09 April 2025
ProActive Investors - Antipa Minerals to regain complete ownership of Paterson Project
Antipa Minerals Ltd is poised to regain complete ownership of its 1,520-square-kilometre Paterson Project in Western Australia, consolidating its strategic tenement position in the Paterson Province.
The move follows the decision by IGO Newsearch Pty Ltd, a wholly owned subsidiary of IGO Ltd, to withdraw from the farm-in agreement, effective April 30, 2025.
The termination marks the end of a four-year partnership established in July 2020, during which IGO invested approximately $15 million in exploration activities targeting copper discoveries.
With IGO’s exit, Antipa fully consolidates its strategic tenement position in the Paterson Province, expanding its wholly owned holding to approximately 4,060 square kilometres.
“Significant advantage”
Antipa Minerals managing director Roger Mason said: “Antipa’s foresight in recognising the regional opportunity within the Paterson, combined with our early-mover actions, has delivered a significant advantage that is beginning to reveal itself.
“The full retention of this Project is a fantastic result for Antipa, delivering a twofold benefit: first, the tenement package completely surrounds our flagship Minyari Dome Project, further enhancing any future standalone development and second, while exploration has been focussed on copper discoveries several years, we have long recognised multiple gold-dominant opportunities on this ground which we are excited to now be able to properly interrogate.
“The consolidation of the Paterson Province continues, and we are set to play a major role in its future.”
Drilling and sampling expand gold targets at Paterson Project
Antipa conducted extensive exploration activities at the Paterson Project during the December quarter of calendar year 2024, including 37 drill holes for a total of 2,628 metres and a surface geochemical sampling program.
The work materially expanded the gold mineralisation footprint at both the GEO-01 and Rizzo prospects, located near the Minyari deposit. Additionally, the company reported encouraging results from the Collie geophysical target, situated 11 kilometres north along trend from the Winu deposit.
Antipa highlighted that multiple high-priority, walk-up drill targets, anomalies and prospects lie within a well-endowed mineralised corridor surrounding the Minyari Dome. The company has refined its gold and copper targeting strategy based on insights from five years of systematic exploration, particularly around GEO-01, which is expected to enhance the project's discovery potential.
Looking ahead, the 2025 calendar year exploration program is in the final stages of planning and will concentrate on key prospects near Minyari. This includes further drilling at GEO-01 and Rizzo, as well as testing of additional targets such as PP-GRAV02 and AL01.
Further details of the upcoming program are expected to be released in the coming weeks.
About the Project
The Paterson Project surrounds Antipa’s Minyari Dome Development Project, which hosts a Mineral Resource Estimate of 2.3 million ounces of gold, 83,500 tonnes of copper, 661,000 ounces of silver and 13,000 tonnes of cobalt.
The project is considered highly prospective for gold and/or copper deposits hosted within metasediments and mafic intrusives.
During the farm-in period, IGO’s exploration efforts were primarily directed toward identifying new copper discoveries.
As a result, gold-dominant existing prospects, surface geochemical and air core anomalies, and greenfield targets—many of which lie near the standalone Minyari Dome gold development—were either deprioritised or not explored.
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