Antipa Minerals Limited · ASX:AZY
Antipa Minerals — RIU Explorers Conference 2024
32 slides from Antipa Minerals's conference presentation, Feb 13, 2024
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 RIU Explorers Conference ASX: AZY | February 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: 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 5: Capital Structure
CAPITAL STRUCTURE CAPITAL STRUCTURE | ASX : AZY SHARE REGISTER4 Share price1 A$ 0.012 8.6% 3.6% Shares on issue1 4,134.8 M 3.4% Market capitalisation1 A$ 49.6 M 18.1% Cash2 A$ 6.2 M 66.3% Debt Nil EV A$ 43.4 M Newmont IGO Board and management Institutions and funds Options3 574.9 M Other 1. At 12 Fe
Slide 6: 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 7: Sustained A$ Spot Gold Price Strength
SUSTAINED A$ SPOT GOLD PRICE STRENGTH Minyari Dome Project economics and size of exploration prize to strongly benefit $3,250 AUGUST 2022 SCOPING STUDY NPV7% $3,000 30% A$392M Pre-taxat A$2,430/ozgold2 $2,750 Increase in A$ gold price from Scoping Study price A$ GOLD PRICE TO RE-TEST assumption RECE
Slide 8: 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 9: A Full Pipeline of High-Impact Drilling
A FULL PIPELINE OF HIGH-IMPACT DRILLING H1 CY2024 exploration outline at 100% owned Minyari Dome Project Results pending from Phase 2 CY2023 programme to partially inform the next round of exploration drilling A Phase 1 CY2024 programme currently set to comprise 6,000m of reverse circulation and
Slide 10: JV and Farm-In Portfolio Exploration
JV AND FARM-IN PORTFOLIO EXPLORATION H1 CY2024 exploration outline 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
Slide 11: Near-Term Catalysts
NEAR-TERM CATALYSTS Multiple upcoming milestones for value uplift A A MINYARI DOME MINYARI DOME Phase 1 CY2024 MRE update drilling scheduled to including GEO-011 commence1 D B C WILKI PATERSON Phase 1 CY2024 CITADEL Assay results from exploration CY2024 exploration Phase 2 CY2023 programme expected
Slide 12: High-Priority Targets
HIGH-PRIORITY TARGETS INVESTOR PRESENTATION | 12
Slide 13: 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 14: Pacman and Tetris Targets
A PACMAN AND TETRIS TARGETS Pacman greenfield exploration and Tetris follow up PACMAN TARGETS Nifty copper deposit and Havieron analogue targets 30km east of Minyari: PM2 is a gravity high ± partially co-incident magnetic high Nifty lookalike PM1 and PM3 are both magnetic high ± partially co-i
Slide 15: New Parklands Target
D NEW PARKLANDS TARGET A very large-scale surface geochemical gold anomaly CURRENT TARGETS Parklands surface geochemical gold anomaly Broader Parklands-Chicken Ranch NW-SE trend Broader NP40 NW-SE trend connecting Havieron and GEO-01 CY2024 PROGRAMME STRUCTURE1 Final programme contingent on
Slide 16: 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 17: 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 18: 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 19: 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 20: Project Overview
PROJECT OVERVIEW INVESTOR PRESENTATION20 |
Slide 21: Minyari Dome Project
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
Slide 22: 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
Slide 23: Citadel JV Project (32% Antipa)
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 24: 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
Slide 25: Appendix
ANTIPAMINERALS x (=) a Ww a. a. <x
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
Slide 27: 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 28: 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 29: 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 30: JV and Farm-In Project Summary
JV AND FARM-IN PROJECT SUMMARY CITADEL JOINT VENTURE – ANTIPA 32%1 : RIO TINTO 68%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
Slide 31: 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 32: Thank You
ANTIPAMINERALS THANK YOU