Antipa Minerals Limited · ASX:AZY

Antipa Minerals — Shareholder Meeting (November 2023)

39 slides from Antipa Minerals's shareholder meeting presentation, November 2023

  1. Slide 1: A Premier Mineral Exploration and Development Company

    A PREMIER MINERAL EXPLORATION AND DEVELOPMENT COMPANY LARGE-SCALE, WORLD-CLASS GOLD AND COPPER ASSETS IN WESTERN AUSTRALIA Annual General Meeting ASX: AZY | November 2023

  2. 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

  3. 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.

  4. Slide 4: The Antipa Minerals Portfolio

    THE ANTIPA MINERALS PORTFOLIO High impact exploration and advancement of our flagship Minyari Dome Project 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 PROSPEC

  5. Slide 5: Antipa Portfolio Exploration Optionality

    ANTIPA PORTFOLIO EXPLORATION OPTIONALITY Investor leverage to future exploration success MAJOR CY2023 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 POTENTI

  6. Slide 6: Minyari Dome

    MINYARI DOME A PROJECT 100% ANTIPA Existing sizeable stand-alone project Technically and commercially robust potential with clear and substantial exploration upside  Initial Scoping Study indicates stand-alone gold mining and processing operation potential Strategically significant location 1.8  3

  7. Slide 7: Existing Stand-Alone Project Potential

    A EXISTING STAND-ALONE PROJECT POTENTIAL Attractive foundation with sizable project upside MINE SCHEDULE MINING PHYSICALS STANDARD CIL PLANT 21.4 Mt at 1.6 g/t gold 3 Mtpa throughput 90% gold recovery Initialopenpit andundergroundmine For7+yearsinitialprocessinglife Simplenon-refractorymetallurgy IN

  8. Slide 8: Tremendous leverage to rising gold price

    A EXISTING STAND-ALONE PROJECT POTENTIAL Tremendous leverage to rising gold price NPV7% A$392M Pre-taxat A$2,430/ozgold2 65 165 265 365 465 565 665 OPEX ± 10% 213 557 SPOT GOLD TRADING AT A$3,017/oz1 Gold price A$ ± 10% 228 557 Australian dollar equivalent Recovery ± 2% (Abs) 356 429 gold price now

  9. Slide 9: Aggressive Growth Drilling Programme

    A AGGRESSIVE GROWTH DRILLING PROGRAMME Significantly expanded mineral resource and greenfield drilling programmes  Expanded Phase 2 drilling programme targeting substantial and rapid growth to the gold-copper resource base and major greenfield discoveries:  Plan up to 19,000m – Current forecast up

  10. Slide 10: Aggressive Growth Drilling Programme

    A AGGRESSIVE GROWTH DRILLING PROGRAMME Significantly expanded mineral resource and greenfield drilling programmes 1 3 2 MINYARI DEPOSIT HAVIERON (GREATLAND GOLD) AND HEMI (DE GREY) DEPOSIT FAMILY Legend:  Minyari: Thick breccia and vein mineralisation starts at surface and delivers 3,000oz per vert

  11. Slide 11: GEO-01 delivers potential open pit amenable maiden resource

    A AGGRESSIVE GROWTH DRILLING PROGRAMME 1 GEO-01 delivers potential open pit amenable maiden resource opportunity GEO-01 PROSPECT  Significant near-surface high-grade gold mineralisation intersected:  24m at 1.3 g/t gold from 16m down hole in 23MYC0383, including:  4m at 6.7 g/t gold from 28m  68

  12. Slide 12: Tetris and Pacman greenfield targets

    A AGGRESSIVE GROWTH DRILLING PROGRAMME 3 Tetris and Pacman greenfield targets  Diamond drill testing at high-potential Tetris target commenced November  A$660,000 WA Government co-funding drilling grants for Tetris and Pacman TETRIS TARGET  Havieron doppelgänger 35km northeast of Minyari  Simila

