Antipa Minerals Limited · ASX:AZY
Antipa Minerals — Precious Metals Summit Beaver Creek 2023
37 slides from Antipa Minerals's conference presentation, September 2023
Slide 1: A Premier Mineral Exploration and Development Company
A PREMIER MINERAL EXPLORATION AND DEVELOPMENT COMPANY LARGE-SCALE, WORLD-CLASS GOLD AND COPPER ASSETS IN WESTERN AUSTRALIA Precious Metals Summit Beaver Creek ASX: AZY | September 2023
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: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY Antipa Minerals acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present, extending that respect to all Aboriginal and Torres Strait Islander peoples today.
Slide 4: The Antipa Minerals Portfolio
THE ANTIPA MINERALS PORTFOLIO High impact exploration and advancement of our flagship Minyari Dome Project 2.6 SCOPING STUDY CONFIRMS STAND-ALONE C Moz PROJECT POTENTIAL Minyari Dome A ATTRIBUTABLE GOLD MINERAL RESOURCE1 100% Antipa 5,100 B km2 COMPLEMENTARY MAJOR A GROWTH PROJECTS OF HIGHLY PROSPEC
Slide 5: Antipa Portfolio Exploration Optionality
ANTIPA PORTFOLIO EXPLORATION OPTIONALITY Investor leverage to future exploration success MAJOR CY2023 EXPLORATION SPEND ACROSS HUGE 5,100km2 PORTFOLIO PATERSON (100% ANTIPA) 1,550km2 Shareholders WILKI benefit from large (100% ANTIPA) SUBSTANTIAL EXPLORATION group exploration 1,470km2 UPSIDE POTENTI
Slide 6: Minyari Dome
MINYARI DOME A PROJECT 100% ANTIPA Existing sizeable stand-alone project Technically and commercially robust potential with clear and substantial exploration upside Initial Scoping Study indicates stand-alone gold mining and processing operation potential Strategically significant location 1.8 3
Slide 7: Existing Stand-Alone Project Potential
A EXISTING STAND-ALONE PROJECT POTENTIAL Attractive foundation with sizable project upside MINE SCHEDULE MINING PHYSICALS STANDARD CIL PLANT 21.4 Mt at 1.6 g/t gold 3 Mtpa throughput 90% gold recovery Initialopenpit andundergroundmine For7+yearsinitialprocessinglife Simplenon-refractorymetallurgy IN
Slide 8: Aggressive Growth Drilling Programme
A AGGRESSIVE GROWTH DRILLING PROGRAMME Significantly expanded 2023 mineral resource and greenfield drilling programme Expanded Phase 2 programme of up to 19,000m of drilling targeting substantial and rapid growth to the gold-copper resource base and major greenfield discoveries Key maiden gold-c
Slide 9: Aggressive Growth Drilling Programme
A AGGRESSIVE GROWTH DRILLING PROGRAMME Significantly expanded 2023 mineral resource and greenfield drilling programme 1 3 2 MINYARI DEPOSIT HAVIERON (GREATLAND GOLD) AND HEMI (DE GREY) DEPOSIT FAMILY Legend: Minyari: Thick breccia and vein mineralisation starts at surface and delivers 3,000oz per
Slide 10: GEO-01 delivers potential open pit maiden resource opportunity
A AGGRESSIVE GROWTH DRILLING PROGRAMME 1 GEO-01 delivers potential open pit amenable maiden resource opportunity GEO-01 PROSPECT Significant near-surface high-grade gold mineralisation intersected: 24m at 1.3 g/t gold from 16m down hole in 23MYC0383, including: 4m at 6.7 g/t gold from 28m 68
Slide 11: Tetris and Pacman greenfield targets
A AGGRESSIVE GROWTH DRILLING PROGRAMME 3 Tetris and Pacman greenfield targets Diamond drill testing at high-potential Tetris and Pacman targets planned to commence in October A$440,000 WA Government co-funding drilling grants TETRIS TARGET Havieron doppelgänger 35km northeast of Minyari Simi
Slide 12: Minyari Dome Project Milestones
A MINYARI DOME PROJECT MILESTONES Continued aggressive exploration activity CY2022 CY2023 CY2024 Q3 Q4 Q1 Q2 Q3 Q4 Q1 SCOPING STUDY 2022 EXPLORATION PROGRAMME NEW TARGET FINALISATION 2023 EXPLORATION DRILL PROGRAMME TARGETED UPDATED MINERAL RESOURCE ESTIMATES PRE-FEASIBILITY STUDY: Scheduled to rest
Slide 13: Paterson Farm-In Project (100% Antipa)
