Antipa Minerals Limited · ASX:AZY
Antipa Minerals — Investor Presentation (April 2018)
32 slides from Antipa Minerals's investor presentation, Apr 11, 2018
Slide 1: Realising Potential in the Paterson Province
Realising Potential in the Paterson Province Corporate Presentation I April 2018
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 • Shallow, high-grade gold resource with significant exploration upside • Near term development potential • 2018 drilling program to commence imminently • Large scale, significantly underexplored tenure that is underpinned by 2.36Moz resource • 723koz at 2.0 g/t Au,
Slide 4: Our Assets – World Class Mining District
OUR ASSETS – WORLD CLASS MINING DISTRICT 4
Slide 5: 2018 Objectives
2018 OBJECTIVES 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 mineralisation opportunities within trucking distance of
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT (ASX:AZY) Share Price (LTM) Capital Structure 29 January 2018 Final 2017 air core drilling $0.030 results from 12,571m Minyari 27 March 2018 50 Shares on Issue 1,173 Dome drill programme Rio Tinto Citadel 45 Million $0.025 farm-in exploration programme 40 Market Cap $20.0 Share Pr
Slide 7: Board with over 160 years' combined experience
BOARD WITH OVER 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 30+ year
Slide 8: Unlocking the Province's Next Mine Development Opportunity
UNLOCKING THE PROVINCE’S NEXT MINE DEVELOPMENT OPPORTUNITY North Telfer and Paterson Projects • 4,700 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 mine d
Slide 9: 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 10: Minyari Dome – Established High-Grade Open Pitable Resource (Continued)
MINYARI DOME – ESTABLISHED HIGH-GRADE OPEN PITABLE RESOURCE (Continued) 10
Slide 11: Tim's Dome – High-Grade Gold Opportunity
TIM’S DOME – HIGH-GRADE GOLD OPPORTUINITY • Tim’s Dome • Gold ± copper mineralisation commences from as shallow as 1m • Up to 200m wide gold vein bearing corridor over 4 km in strike length • Re-emergence of the Telfer Dome structures and mine host sequence • Potential for high-grade Telfer Reef and
Slide 12: Tim's Dome – High-Grade Gold Opportunity
TIM’S DOME – HIGH-GRADE GOLD OPPORTUINITY 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 potential poorly t
Slide 13: 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 14: Chicken Ranch – High-Grade Gold Opportunity
CHICKEN RANCH – HIGH-GRADE GOLD OPPORTUNITY • Chicken Ranch • High-grade gold mineralisation commences from as shallow as 1m • Mineralisation along a 3 km strike length within four or more parallel mineralised gold trends • Steeply plunging high-grade shoots identified • Location • Just 15 km from t
Slide 15: 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: • Steeply plunging high-grade gold shoots not recognised by previous explorers - Many shoots remain open or untested • Largely shallow drilling – Primary m
Slide 16: 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 (ref
Slide 17: Preservation of World-Class Exploration Potential
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 technolog
Slide 18: 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 19: Strong Value Proposition Relative to Peers
STRONG VALUE PROPOSITION RELATIVE TO PEERS 160 Developers – Average = $85/oz Excl. Citadel Project Excl. Glenburgh Explorer Combined Average 140 Developer 120 Explorer – Average = $51/oz 100 EV/Resource (A$/oz) 80 $67/oz 60 40 $9.59/oz 20 AZY 0 1 2 DCN GOR EXU EAR WAF GCY KIN CMM CDV KAI VAN MRP ABU
Slide 20: Unlocking the Paterson Province
UNLOCKING THE PATERSON PROVINCE • LARGE SCALE WORLD-CLASS ASSETS • EXPERIENCED BOARD AND MANAGEMENT • REALISTIC OBJECTIVE TO BECOME A NEAR TERM PRODUCER • CONFIDENT IN CONTINUING OUR EXCEPTIONAL DISCOVERY TRACK RECORD 20
Slide 21: 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
Slide 22: Minyari, WACA and Calibre Mineral Resource Statements
MINYARI, WACA and CALIBRE 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) Citadel Project (R
Slide 23: North Telfer Project – Minyari Deposit Plan
NORTH TELFER PROJECT – MINYARI DEPOSIT PLAN 23
Slide 24: Minyari Deposit – Near Surface High-Grade Gold Mineralisation
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 24
Slide 25: North Telfer Project – WACA Deposit Long Projection
NORTH TELFER PROJECT – WACA DEPOSIT LONG PROJECTION 25
Slide 26: North Telfer Project – WACA Deposit Plan
NORTH TELFER PROJECT – WACA DEPOSIT PLAN 700 metres 26
Slide 27: North Telfer Project – WACA Deposit Cross Sections
NORTH TELFER PROJECT – WACA DEPOSIT CROSS SECTIONS 27
Slide 28: Citadel Project – Rio Tinto Farm-In and Joint Venture (Magnum Dome Area)
CITADEL PROJECT – RIO TINTO FARM-IN AND JOINT VENTURE (MAGNUM DOME AREA) 28
Slide 29: Telfer – A World Class High-Grade Gold Deposit
TELFER – A 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 2000 –
Slide 30: Notes 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 a
Slide 31: Notes 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 T
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