  13. Slide 13: CY2023 Minyari Dome Project Exploration Programme underway

    A AGGRESSIVE GROWTH DRILLING PROGRAMME Phase 2 CY2023 Minyari Dome Project Exploration Programme underway GEO-01 PROSPECT TETRIS GREENFIELD TARGET POTENTIAL OPEN PIT AMENDABLE HAVIERON DOPPELGANGER MAIDEN RESOURCE OPPORTUNITY 35KM NORTHEAST OF THE MINYARI DEPOSIT • Two EIS co-funded diamond drill ho

  14. Slide 14: Minyari Dome Project Milestones

    A MINYARI DOME PROJECT MILESTONES Continued aggressive exploration activity CY2022 CY2023 CY2024 Q3 Q4 Q1 Q2 Q3 Q4 Q1 SCOPING STUDY 2022 EXPLORATION PROGRAMME NEW TARGET FINALISATION EXPLORATION DRILL PROGRAMMES MINERAL RESOURCE UPDATE: Contingent on receipt of assays PRE-FEASIBILITY STUDY: Schedule

  15. Slide 15: Paterson Farm-In Project (100% Antipa)

    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

  16. Slide 16: FY2024 high-priority greenfield exploration programme

    B PATERSON FARM-IN PROJECT (100% ANTIPA) FY2024 high-priority greenfield exploration programme PROGRAMME DETAIL  FY2024 programme approximately 7,000m complete  Fully funded and operated by IGO  A$210,000 WA Government co-funding drilling grant  Completed drilling activities H1 FY2024 (assays pe

  17. Slide 17: Multiple exciting Havieron analogue targets

    B PATERSON FARM-IN PROJECT (100% ANTIPA) Multiple exciting Havieron analogue targets CO-INCIDENT GRAVITY MAGNETICS IDENTIFY HIGH PRIORITY TARGET  The Havieron 5.5Moz gold and 222kt copper1 and Minyari 1.8Moz gold 64kt copper deposits are co-incident magnetic and gravity highs  Priority target PP-G

  18. Slide 18: Citadel JV Project (33% Antipa)

    C CITADEL JV PROJECT (33% ANTIPA) 1.1 Moz STRATEGIC JOINT VENTURE WITH RIO TINTO2 GOLD EQUIVALENT ATTRIBUTABLE RESOURCE1 1,200km2 LAND HOLDING ALL LOCATED WITHIN 50km OF THE 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 162 kt

  19. Slide 19: Antipa to operate H2 CY2023 exploration programme

    C CITADEL JV PROJECT (33% ANTIPA) Antipa to operate exciting H2 CY2023 exploration programme PROGRAMME DETAIL  CY2023 programme approximately 2,000m complete  Fully funded by Rio Tinto1  Antipa operators KEY TARGETS  Rimfire Southwest:  Interpreted fold hinge  SW sector of highly fertile gold-

  20. Slide 20: Geology and scale suggests substantial growth potential

    C CITADEL JV PROJECT (33% ANTIPA) Geology and scale suggests substantial growth and development potential CALIBRE DEPOSIT (SHOWN RIGHT)  Inferred Mineral Resource 92Mt at 0.72 g/t gold, 0.11% copper and 0.46 g/t silver for 2.1Moz gold, 104kt copper and 1.3Moz silver  1.7km long, up to 480m thick a

  21. Slide 21: Wilki Farm-In Project (100% Antipa)

    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

  22. Slide 22: FY2024 exploration programme to regenerate greenfield target pipeline

    D WILKI FARM-IN PROJECT (100% ANTIPA) FY2024 exploration programme to regenerate greenfield target pipeline PROGRAMME DETAIL  Planned for up to 2,300m RC drilling (H2 FY2024)  Large-scale airborne gravity gradiometer (AGG) geophysical survey complete  Large-scale soil geochemical sampling program

