“The strategy of the Company will be driven by a Board and Management team with proven technical and commercial skills.”
Antipa is focused on its own exploration activities on the North Telfer Project, located approximately 40 kilometres north of Newcrest’s world-class Telfer copper-gold-silver mine. The North Telfer Project includes the Minyari Dome, which contains the Minyari-WACA gold-silver deposits. The Company aims to progress studies into the development of the Minyari-WACA deposits, while continuing to explore other highly prospective targets in the nearby vicinity.
Rio Tinto has a Joint Venture Agreement with Antipa to farm-in to the Citadel Project, situated in the north of the Paterson Province, and can fund up to $60 million of exploration expenditure to earn up to a 75% interest in the project. The Citadel project includes JORC (2012) compliant Mineral Resources at the Calibre and Magnum deposits for a combined total of 1.2 million ounces of gold and 139,000 tonnes of copper, with mineralisation at both deposits open in all directions.