Antipa Minerals Limited · ASX:AZY
Antipa Minerals — Precious Metals Summit (Zurich) 2019
32 slides from Antipa Minerals's conference presentation, November 2019
Slide 1: First Mover Advantage in a World Class Mineral Province
FIRST MOVER ADVANTAGE IN A WORLD CLASS MINERAL + PROVINCE INVESTOR PRESENTATION NOVEMBER 2019 ASX:AZY
Slide 2: Important Notice / Disclaimer
IMPORTANT NOTICE / DISCLAIMER Nature of this document: The purpose of this document is to provide general information about Antipa Disclaimer: No representation or warranty, express or implied, is made by the Company that the material Minerals Limited (the ‘Company’). Unless otherwise stated herein,
Slide 3: Compelling Investment Opportunity
COMPELLING INVESTMENT OPPORTUNITY Advancing world class exploration and development projects Strategic Position in World Class Paterson Province • 5,000km2 of under-explored precious and base metals exploration ground in a province hosting two large scale producing mines and recent world class disco
Slide 4: Corporate Snapshot – Capital Structure
CORPORATE CORPORATE SNAPSHOT – ASX: AZY CAPITAL STRUCTURE 2,076m $31.1m $6.7m N/A Shares on Issue (undiluted) Market Cap at $0.015/sh Cash1 Debt $24.4m Enterprise Value 122m Options2 Note: All dollar figures in AUD 1. Cash as at 30 September 2019 2. Options have an average exercise price of $0.036 a
Slide 5: First Mover Advantage in the World Class Paterson Province
FIRST MOVER ADVANTAGE IN THE WORLD CLASS PATERSON PROVINCE Host to world class mineral deposits • Proven precious and base metals province hosting two large scale producing mines: o Telfer = 32Moz gold, 1Mt copper pre-mining o Nifty = 2Mt copper pre-mining o Both deposits were outcropping and discov
Slide 6: First Mover Advantage in the World Class Paterson Province
FIRST MOVER ADVANTAGE IN THE WORLD CLASS PATERSON PROVINCE - Depth of younger cover above Paterson Province basement c.50% of Antipa tenements are under less than 20m cover c.80% of Antipa tenements are under less than 80m cover Host to world class mineral deposits Shallow cover and lack of prior ex
Slide 7: Highly Prospective Structural Corridor
HIGHLY PROSPECTIVE STRUCTURAL CORRIDOR GREENFIELD EXPLORATION Geological Overview • Antipa’s 100% ground hosts a significant strike extent of the highly prospective El Paso Corridor • Multiple prospects and targets: o Minyari-WACA resources and several other significant deposits including Rio Tinto’
Slide 8: Current Exploration Programme
CURRENT EXPLORATION PROGRAMME GREENFIELD EXPLORATION Overview • Aiming to deliver large-scale discoveries based on Telfer, Winu, Havieron and Nifty analogues • 1,100km2 AEM survey completed over 100% Antipa Projects in 2018 identifying 28 targets • 260km2 Aeromagnetic survey completed over 100% Anti
Slide 9: 2019 Gold-Copper Discoveries - Reaper-Poblano-Serrano Copper-Gold Trend
2019 GOLD-COPPER DISCOVERIES GREENFIELD EXPLORATION - Reaper-Poblano-Serrano Copper-Gold Trend Overview • Limited RC drilling intersects significant gold-copper mineralisation at AEM target Reaper and magnetic targets Serrano and Poblano along a 1.8km trend, including: o 4.0m at 8.1 g/t gold, 0.23%
Slide 10: Established Resource Base