B PATERSON FARM-IN PROJECT (100% ANTIPA) B LARGE-SCALE 1,550km2 LAND HOLDING ATTRACTIVE FARM-IN WITH IGO1 LOCATED WITHIN 22km OF THE TELFER GOLD-COPPER- SILVER MINE AND 22Mtpa PROCESSING FACILITY AGREEMENT TO SPEND A$30M FOR 70% JV INTEREST WITH A$6M SPENT BY IGO TO DATE. ANTIPA IS FREE CARRIED TO C
Slide 14: Paterson Farm-In Project: FY2024 greenfield exploration programme
B PATERSON FARM-IN PROJECT (100% ANTIPA) FY2024 high-priority greenfield exploration programme PROGRAMME DETAIL Planned for up to approximately 9,000m, including: 1,350m diamond core drilling; 3,600m RC drilling; and 4,000m air core drilling. To be fully funded and operated by IGO A$210,
Slide 15: Multiple exciting Havieron analogue targets
B PATERSON FARM-IN PROJECT (100% ANTIPA) Multiple exciting Havieron analogue targets CO-INCIDENT GRAVITY MAGNETICS IDENTIFY HIGH PRIORITY TARGET The Havieron 5.5Moz gold and 222kt copper1 and Minyari 1.8Moz gold 64kt copper deposits are co-incident magnetic and gravity highs Priority target PP-G
Slide 16: Citadel JV Project (33% Antipa)
C CITADEL JV PROJECT (33% ANTIPA) 1.1 Moz STRATEGIC JOINT VENTURE WITH RIO TINTO2 GOLD EQUIVALENT ATTRIBUTABLE RESOURCE1 1,200km2 LAND HOLDING ALL LOCATED WITHIN 50km OF THE WINU COPPER-GOLD-SILVER DEVELOPMENT PROJECT C 108 MT MINERAL RESOURCE Au 2.4 Moz (0.8 Moz attributable) at 0.72 g/t Cu 162 kt
Slide 17: Citadel JV: H2 CY2023 exploration programme
C CITADEL JV PROJECT (33% ANTIPA) Antipa to operate exciting H2 CY2023 exploration programme PROGRAMME DETAIL Planned for 1,000m to 1,400m of RC drilling To be fully funded by Rio Tinto1 - Antipa operators Scheduled commencement September KEY TARGETS Rimfire Southwest: Interpreted fold hin
Slide 18: Citadel JV: Geology and scale
C CITADEL JV PROJECT (33% ANTIPA) Geology and scale suggests substantial growth and development potential CALIBRE DEPOSIT (SHOWN RIGHT) Inferred Mineral Resource 92Mt at 0.72 g/t gold, 0.11% copper and 0.46 g/t silver for 2.1Moz gold, 104kt copper and 1.3Moz silver 1.7km long, up to 480m thick a
Slide 19: Wilki Farm-In Project (100% Antipa)
D WILKI FARM-IN PROJECT (100% ANTIPA) SUBSTANTIAL 1,470km2 LAND HOLDING ATTRACTIVE FARM-IN WITH NEWCREST MINING1 D LOCATED WITHIN 3km OF THE TELFER GOLD-COPPER- SILVER MINE AND 22Mtpa PROCESSING FACILITY AGREEMENT TO SPEND A$60M FOR 75% JV INTEREST WITH A$9M SPENT BY NEWCREST TO DATE 2.4 MT MINERAL
Slide 20: Wilki Farm-In: FY2024 exploration programme
D WILKI FARM-IN PROJECT (100% ANTIPA) FY2024 exploration programme to regenerate greenfield target pipeline PROGRAMME DETAIL Planned for up to 2,300m RC drilling Large-scale airborne gravity gradiometer (AGG) geophysical survey Large-scale soil geochemical sampling programme To be fully fund
Slide 21: Complementary Major Growth Projects
COMPLEMENTARY MA JOR GROWTH PROJECTS Multiple exploration activities across the Paterson Province CY2022 CY2023 Q3 Q4 B PATERSON IGO FARM-IN1: Drilling (diamond, reverse circulation, air core) and hydrochemical sampling C CITADEL RIO (67%) JV2: Drilling (reverse circulation) ± geophysical survey D W
Slide 22: Meaningful Value Creation for All Stakeholders
LOCAL REGIONAL CULTURAL SOCIALLY COMMUNITY ECONOMIC HERITAGE INCLUSIVE PARTNERSHIPS DEVELOPMENT PROTECTION WORKPLACE Engaging local people Exploration investment Collaborating with Committed to and businesses for for regional WA Traditional Owners to workplace diversity wide-ranging social long-term
Slide 23: Capital Structure
CAPITAL STRUCTURE CAPITAL STRUCTURE | ASX : AZY SHARE REGISTER4 Share price1 A$ 0.013 8.9% 3.7% Shares on issue1 3,981.7 M 3.4% Market capitalisation1 A$ 51.8 M 12.1% Cash2 A$ 9.2 M 71.9% Debt Nil EV A$ 42.6 M Newcrest IGO Board and management Institutions and funds Options3 530.4 M Other 1. At 6 Se
Slide 24: Board and Management
BOARD AND MANAGEMENT Stephen Power Roger Mason Mark Rodda Peter Buck Gary Johnson Luke Watson Non-executive Managing Executive Director – Non-Executive Non-Executive CFO and Company Chairman Director Commercial and Legal Director Director Secretary Corporate lawyer with Geologist with 35 years
