Antipa Minerals Limited · ASX:AZY
Antipa Minerals — Diggers and Dealers Conference 2018
33 slides from Antipa Minerals's conference presentation, Aug 6, 2018
Slide 1: Realising Potential in the Paterson Province
For personal use only Realising Potential in the Paterson Province ASX Code : AZY www.antipaminerals.com.au
Slide 2: Important Notice / Disclaimer
IMPORTANT NOTICE / DISCLAIMER Nature of this document: The purpose of this document is to provide general information about Antipa Minerals Limited (the ‘Company’). Unless otherwise stated herein, the information in this document is based on the Company’s own information and estimates. In viewing th
Slide 3: Large Scale World Class Assets
Large Scale World Class Assets • Three Large Projects – Citadel, North Telfer and Paterson • +5,800 km2 tenement holding in the underexplored but For personal use only demonstrated World Class Paterson Province in Western Australia extending to within 3km of the Telfer Gold Mine 3
Slide 4: Compelling Investment Proposition
COMPELLING INVESTMENT PROPOSITION • Under-explored Tier 1 province For personal use only • Minyari Dome: 100% owned, shallow, high-grade gold, copper, cobalt resource with significant exploration upside: • Indicated and Inferred Mineral Resources of 11 Mt for: • 723,000 oz gold @ 2.0 g/t • 26,000 t
Slide 5: Corporate Snapshot August 2018
CORPORATE SNAPSHOT (ASX:AZY) 1 August 2018 Thick high grade Capital Structure Share Performance (LTM) 25 June 2018 mineralisation 300m Completion of capital south of Minyari 0.04 16 November 2017 raise and Resource, North 60 Shares on Issue (M) For personal use only (Undiluted) 1,805 WACA Maiden Res
Slide 6: World Class Mineral Province – First Mover Advantage
WORLD CLASS MINERAL PROVINCE – FIRST MOVER ADVANTAGE Before December 2017: After December 2017: • Rio before = 1,000km2 + 1,335km2 in JV • Rio after = 10,240km2 + 1,760km2 in JV • FMG before = 0 • FMG after = 4,439km2 For personal use only 270 km 155 km 6
Slide 7: 2018 Exploration Focus - Unlocking the Province's Next Mine Development Opportunity
2018 EXPLORATION FOCUS - UNLOCKING THE PROVINCE’S NEXT MINE DEVELOPMENT OPPORTUNITY Programme Details • The total programme will comprise a planned 50,000 m reverse circulation and air For personal use only core drilling campaigns, an expansive aerial electromagnetic and Induced Polarisation (IP) ge
Slide 8: 2018 Exploration Focus - Unlocking the Province's Next Mine Development Opportunity
2018 EXPLORATION FOCUS - UNLOCKING THE PROVINCE’S NEXT MINE DEVELOPMENT OPPORTUNITY For personal use only 8
Slide 9: Minyari Dome – Established High-Grade Open Pitable Resource
MINYARI DOME – ESTABLISHED HIGH-GRADE OPEN PITABLE RESOURCE • 100% owned • Minyari-WACA Resource - Exploring for extensions For personal use only • Indicated and Inferred Mineral Resources of 11Mt grading 2.0 g/t Au, 0.24% Cu, 380ppm Co and 0.7 g/t Ag for 723,000oz Au, 26,000t Cu, 4,000t Co and 233,
Slide 10: Minyari Dome – Established High-Grade Open Pitable Resource (Continued)
MINYARI DOME – ESTABLISHED HIGH-GRADE OPEN PITABLE RESOURCE (Continued) For personal use only 10
Slide 11: Tim's Dome – High-Grade Gold Opportunity
TIM’S DOME – HIGH-GRADE GOLD OPPORTUINITY • Tim’s Dome • Gold ± copper mineralisation can commence from 1m For personal use only • Up to 200m wide gold bearing corridor over 4 km long • Re-emergence of the Telfer Dome structures & mine host sequence • Potential for high-grade Telfer Reef & Vein Styl
Slide 12: Tim's Dome – High-Grade Gold Opportunity (Continued)