ESTABLISHED RESOURCE BASE RESOURCE DEVELOPMENT Overview • Global Mineral Resource of 827koz at 1.9 g/t gold, 26kt at 0.24% copper, 4kt at 380ppm cobalt and 233koz at 0.7 g/t silver • Deposits remain open down dip and along strike • Previous drilling near existing high-grade Minyari-WACA resources re
Slide 11: Rio Tinto Citadel Farm-In
RIO TINTO CITADEL FARM-IN RIO TINTO CITADEL FARM-IN Overview • Rio Tinto can earn up to 75% by spending up to $60m Calibre Deposit (Gold, Copper, Silver, Tungsten) • 1,300km2 Citadel Project 5km east of Rio Tinto’s Winu discovery • Inferred Mineral Resource 47.7Mt at 0.85 g/t Au, 0.15% Cu and 0.48 g
Slide 12: Calibre Deposit (Rio Tinto Farm-In)
CALIBRE DEPOSIT (RIO TINTO FARM-IN) RIO TINTO CITADEL FARM-IN Significant Au-Cu-Ag-W Resource with growth potential Calibre Gold, Copper, Silver, Tungsten Deposit • Discovered by Antipa under 80m of cover • 1.6km long, up to 480m thick, extends 500m down dip - Remains open in all directions • Locate
Slide 13: 2019 Exploration Programme
EXPLORATION TIMELINE AGGRESSIVE GREENFIELDS AND BROWNFIELDS 2019 EXPLORATION PROGRAMME MAR 2019 QUARTER JUN 2019 QUARTER SEP 2019 QUARTER DEC QUARTER 2019 Greenfields Exploration – Air Core and RC Drill Testing of High Priority AEM and Aeromagnetic Targets incl. El Paso Corridor Heritage Surveys and
Slide 14: Contact
CONTACT Executive Chairman Managing Director Mr Stephen Power Mr Roger Mason E: stephen.power@antipaminerals.com.au E: roger.mason@antipaminerals.com.au Corporate Office Level 2, 16 Ord Street PO Box 795 West Perth WA 6005 West Perth WA 6872 Australia T: +61 8 9481 1103 F: +61 8 9481 0117 www.antipa
Slide 15: Mineral Resource Summary
MINERAL RESOURCE SUMMARY APPENDIX North Telfer Project and Paterson Project Deposit and Gold Cut-off Resource Tonnes Gold Grade Copper Grade Silver Grade Cobalt Gold Copper Silver Cobalt Grade* Category (Mt) (g/t) (%) (g/t) (ppm) (oz) (t) (oz) (t) Chicken Ranch Area 0.5 Au Inferred 0.8 1.6 - - - 40,
Slide 16: First Mover Advantage in the World Class Paterson Province
FIRST MOVER ADVANTAGE IN THE WORLD CLASS APPENDIX PATERSON PROVINCE Before December 2017: After December 2017: = 1,000km2 + 1,335km2 in JV = 11,036km2 + 1,760km2 in JVs =0 = 5,310km2 270 km 155 km 16
Slide 17: AEM and Aeromagnetics – Discovery Tools
AEM and AEROMAGNETICS – DISCOVERY TOOLS APPENDIX - Searching for Gold-Copper Sulphide Deposits Under Cover Corker Telfer Havieron Nifty Calibre and Magnum Ag-Pb-Zn-Cu-Au Au-Cu-Ag Deposit Au-Cu Deposit Cu Deposit Au-Cu-Ag-W Deposits Deposit Max. Grades of 772 275m at 4.8 g/t Au 2 Mt Cu g/t Ag, 1.85%
Slide 18: 2019 Gold-Copper Discoveries - Reaper-Poblano-Serrano Copper-Gold Trend
2019 GOLD-COPPER DISCOVERIES APPENDIX - Reaper-Poblano-Serrano Copper-Gold Trend OPEN Reaper Havieron Gold-Copper deposit Mineralisation schematic plan view map3 showing drill results over magnetics at same scale as adjacent Reaper- Poblano-Serrano map Poblano OPEN Mineralisation Serrano Mineralisat
Slide 19: 2019 Gold-Copper Discoveries - Reaper-Poblano-Serrano Copper-Gold Trend
2019 GOLD-COPPER DISCOVERIES APPENDIX - Reaper-Poblano-Serrano Copper-Gold Trend 19 ASX:AZY
Slide 20: 2019 Gold-Copper Discoveries - AEM Target Grey
