Slide 1: Scoping Study Presentation
SCOPING STUDY PRESENTATION Stand-alone gold mining and processing at the 100% owned Minyari Dome Gold Project August 2022 | ASX : AZY
Slide 2: Disclaimer
DISCLAIMER 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 assumptions and technical p
Slide 3: The Antipa Minerals Portfolio
THE ANTIPA MINERALS PORTFOLIO Rapid advancement of our flagship Minyari Dome Project 2.7 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 A GOLD AND COPP
Slide 4: Minyari Dome Project 100% Antipa
MINYARI DOME PROJECT 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 mine and processing facili
Slide 5: Initial Minyari Dome Project Development Opportunity
INITIAL MINYARI DOME PROJECT DEVELOPMENT 13.5 tonnes 3 MTPA CIL PROCESSING PLANT 7.9 tonnes of OPPORTUNITY open pit ore underground ore Scoping Study details and confirms the technical and financial robustness of an initial Minyari Dome stand-alone Average 90% gold recovery operation mining 21.4 Mt
Slide 6: Scoping Study Highlights
SCOPING STUDY HIGHLIGHTS Stand-alone gold mining and processing facility at Minyari Dome 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 Simple non-refractory meta
Slide 7: Scoping Study Highlights: Detailed study outcomes
SCOPING STUDY HIGHLIGHTS Detailed study outcomes 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 UNLOCKING FULL HUGE LEVERAGE TO
Slide 8: Scoping Study Highlights: Prioritising project advancement
SCOPING STUDY HIGHLIGHTS Prioritising project advancement 2022 CY23 MINYARI Q3 Q4 Q1 Q2 Q3 Q4 DOME Scoping Study RAPID ADVANCEMENT New target finalisation FOCUS 2022 Exploration Programme: Phase 1 2022 Exploration Programme: Phase 2 STUDIES + Targeted updated Mineral Resource Estimate MINERAL RESOUR
Slide 9: Potential Upside Drivers
POTENTIAL UPSIDE DRIVERS Unlocking the full value at the Minyari Dome Project
Slide 10: Potential Upside Drivers: Three key project value levers
POTENTIAL UPSIDE DRIVERS Three key project value levers 1 2 3 Cu Co MINERAL MINE ADDITIONAL RESOURCE SCHEDULING PROJECT EXPANSION REVISION OPTIMISATION Minyari ± WACA extensional Future exploration success to Potential copper and cobalt plunge resource targets optimise processing by-product outputs
Slide 11: Potential Upside Drivers: Mineral Resource Extension Opportunities
POTENTIAL UPSIDE DRIVERS 1. Mineral Resource Extension Opportunities PHASE 1 DRILL TESTING koz 10,000M OF RC DRILLING PLUS UP TO 3,000M OF DIAMOND CORE COMMENCED JUNE 2022 Minyari Keel Zone Minyari fold nose region untested along a significant plunge extent Minyari Down Plunge High-grade mineral
Slide 12: Potential Upside Drivers: Maiden Mineral Resource Opportunities
POTENTIAL UPSIDE DRIVERS 1. Maiden Mineral Resource Opportunities Minyari North koz Coincident magnetic-high and IP chargeability anomaly approx. 400m north of Minyari with 2021 drilling intersecting encouraging alteration including sulphides results included 28m at 0.5 g/t gold and 0.20% copper
Slide 13: Potential Upside Drivers: Mine Scheduling Revision
POTENTIAL UPSIDE DRIVERS 2. Mine Scheduling Revision ktpa 3,500 5.0 4.5 3,000 4.0 2,500 3.5 g/t 3.0 2,000 2.5 IMMEDIATE 1,500 2.0 POTENTIAL TO 1,000 1.5 PUSH-BACK THE 1.0 PROCESSING OF 500 0.5 LOWER GRADE 0 - STOCKPILES Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Plant throughput Gold feed grade Silver feed grade INVES
Slide 14: Potential Upside Drivers: Additional Project Optimisation
POTENTIAL UPSIDE DRIVERS 3. Additional Project Optimisation 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 IMPROVE 64,300 tonnes
Slide 15: Key Outcome Detail
KEY OUTCOME DETAIL Critical mass resource with proven stand-alone project potential
Slide 16: Production Projection
PRODUCTION PROJECTION At throughput rate 3 Mtpa ore Minyari Dome Project 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 150 SILVER 100 Over the life of mine 50 MINYARI DEPOSIT 96%
Slide 17: Project NPV Sensitivity Analysis
PROJECT NPV SENSITIVITY ANALYSIS Tremendous upside to bull market gold pricing 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% 363 424 A$672M CAPEX ± 10% 365 419 u
Slide 18: Mining Methods
MINING METHODS Contractor mining at three open pits and Minyari deposit underground 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 mining will use Modified Sub-Level
Slide 19: Mining Schedule
MINING SCHEDULE Ore tonnage by Mineral Resource category and mining source 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 pits (at a strip ratio of 5:1) and
Slide 20: Process Flowsheet and Production Rate
PROCESS FLOWSHEET AND PRODUCTION RATE 3 Mtpa Carbon-In-Leach facility currently considered optimal 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 throughput rates of 1 Mtpa, 2 Mtpa and
Slide 21: Capital Cost Estimate Summary
CAPITAL COST ESTIMATE SUMMARY Upfront capital requirement of A$275M CAPITAL COST ESTIMATE (A$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 Reagents 2.3 PROCESSING Tailings St
Slide 22: Operating Cost Estimate Summary
OPERATING COST ESTIMATE SUMMARY Contractor mining at 3 Mtpa throughput Operating costs estimated for mining, processing OPERATING COST ESTIMATE (A$/T ORE ± 35%) and administration Mining – open pit (13.5 Mt of ore) 25.3 Consultants Snowden Optiro independently Mining – underground (7.9 Mt of ore
Slide 23: Corporate Overview
CORPORATE OVERVIEW INVESTOR PRESENTATION | 23
Slide 24: Corporate Snapshot
CORPORATE SNAPSHOT High quality register, strong strategic cornerstone investment CAPITAL STRUCTURE | ASX : AZY SHARE REGISTER Share price1 A$ 0.034 9.9% Shares on issue1 3,139.7 M 4.7% 4% Market capitalisation1 A$ 107.0 M 7% Cash2 A$ 6.5 M 74.4% Debt2 Nil EV A$100.5 M Newcrest IGO Board and managem
Slide 25: Board and Management
BOARD AND MANAGEMENT Proven value creators through discovery, advancement and development 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 an
Slide 26: Emerging Tier Gold and Copper Business
EMERGING TIER 1 GOLD AND COPPER BUSINESS 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 6 years >16Moz of gold and >3Mt of cop
Slide 27: Contact
CONTACT Managing Director 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 2, 16 Ord Street West
Slide 28: Appendix
APPENDIX INVESTOR PRESENTATION | 28
Slide 29: Mineral Resource: Minyari Dome
MINERAL RESOURCE Minyari Dome 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 Inferred 2.70 1.12 0.12 0.
Slide 30: Mineral Resource: Advanced exploration optionality
MINERAL RESOURCE Advanced exploration optionality Citadel Project (Antipa 35% and Rio Tinto 65% JV) 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 0.11 0.46 2.7 2.10 104,