TIM’S DOME – HIGH-GRADE GOLD OPPORTUINITY (Continued) For personal use only Telfer to Tim’s Dome Interpreted Long Section (looking Telfer mine grid west) • Re-emergence at Tim’s Dome of the Telfer Dome structures and mine host sequence • Tim’s Dome high-grade Telfer reef and vein style gold ± copper
Slide 13: Tim's Dome – High-Grade Gold Opportunity (Continued)
TIM’S DOME – HIGH-GRADE GOLD OPPORTUINITY (Continued) West East • Drilling almost exclusively focussed For personal use only on the sub-cropping western side of Tim’s Dome • Telfer1 high-grade Reef and vein style High-Grade conceptual targets on eastern side of Target Areas Tim’s Dome, beneath shall
Slide 14: Chicken Ranch – High-Grade Gold Opportunity
CHICKEN RANCH – HIGH-GRADE GOLD OPPORTUNITY • Chicken Ranch • High-grade gold mineralisation from as shallow as 1m For personal use only • Mineralisation along a 3 km strike length within four or more parallel mineralised gold trends • Location • Just 15 km from Telfer and 25 km from Minyari-WACA •
Slide 15: Chicken Ranch – High-Grade Gold Opportunity (Continued)
CHICKEN RANCH – HIGH-GRADE GOLD OPPORTUNITY (Continued) For personal use only 50m 50m • Chicken Ranch high-grade gold ± copper mineralisation potential poorly tested: • Plunging high-grade gold shoots not recognised by previous explorers - Many shoots remain open or untested • Largely shallow drilli
Slide 16: World-Class Exploration Potential
WORLD-CLASS EXPLORATION POTENTIAL • Huge exploration upside • Underexplored and shallowly covered granted tenure in world-class For personal use only province: • 50% of Antipa’s portfolio is under 0 to 20m cover; and • 30% of Antipa’s portfolio is under 20 to 80m cover. • Thin cover preserves explor
Slide 17: Citadel Project – Rio Tinto Farm-in and Joint Venture
CITADEL PROJECT – RIO TINTO FARM-IN AND JOINT VENTURE • Rio Tinto $60m Staged Earn-In • Rio to incur $60m total exploration expenditure for up to 75% For personal use only interest • Note: Rio has the right to withdraw from the earn-in at the end of a programme year. • Calibre Deposit (gold, copper,
Slide 18: Indicative Timetable – Next Twelve Months
INDICATIVE TIMETABLE – NEXT TWELVE MONTHS For personal use only Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Antipa 100% Projects: Reverse Circulation Minyari Dome & Chicken Ranch & Tim’s Test New Chicken Ranch1 Dome1 Targets1 Drilling Programmes1 Air Core Drilling Chicken Tim’s Test New Ranch &
Slide 19: Strong Value Proposition Relative to Peers
STRONG VALUE PROPOSITION RELATIVE TO PEERS 200 Explorers AZY excl. Citadel Project Developers AZY incl. Citadel Project For personal use only 180 Excl. Glenburgh 160 Average A$ EV per resource gold ounce 140 120 EV/Resource (A$/oz) 100 Developer – Average = A$91/oz 80 60 Explorer – Average = A$45/oz
Slide 20: Key Investment Takeaways
KEY INVESTMENT TAKEAWAYS ANTIPA MINERALS For personal use only UNLOCKING THE PATERSON PROVINCE TIER ONE UNDER-EXPLORED EXPLORATION PORTFOLIO OUTSTANDING OPPORTINITY TO ADD SIGNIFICANTLY TO THE EXISTING MINYARI/WACA RESOURCE EVALUATION OF THE LARGELY UNTESTED TIM’S DOME ‘TELFER REEF STYLE’ HIGH GRADE
Slide 21: Contacts
For personal use only Contacts Executive Chairman Managing Director Mr Stephen Power Mr Roger Mason E: stephen.power@antipaminerals.com.au E: roger.mason@antipaminerals.com.au Corporate Office PO Box 795 Level 2, 16 Ord Street West Perth WA 6872 West Perth WA 6005 T: +61 8 9481 1103 F: +61 8 9481 01
Slide 22: Notes: Board = Years Combined Experience