  23. Slide 23: Multiple exploration activities across the Paterson Province

    COMPLEMENTARY MA JOR GROWTH PROJECTS Multiple exploration activities across the Paterson Province CY2022 CY2023 Q3 Q4 B PATERSON IGO FARM-IN1: Drilling (diamond, reverse circulation, air core) and hydrochemical sampling C CITADEL RIO (67%) JV2: Drilling (reverse circulation) ± geophysical survey D W

  24. Slide 24: 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

  25. Slide 25: Capital Structure

    CAPITAL STRUCTURE CAPITAL STRUCTURE | ASX : AZY SHARE REGISTER4 Share price1 A$ 0.015 8.6% 3.6% Shares on issue1 4,134.8 M 3.4% Market capitalisation1 A$ 62.0 M 18.1% Cash2 A$ 7.9 M 66.3% Debt Nil EV A$ 54.1 M Newcrest IGO Board and management Institutions and funds Options3 571.9 M Other 1. At 16 N

  26. Slide 26: 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 

  27. Slide 27: 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 HAVIERON AND WINU  In the last 7 years >18Moz of gold

  28. Slide 28: 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

  29. Slide 29: Appendix

    x (=) a Ww a. a. <x ANTIPAMINERALS

  30. Slide 30: Mineral Resource - Minyari Dome

    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

  31. Slide 31: Mineral Resource - Citadel and Wilki

    MINERAL RESOURCE Advanced exploration optionality Citadel Project (Antipa 33%1 and Rio Tinto 67%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

  32. Slide 32: Mineral Resource Estimate - Gold Equivalent Calculations

    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

  33. Slide 33: JV and Farm-In Project Summary

    JV AND FARM-IN PROJECT SUMMARY CITADEL JOINT VENTURE – ANTIPA 33%1 : RIO TINTO 67%1 (RIO EARNT 65% BY SOLE FUNDING A$25M)  ~1,200km2 Citadel JV Project just 4km from Rio Tinto’s Winu copper-gold-silver development project  Existing Mineral Resource 2.4Moz gold at 0.72 g/t, 162kt copper at 0.15% an

  34. Slide 34: GEO-01 delivers potential open pit amenable maiden resource

    A AGGRESSIVE GROWTH DRILLING PROGRAMME 1 GEO-01 delivers potential open pit amenable maiden resource opportunity GEO-01 PROSPECT  Significant near-surface high-grade gold mineralisation intersected:  24m at 1.3 g/t gold from 16m down hole in 23MYC0383, including:  4m at 6.7 g/t gold from 28m  68

  35. Slide 35: Paterson IGO Farm-In Project (100% Antipa)

    PATERSON IGO FARM-IN PROJECT (100% ANTIPA) High priority co-incident gravity and magnetic targets  Havieron 5.5Moz gold and 222kt copper1 and Minyari 1.8Moz gold 64kt copper deposits are both co-incident magnetic and gravity highs  PP-GRAV02 located 10km southwest of Minyari - Line of shallow, bro

  36. 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 INVESTOR PRESENTATION | 36

  37. Slide 37: Telfer Gold-Copper-Silver Operation

    TELFER GOLD – COPPER – SILVER OPERATION Gold production gap INDICATIVE BASE CASE GOLD PRODUCTION PROFILE  Newcrest Mining’s (NCM) group production profile  Focus on the orange area (i.e. Telfer+Havieron)1  Note NCM’s diminishing production from the Telfer hub (35km from Minyari) from FY241 onward

  38. Slide 38: Havieron Gold-Copper Deposit

    HAVIERON GOLD – COPPER DEPOSIT Mineral Resource 5.5 Moz of gold and 222,000 tonnes of copper1,2 1. The Havieron deposit is the subject of a joint venture agreement between Greatland Gold Plc and Newcrest Mining Ltd. Newcrest holds a 70% interest in Havieron earnt via total expenditure of US$65M. 2.

  39. Slide 39: Thank You

    ANTIPAMINERALS THANK YOU

Antipa Minerals — Shareholder Meeting (November 2023) on 6ix