interest in the joint venture. Citadel, which is directly east of Rio’s Winu copper discovery, includes JORC (2012)-compliant mineral resources at the Calibre and Magnum deposits totalling 2.45 million ounces of gold and 162,000 tonnes of copper. Mineralisation at both deposits is open in all directions.
In February 2020, the Company entered into a $60 million farm-in agreement with Newcrest in respect of a ~2,200km2 portion
of the Company’s ground in the Paterson, now known as the ‘Wilki Project’.
In July 2020, Antipa entered into a farm-in agreement with ASX-listed mining company IGO Limited over 1,550km2 of highly prospective ground in the Paterson. IGO can earn a 70% interest in the tenements by spending $30 million over 6.5 years.