Antipa Minerals Limited · ASX:AZY
Antipa Minerals — Diggers and Dealers 2018
33 slides from Antipa Minerals's conference presentation, Aug 6, 2018
Slide 1: Realising Potential in the Paterson Province
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 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 • 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 copper @ 0.24% • 4,000
Slide 5: Corporate Snapshot
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) 1,805 WACA Maiden Resource commencement of Telfer (Undi
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 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 core drilling campaigns, an expansive aerial electromagnetic and Induced Polarisation (IP) geophysical survey, and
Slide 8: 2018 Exploration Focus – Unlocking the Province's Next Mine Development Opportunity
2018 EXPLORATION FOCUS ‐ UNLOCKING THE PROVINCE’S NEXT MINE DEVELOPMENT OPPORTUNITY 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 • 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 233,000oz Ag • 2017 air co
Slide 10: Minyari Dome – Established High-Grade Open Pitable Resource (Continued)
MINYARI DOME – ESTABLISHED HIGH‐GRADE OPEN PITABLE RESOURCE (Continued) 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 • 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 Style mineralisation • Mul
Slide 12: Tim's Dome – High-Grade Gold Opportunity (Continued)
TIM’S DOME – HIGH‐GRADE GOLD OPPORTUINITY (Continued) 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 mineralisation potent
Slide 13: Tim's Dome – High-Grade Gold Opportunity (Continued)
TIM’S DOME – HIGH‐GRADE GOLD OPPORTUINITY (Continued) West East • Drilling almost exclusively focussed 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 shallow sand Telfer to Tim’
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 • 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 • Tenement recently gran
Slide 15: Chicken Ranch – High-Grade Gold Opportunity (Continued)
CHICKEN RANCH – HIGH‐GRADE GOLD OPPORTUNITY (Continued) 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 drilling – Primary mineralis
Slide 16: World-Class Exploration Potential
WORLD‐CLASS EXPLORATION POTENTIAL • Huge exploration upside • Underexplored and shallowly covered granted tenure in world‐class 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 exploration opportunity • 20
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 $60m total exploration expenditure for up to 75% interest • Note: Rio has the right to withdraw from the earn‐in at the end of a programme year. • Calibre Deposit (gold, copper, silver, tungsten) • V
Slide 18: Indicative Timetable – Next Twelve Months
INDICATIVE TIMETABLE – NEXT TWELVE MONTHS Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Antipa 100% Projects: Reverse Circulation Minyari Dome & Chicken Ranch & Tim’s Test New Chicken Ranch1 Dome1 Targets1 Drilling Programmes1 Air Core Drilling Chicken Tim’s Test New Ranch & Programmes1 Dome1 Targ
Slide 19: Strong Value Proposition Relative to Peers
STRONG VALUE PROPOSITION RELATIVE TO PEERS 200 Explorers AZY excl. Citadel Project Developers AZY incl. Citadel Project 180 Excl. Glenburgh 160 Average A$ EV per resource gold ounce 140 120 EV/Resource (A$/oz) 100 Developer – Average = A$91/oz 80 60 Explorer – Average = A$45/oz 40 20 18 5 0 3 2 DCN
Slide 20: Key Investment Takeaways
KEY INVESTMENT TAKEAWAYS ANTIPA MINERALS 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 TARGETS EL PASO CORRI
Slide 21: Contacts
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 0117 ASX Code : AZY www.
Slide 22: Notes: Board = 160 Years Combined Experience
NOTES: BOARD = 160 YEARS COMBINED EXPERIENCE 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 Lawyer with 31+ years’
Slide 23: Notes: Strong Value Proposition Relative to Peers
NOTES: STRONG VALUE PROPOSITION RELATIVE TO PEERS 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: • Antipa Tenements = 56% • Other Companies’ Tenements = 44% (NB: Newcrest = 14%) • Inhibited previous explorers (1970’s to mid‐1990’s) • Major te
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 • Tenements within 3 km of Newcrest’s Telfer Mine • Shallow cover to sub‐cropping • Limited to no exploration for 20 to 30 years • Minyari and WACA
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 • Telfer’s June 2000 Underground Mineral Resource was 3.5 Mt at 13.8 g/t gold for 1.5 Moz gold • Telfer was discovered in 1972 and has pro
Slide 27: Notes: Minyari, WACA, Calibre and Magnum Mineral Resource Statements
NOTES: MINYARI, WACA, CALIBRE AND MAGNUM MINERAL RESOURCE STATEMENTS North Telfer Project *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 “Underground” cut‐off grade) Cit
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 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 19
Slide 30: Notes: Citadel Project – Rio Tinto Farm-In and Joint Venture Mangum Dome Area
NOTES: CITADEL PROJECT – RIO TINTO FARM‐IN AND JOINT VENTURE MANGUM DOME AREA 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: ASX Code : AZY www.antipaminerals.com.au
ASX Code : AZY www.antipaminerals.com.au