Antipa Minerals Limited · ASX:AZY

Antipa Minerals — Diggers & Dealers 2024

38 slides from Antipa Minerals's conference presentation, August 2024

  1. Slide 1: A Premier Mineral Exploration and Development Company

    A PREMIER MINERAL EXPLORATION AND DEVELOPMENT COMPANY PROVINCE-SCALE, WORLD-CLASS GOLD AND COPPER ASSETS IN WESTERN AUSTRALIA Diggers & Dealers ASX: AZY | August 2024

  2. 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

  3. 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.

  4. Slide 4: Corporate Snapshot

    CORPORATE SNAPSHOT CAPITAL STRUCTURE | ASX : AZY SHARE REGISTER4&5 Share price1 A$ 0.012 7.6% 4.3% Newmont 3.2% Shares on issue1 4,710 M 3.0% Lion Selection Group IGO Market capitalisation1 A$ 56.5 M 18.4% Board and Management 63.5% Institutions and Funds Cash2 A$ 7.7 M Other Debt Nil RESEARCH COVER

  5. Slide 5: 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 Chairperson Director Commercial and Legal Director Director Secretary  Corporate Lawyer  Geologist  Lawyer and Corp

  6. Slide 6: The Antipa Minerals Portfolio

    THE ANTIPA MINERALS PORTFOLIO High impact exploration for large-scale discovery potential 2.6 SCOPING STUDY C CONFIRMS STAND-ALONE Moz PROJECT POTENTIAL Minyari Dome A ATTRIBUTABLE GOLD MINERAL RESOURCE1 100% Antipa 5,100 B km2 COMPLEMENTARY MAJOR GROWTH PROJECTS A OF HIGHLY PROSPECTIVE GOLD AND COP

  7. Slide 7: Shallow Depth of Younger Cover

    SHALLOW DEPTH OF YOUNGER COVER First mover exploration and development advantage APPROXIMATELY 50% of Antipa tenements are under less than 20 metres of cover APPROXIMATELY 80% of Antipa tenements are under less than 80 metres of cover INVESTOR PRESENTATION | 7

  8. Slide 8: 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.

  9. Slide 9: Existing Stand-Alone Project Potential

    A EXISTING STAND-ALONE PROJECT POTENTIAL Attractive Foundation with Sizeable Upside 1.1 Moz 2022 MINING INVENTORY AT 1.6 g/t GOLD (Plus 390koz Silver)1 POTENTIAL UPSIDE DRIVERS Increased Mining Inventory Increased metal price revenue drivers Improved metallurgical performance Third party processing

  10. Slide 10: Sustained A$ Spot Gold Price Strength

    A SUSTAINED A$ SPOT GOLD PRICE STRENGTH Minyari Dome Project economics and size of exploration prize to strongly benefit $3,750 A$3,700 GOLD AUGUST 2022 SCOPING STUDY NPV7% $3,500 52% A$392M Pre-taxat A$2,430/ozgold2 0 200 400 $3,250 SensitivityAnalysis 600 800 1000 1200 OPEX ± 10% 213 557 increase

  11. Slide 11: A Pipeline of High-Impact Development Focussed Activities

    A PIPELINE OF HIGH-IMPACT DEVELOPMENT FOCUSSED ACTIVITIES CY2024 exploration outline at 100% owned Minyari Dome Project1 Targeting resource growth, discoveries and advancing the development opportunity  Phase 1 Programme 15,242m drilling completed in June:  Multiple 30 to 100 gram-metre gold inter

  12. Slide 12: Multiple CY2024 Drilling Programmes

    A MULTIPLE CY2024 DRILLING PROGRAMMES Multiple gold-copper targets across Minyari Dome LONG SECTION Legend:  Minyari: Thick breccia & vein mineralisation starts at surface and delivers 3,000oz per vertical metre  GEO-01: 2023 and 2024 drilling intersected thick high-grade near surface gold ± coppe

  13. Slide 13: GEO-01 Discovery

    A GEO-01 DISCOVERY Open pit amenable maiden gold resource opportunity  Significant near-surface high-grade gold mineralisation intersected:  35m at 3.0 g/t gold from 20m down hole in 24MYC0610, including:  16m at 5.6 g/t gold from 33m  50m at 2.3 g/t gold from 72m down hole in 23MYC0383, includi

  14. Slide 14: GEO-01 Discovery

    A GEO-01 DISCOVERY Open pit amenable maiden gold resource opportunity  GEO-01 deposit plan view showing drill intersections and interpreted mineralisation envelopes  GEO-01 prospect gold ± copper mineralisation footprint increased to 700m by 500m  Main zone of ENE trending thick high-grade gold m

  15. Slide 15: 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

  16. Slide 16: JV and Farm-In Portfolio Exploration

    JV AND FARM-IN PORTFOLIO EXPLORATION CY2024 exploration 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 greenfield

