Antipa Minerals Limited · ASX:AZY

Antipa Minerals — Beaver Creek Precious Metals Summit 2026

56 slides from Antipa Minerals's conference presentation, September 2026

  1. Slide 1: Dominant 100% Owned Paterson Province Landholding

    WITH A DOMINANT 100% OWNED PATERSON PROVINCE LANDHOLDING FEATURING THE STAND-ALONE MINYARI DOME GOLD-COPPER DEVELOPMENT PROJECT ASX: AZY | September 2026

  2. Slide 2: Disclaimer

    DISCLAIMER Refer to Antipa Minerals ASX release 24 October 2024 “Minyari Scoping Study Update Confirms Development Potential”, for full 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

  3. Slide 3: Acknowledgement of Traditional Custodians

    ANTIPA MINERALS ACKNOWLEDGES THE TRADITIONAL CUSTODIANS OF COUNTRY THROUGHOUT AUSTRALIA AND THEIR CONNECTIONS TO LAND, SEA AND COMMUNITY WE PAY OUR RESPECTS TO THEIR ELDERS PAST AND PRESENT, EXTENDING THAT RESPECT TO ALL ABORIGINAL AND TORRES STRAIT ISLANDER PEOPLES TODAY INVESTOR PRESENTATION | 3

  4. Slide 4: Massive 4,500 km2 Package

    MASSIVE 2.9 MOZ GOLD A$1.8B GOLD 4,500 KM2 MINERAL DEVELOPMENT PACKAGE RESOURCE OPPORTUNITY Tier One Province Scale Large growth potential 2024 Scoping Study Proximal to the Telfer mine Plus NPV7% A$1.8B and Havieron and Winu 91,000 t of copper, and post-tax at development projects 880 koz of silver

  5. Slide 5: Shallow Young Cover Across a Large 4,500km2 Portfolio

    SHALLOW YOUNG COVER ACROSS A LARGE 4,500km2 PORTFOLIO1 APPROXIMATELY 40% OF ANTIPA TENEMENTS ARE UNDER LESS THAN 20 METRES OF COVER APPROXIMATELY 75% OF ANTIPA TENEMENTS ARE UNDER LESS THAN 80 METRES OF COVER 1. Telfer, Havieron and O’Callaghans refer to Greatland Resources Ltd ASX release dated 30

  6. Slide 6: Current Resource 2.9 Moz Gold

    TOTAL RESOURCE GROWTH OVER TIME DECEMBER 2025 2,700 koz Au 3,336 koz AuEq Gold-only Resource AuEq Resource MAY 2025 2,520 koz Au 3,083 koz AuEq SEPTEMBER 2024 2,424 koz Au 3,040 koz AuEq CURRENT RESOURCE MAY 2022 1,853 koz Au 2,298 koz AuEq 2.9 MOZ GOLD NOVEMBER 2017 MAY 2019 3.6 MOZ GOLD EQUIV. 827

  7. Slide 7: Stand-alone Minyari Dome Resource Base

    STAND-ALONE MINYARI DOME GOLD-COPPER DEVELOPMENT PROJECT RESOURCE BASE GOLD-ONLY CONTAINED RESOURCE (Moz GOLD) RESOURCE GRADE (g/t GOLD) 7.0 A GROWING, NEAR Youanmi 5.6 6.2 SURFACE MINERAL Dalgaranga 5.1 RESOURCE BASE Ravensthorpe 3.3 Havieron 2.6 IN COMBINATION WITH Kal East 2.0 COMPELLING GOLD GRA

  8. Slide 8: CY2025 Results and CY2026 Targets

     CY2025 results delivered both extensional success across multiple zones and multiple new discoveries  CY2026 targeting expansion of the existing near- surface Minyari Dome Mineral Resource to further enhance the development opportunity  Focus on extending the resources down dip and/or along stri

