Antipa Minerals Limited · ASX:AZY

Antipa Minerals — Euroz Hartleys Gold Developers Day 2023

37 slides from Antipa Minerals's conference presentation, Mar 30, 2023

  1. Slide 1: Euroz Hartleys Gold Developers Day Presentation

    For personal use only EUROZ HARTLEYS GOLD DEVELOPERS DAY PRESENTATION Stand-alone gold development opportunity with significant growth potential at 100% owned Minyari Dome and commanding Paterson Province gold-copper exploration portfolio March 2023 | ASX : AZY

  2. Slide 2: Disclaimer

    DISCLAIMER For personal use only 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 assum

  3. Slide 3: The Antipa Minerals Portfolio

    THE ANTIPA MINERALS PORTFOLIO Advancement of our flagship Minyari Dome Project For personal use only 2.6 ATTRIBUTABLE MINERAL Moz GOLD ONLY SCOPING STUDY CONFIRMS STAND-ALONE PROJECT POTENTIAL Minyari Dome B RESOURCE A 100% Antipa 5,100km 2 COMPLEMENTARY MAJOR D OF HIGHLY PROSPECTIVE GROWTH PROJECTS

  4. Slide 4: Corporate Snapshot

    CORPORATE SNAPSHOT High quality register, strong strategic cornerstone investment For personal use only CAPITAL STRUCTURE | ASX : AZY SHARE REGISTER4 Share price1 A$ 0.018 9.9% Shares on issue1 3,593.0 M 4.1% 3.6% Market capitalisation1 A$ 64.7 M 9.6% Cash2 A$ 8.9 M 72.8% Debt Nil EV A$ 55.8 M Newcr

  5. Slide 5: Board and Management

    BOARD AND MANAGEMENT Proven value creators For personal use only Stephen Power Roger Mason Mark Rodda Peter Buck Gary Johnson Luke Watson Non-executive Chairman Managing Director Executive Director – Non-Executive Director Non-Executive Director CFO and Company Commercial and Legal Secretary  Corpo

  6. Slide 6: Minyari Dome

    MINYARI DOME A PROJECT For personal use only 100% ANTIPA Scoping Study confirms sizeable  Technically and commercially robust Stand-alone gold mining and processing operation stand-alone project potential with clear and substantial upside  Strategically significant location 35km from the Telfer mi

  7. Slide 7: Scoping Study Highlights

    SCOPING STUDY HIGHLIGHTS Stand-alone gold mining and processing facility at Minyari Dome For personal use only MINE SCHEDULE MINING PHYSICALS STANDARD CIL PLANT 21.4 Mt at 1.6 g/t gold 3 Mtpa throughput 90% gold recovery Initial open pit and underground mine For 7+ years initial processing life Simp

  8. Slide 8: Potential Upside Drivers

    POTENTIAL UPSIDE DRIVERS Three key project value levers For personal use only 1 2 3 Cu Co MINERAL MINE ADDITIONAL RESOURCE SCHEDULING PROJECT EXPANSION REVISION OPTIMISATION Maiden resource Future exploration success to Potential copper and cobalt opportunities and exciting optimise processing by-pr

  9. Slide 9: Aggressive Growth Drilling

    AGGRESSIVE GROWTH DRILLING Significantly expanded CY2023 exploration programme For personal use only  Potential to materially change the scope of the Minyari Dome development koz  Expanded programme to consist of up to 12,000m total drilling including:  6,000m of reverse circulation  5,000 of ai

  10. Slide 10: Aggressive Growth Drilling: Maiden Mineral Resource Opportunities

    AGGRESSIVE GROWTH DRILLING Maiden Mineral Resource opportunities  Minyari Down Plunge Fault Offset Target For personal use only Minyari mineralisation open down plunge interpreted fault offset to shallower depth untested +500m long target with co-incident IP chargeability anomaly koz  Minyari Nort

  11. Slide 11: Aggressive Growth Drilling: Maiden Mineral Resource Opportunities

    AGGRESSIVE GROWTH DRILLING Maiden Mineral Resource opportunities For personal use only  GEO-01 to Minyari North long section showing gold intercepts and plunging gold-copper mineralisation zones, the Minyari Fault and priority targets including the fault offset Minyari plunge target  Thick Minyari

  12. Slide 12: Tetris and Pacman Greenfield Opportunities

    AGGRESSIVE GROWTH DRILLING Tetris and Pacman greenfield opportunities For personal use only  Large scale combined ground area 733km2  Cover 350 to 450m  Tetris is a Havieron doppelgänger:  Similar scale coincident magnetic-gravity high target  Pacman gravity ± partially co-incident magnetic hig

  13. Slide 13: Development Timeline

    DEVELOPMENT TIMELINE Prioritising the advancement of our flagship Minyari Dome Project For personal use only CY2022 CY2023 MINYARI Q3 Q4 Q1 Q2 Q3 Q4 DOME Scoping Study ADVANCEMENT New target finalisation FOCUS 2022 Exploration Programme: Phases 1 & 2 2023 Exploration Programme MINERAL Targeted updat