  17. Slide 17: New Parklands Target

    D NEW PARKLANDS TARGET A very large-scale surface geochemical gold anomaly CURRENT TARGETS  Parklands surface geochemical gold anomaly:  Very large 3km long by up to 1.5km wide  Extensive Parklands-Chicken Ranch NW-SE trend  Broader NP40 NW-SE trend connecting Havieron, GEO-01 and Minyari CY2024

  18. Slide 18: 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

  19. Slide 19: AL01 Very Large-Scale Air Core Gold Target

    B AL01 VERY LARGE-SCALE AIR CORE GOLD TARGET 5km long air core gold and pathfinder anomaly just 17km from Minyari  AL01 located 17km north of Minyari  2023 air core drilling extended AL01 anomaly to a 5km long target  Meta-sediment hosted gold and pathfinder anomaly:  Extensive mineral system pa

  20. Slide 20: 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

  21. Slide 21: Citadel JV Project 2.4Moz Gold Resource

    C CITADEL JV PROJECT 2.4MOZ GOLD RESOURCE 32% ANTIPA Geology and scale suggests substantial growth and development potential CALIBRE DEPOSIT (SHOWN RIGHT)  Inferred Mineral Resource 92Mt at 0.72 g/t gold, 0.11% copper and 0.46 g/t silver for 2.1Moz gold, 104kt copper and 1.3Moz silver1  1.7km long

  22. Slide 22: Near-Term Catalysts

    NEAR-TERM CATALYSTS Drilling across multiple projects, maiden resource and upcoming studies1 A A A MINYARI DOME MINYARI DOME MINYARI DOME Phase 2 CY2024 Phase 1 CY2024 GEO-01 maiden drilling to drilling MRE1 commence (14 April to 3 June) A A MINYARI DOME MINYARI DOME D B C Scoping Study Pre-Feasibil

  23. Slide 23: 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

  24. Slide 24: 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 8 years approximately 2

  25. Slide 25: JV and Farm-In Project Overview

    JV AND FARM-IN PROJECT OVERVIEW

  26. Slide 26: 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 BY 8 JANUARY 2027 WITH A$9M SPENT BY IGO TO DATE. ANTIPA IS

  27. Slide 27: 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 C DEVELOPMENT PROJECT 108 MT MINERAL RESOURCE Au 2.4 Moz (0.8 Moz attributable) at 0.72 g/t Cu

  28. Slide 28: 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$10M SPENT BY NEWCREST/NEWMONT TO DATE 2.4 MT MINERAL

  29. Slide 29: JV and Farm-In Project Overview

    JV AND FARM-IN PROJECT OVERVIEW B PATERSON PROJECT: A$30M IGO FARM-IN FOR UP TO 70% INTEREST (AZY 100%, IGO 0%)  ~1,550km2 Antipa / IGO Farm-in Project (agreed 9 July 2020) comes within 23km of Telfer and 8km of Rio’s Winu copper-gold- silver development project  Initial A$4M minimum exploration p

  30. Slide 30: Appendix

    ANTIPAMINERALS x (=) a Ww a. a. <x

  31. Slide 31: Mineral Resource: Minyari Dome Project

    MINERAL RESOURCE Minyari Dome Project Minyari Dome Project (Antipa 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 Infer

  32. Slide 32: Mineral Resource: Citadel JV and Wilki Farm-in

    MINERAL RESOURCE Citadel JV Project and Wilki Farm-in Project 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 0.1

  33. Slide 33: Mineral Resource Estimate: Gold Equivalent Calculations

    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

  34. Slide 34: T12 Phase 1 CY2024 Drilling Programme

    A T12 Phase 1 CY2024 drilling programme  T12 is located 10km northwest of the Minyari deposit  Very broad spaced CY2023 T12 air core drilling intersected gold mineralisation across a large area > 1km along strike by up to 400m across strike  Multiple, shallow, 4m air core intersections were retur

  35. Slide 35: Pacman Targets

    A PACMAN TARGETS High impact greenfield exploration AEROMAGNETICS GRAVITY  Nifty copper deposit and Havieron analogue targets 30km east of Minyari:  PM1 and PM3 are both magnetic high ± partially co-incident gravity high Havieron lookalikes  PM2 is a gravity high and partially co- incident magnet

  36. Slide 36: New Parklands Target

    D NEW PARKLANDS TARGET A very large-scale surface geochemical gold anomaly  Located just 10km northeast of Newmont’s Telfer gold-copper-silver 22Mtpa processing facility  Coherent gold and mineral system pathfinder surface geochemical anomaly:  Very large 3km long by up to 1.5km wide  Peak surfa

  37. Slide 37: 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

  38. Slide 38: Thank You

    ANTIPAMINERALS THANK YOU

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