28 October 2022
Antipa says Minyari Dome could be a robust gold mining operation
This quarter Antipa released the scoping study for its Minyari Dome
project in WA, confirming a “robust potential stand-alone gold mining
and processing operation.”
Highlights included an initial combined open pit and underground mine
schedule of 21.4Mt at 1.6g/t gold (1.1 Moz), 7+ years initial
processing life at a 3Mtpa throughput and a simple, non-refractory
metallurgy which allows standard CIL process plant with 90% gold
Looking at the economics of the project, the forecast average
All-In-Sustaining-Cost (AISC) was $1,475/oz (US$1,062/oz), the Pre-tax
NPV7 was $392M and the IRR was 34% (at US$1,750/oz gold and 0.72
Plus, the company says there’s latent potential to boost project economics with resource upside and by-product opportunities.
The PFS has commences and is scheduled for completion in Q4 FY23.
As at quarter end, the company held cash of $11.7 million.
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