  9. Slide 9: Stand-alone Minyari Dome Gold-Copper Development Project

    STAND-ALONE MINYARI DOME GOLD-COPPER DEVELOPMENT PROJECT

  10. Slide 10: Stand-alone Minyari Dome Gold Development Project

    STAND-ALONE MINYARI DOME GOLD DEVELOPMENT PROJECT A$1.8 B 110% 130 KOZ EXCEPTIONAL DEVELOPMENT NPV7% IRR Annual Production POTENTIAL CONFIRMED1 Post-tax at Post-tax at 1.3Moz Au for the first 10 COPPER UPSIDE A$ 5,000 / oz gold A$ 5,000 / oz gold years 2.9 MOZ 2.2 MOZ 1.3 MOZ 3 MTPA A$306 M Gold out

  11. Slide 11: Minyari Dome Development Free Cash Flow

    MINYARI DOME DEVELOPMENT FREE CASH FLOW PROJECTED ANNUAL FREE CASH FLOWS AT VARIOUS GOLD PRICE FORECASTS (POST-TAX, A$M)1 Year 139 1 250 362 151 2 226 270 170 3 228 318 110 4 191 271 132 5 230 328 126 6 222 318 7 117 210 LOM FREE CASH FLOW (POST-TAX) 304 127 Gold price (per oz) LoM FCF (million) 8 2

  12. Slide 12: Advancing Minyari Dome Toward FID

    ADVANCING THE STAND-ALONE MINYARI DOME GOLD-COPPER DEVELOPMENT PROJECT TOWARD FID  Highly experienced Study, Geology and Environment team PFS  Completion of multiple 2025 drilling programmes supported PFS Mineral Resource Estimate, sterilisation drilling, geotechnical design  Leading industry con

  13. Slide 13: Development Schedule CY26-CY30

    CY26 CY27 CY28 CY29 CY30 Technical Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Deliverables1 Pre-Feasibility Study     Definitive Feasibility Study        FID (incl. Supporting Works) FEED/Long Lead Items    Construction/ Commissioning         Key Approval Q1 Q2 Q3 Q4 Q1

  14. Slide 14: Growth and New Discovery Drilling

    GROWTH AND NEW DISCOVERY DRILLING

  15. Slide 15: Phase 1 Drilling Programme

    Phase 1 Drilling Programme focused on testing priority resource growth and greenfield targets and existing prospects proximate to Minyari Dome nearing completion – Plan 41,000m of RC, diamond core and air core drilling – Completed 314 drill holes for 37,225m 1 New shallow high-grade lode discovered

  16. Slide 16: Tim's Dome High-Grade Gold±Copper Reef Targets

    TIM’S DOME HIGH-GRADE GOLD±COPPER REEF TARGETS LARGE-SCALE HIGH-GRADE GOLD ± COPPER TARGET1  Tim’s Dome 110koz gold resource with growth and discovery potential located just 11km from Telfer  Northwest strike continuation of Telfer host rocks and Telfer domal fold structure  Shallow cover between

  17. Slide 17: Tim's Dome Firmed-up as Priority Telfer-Style Reef Target

    TIM’S DOME HIGH-GRADE GOLD±COPPER REEF TARGETS TIM’S DOME FIRMED-UP AS A PRIORITY TELFER-STYLE REEF TARGET1  Thick gold-copper-lead-silver mineralisation intersected in the multiple Phase 1 CY2026 RC holes drilled to date over approximately 1,000m of strike and remains open  Maximum 1m RC grades r

  18. Slide 18: Tim's Dome SW-NE Cross Section

    TIM’S DOME HIGH-GRADE GOLD±COPPER REEF TARGETS TIM’S DOME FIRMED-UP AS A PRIORITY TELFER-STYLE REEF TARGET – SW-NE CROSS SECTION LOCAL 28,315 NORTH AEM Conductivity Target INVESTOR PRESENTATION | 18

