Antipa Minerals Limited · ASX:AZY
Antipa Minerals — Investor Presentation (May 2024)
38 slides from Antipa Minerals's investor presentation, May 2024
Slide 1: 2024 Exploration Overview
A PREMIER MINERAL EXPLORATION AND DEVELOPMENT COMPANY LARGE-SCALE, WORLD-CLASS GOLD AND COPPER ASSETS IN WESTERN AUSTRALIA 2024 EXPLORATION OVERVIEW ASX: AZY | May 2024
Slide 2: Disclaimer
DISCLAIMER Refer to Antipa Minerals ASX release 31 August 2022, for full Minyari Dome Project Scoping Study details. Antipa Minerals confirms that it is not aware of any new information or data that materially affects the information included in that release. All material assumptions and technical p
Slide 3: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY Antipa Minerals acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present, extending that respect to all Aboriginal and Torres Strait Islander peoples today.
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE | ASX : AZY SHARE REGISTER4 Share price1 A$ 0.012 8.6% 3.6% Newmont 3.4% Shares on issue1 4,135 M IGO Board and management 18.1% Market capitalisation1 A$ 49.6 M 66.3% Institutions and funds Other Cash2 A$ 5.4 M Debt Nil RESEARCH COVERAGE EV A$ 44.2 M Options3 56
Slide 5: Board and Management
BOARD AND MANAGEMENT Stephen Power Roger Mason Mark Rodda Peter Buck Gary Johnson Luke Watson Non-executive Managing Executive Director – Non-Executive Non-Executive CFO and Company Chairman Director Commercial and Legal Director Director Secretary Corporate lawyer with Geologist with 35 years
Slide 6: The Antipa Minerals Portfolio
THE ANTIPA MINERALS PORTFOLIO High impact exploration for large-scale discovery potential 2.6 SCOPING STUDY CONFIRMS STAND-ALONE C Moz PROJECT POTENTIAL Minyari Dome A ATTRIBUTABLE GOLD MINERAL RESOURCE1 100% Antipa 5,100 B km2 COMPLEMENTARY MAJOR A GROWTH PROJECTS OF HIGHLY PROSPECTIVE GOLD AND COP
Slide 7: Flagship Minyari Dome Project
FLAGSHIP MINYARI A DOME PROJECT 100% ANTIPA SOLID FOUNDATION WITH SIZEABLE UPSIDE 2022 SCOPING STUDY OUTCOMES1 1.8 Moz 2022 GOLD RESOURCE AT 1.6 g/t MINE MINING INITIAL SCHEDULE PHYSICALS GOLD OUTPUT PLUS Copper, Cobalt and Silver 21.4 Mt at 1.6 g/t Au 3 Mtpa throughput 975 koz INDICATED RESOURCE 1.
Slide 8: Sustained A$ Spot Gold Price Strength
SUSTAINED A$ SPOT GOLD PRICE STRENGTH Minyari Dome Project economics and size of exploration prize to strongly benefit $3,750 AUGUST 2022 SCOPING STUDY NPV7% A$3,500 GOLD $3,500 A$392M 44% Pre-taxat A$2,430/ozgold2 0 200 400 $3,250 SensitivityAnalysis 600 800 1000 1200 OPEX ± 10% 213 557 Gold price
Slide 9: Antipa Portfolio Exploration Optionality
ANTIPA PORTFOLIO EXPLORATION OPTIONALITY Investor leverage to future exploration success SIGNIFICANT EXPLORATION SPEND ACROSS HUGE 5,100km2 PORTFOLIO PATERSON (100% ANTIPA) 1,550km2 Shareholders WILKI benefit from large (100% ANTIPA) SUBSTANTIAL EXPLORATION group exploration 1,470km2 UPSIDE POTENTIA
Slide 10: A Full Pipeline of High-Impact Drilling
A FULL PIPELINE OF HIGH-IMPACT DRILLING H1 CY2024 exploration outline at 100% owned Minyari Dome Project Phase 1 H1 CY2024 13,770m drilling programme commenced and set to comprise: 10,620m of reverse circulation; plus A 3,150m of diamond core drilling Phase 1 drilling programme designed to:
Slide 11: A Phase 1 CY2024 Drilling Programme
A PHASE 1 CY2024 DRILLING PROGRAMME Multiple gold-copper targets across Minyari Dome INVESTOR PRESENTATION | 11
Slide 12: GEO-01 Discovery
A GEO-01 DISCOVERY Open pit amenable maiden gold resource opportunity Significant near-surface high-grade gold mineralisation intersected: 11m at 1.6 g/t gold from 24m down hole in 23MYC0383, including: 2m at 5.9 g/t gold from 25m 50m at 2.3 g/t gold from 72m down hole in 23MYC0383, includin
Slide 13: Pacman Targets
