Antipa Minerals Limited · ASX:AZY
Antipa Minerals — Diggers and Dealers 2019
36 slides from Antipa Minerals's conference presentation, August 2019
Slide 1: First Mover Advantage in a World Class Mineral Province
FIRST MOVER ADVANTAGE IN A WORLD CLASS MINERAL + PROVINCE INVESTOR PRESENTATION AUGUST 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 development and exploration projects Strategic Position in World Class Paterson Province • Antipa has 5,000km2 of under-explored precious and base metals exploration ground in a province hosting two large scale producing mines and recent world
Slide 4: 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 5: First Mover Advantage in the World Class Paterson Province
FIRST MOVER ADVANTAGE IN THE WORLD CLASS PATERSON PROVINCE 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 exploration Modern geophysical techniques can ‘see through’
Slide 6: Highly Prospective Structural Corridor
HIGHLY PROSPECTIVE STRUCTURAL CORRIDOR GREENFIELD EXPLORATION 2019 Exploration Overview • AEM and Aeromagnetic surveys completed and +35 targets currently identified • Aggressive drilling campaigns planned to systematically test targets: o Strong newsflow outlook following commencement of drilling i
Slide 7: AEM Survey Gold-Copper Targets
AEM SURVEY GOLD-COPPER TARGETS GREENFIELD EXPLORATION Overview 100km • 1,100km2 AEM survey completed over 100% Antipa Projects in 2H-2018: o 12 high priority copper-gold targets identified (28 in total) • AEM responsible for multiple discoveries over the last 10 years including Winu, Magnum, Corker,
Slide 8: AEM Survey Gold-Copper Targets
AEM SURVEY GOLD-COPPER TARGETS GREENFIELD EXPLORATION AEM Target # 28 350m and Open • AEM Target # 28 assay results deliver 350m wide copper - cobalt - zinc ± gold ± silver anomaly: • Anomaly near surface and open in all directions (single drill line only and avg. hole depth 44m) • Anomaly sits abov
Slide 9: Aeromagnetic Survey Gold-Copper Targets
AEROMAGNETIC SURVEY GOLD-COPPER TARGETS GREENFIELD EXPLORATION Overview • 260km2 Aeromagnetic survey completed late 2018 over 100% Antipa ground targeting Havieron gold-copper deposit lookalike magnetic anomalies o 4 high priority gold-copper targets identified o Multiple additional gold-copper targ
Slide 10: Established High-Grade Resources
ESTABLISHED HIGH-GRADE RESOURCES RESOURCE DEVELOPMENT Overview • Recently updated global Mineral Resource of 13.6Mt at 1.9 g/t Au, 0.24% Cu, 380 ppm Co and 0.7 g/t Ag for 827koz Au, 26kt Cu, 4kt Co and 233koz Ag (includes Minyari, WACA, Chicken Ranch and Tim’s Dome) • Deposits remain open down dip a
Slide 11: Potential for Additional Shallow (Oxide) Gold Resources
HIGHLY PROSPECTIVE BROWNFIELD TARGETS RESOURCE DEVELOPMENT Turkey Farm 1km west of Chicken Ranch with gold nuggets identified within surface laterite • Historic broad spaced (200m) drill intersections along 750m strike include: o 7m at 2.4 g/t Au from 65m; including o 3m at 5.1 g/t Au from 65m and 1
Slide 12: Chicken Ranch and Tim's Dome
CHICKEN RANCH AND TIM’S DOME RESOURCE DEVELOPMENT Chicken Ranch and Turkey Farm Plan View Chicken Ranch High-grade gold mineralisation along a 3km strike length within four or more parallel mineralised gold trends • 2018 drilling confirmed shallow high-grade resource opportunity and continued explor
Slide 13: 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 • Citadel Project 5km east of Rio Tinto’s Winu discovery • Antipa resumed operatorship of the Citadel JV in March 2019 • Rio Tinto have spent $7.6m to date and have committed a further
Slide 14: 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 incl. El Paso Corridor Heritage Surveys and Drill Mobilisation High Priority AEM and A
Slide 15: Corporate Snapshot – ASX: AZY
CORPORATE CORPORATE SNAPSHOT – ASX: AZY CAPITAL STRUCTURE 2,076m $37.4m $8.1m N/A Shares on Issue (undiluted) Market Cap at A$0.018/sh Cash1 Debt $29.3m 156m Enterprise Value Options2 1. Cash as at 30 June 2019 2. Options have an average exercise price of $0.035 and would raise $5.5m if exercised BO
