Antipa Minerals Limited · ASX:AZY

Antipa Minerals — Euroz Hartleys Conference (March 2022)

44 slides from Antipa Minerals's conference presentation, Mar 9, 2022

  1. Slide 1: Investor Update Presentation

    INVESTOR UPDATE PRESENTATION A commanding exploration position in a premier gold and copper district March 2022 | ASX : AZY

  2. Slide 2: Disclaimer

    DISCLAIMER Nature of this document: The purpose of this document is to provide general information about Antipa Minerals Disclaimer: No representation or warranty, express or implied, is made by the Company that the material Limited (the ‘Company’). Unless otherwise stated herein, the information in

  3. Slide 3: Antipa Minerals

    ANTIPA MINERALS A commanding exploration position in a premier gold and copper location Broome Port Hedland 2.3 FLAGSHIP Moz ANTIPA MINERALS GOLD EQUIVALENT PROJECTS ATTRIBUTABLE MINERAL Kalgoorlie A Minyari Dome (100%) B Perth RESOURCE1 1.7 Moz ATTRIBUTABLE GOLD B Citadel (35%): Rio Tinto JV 5,200

  4. Slide 4: Corporate Snapshot

    CORPORATE SNAPSHOT CAPITAL STRUCTURE | ASX:AZY SHARE REGISTER Share price1 A$ 0.045 Shares on issue1 3,140 M 9.9% 4.7% 4% Market capitalisation1 A$ 141.3 M 7% Cash2 A$ 10.3 M Debt2 Nil 74.4% EV A$ 131.0 M Newcrest IGO Options1 208.8 M Board and management Institutions and funds Other 1. At 7 March 2

  5. Slide 5: Board and Management

    BOARD AND MANAGEMENT Leadership group with a diverse background and deep industry experience 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

  6. Slide 6: Flagship Projects

    FLAGSHIP PROJECTS A MINYARI DOME B CITADEL INVESTOR PRESENTATION | 6

  7. Slide 7: A Minyari Dome

    A MINYARI DOME Growing towards a company defining resource 1 EQUIVALENT ATTRIBUTABLE Moz GOLD 100% ANTIPA OF GROUND WITHIN 144 km2 A OWNED 35KM OF TELFER AND 2017 RESOURCE1 50KM OF HAVIERON 11 MT MINERAL RESOURCE – SIGNIFICANT UPSIDE Au 723 koz at 2.0 g/t Cu 26 kt at 0.24% OUTSTANDING 2021 GOLD-COPP

  8. Slide 8: A Minyari Dome: Outstanding geology and prospectivity

    A MINYARI DOME Outstanding geology and prospectivity  Covers an area of 144km2, surrounded entirely by the Antipa-IGO Farm-in Project  Project includes the Minyari and WACA gold-copper-cobalt-silver deposits and resources:  Significant resource increase expected imminently  At Minyari and WACA m

  9. Slide 9: A Minyari Dome: Significant resource upside with development potential

    A MINYARI DOME Significant resource upside with development potential  2021 drilling materially expands the potential size of the Minyari resource with large zones of mineralisation discovered to the east, west and both up and down plunge of the existing resource1  2021 results enhance potential f

  10. Slide 10: A Minyari Dome: Significant resource upside with development potential

    A MINYARI DOME Significant resource upside with development potential INVESTOR PRESENTATION | 10

  11. Slide 11: A Minyari Dome: Significant resource upside with development potential

    A MINYARI DOME Significant resource upside with development potential  Minyari thick “pipe” like breccia mineralisation extends along 500m of strike, across a horizontal width of up to 300m, down to 670m below the surface remaining open in several directions:  Down plunge targets provide further e

  12. Slide 12: A Minyari Dome: Greenfield opportunity and forward plan

    A MINYARI DOME Greenfield opportunity and forward plan  Broader project areas has significant resource growth opportunity from resource extensional targets and prospects  Key components of 2021 greenfield programme were:  Detailed Drone Magnetic Survey  Gradient Array Induced Polarisation (GAIP)