  14. Slide 14: Emerging Significant Gold & Copper Business

    EMERGING SIGNIFICANT GOLD & COPPER BUSINESS For personal use only OUTSTANDING  Paterson region has been historically underexplored  Prospective frontier for the discovery of multi-cycle, tier-one gold-copper LOCATION deposits PROXIMAL TO THE TELFER MINE AND HAVIERON AND  In the last 7 years >18Mo

  15. Slide 15: Contact

    CONTACT Managing Director For personal use only Mr Roger Mason E: roger.mason@antipaminerals.com.au Executive Director Mr Mark Rodda E: mark.rodda@antipaminerals.com.au Media Relations Mr Michael Vaughan Fivemark Partners E: michael.vaughan@fivemark.com.au T : +61 422 602 720 Corporate Office Level

  16. Slide 16: Appendix

    For personal use only APPENDIX Scoping Study, Mineral Resource detail and other additional information INVESTOR PRESENTATION | 16

  17. Slide 17: Scoping Study Highlights: Detailed Study Outcomes

    SCOPING STUDY HIGHLIGHTS Detailed study outcomes For personal use only KEY MINYARI DOME PARAMETERS (± 35%) Ore tonnage Mt 21.4 Grade gold g/t 1.6 Contained ounces gold koz 1,090 Plant throughput Mtpa 3.0 Processing life (excluding pre-production) Years 7+ Strip ratio open pit waste:ore 5:1 LOM1 Gold

  18. Slide 18: Production Projection

    PRODUCTION PROJECTION Scoping Study at throughput rate 3 Mtpa ore For personal use only Minyari Dome Project Scoping Study potential gold and silver recovered output schedule koz AVERAGE 168 koz pa 250 GOLD Peak production Overthefirstfiveyearsofmining 205 koz of gold in 200 Year 3 AVERAGE 44 koz pa

  19. Slide 19: Project NPV Sensitivity Analysis

    PROJECT NPV SENSITIVITY ANALYSIS Scoping Study tremendous upside to bull market gold pricing For personal use only IRR NPV7% 34% A$392M (pre-tax) (pre-tax) OPEX ± 10% 213 557 UNLEVERED PAYBACK 2.5 Gold price ± 10% 228 557 years (pre-tax) Recovery ± 2% (Abs) 356 429 NET CASH FLOW Discount rate ± 15%

  20. Slide 20: Mining Methods

    MINING METHODS Scoping Study contractor mining at three open pits and Minyari deposit underground For personal use only  Minyari deposit accounts for 96% of total gold mining Minyari Dome Project conceptual configuration production  Standard truck and shovel mining at three open pits  Underground

  21. Slide 21: Further Potential Upside: Mineral Resource Extension Opportunities

    FURTHER POTENTIAL UPSIDE Mineral Resource Extension Opportunities For personal use only  Minyari Down Plunge koz Mineralisation down plunge – Interpreted fault offset to shallower depth untested  Minyari Keel Zone Minyari fold nose region - Only partially tested along a significant plunge extent 

  22. Slide 22: Further Potential Upside: Additional Project Optimisation

    FURTHER POTENTIAL UPSIDE Additional Project Optimisation For personal use only POTENTIAL TO UNDERTAKE MORE Cu Co DETAILED EVALUATION OF POLYMETALLIC DEVELOPMENT OPPORTUNITIES PRE-FEASIBILITY STUDY METALLURGICAL TEST-WORK  Minyari Dome May 2022 Mineral Resource Estimate also contains OBJECTIVE TO IM

  23. Slide 23: Mining Schedule

    MINING SCHEDULE Scoping Study ore tonnage by Mineral Resource category and mining source For personal use only  21.4 Mt of open pit and underground ore Minyari Dome Project Mined Ore Projection by mining method (kt)  Average LOM grade of 1.6 g/t for 1.1 Moz gold 8,000 6,000  13.5 Mt ore from open

  24. Slide 24: Process Flowsheet and Production Rate

    PROCESS FLOWSHEET AND PRODUCTION RATE Scoping Study 3 Mtpa Carbon-In-Leach facility currently considered optimal For personal use only  Gravity and Carbon-In-Leach facility (CIL) for a gold-silver Block flow diagram of CIL flowsheet case producing doré gold  Processing facility was evaluated at th

  25. Slide 25: Capital Cost Estimate Summary

    CAPITAL COST ESTIMATE SUMMARY Scoping Study upfront capital requirement of A$275M For personal use only CAPITAL COST ESTIMATE (A$M ± 35%) MAXIMISES Processing Plant (3 Mtpa CIL) 77.1 GOLD OUNCES Contingency 7.7 duringthefirstfouryearsof production Infrastructure - Process 33.0 EPCM 13.5 PREFERENTIAL

  26. Slide 26: Operating Cost Estimate Summary

    OPERATING COST ESTIMATE SUMMARY Scoping Study contractor mining at 3 Mtpa throughput For personal use only  Operating costs estimated for mining, processing OPERATING COST ESTIMATE (A$/T ORE ± 35%) and administration Mining – open pit (13.5 Mt of ore) 25.3  Consultants Snowden Optiro independently