A PACMAN TARGETS High impact greenfield exploration Nifty copper deposit and Havieron analogue targets 30km east of Minyari: PM1 and PM3 are both magnetic high ± partially co-incident gravity high Havieron lookalikes PM2 is a gravity high ± partially co- incident magnetic high Nifty lookalike
Slide 14: Tetris Target
A TETRIS TARGET Following up CY2023 drilling activities Similar bulls-eye shaped, sized and amplitude magnetic high target as Havieron located 35km northeast of Minyari Hosted by metasediments under 450m of cover Recent EIS co-funded diamond core hole confirms base and precious metal “distal s
Slide 15: JV and Farm-in Portfolio Exploration
JV AND FARM-IN PORTFOLIO EXPLORATION H1 CY2024 exploration at our major growth projects1 B C D PATERSON FARM-IN CITADEL JV2 WILKI FARM-IN (100% ANTIPA : IGO) (32% ANTIPA : RIO TINTO) (100% ANTIPA : NEWMONT) Exploring for sediment-hosted copper Pursuing greenfield targets for future Targeting greenfi
Slide 16: New Parklands Target
D NEW PARKLANDS TARGET A very large-scale surface geochemical gold anomaly CURRENT TARGETS Parklands surface geochemical gold anomaly: Very large 3km long by up to 1.5km wide Broader Parklands-Chicken Ranch NW-SE trend Broader NP40 NW-SE trend connecting Havieron, GEO-01 and Minyari CY2024 P
Slide 17: Multiple Targets Surrounding Minyari
B MULTIPLE TARGETS SURROUNDING MINYARI Including exciting Havieron analogue targets CURRENT TARGETS Two co-incident magnetic-gravity high Havieron analogue targets 11 to 25km from Minyari Multiple air core and soil targets 2 to 40km from Minyari Reaper-Poblano-Serrano gold-copper corridor 35km
Slide 18: Extensive Rimfire Gold-Copper Mineralisation
C EXTENSIVE RIMFIRE GOLD-COPPER MINERALISATION Multiple greenfield discovery opportunities only 20km from Winu CURRENT TARGETS Rimfire intrusion’s 20km aureole hosts multiple zones of gold-copper mineralisation: Significant anomalous to ore grade gold and/or copper drill intersections highlight
Slide 19: Near-Term Catalysts
NEAR-TERM CATALYSTS Drilling across multiple projects in the current quarter A A MINYARI DOME MINYARI DOME Phase 1 CY2024 GEO-01 maiden drilling MRE1 commenced1 D C WILKI B CY2024 exploration CITADEL programme PATERSON CY2024 exploration MULTIPLE UPCOMING commenced1 CY2024 drilling commenced1 progra
Slide 20: Meaningful Value Creation for All Stakeholders
LOCAL REGIONAL CULTURAL SOCIALLY COMMUNITY ECONOMIC HERITAGE INCLUSIVE PARTNERSHIPS DEVELOPMENT PROTECTION WORKPLACE Engaging local people Exploration investment Collaborating with Committed to and businesses for for regional WA Traditional Owners to workplace diversity wide-ranging social long-term
Slide 21: Emerging as a Significant Gold and Copper Business
EMERGING AS A SIGNIFICANT GOLD AND COPPER BUSINESS OUTSTANDING LOCATION Paterson region has been historically underexplored Prospective frontier for the discovery of multi-cycle, tier-one gold-copper deposits PROXIMAL TO THE TELFER MINE AND WINU AND HAVIERON In the last 7 years >19Moz of gold
Slide 22: JV and Farm-in Project Overview
JV AND FARM-IN PROJECT OVERVIEW INVESTOR PRESENTATION22 |
Slide 23: Paterson Farm-in Project
B PATERSON FARM-IN PROJECT (100% ANTIPA) B LARGE-SCALE 1,550km2 LAND HOLDING ATTRACTIVE FARM-IN WITH IGO1 LOCATED WITHIN 22km OF THE TELFER GOLD-COPPER- SILVER MINE AND 22Mtpa PROCESSING FACILITY AGREEMENT TO SPEND A$30M FOR 70% JV INTEREST WITH A$6M SPENT BY IGO TO DATE. ANTIPA IS FREE CARRIED TO C
Slide 24: Citadel JV Project
C CITADEL JV PROJECT (32% ANTIPA) 1.1 Moz STRATEGIC JOINT VENTURE WITH RIO TINTO2 GOLD EQUIVALENT ATTRIBUTABLE RESOURCE1 1,200km2 LAND HOLDING ALL LOCATED WITHIN 50km OF RIO TINTO’S WINU COPPER-GOLD-SILVER DEVELOPMENT PROJECT C 108 MT MINERAL RESOURCE Au 2.4 Moz (0.8 Moz attributable) at 0.72 g/t Cu
Slide 25: Wilki Farm-in Project
