“The strategy of the Company will be driven by a Board and Management team with proven technical and commercial skills.”
Antipa is focused on exploration activities on its 100%-owned North Telfer Project, which covers 1,660km2 of highly prospective ground in the Paterson. North Telfer includes substantial JORC (2012)-compliant gold-copper resources at Minyari-WACA and multiple other promising exploration targets that are being systematically assessed.
Early in 2020, the Company struck a farm-in agreement with established gold miner Newcrest Mining Ltd over a 2,260km2 area in the Paterson known as the Wilki Project. As part of the Wilki farm-in agreement, Newcrest Mining can spend $60 million on exploration over eight years to earn a 75% interest in the project including a minimum of $6 million in the first two years. Wilki surrounds Newcrest Mining’s long-running Telfer gold-copper mine.
To the north of Wilki and its 100%-owned ground, Antipa is a partner in the 1,320km2 Citadel Joint Venture with Rio Tinto. Rio holds a 51% interest in the joint venture and can earn up to another 24% through further expenditure on exploration. Citadel, which is directly east of Rio’s Winu copper discovery, includes JORC (2012)-compliant mineral resources at the Calibre and Magnum deposits totalling 1.2 million ounces of gold and 139,000 tonnes of copper. Mineralisation at both deposits is open in all directions.