NOTES: BOARD = 160 YEARS COMBINED EXPERIENCE For personal use only Stephen Power Roger Mason Mark Rodda Peter Buck Gary Johnson LLB BSc (Hons), MAusIMM BA, LLB MSc, MAusIMM MAusIMM, MTMS, MAICD Executive Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Director
Slide 23: Notes: Strong Value Proposition Relative to Peers
NOTES: STRONG VALUE PROPOSITION RELATIVE TO PEERS For personal use only Data collected as per Capital IQ and Company Websites on 31 May 2018 (Averages are taken excluding AZY) 1. AZY – Excluding 100% Citadel Project 2. AZY – Including 100% Citadel Project 3. GCY - Excluding Glenburgh 23
Slide 24: Notes: Preservation of World-Class Exploration Potential
NOTES: PRESERVATION OF WORLD-CLASS EXPLORATION POTENTIAL • Thin cover preserves exploration opportunity: • Eastern Paterson Province areas < 80m of cover: For personal use only • Antipa Tenements = 56% • Other Companies’ Tenements = 44% (NB: Newcrest = 14%) • Inhibited previous explorers (1970’s to
Slide 25: Notes: Unlocking the Province's Next Mine Development Opportunity
NOTES: UNLOCKING THE PROVINCE’S NEXT MINE DEVELOPMENT OPPORTUNITY North Telfer and Paterson Projects • 4,100 km2 of highly prospective 100% owned ground For personal use only • Tenements within 3 km of Newcrest’s Telfer Mine • Shallow cover to sub-cropping • Limited to no exploration for 20 to 30 ye
Slide 26: Notes: Telfer – World Class High-Grade Gold Deposit
NOTES: TELFER – WORLD CLASS HIGH-GRADE GOLD DEPOSIT • Antipa’s Projects include the same structural, host-rock and hydrothermal mineralisation settings as Telfer For personal use only • Telfer’s June 2000 Underground Mineral Resource was 3.5 Mt at 13.8 g/t gold for 1.5 Moz gold • Telfer was discover
Slide 27: Notes: Minyari, WACA, Calibre and Magnum Mineral Resource Statements
NOTES: MINYARI, WACA, CALIBRE AND MAGNUM MINERAL RESOURCE STATEMENTS North Telfer Project For personal use only *0.5 Au = Using a 0.5 g/t gold cut-off grade above the 50mRL (NB: potential “Open Cut” cut-off grade) *1.7 Au = Using a 1.7 g/t gold cut-off grade below the 50mRL (NB: potential “Undergrou
Slide 28: Notes: Minyari Deposit Near Surface High-Grade Gold Mineralisation
NOTES: MINYARI DEPOSIT NEAR SURFACE HIGH-GRADE GOLD MINERALISATION Minyari Deposit oxide mineralisation commences from 1 metre below the surface For personal use only Surface Costean sample results 8.0 tonnes at 3.57 g/t gold 8.0 tonnes at 1.50 g/t gold 20
Slide 29: Notes: WACA Deposit Long Projection
NOTES: WACA DEPOSIT LONG PROJECTION For personal use only 19
Slide 30: Notes: Citadel Project – Rio Tinto Farm-in and Joint Venture Magnum Dome Area
NOTES: CITADEL PROJECT – RIO TINTO FARM-IN AND JOINT VENTURE MANGUM DOME AREA For personal use only 21
Slide 31: Notes: Competent Persons Statement
NOTES: COMPETENT PERSONS STATEMENT Competent Persons Statement – Exploration Results The information in this report that relates to the Exploration Results is extracted from the following: Reports entitled various relating to Citadel Project and North Telfer Project created between 7 September 2011
Slide 32: Notes: Competent Persons Statement
NOTES: COMPETENT PERSONS STATEMENT Continued from previous page: • Report entitled “Minyari Dome Phase 1 Final Assay Results – Further Drilling Commencing September” created on 31 August 2017; • Report entitled “Citadel Project Exploration Update” created on 2 October 2017; • Report entitled “North
Slide 33: For personal use only
For personal use only ASX Code : AZY www.antipaminerals.com.au
Antipa Minerals — Diggers and Dealers Conference 2018 on 6ix