D WILKI FARM-IN PROJECT (100% ANTIPA) SUBSTANTIAL 1,470km2 LAND HOLDING ATTRACTIVE FARM-IN WITH NEWMONT1 D LOCATED WITHIN 3km OF THE TELFER GOLD-COPPER- SILVER MINE AND 22Mtpa PROCESSING FACILITY AGREEMENT TO SPEND A$60M FOR 75% JV INTEREST WITH A$9M SPENT BY NEWCREST/NEWMONT TO DATE 2.4 MT MINERAL
Slide 26: JV and Farm-in Project Overview
JV AND FARM-IN PROJECT OVERVIEW B PATERSON PROJECT: A$30M IGO FARM-IN FOR UP TO 70% INTEREST (AZY 100%, IGO 0%) ~1,550km2 Antipa / IGO Farm-in Project (agreed 9 July 2020) comes within 23km of Telfer and 8km of Rio’s Winu copper-gold- silver development project Initial A$4M minimum exploration p
Slide 27: Appendix
ANTIPAMINERALS x (=) a Ww a. a. <x
Slide 28: Mineral Resource
MINERAL RESOURCE Minyari Dome Minyari Dome Project (100%)1 Deposit Aueq cut-off Category Tonnes (Mt) Au grade (g/t) Cu grade (%) Ag grade (g/t) Co (%) Au (oz) Cu (t) Ag (oz) Co (t) Minyari 0.5 Aueq Indicated 15.00 1.17 0.19 0.54 0.04 567,000 27,800 259,600 5,930 Minyari 0.5 Aueq Inferred 2.70 1.12 0
Slide 29: Mineral Resource
MINERAL RESOURCE Advanced exploration optionality Citadel Project (Antipa 32%1 and Rio Tinto 68%1 JV) Deposit Aueq cut-off Category Tonnes (Mt) Au equiv. (g/t)2 Au grade (g/t) Cu grade (%) Ag grade (g/t) Au equiv. (Moz)2 Au (Moz) Cu (t) Ag (Moz) Calibre 0.5 Aueq Inferred 92 0.92 0.72 0.11 0.46 2.7 2
Slide 30: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE Gold Equivalent Calculations Gold Metal Equivalent Information – Minyari Dome Project Mineral Resource Gold Equivalent reporting cut-off grade: The 0.5 g/t and 1.5 g/t Aueq cut-off grades assume open pit and underground mining, respectively. A gold equivalent grade (Aueq) h
Slide 31: Phase 1 CY2024 Drilling Programme
A PHASE 1 CY2024 DRILLING PROGRAMME Multiple gold-copper targets across Minyari Dome Phase 1 programme plan is for a total of 74 drill holes for 13,770m, comprising: Minyari Dome: 71 RC holes for 10,620m Pacman: 3 diamond core holes for 3,150m Dual-focus programme: Delivery of maiden GEO-0
Slide 32: GEO-01 Discovery
A GEO-01 DISCOVERY Open pit amenable maiden gold resource opportunity GEO-01 deposit plan view showing drill intersections and interpreted mineralisation envelope 50m below surface Gold ± copper mineralisation footprint increased to 700m Folded hard/brittle quartzite and mafic intrusives are p
Slide 33: T12 Phase 1 CY2024 Drilling Programme
A T12 Phase 1 CY2024 drilling programme T12 is located 10km northwest of the Minyari deposit Very broad spaced CY2023 T12 air core drilling intersected gold mineralisation across a large area > 1km along strike by up to 400m across strike Multiple, shallow, 4m air core intersections were retur
Slide 34: New Parklands Target
D NEW PARKLANDS TARGET A very large-scale surface geochemical gold anomaly Located just 10km northeast of Newmont’s Telfer gold-copper-silver 22Mtpa processing facility Coherent gold and mineral system pathfinder surface geochemical anomaly: Very large 3km long by up to 1.5km wide Peak surfa
Slide 35: AL01 Very Large-Scale Air Core Gold Target
B AL01 VERY LARGE-SCALE AIR CORE GOLD TARGET 5km long air core gold and pathfinder anomaly just 17km from Minyari AL01 located 17km north of Minyari 2023 air core drilling extended AL01 anomaly to a 5km long target Meta-sediment hosted gold and pathfinder anomaly: Extensive mineral system pa
Slide 36: Shallow Depth of Younger Cover
SHALLOW DEPTH OF YOUNGER COVER First mover exploration and development advantage APPROXIMATELY 50% of Antipa tenements are under less than 20 metres of cover APPROXIMATELY 80% of Antipa tenements are under less than 80 metres of cover 36
Slide 37: Contact Details
CONTACT DETAILS MANAGING DIRECTOR EXECUTIVE DIRECTOR Mr Roger Mason Mr Mark Rodda E: roger.mason@antipaminerals.com.au E: mark.rodda@antipaminerals.com.au CORPORATE OFFICE MEDIA RELATIONS Level 2, 16 Ord Street Mr Michael Vaughan West Perth WA 6005 Fivemark Partners Australia E: michael.vaughan@five
Slide 38: Thank You
ANTIPAMINERALS THANK YOU