  19. Slide 19: Minyari Deposit Area: AL01 Target

    MINYARI DEPOSIT AREA: AL01 TARGET A VERY LARGE-SCALE AIR CORE GOLD TARGET1  Located 17km north of Minyari  Multiple large AL01 gold-copper anomalies, with a combined strike of 4km – Anomalies remain open in most directions  Meta-sediment and dolerite hosted gold and pathfinder anomaly: Extensive

  20. Slide 20: Minyari Dome Resource Area

    MINYARI DOME RESOURCE AREA MINYARI DOME LONG SECTION LOOKING WEST SIGNIFICANT DEPOSITS WITH MULTIPLE RESOURCE EXTENSION TARGETS INVESTOR PRESENTATION | 20

  21. Slide 21: Multiple Resource Extension Targets

    MULTIPLE RESOURCE EXTENSION TARGETS IDENTIFIED AT MINYARI DOME AND THE BROADER SATELLITE DEPOSITS TIM’S DOME – 25KM TO MINYARI CHICKEN RANCH – 30KM TO MINYARI ZOOMED OUT MINYARI AND GEO-01 VIEW INVESTOR PRESENTATION | 21

  22. Slide 22: Minyari Deposit Area: Minyari

    300 metres MINYARI DEPOSIT AREA: MINYARI MRE: 1.9 MOZ GOLD, 69 KT COPPER, 579 KOZ SILVER AND 11 KT COBALT  Outstanding high-grade gold + copper-silver-cobalt mineralisation:  154 metres at 2.1 g/t gold and 0.1% copper from 9m in 16MYC0045  142 metres at 1.9 g/t gold and 0.2% copper from 294m in 2

  23. Slide 23: GEO-01 Deposit Area: Key Target Areas

    GEO-01 DEPOSIT AREA: KEY TARGET AREAS FEATURING DEPOSITS AT THE GEO-01 MAIN ZONE, CENTRAL, MINELLA, FIAMA, RIZZO, AND SURROUNDS  Large 1km by 800m gold-copper footprint  Gold ± copper mineralisation remains open in several directions and at multiple deposits  CY2025 drilling in this area returned

  24. Slide 24: GEO-01 Deposit Area: Fiama

    GEO-01 DEPOSIT AREA: FIAMA CURRENT MRE OF 130 KOZ OF GOLD WITH MA JOR UPSIDE1 Bonanza gold drill intersections up to 520 gram-metres in extremely high- grade zones. Mineralisation remains open in multiple directions, with significant intercepts including:  33m at 15.8 g/t gold and 0.28% copper from

  25. Slide 25: GEO-01 Deposit Area: Fiama North Discovery

    GEO-1 DEPOSIT AREA: FIAMA NORTH DISCOVERY MAIDEN RESOURCE OPPORTUNITY IDENTIFIED IN PFS DRILLING1  Recent new gold ± copper discovery, located just 65m north of Fiama  Mineralisation exists beneath shallow cover of less than 5m  Mineralisation remains open in multiple directions, with significant

  26. Slide 26: GEO-01 Deposit Area: New Rizzo-Fiama Extension

    GEO-01 DEPOSIT AREA: NEW RIZZO-FIAMA EXTENSION NEW GOLD ± COPPER DISCOVERY SOUTH OF RIZZO AND FIAMA1  Located 1.7km south of Minyari  Opens a large 1km metre by 700m target area hosting three ore horizons under less than 5m of cover  To date, limited, broad spaced CY2025 drilling has been complet

  27. Slide 27: GEO-01 Deposit Area: Minella

    GEO-01 DEPOSIT AREA: MINELLA CURRENT MRE: 29 KOZ OF GOLD WITH GROWTH EXPECTED1 CY2025 drilling extended gold-copper mineralisation from 100 to 240 vertical metres below the surface and 130m along strike to the west Significant near-surface gold mineralisation:  67m at 1.1 g/t gold and 0.33% copper