2019 GOLD-COPPER DISCOVERIES APPENDIX - AEM Target Grey Overview • AEM target Grey drilling identifies 350m wide copper ± gold ± silver anomaly, including: o 1.0m at 0.66% copper and 1.53 g/t silver (19EPC0003 from 66m down hole) • Mineralisation open in all directions (single drill line only) • Min
Slide 21: Ongoing Greenfield Drilling Programme
ONGOING GREENFIELD DRILLING PROGRAMME APPENDIX Overview • Phase 2 RC drilling programme ongoing • Includes drill testing of a number of Havieron gold- copper deposit lookalike magnetic anomalies • Havieron is a sediment hosted high-grade gold-copper sulphide breccia deposit, with intersections inclu
Slide 22: Aeromagnetic Survey Gold-Copper Targets
AEROMAGNETIC SURVEY GOLD-COPPER TARGETS APPENDIX 22 ASX:AZY
Slide 23: Aeromagnetic Survey Gold-Copper Targets
AEROMAGNETIC SURVEY GOLD-COPPER TARGETS APPENDIX 23 ASX:AZY
Slide 24: Minyari Dome
MINYARI DOME – APPENDIX Established High-grade Shallow Au-Cu-Ag-Co Resource 24 ASX:AZY
Slide 25: Calibre Deposit (Rio Tinto Farm-In)
CALIBRE DEPOSIT (RIO TINTO FARM-IN) APPENDIX RIO TINTO CITADEL FARM-IN Significant Au-Cu-Ag-W Resource with growth potential 25 ASX:AZY
Slide 26: Paterson Province's World Class Potential – Telfer
PATERSON PROVINCE’S WORLD CLASS POTENTIAL – APPENDIX Newcrest’s Telfer High-grade Gold Deposit • Antipa’s Projects include the same structural, host-rock and hydrothermal mineralisation settings as Telfer • Telfer’s June 2000 Underground Mineral Resource was 3.5 Mt at 13.8 g/t gold for 1.5 Moz gold5
Slide 27: Greatland Gold's Havieron Cu-Au Discovery
PATERSON PROVINCE’S WORLD CLASS POTENTIAL – APPENDIX Greatland Gold’s Havieron Cu-Au Discovery - Announced 2018 4 Winu cross-section (above) source Rio Tinto Limited’s ASX and LON release 27 February 2019 2. Havieron deposit is the subject of a farm-in and joint venture agreement with Newcrest Minin
Slide 28: Rio Tinto's Winu Cu-Au-Ag Discovery
PATERSON PROVINCE’S WORLD CLASS POTENTIAL – APPENDIX Rio Tinto’s Winu Cu-Au-Ag Discovery - Announced 2019 Rio Tinto’s Winu copper-gold-silver deposit4 has all the hallmarks of a Tier 1 Mine in the making: • Winu drill intersections include4: • 763m at 0.44% copper, 0.65 g/t gold and 2.88 g/t silver
Slide 29: Rio Tinto's Winu Discovery – Satellite Imagery
PATERSON PROVINCE’S WORLD CLASS POTENTIAL – APPENDIX Rio Tinto’s Winu Cu-Au-Ag Discovery – Satellite Imagery Rio Tinto’s Winu Copper-Gold-Silver Deposit = 60m at 1.22 g/t Au and 1.03% Cu (WIDI0007 from 60m down hole)4; and 763m at 0.65 g/t Au and 0.44% Cu (WINU0006 from 68m down hole)4 100% Antipa T
Slide 30: JORC Competent Persons Statement
JORC COMPETENT PERSONS STATEMENT – APPENDIX Exploration Results The information in this report that relates to the Exploration Results is extracted from the following reports relating to Antipa’s Paterson Province projects • Report entitled “Citadel Project Exploration Update” created on 2 October 2
Slide 31: Competent Persons Statement
COMPETENT PERSONS STATEMENT – APPENDIX Mineral Resources Competent Persons Statement – Mineral Resource Estimations for the Minyari-WACA Deposits, Calibre Deposit, Magnum Deposit and Chicken Ranch Area Deposits and Tim’s Dome Deposit The information in this report that relates to relates to the esti
Slide 32: www.antipaminerals.com.au
www.antipaminerals.com.au
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