  13. Slide 13: B Citadel (35%)

    B CITADEL (35%) Significant gold-copper-silver resource 1.2 GOLD Moz STRATEGIC JOINT VENTURE WITH EQUIVALENT RIO ATTRIBUTABLE RESOURCE1 TINTO2 B WITHIN 108 MT MINERAL RESOURCE 45 OF km Au 2.4 Moz (0.85 Moz attrib.) at 0.72 g/t RIO’S WINU Cu 162 kt (56.7 kt attrib.) at 0.15% COPPER-GOLD-SILVER PROJEC

  14. Slide 14: B Citadel: Winu satellite and standalone project potential

    B CITADEL (35%) Both Winu satellite and standalone project potential Minyari deposit Havieron deposit CITADEL WINU 35% 65% 100% 108Mt 1,300km2 GOLD RESOURCE OF PROJECT AREA 608Mt COPPER RESOURCE TIER POTENTIAL 1 AT AT FIRST ORE 0.72 g/t 25,000m DRILL 0.40% SCHEDULED FOR AND 0.15 % AND 0.30 g/t COPPE

  15. Slide 15: B Citadel: Geology and scale suggests growth and development potential

    B CITADEL (35%) Geology and scale suggests substantial growth and development potential Calibre deposit (shown right)  Inferred Mineral Resource 92Mt at 0.92 g/t gold, 0.11% copper and 0.46 g/t silver for 2.1Moz gold, 104kt copper and 1.3Moz silver  1.8km long, up to 480m thick and extends 500m do

  16. Slide 16: B Citadel: Exploration programme and forward plan

    B CITADEL (35%) Exploration programme and forward plan  Focussed on greenfield gold-copper discoveries and the ongoing evaluation of a potential development opportunity at Calibre  Key components of 2022 programme:1  11,000m RC and Diamond Core Drill Programme: • Rimfire area • Magnum North and •

  17. Slide 17: Advanced Exploration Optionality

    ADVANCED EXPLORATION OPTIONALITY C WILKI D PATERSON INVESTOR PRESENTATION | 17

  18. Slide 18: C Wilki: A compelling greenfield opportunity

    C WILKI A compelling greenfield opportunity MASSIVE ATTRACTIVE FARM-IN AGREEMENT WITH A$60M 2,200km 2 NEWCREST SPEND FOR 75% JV LAND MINING1 INTEREST C HOLDING +A$6M C WITHIN SPENT BY NEWCREST TO 3 km DATE OF THE C 2.4 MT MINERAL RESOURCE C TELFER GOLD-COPPER- SILVER MINE AND PROCESSING Au 103.5 Koz

  19. Slide 19: C Wilki: Exploration programme and forward plan

    C WILKI Exploration programme and forward plan  Greenfield exploration focus for Havieron and Telfer analogue targets primarily under shallow cover  Key components of 2022 programme:1  Awaiting final 2021 exploration results and analysis to identify further priority target areas  Drill programme

  20. Slide 20: D Paterson: Limited historic drilling, massive potential

    D PATERSON Limited historic drilling, massive potential D LARGE ATTRACTIVE FARM-IN AGREEMENT WITH A$30M 1,550km IGO 2 1 SPEND FOR 70% JV INTEREST LAND HOLDING ANTIPA FREE CARRIED TO COMPLETION OF FEASABILITY STUDY WITHIN +A4$M 22 km SPENT BY IGO TO DATE OF THE D GOLD-COPPER-SILVER TELFER INTERSECTED

  21. Slide 21: D Paterson: Exploration programme and forward plan

    D PATERSON Exploration programme and forward plan  Greenfield exploration focus for Nifty, Winu, Telfer and Havieron analogue targets under shallow cover  2021 programme two major components – Results awaited:  Air core drill programme – Regional scale with 168 holes for 11,346m covering approxim

  22. Slide 22: Future Activities and Investment Highlights

    FUTURE ACTIVITIES AND INVESTMENT HIGHLIGHTS INVESTOR PRESENTATION | 22

  23. Slide 23: Aggressive Exploration Programme

    AGGRESSIVE EXPLORATION PROGRAMME1 Strong newsflow pipeline 2022 MINYARI Q1 Q2 Q3 Q4 DOME Resource update Scoping Study ADVANCEMENT FOCUS A Minyari DD and RC Target Drilling (m TBC) + ProjDev Activities Dome RESOURCE UPDATE, SCOPING Results Analysis + STUDY AND FURTHER DRILLING Reporting + PROGRAMMES