  28. Slide 28: GEO-01 Deposit Area: Main Zone

    GEO-01 DEPOSIT AREA: MAIN ZONE MRE: 120 KOZ OF GOLD – GROWTH EXPECTED1  Multiple significant zones of high-grade gold mineralisation under 3 to 6m of sand cover:  35m at 3.0 g/t gold from 20m in 24MYC0610, including:  16m at 5.6 g/t gold from 33m  50m at 2.3 g/t gold from 72m in 23MYC0383, inclu

  29. Slide 29: Mollie Large-Scale Base Metal and Gold Target

    MOLLIE LARGE-SCALE BASE METAL AND GOLD TARGET NEW VERY LARGE-SCALE BASE METAL (INCLUDING TUNGSTEN + COPPER ) AND GOLD SKARN TARGET1  Mollie base ± tungsten and precious metal skarn target located 30km from Telfer  Shallow cover between 3 to 60m  Large-scale strong co-incident magnetic- gravity hi

  30. Slide 30: New Yolanda Copper Anomaly

    NEW YOLANDA COPPER ANOMALY A VERY LARGE-SCALE COPPER TARGET1  New copper anomaly just 1km west of WACA  Aerial electromagnetic conductivity anomaly  Copper±gold±zinc±arsenic air core and RC anomaly  Shallow cover between 4 to 10m  Air core and RC drill defined 2.1km long by 600m wide copper ano

  31. Slide 31: Telfer Area: Jezabeel and Parklands

    TELFER AREA: JEZABEEL AND PARKLANDS TWO VERY-LARGE GREENFIELD SURFACE GEOCHEMICAL GOLD ANOMALIES LESS THAN 10KM FROM TELFER1 Jezabeel: Surface geochemical and RAB / air core gold anomaly  Located just 4km northeast of Greatland Resources’ Telfer 22 Mtpa plant  Very large 3km long by up to 1.3km wi

  32. Slide 32: Reaper-Poblano-Serrano (RPS) Target

    REAPER-POBLANO-SERRANO (RPS) TARGET MRE: 230 KOZ OF GOLD – GROWTH EXPECTED1  Located 35km north of Minyari, with mineralisation under shallow cover (10 to 23m)  Drilling has defined a 2km long by up to 250-metre-wide corridor hosting significant gold-copper-silver-tungsten mineralisation including

  33. Slide 33: Playing a Major Role in the Region's Resurgence

    PLAYING A MA JOR ROLE IN THE REGIONS RESURGENCE OUTSTANDING GOLD MINING MULTIPLE GROWTH EXCELLENT FINANCIAL LOCATION TARGETS FOUNDATION TIER-ONE GROUND PACKAGE PROXIMAL EXPLORATION PRESENTING SIZEABLE ROBUST CASH POSITION FUNDING TO THE TELFER MINE AND HAVIERON POTENTIAL FOR FURTHER RESOURCE RESOURC

  34. Slide 34: Corporate

    CORPORATE

  35. Slide 35: Excellent Financial Foundation and Clean Capital Structure

    EXCELLENT FINANCIAL FOUNDATION AND CLEAN CAPITAL STRUCTURE CAPITAL STRUCTURE | ASX: AZY SHARE REGISTER AND RESEARCH COVERAGE4 Share price1 A$0.59 17.3% Chester Asset Management Greatland Resources Shares on issue1 669M Jupiter Asset Management 40.0% 6.5% Lion Selection Group Market capitalisation1 A

  36. Slide 36: Highly Experienced and Motivated Executive Team

    HIGHLY EXPERIENCED AND MOTIVATED EXECUTIVE TEAM Mark Rodda Roger Mason Neil Warburton Peter Buck Gary Johnson Stephen Power Luke Watson Executive Managing Non-Executive Non-Executive Non-Executive Non-Executive CFO and Company Chairperson Director and CEO Director Director Director Director Secretar