Slide 25: Emerging as a Significant Gold and Copper Business
EMERGING AS A SIGNIFICANT GOLD AND COPPER BUSINESS OUTSTANDING LOCATION Paterson region has been historically underexplored Prospective frontier for the discovery of multi-cycle, tier-one gold-copper deposits PROXIMAL TO THE TELFER MINE AND HAVIERON AND WINU In the last 7 years >18Moz of gold
Slide 26: Contact Details
CONTACT DETAILS MANAGING DIRECTOR EXECUTIVE DIRECTOR Mr Roger Mason Mr Mark Rodda E: roger.mason@antipaminerals.com.au E: mark.rodda@antipaminerals.com.au CORPORATE OFFICE MEDIA RELATIONS Level 2, 16 Ord Street Mr Michael Vaughan West Perth WA 6005 Fivemark Partners Australia E: michael.vaughan@five
Slide 27: Appendix
ANTIPAMINERALS x (=) a Ww a. a. <x
Slide 28: Mineral Resource
MINERAL RESOURCE Minyari Dome Minyari Dome Project (100%)1 Deposit Aueq 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 Aueq Indicated 15.00 1.17 0.19 0.54 0.04 567,000 27,800 259,600 5,930 Minyari 0.5 Aueq Inferred 2.70 1.12 0
Slide 29: Mineral Resource
MINERAL RESOURCE Advanced exploration optionality Citadel Project (Antipa 33%1 and Rio Tinto 67%1 JV) Deposit Aueq cut-off Category Tonnes (Mt) Au equiv. (g/t)2 Au grade (g/t) Cu grade (%) Ag grade (g/t) Au equiv. (Moz)2 Au (Moz) Cu (t) Ag (Moz) Calibre 0.5 Aueq Inferred 92 0.92 0.72 0.11 0.46 2.7 2
Slide 30: Mineral Resource Estimate: Gold Equivalent Calculations
MINERAL RESOURCE ESTIMATE Gold Equivalent Calculations Gold Metal Equivalent Information – Minyari Dome Project Mineral Resource Gold Equivalent reporting cut-off grade: The 0.5 g/t and 1.5 g/t Aueq cut-off grades assume open pit and underground mining, respectively. A gold equivalent grade (Aueq) h
Slide 31: JV and Farm-In Project Summary
JV AND FARM-IN PROJECT SUMMARY CITADEL JOINT VENTURE – ANTIPA 33%1 : RIO TINTO 67%1 (RIO EARNT 65% BY SOLE FUNDING A$25M) ~1,200km2 Citadel JV Project just 4km from Rio Tinto’s Winu copper-gold-silver development project Existing Mineral Resource 2.4Moz gold at 0.72 g/t, 162kt copper at 0.15% an
Slide 32: GEO-01 delivers potential open pit maiden resource opportunity
A AGGRESSIVE GROWTH DRILLING PROGRAMME 1 GEO-01 delivers potential open pit amenable maiden resource opportunity GEO-01 PROSPECT Significant near-surface high-grade gold mineralisation intersected: 24m at 1.3 g/t gold from 16m down hole in 23MYC0383, including: 4m at 6.7 g/t gold from 28m 68
Slide 33: Paterson IGO Farm-In Project (100% Antipa)
PATERSON IGO FARM-IN PROJECT (100% ANTIPA) High priority co-incident gravity and magnetic targets Havieron 5.5Moz gold and 222kt copper1 and Minyari 1.8Moz gold 64kt copper deposits are both co-incident magnetic and gravity highs PP-GRAV02 located 10km southwest of Minyari - Line of shallow, bro
Slide 34: Shallow Depth of Younger Cover
SHALLOW DEPTH OF YOUNGER COVER First mover exploration and development advantage APPROXIMATELY 50% of Antipa tenements are under less than 20 metres of cover APPROXIMATELY 80% of Antipa tenements are under less than 80 metres of cover INVESTOR PRESENTATION | 34
Slide 35: Telfer Gold-Copper-Silver Operation
TELFER GOLD – COPPER – SILVER OPERATION Gold production gap INDICATIVE BASE CASE GOLD PRODUCTION PROFILE Newcrest Mining’s (NCM) group production profile Focus on the orange area (i.e. Telfer+Havieron)1 Note NCM’s diminishing production from the Telfer hub (35km from Minyari) from FY241 onward
Slide 36: Havieron Gold-Copper Deposit
HAVIERON GOLD – COPPER DEPOSIT Mineral Resource 5.5 Moz of gold and 222,000 tonnes of copper1,2 1. The Havieron deposit is the subject of a joint venture agreement between Greatland Gold Plc and Newcrest Mining Ltd. Newcrest holds a 70% interest in Havieron earnt via total expenditure of US$65M. 2.
Slide 37: Thank You
ANTIPAMINERALS THANK YOU
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