  24. Slide 24: A World-Class Exploration Business

    A WORLD-CLASS EXPLORATION BUSINESS Investment highlights SIGNIFICANT  Existing attributable JORC resource of 2.3Moz1 of gold equivalent EXPLORATION &  Significant combined exploration programme for CY22 RESOURCE  Minyari Dome (100%) – growing towards a company-defining resource DEVELOPMENT  Clea

  25. Slide 25: Contact

    CONTACT Non-Executive Chairman Mr Stephen Power E: stephen.power@antipaminerals.com.au Managing Director Mr Roger Mason E: roger.mason@antipaminerals.com.au Corporate office Level 2, 16 Ord Street West Perth WA 6005 Australia PO Box 795 West Perth WA 6872 T: +61 8 9481 1103 E: admin@antipaminerals.c

  26. Slide 26: Appendix

    APPENDIX INVESTOR PRESENTATION | 26

  27. Slide 27: Mineral Resource: Flagship projects

    MINERAL RESOURCE Flagship projects Minyari Dome Project (100%) Deposit Au cut-off Category Tonnes (Mt) Au grade (g/t) Cu grade (%) Ag grade (g/t) Co (ppm) Au (oz) Cu (t) Ag (oz) Co (t) Minyari 0.5 Au Indicated 3.2 1.9 0.3 0.7 590 192,610 9,600 75,660 1,860 Minyari 0.5 Au Inferred 0.7 1.7 0.24 0.6 34

  28. Slide 28: Mineral Resource: Advanced exploration optionality

    MINERAL RESOURCE Advanced exploration optionality Wilki Project (100%) Deposit Au cut-off Category Tonnes (Mt) AU grade (g/t) Cu grade (%) Ag grade (g/t) Co (ppm) Au (oz) Cu (t) Ag (oz) Co (t) Chicken Ranch 0.5 Au Inferred 0.8 1.6 40,300 Tim's Dome 0.5 Au Inferred 1.8 1.1 63,200 Total Wilki Project

  29. Slide 29: Project Summary

    PROJECT SUMMARY Citadel Joint Venture – Antipa 35% : Rio Tinto 65% (Rio earnt 65% by sole funding A$25M)  ~1,300km2 Citadel JV Project just 45km from Rio Tinto’s Winu copper-gold-silver project  Existing combined Mineral Resource: 2.4Moz gold at 0.72 g/t and 162kt copper at 0.15%  Managed and ope

  30. Slide 30: Depth of Younger Cover

    DEPTH OF YOUNGER COVER ~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 | 30

  31. Slide 31: Minyari Gold-Copper-Silver-Cobalt Deposit

    MINYARI GOLD – COPPER – SILVER - COBALT DEPOSIT Minyari resource upside  Minyari thick “pipe” like breccia mineralisation extends along 500m of strike, across a horizontal width of up to 300m, down to 670m below the surface remaining open in several directions:  Down plunge targets provide further

  32. Slide 32: Minyari Gold-Copper-Silver-Cobalt Deposit

    MINYARI GOLD – COPPER – SILVER - COBALT DEPOSIT MINYARI DRILL HOLE 20MYD0194 23.0m at 4.5 g/t gold, 0.4% copper and 1.0 g/t silver from 549.0m Core Photo from 548.82m to 553.4m MINYARI DRILL HOLE MHC20001 16.0m at 2.5 g/t gold, 0.5% copper and 1.9 g/t silver from 614.0m Core Photo from 615.45 to 617

  33. Slide 33: WACA Gold-Copper-Silver ± Cobalt Deposit

    WACA GOLD – COPPER – SILVER ± COBALT DEPOSIT WACA resource upside  WACA mineralisation extends along 650m of strike, across a horizontal width of up to 100m, down to 510m below surface with a moderate northwesterly plunge similar to Minyari, and remains open in several directions:  WACA down plung

