Antipa Minerals Limited · ASX:AZY
Antipa Minerals — AMEC Conference 2018
33 slides from Antipa Minerals's conference presentation, Jun 13, 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: Compelling Investment Proposition
COMPELLING INVESTMENT PROPOSITION • Dominant and sought after position in World Class Paterson Province in Western Australia • 100% owned, shallow, high-grade gold, copper, cobalt resource with significant exploration upside • Near-term development potential • $60M Rio Tinto farm-in on Citadel Proje
Slide 4: Our Assets – World Class Mining District
OUR ASSETS – WORLD CLASS MINING DISTRICT 4
Slide 5: Corporate Snapshot (ASX:AZY)
CORPORATE SNAPSHOT (ASX:AZY) Capital Structure Share Price (LTM) 16 November 2017 WACA Maiden Resource 27 March 2018 0.03 723koz at 2.0 g/t Au, 26.5kt Cu, Rio Tinto Citadel 50 21 May 2018 233koz Ag, 4kt Co farm-in exploration Shares on Issue 1 1,799m programme Antipa launch Placement and 45 0.025 Ri
Slide 6: 2018 Focus - Unlocking the Province's Next Mine Development Opportunity
2018 FOCUS - UNLOCKING THE PROVINCE’S NEXT MINE DEVELOPMENT OPPORTUNITY Minyari and WACA Deposits • Extend open pittable mineralisation at Minyari and WACA deposits along strike from current resources • Evaluate Minyari Dome satellite targets Tim’s Dome and Chicken Ranch • Evaluate high-grade gold m
Slide 7: Minyari Dome – Established High-Grade Open Pitable Resource
MINYARI DOME – ESTABLISHED HIGH-GRADE OPEN PITABLE RESOURCE • 100% owned Extensional + Other Air Core Targets shown in red • 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 silver for 723,000oz Au
Slide 8: Minyari Dome – Established High-Grade Open Pitable Resource (Continued)
MINYARI DOME – ESTABLISHED HIGH-GRADE OPEN PITABLE RESOURCE (Continued) 8
Slide 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 15: 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 $60m total exploration expenditure for up to 75% interest • Note: Rio has the right to withdraw from the earn-in at the end of a programme year. • Calibre Deposit (gold, copper, silver, tungsten) • V
Slide 16: Indicative Timetable – Next Twelve Months
INDICATIVE TIMETABLE – NEXT TWELVE MONTHS Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Antipa 100% Projects: Reverse Circulation Minyari Dome1 Chicken Test New Tim’s Dome1 Drilling Programmes1 Ranch1 Targets1 Air Core Drilling Tim’s Test New Chicken Ranch1 Programmes1 Dome1 Targets1 Geophysical P
Slide 17: Strong Value Proposition Relative to Peers
STRONG VALUE PROPOSITION RELATIVE TO PEERS 200 Explorers AZY excl. Citadel Project Developers AZY incl. Citadel Project 180 Excl. Glenburgh 160 Average A$ 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 18: 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 19: 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 20: 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 21: May-June 2018 Equity Raising
NOTES: MAY-JUNE 2018 EQUITY RAISING Equity Raising Overview Rights Issue Indicative Timetable Title Description Key Event Time / Date Placement of new fully paid ordinary shares at an issue price of 1.2 cents per share (“New Shares”) to raise up to approximately $3.2 million. The Company Announces R
Slide 22: World Class Mineral Province
NOTES: WORLD CLASS MINERAL PROVINCE 22
Slide 23: 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 24: 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 25: 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 26: 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 27: WACA Deposit Long Projection
NOTES: WACA DEPOSIT LONG PROJECTION 19
Slide 28: 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 29: 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 30: Telfer – World Class High-Grade Gold Deposit
NOTES: TELFER – WORLD CLASS HIGH-GRADE GOLD DEPOSIT • Telfer – Pre-mining a 32 Moz gold and 1 Mt copper deposit (+ silver): – Discovered 1972 (outcropping) and in production for 37 of the last 41 years – High to very high-grade gold mine for its first 23 years producing 6 Moz gold between 1977 to 20
Slide 31: 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: 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