  27. Slide 27: Complementary Major Growth Projects

    For personal use only COMPLEMENTARY MAJOR GROWTH PROJECTS B CITADEL JV (32%1 Antipa and 68%1 Rio Tinto) C WILKI FARM-IN (100% Antipa - Newcrest Mining Ltd farming in) D PATERSON FARM-IN (100% Antipa - IGO Ltd farming in) 1. Antipa elected to utilise the dilute-down provisions in the Citadel JV agree

  28. Slide 28: JV and Farm-In Project Summary

    JV AND FARM-IN PROJECT SUMMARY Citadel Joint Venture – Antipa 32% 1 : Rio Tinto 68% 1 (Rio earnt 65% by sole funding A$25M)  ~1,200km2 Citadel JV Project just 4km from Rio Tinto’s Winu copper-gold-silver development project For personal use only  Existing Mineral Resource 2.4Moz gold at 0.72 g/t,

  29. Slide 29: Citadel JV Project (32%)

    B CITADEL JV PROJECT (32%1) Significant gold-copper-silver resource For personal use only STRATEGIC 1,200km2 JOINT VENTURE OF PROJECT AREA WITH RIO 8,500M DRILL PROGRAMME TINTO2 FOR 20221 B 108 MT MINERAL RESOURCE WITHIN 45 OF km Au 2.4 Moz (800 koz attrib.) at 0.72 g/t Cu 162 kt (52.8 kt attrib.) a

  30. Slide 30: Wilki Farm-In Project

    C WILKI FARM-IN PROJECT A compelling greenfield opportunity For personal use only LARGE ATTRACTIVE FARM-IN AGREEMENT WITH A$60M 1,470km 2 NEWCREST SPEND FOR 75% JV LAND MINING1 INTEREST HOLDING C +A$6M WITHIN SPENT BY NEWCREST TO 3 km DATE OF THE 2.4 MT MINERAL RESOURCE TELFER GOLD-COPPER- SILVER MI

  31. Slide 31: Paterson Farm-In Project

    D PATERSON FARM-IN PROJECT Compelling new targets, massive potential For personal use only LARGE ATTRACTIVE FARM-IN AGREEMENT WITH A$30M 1,550km IGO 2 1 SPEND FOR 70% JV INTEREST LAND HOLDING ANTIPA FREE CARRIED TO COMPLETION OF FEASABILITY STUDY WITHIN +A$4M 22 km SPENT BY IGO TO DATE OF THE GOLD-C

  32. Slide 32: Shallow Depth of Younger Cover

    SHALLOW DEPTH OF YOUNGER COVER FIRST MOVER EXPLORATION AND DEVELOPMENT ADVANTAGE For personal use only ~50% OF ANTIPA TENEMENTS ARE UNDER LESS THAN 20 metres OF COVER ~80% OF ANTIPA TENEMENTS ARE UNDER LESS THAN 80 metres OF COVER INVESTOR PRESENTATION | 32

  33. Slide 33: Citadel JV Project: Geology and Scale

    CITADEL JV PROJECT (32%1 ANTIPA) Geology and scale suggests substantial growth and development potential For personal use only 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 silver  1.7km lon

  34. Slide 34: Havieron Gold-Copper Deposit

    HAVIERON GOLD - COPPER DEPOSIT Mineral Resource 5.5 Moz of Gold and 222,000 tonnes of Copper2 For personal use only 1. The Havieron deposit is the subject of a joint venture agreement between Greatland Gold Plc and Newcrest Mining Ltd. Newcrest holds a 70% interest in Havieron earnt via total expend

  35. Slide 35: Telfer Gold-Copper-Silver Operation

    TELFER GOLD – COPPER - SILVER OPERATION  Newcrest Mining Ltd’s (NCM) INDICATIVE BASE CASE GOLD PRODUCTION PROFILE For personal use only group production profile - Focus just on the orange area (i.e. Telfer+Havieron)1  Note NCM’s diminishing production from the Telfer hub (35km from Minyari) from F

  36. Slide 36: Mineral Resource: Minyari Dome

    MINERAL RESOURCE Minyari Dome For personal use only Minyari Dome Project (100%)1 Deposit Au 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 Au Indicated 15.00 1.17 0.19 0.54 0.04 567,000 27,800 259,600 5,930 Minyari 0.5 Au Infe

  37. Slide 37: Mineral Resource: Advanced Exploration Optionality

    MINERAL RESOURCE Advanced exploration optionality Citadel Project (Antipa 32%1 and Rio Tinto 68%1 JV) For personal use only Deposit Au cut-off Category Tonnes (Mt) Au equiv. (g/t) Au grade (g/t) Cu grade (%) Ag grade (g/t) Au equiv. (Moz) Au (Moz) Cu (t) Ag (Moz) Calibre 0.5 Au Inferred 92 0.92 0.72

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