  34. Slide 34: WACA Gold-Copper-Silver ± Cobalt Deposit

    WACA GOLD – COPPER – SILVER ± COBALT DEPOSIT WACA resource upside  WACA deposit sectional view showing only drill hole intercepts post-dating the 2017 Mineral Resource (brown wireframes)1  Note the mineralisation intersected between and below the 2017 resource with the WACA deposit remaining open

  35. Slide 35: Havieron Gold-Copper Deposit

    HAVIERON GOLD - COPPER DEPOSIT 1. Havieron deposit is the subject of a farm-in and joint venture agreement with Newcrest Mining Ltd able to earn up to a 70% joint venture interest via total expenditure of US$65m (Refer to ASX and AIM releases 12 March 2019). 2. Refer Greatland Gold plc’s website (ww

  36. Slide 36: Comparison of the Minyari and Havieron Cores

    COMPARISON OF THE MINYARI AND HAVIERON CORES MINYARI AND HAVIERON MINYARI DRILL HOLE SIMILARITIES 20MYD0194 (548.82m to 553.4m)  Meta-sedimentary and felsic to mafic intrusive host rocks  Intense hydrothermal alteration  Breccia style mineralisation, including fracture and crackle breccias, throu

  37. Slide 37: Telfer Gold-Copper-Silver Deposit

    TELFER GOLD – COPPER - SILVER DEPOSIT Gold production gap  Newcrest Mining Ltd’s (NCM) 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 FY24 onwards 1 1. Sources: Graph from Newcrest pub

  38. Slide 38: Newcrest's Telfer – Discovered in 1972

    NEWCREST’S TELFER – DISCOVERED IN 1972  Antipa’s Projects include the same host-rock, structural 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 produced 16 Moz

  39. Slide 39: Paterson Farm-in Project (IGO)

    PATERSON FARM-IN PROJECT (IGO) Reaper –Poblano –Serrano  Limited, very broad spaced 2019 RC + 2020 air core drilling intersects significant gold-copper±silver mineralisation along a 1.8km trend  Mineralisation is open in all directions under shallow cover and includes:  4.0m at 8.1 g/t gold, 0.23

  40. Slide 40: Calibre Gold-Copper-Silver Resource

    CALIBRE GOLD – COPPER – SILVER RESOURCE INVESTOR PRESENTATION | 40

  41. Slide 41: Citadel Gold-Copper Greenfield Targets

    CITADEL GOLD – COPPER GREENFIELD TARGETS RIMFIRE AREA – MULTIPLE LARGE GOLD-COPPER-SILVER TARGETS  Significant gold-copper±silver mineralisation from drill holes at multiple magnetic targets across 4.5km of the Rimfire area situated:  25km from Rio Tinto’s 608 million tonne Winu copper-gold-silver

  42. Slide 42: Rio Tinto's Winu Satellite Imagery

    RIO TINTO’S WINU SATELLITE IMAGERY MINERAL RESOURCE1 Winu 100% Antipa-IGO Farm-in Tenement TO A DEPTH OF ONLY 325M BELOW THE SURFACE INCLUDING APPROXIMATELY 100M OF COVER  608Mt at 0.49% copper equivalent (CuEq) (0.2% CuEq cut-off ) at 0.3 g/t Au, 0.4% Cu and 2.26 g/t Ag for 5.9Moz gold, 2.5Mt copp

  43. Slide 43: Strategically Located

    STRATEGICALLY LOCATED 1. Rio Tinto ‘Bank of America Global Metals, Mining and Steel Conference’ presentation 18 May 2021 - Refer to Rio Tinto Limited’s website (www.riotinto.com) and news releases on the Australian Stock Exchange (ASX: RIO) (www.asx.com.au) and London Stock Exchange (LON: RIO) (www.

  44. Slide 44: World Class Paterson Province

    WORLD CLASS PATERSON PROVINCE PRE DECEMBER Pre December 2017 Post December 2017 2017 = 1,000km2 + 1,335km2 in JV =0 270 km 155 km POST DECEMBER 2017 = 10,700km2 + 2,270km2 in JV = 5,240km2 INVESTOR PRESENTATION | 44

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