  37. Slide 37: Committed to Social and Environmental Responsibility

    COMMITTED TO SOCIAL AND ENVIRONMENTAL RESPONSIBILITY LOCAL COMMUNITY REGIONAL ECONOMIC CULTURAL HERITAGE SOCIALLY INCLUSIVE PARTNERSHIPS DEVELOPMENT PROTECTION WORKPLACE ENGAGING LOCAL EXPLORATION COLLABORATING COMMITTED TO PEOPLE AND INVESTMENT FOR WITH TRADITIONAL WORKPLACE DIVERSITY BUSINESSES FO

  38. Slide 38: Appendix

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

  39. Slide 39: Tim's Dome High-Grade Gold±Copper Reef Targets

    TIM’S DOME HIGH-GRADE GOLD±COPPER REEF TARGETS LARGE-SCALE HIGH-GRADE GOLD ± COPPER TARGET – TIM’S DOME IS TELFER HOST ROCKS AND DOMAL FOLD AXIS INVESTOR PRESENTATION | 39

  40. Slide 40: Tim's Dome Conceptual Structural Model Cross-Section

    TIM’S DOME HIGH-GRADE GOLD±COPPER REEF TARGETS LARGE-SCALE HIGH-GRADE GOLD ± COPPER TARGET - CONCEPTUAL STRUCTURAL MODEL CROSS-SECTION INVESTOR PRESENTATION | 40

  41. Slide 41: Tim's Dome SW-NE Cross Section

    TIM’S DOME HIGH-GRADE GOLD±COPPER REEF TARGETS TIM’S DOME FIRMED-UP AS A PRIORITY TELFER-STYLE REEF TARGET – SW-NE CROSS SECTION LOCAL 28,315 NORTH AEM Conductivity Target INVESTOR PRESENTATION | 41

  42. Slide 42: Minyari Project Mineral Resource Estimate

    MINYARI PROJECT MINERAL RESOURCE ESTIMATE 1. Rounding of numbers may cause apparent discrepancies in totals. 2. For full details of the Minyari Project Mineral Resources Estimate, please refer to ASX announcement dated 2 April 2026, “Minyari Project Resource Grows to 3.6 Moz Gold Equivalent”. 3. The

  43. Slide 43: Competent Persons Statements

    MINYARI PROJECT MINERAL RESOURCE ESTIMATE COMPETENT PERSONS STATEMENTS Competent Persons Statement – Exploration Results The information in this document that relates to Exploration Results is based on and fairly represents information and supporting documentation compiled by Mr Roger Mason, a Compe

  44. Slide 44: Competent Persons Statement

    COMPETENT PERSONS STATEMENT COMPETENT PERSONS STATEMENT EXPLORATION RESULTS Various information in this report which relates to Exploration Results have been extracted from the following announcements lodged on the ASX, where further details, including JORC Code reporting tables, can also be found:

  45. Slide 45: Top Australian Gold Projects: Reference Information

    TOP AUSTRALIAN GOLD PROJECTS TOP AUSTRALIAN GOLD PROJECTS: REFERENCE INFORMATION Project Company Contained Au Resource Grade Measured Resources Indicated Resources Inferred Resources Stage Study Level Source (Moz) (g/t Au) (Mt) (Mt) (Mt) (completed) Havieron3 Greatland Resources 7.0 2.6 0.0 50.0 81.

  46. Slide 46: Scoping Study Detail

    STAND-ALONE MINYARI DOME GOLD-COPPER DEVELOPMENT PROJECT SCOPING STUDY DETAIL

  47. Slide 47: Project Summary: Base Case Highlights

    PROJECT SUMMARY: BASE CASE HIGHLIGHTS1 MINE SCHEDULE MINING PHYSICALS STANDARD CIL PLANT 30.2 Mt at 1.5 g/t Au 3 Mtpa throughput 90% gold recovery Initial open pit and underground mine For 10+ years initial processing life Simple non-refractory metallurgy INITIAL GOLD OUTPUT FORECAST AISC CAPITAL CO