Slide 16: 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 PO Box 795 Level 2, 16 Ord Street West Perth WA 6872 West Perth WA 6005 T: +61 8 9481 1103 Australia F: +61 8 9481 0117 ANTIPAMINE
Slide 17: 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 18: 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 18
Slide 19: AEM Survey Gold-Copper Targets
AEM SURVEY GOLD-COPPER TARGETS APPENDIX 100km NOTE: Plan is to test all Priority # 1 (red) & Priority # 2 (yellow) & several Priority # 3 (black) AEM Targets during Phase 1 Drilling Programme 19 ASX:AZY
Slide 20: AEM Survey Gold-Copper Targets
AEM SURVEY GOLD-COPPER TARGETS APPENDIX NOTE: Plan is to test all Priority # 1 (red) & Priority # 2 (yellow) & several 100km Priority # 3 (black) AEM Targets during Phase 1 Drilling Programme 20 ASX:AZY
Slide 21: AEM Survey Gold-Copper Targets
AEM SURVEY GOLD-COPPER TARGETS APPENDIX NOTE: Plan is to test all Priority # 1 (red) & Priority # 2 (yellow) & several Priority # 3 (black) AEM Targets during Phase 1 Drilling Programme 100km 21 ASX:AZY
Slide 22: AEM Survey Gold-Copper Targets
AEM 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: Aeromagnetic Survey Gold-Copper Targets
AEROMAGNETIC SURVEY GOLD-COPPER TARGETS APPENDIX 24 ASX:AZY
Slide 25: Minyari Dome – 2018 Exploration Results and Next Steps
MINYARI Minyari DOME Dome – 2018 – Exploration Results and Next Steps APPENDIX Established High-grade Shallow Au-Cu-Ag-Co Resource 2018 Exploration Programme • RC programme focused on identifying new mineralisation in close proximity to existing high-grade Minyari and WACA Mineral Resources • Discov
Slide 26: Minyari Dome – Established High-grade Shallow Au-Cu-Ag-Co Resource
MINYARI DOME – APPENDIX Established High-grade Shallow Au-Cu-Ag-Co Resource 26 ASX:AZY
Slide 27: Tim's Dome – Established Shallow Gold Resource
TIM’S Tim’s DomeDOME – APPENDIX Established Shallow Gold Resource Tim’s Dome • 12 km along strike of the giant Telfer gold-copper-silver mine and 35 km from Minyari-WACA • Gold ± copper mineralisation occurs from as shallow as 1m from surface • Up to 200m wide gold bearing corridor over 3km long (wi
Slide 28: Telfer – World Class High-grade Gold Deposit
TELFER – APPENDIX 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 gold1 • Telfer was discovered in 1972 and has
Slide 29: Tim's Dome – High-grade Gold Opportunity
TIM’S DOME – High-grade Gold Opportunity APPENDIX 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 cover, remain unte
Slide 30: Tim's Dome – 2019 Exploration Programme
TIM’S DOME – APPENDIX 2019 Exploration Programme 2019 Targets • Main +3km long zone of domal axis gold±copper mineralisation • Testing of IP targets in 2018 delivered limited gold and copper mineralisation, however conceptual targets for Telfer high-grade reef- style mineralisation remains valid inc
Slide 31: Calibre Deposit (Rio Tinto Farm-in)
CALIBRE DEPOSIT (Rio Tinto Farm-in) – APPENDIX Significant Au-Cu-Ag-W Resource with growth potential 31 ASX:AZY
Slide 32: Paterson Province's World Class Potential – Winu
PATERSON PROVINCE’S WORLD CLASS POTENTIAL – APPENDIX Rio Tinto’s Winu Cu-Au-Ag Discovery - Announced 2019 Rio Tinto’s Winu copper-gold-silver deposit1 has all the hallmarks of a Tier 1 Mine in the making: • Winu drill intersections include1: • 763m at 0.44% copper, 0.65 g/t gold and 2.88 g/t silver
Slide 33: Paterson Province's World Class Potential – Winu Discovery
PATERSON PROVINCE’S WORLD CLASS POTENTIAL – APPENDIX Rio Tinto’s Winu Cu-Au-Ag Discovery 33 1. Refer to Rio Tinto Limited’s website (https://www.riotinto.com/) and news releases on the Australian Stock Exchange (ASX: RIO) (www.asx.com.au) and London Stock ASX:AZY Exchange (LON: RIO) (www.londonstock
Slide 34: Competent Persons Statement – Exploration Results
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 • Report entitled “Citadel Project Exploration Update” created on 2 October 2017; projects
Slide 35: Competent Persons Statement – Mineral Resources
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 36: www.antipaminerals.com.au
WWW.ANTIPAMINERALS.COM.AU