  48. Slide 48: Project Summary: Base Case Sensitivity Analysis

    PROJECT SUMMARY: BASE CASE SENSITIVITY ANALYSIS NPV SENSITIVITY ANALYSIS (PRE-TAX, A$3,000/oz AU)1 PROJECT PROVIDES TREMENDOUS GOLD PRICE UPSIDE1 NPV7% UoM Base Mid-2025 Feb-2026 A$834M Gold price assumption A$/oz 3,000 4,0002 5,000 NPV7% (pre-tax) A$M 834 1,696 2,557 Gold Price ± 30% 59 1610 IRR (p

  49. Slide 49: Project Summary: Optimal Processing Case

    PROJECT SUMMARY: OPTIMAL PROCESSING CASE MINYARI DOME STAND ALONE DEVELOPMENT OPPORTUNITY1 OPTIMAL CASE  Two standard processing facility options 13.5 M tonnes evaluated: Au open pit ore  a gravity and CIL plant for a Gold- OPEN PIT GOLD Focused case producing doré gold; and ORE OUTPUT  a flotati

  50. Slide 50: Project Summary: Base Case

    PROJECT SUMMARY: BASE CASE PROJECT PARAMETERS: BASE CASE (± 35%)1 KEY POTENTIAL UPSIDE DRIVERS Tonnes Mt 30.2  Mine schedule and operating life extension to be enabled by: Gold grade g/t 1.5 Contained ounces of gold Moz 1.5  Mineral Resource extensions at multiple deposits Plant throughput Mtpa 3.

  51. Slide 51: Project Summary: Cost Analysis

    PROJECT SUMMARY: COST ANALYSIS CAPITAL COST ESTIMATE (DEVELOPMENT+ SUSTAINING)1 OPERATING COST ESTIMATE1 Area A$M Area A$ Processing Plant (3 Mtpa CIL) 96.2 Mining – Open pit 26.50/t ore Contingency 9.6 Mining – Underground 80.00/t ore Infrastructure - Process 36.0 Infrastructure - Process 20.58/t o

  52. Slide 52: Project Summary: Mining Approach

    PROJECT SUMMARY: MINING APPROACH CONCEPTUAL CONFIGURATION – OPEN PIT and UNDERGROUND MINE DESIGN1 View bearing -16° to 098° Mining Method / Approach:  Contractor mining  Five open pits and one underground mine  Minyari deposit accounts for 95% of the gold production  Economic gold cut-off grades

  53. Slide 53: Project Summary: Production Profile

    PROJECT SUMMARY: PRODUCTION PROFILE PRODUCTION PROFILE PROJECTION1 PRODUCTION DETAIL1 Recovered gold (koz)  1.32 Moz total gold produced:  forecast annual output of up to 145 142 139 144 136 145,000 ounces of gold in Year 5 134 120  average of 130,000 ounces of gold 115 114 116 per annum over the

  54. Slide 54: Project Summary: Mining Schedule

    PROJECT SUMMARY: MINING SCHEDULE MINING SCHEDULE: BY RESOURCE CLASSIFICATION1 MINING SCHEDULE: OPEN PIT AND UNDERGROUND1 1. Minyari Dome Project Scoping Study Update dated 24 October 2024 completed to ±35% level of accuracy. INVESTOR PRESENTATION | 54

  55. Slide 55: Project Summary: Configuration and Processing

    PROJECT SUMMARY: CONFIGURATION AND PROCESSING CONCEPTUAL CONFIGURATION1 PROJECT PROCESSING SCHEDULE1 500 m 3,500 3.50 Mill feed (kt) Gold grade (g/t) 3,000 3.00 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 Mining Method / Approach: 2,500 2.50  Contractor mining  Five open pits and one 2,2

  56. Slide 56: Antipa Minerals

    ANTIPAMINERALS IAANKR YOU

Antipa Minerals — Beaver Creek Precious Metals Summit 2026 on 6ix