Antipa Minerals Limited · ASX:AZY

Antipa Minerals — RIU Explorers Conference 2025

50 slides from Antipa Minerals's conference presentation, Feb 17, 2025

  1. Slide 1: A Premier Mineral Exploration and Development Company

    A PREMIER MINERAL EXPLORATION AND DEVELOPMENT COMPANY EXCEPTIONAL STAND-ALONE DEVELOPMENT POTENTIAL AT ANTIPA’S 100% OWNED MINYARI DOME GOLD-COPPER PROJECT RIU Explorers Conference ASX: AZY | February 2025

  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 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 I

  4. Slide 4: Minyari Dome Project: Significant Mineral Resource Update

    MINYARI DOME A PROJECT 100% ANTIPA SIGNIFICANT SEPTEMBER 2024 MINERAL RESOURCE UPDATE ANTIPA MINERALS 2.9 Moz GOLD EQUIVALENT RESOURCE1 C 2.3 CONTAINED Moz GOLD-ONLY A 1.7 B INDICATED RESOURCE Moz GOLD AT 1.6 g/t GOLD INCREASES AND ENHANCES RESOURCE SCALE 1. Antipa’s 100% owned Minyari Dome Project

  5. Slide 5: Minyari Dome Project CY2024 Highlights

    MINYARI DOME PROJECT CY2024 HIGHLIGHTS LIBERATED LATENT VALUE BOOSTED PROJECT ECONOMICS FURTHER EXPLORATION SUCCESS CITADEL JV EXIT RESOURCE GROWTH A$17 million cash sale to Rio Tinto1 Now a 2.3 Moz gold Resource3 Monetised a non-core, minority interest +573 koz gold for a 33% increase MULTIPLE GREE

  6. Slide 6: One of Australia's Top Gold Development Projects

    ONE OF AUSTRALIA’S TOP GOLD DEVELOPMENT PROJECTS GOLD-ONLY CONTAINED RESOURCE OUNCES (Moz Gold)1,2 RESOURCE GRADE (g/t Gold) Dalgaranga 4.8 7.0 A GROWING, NEAR Youanmi 4.4 SURFACE MINERAL Central Tanami Ravensthorpe 3.2 2.1 RESOURCE BASE Kal East 2.1 Laverton 1.8 4.0 IN COMBINATION WITH Lady Julie 1

  7. Slide 7: Exceptional Development Potential Confirmed

    MINYARI DOME GOLD PROJECT A EXCEPTIONAL DEVELOPMENT POTENTIAL CONFIRMED MINE MINING INITIAL SCHEDULE PHYSICALS GOLD OUTPUT A 30.2 Mt at 1.5 g/t Au 3 Mtpa throughput 1.3 Moz Initial open pit and For 10 + years initial Average of 130 koz pa underground mine processing life for the first 10 yrs NPV7% I

  8. Slide 8: Updated Minyari Dome Project Scoping Study

    A UPDATED MINYARI DOME PROJECT SCOPING STUDY TECHNICALLY STRATEGICALLY SIMPLE, NON- EXISTING ROAD PROJECT REAFFIRMED AND SIGNIFICANT REFRACTORY AND PORT, PLUS ECONOMICS ROBUST, WITH LOCATION IN A METALLURGY ESTABLISHED HIGHLY LEVERAGED SUBSTANTIALLY WORLD-CLASS SUPPORTS A PROCESSING TO FURTHER ENHAN

  9. Slide 9: Exploration Upside Potential

    EXPLORATION UPSIDE POTENTIAL

  10. Slide 10: CY2025 Drilling Programmes

    A CY2025 DRILLING PROGRAMMES Multiple gold-copper targets across Minyari Dome – Including Resource extension targets MINYARI DOME LONG SECTION: LOOKING WEST RESOURCE EXTENSION TARGETS:  Minyari: Plunge offset target below Minyari North  Minyari Southeast: Open down dip  Minyari South: Open at dep

  11. Slide 11: Minyari Deposit Resource Definition

    A MINYARI DEPOSIT RESOURCE DEFINITION Highlights the exceptional size and quality of the orebody MRE: 1.9 MOZ GOLD, 69 KT COPPER, 579 KOZ SILVER AND 11 KT COBALT  Outstanding high-grade gold + copper-silver-cobalt mineralisation:  86m at 1.7 g/t gold and 0.41% copper from 121m down hole in 24MYD05

  12. Slide 12: Minyari South

    A MINYARI SOUTH Gold resource poised for material growth MRE: 22 KOZ OF GOLD, 900T OF COPPER AND 5 KOZ SILVER  Significant near-surface high-grade gold mineralisation extension:  17m at 6.8 g/t gold and 0.50% copper from 65m down hole in 24MYC0653, including:  4m at 12.2 g/t gold and 1.00% copper

  13. Slide 13: Minyari Southeast

    A MINYARI SOUTHEAST Gold resource poised for further growth MAIDEN MRE: 25 KOZ OF GOLD – GROWTH EXPECTED  Significant near-surface high-grade gold mineralisation extension:  10m at 3.0 g/t gold from 67m down hole in 24MYC0644, including:  2m at 13.2 g/t gold from 67m down hole  20m at 1.0 g/t go

  14. Slide 14: GEO-01 Discovery: Overview

    A GEO-01 DISCOVERY: OVERVIEW Maiden gold Resource and initial open pit ounces delivered GEO-01 AND SURROUNDS  Large 700m by 500m gold ± copper footprint GEO-01 MAIN ZONE  Main zone of ENE trending thick high-grade gold mineralisation defines northern limit:  CY2024 drilling extended Main Zone’s s

  15. Slide 15: GEO-01 Discovery: Main Zone

    A GEO-01 DISCOVERY: MAIN ZONE Gold resource poised for material growth MAIDEN MRE: 151 KOZ OF GOLD – GROWTH EXPECTED  Significant near-surface high-grade gold mineralisation intersected :  35m at 3.0 g/t gold from 20m down hole in 24MYC0610, including:  16m at 5.6 g/t gold from 33m  50m at 2.3 g

  16. Slide 16: GEO-01 Discovery: Fiama and Minella

    A GEO-01 DISCOVERY: FIAMA AND MINELLA Maiden resource and growth opportunities FIAMA PROSECT:  32m at 2.4 g/t gold from 140m down hole in 24MYC0470, including:  4m at 8.9 g/t gold from 140m  16m at 3.8 g/t gold and 0.09% copper from 113m down hole in 24MYC0632, including:  2m at 25.4 g/t gold an

  17. Slide 17: High-Impact Exploration Activities to Continue in CY2025

    A HIGH-IMPACT EXPLORATION ACTIVITIES TO CONTINUE IN CY2025 Multiple gold-copper targets across Minyari Dome TARGETING FURTHER MRE GROWTH AND MA JOR NEW DISCOVERIES1  Phase 1 drill programme in advanced stages of planning (10,000 to 15,000 metres): Field activities scheduled to commence in March  E

  18. Slide 18: Farm-in Funded Exploration

    FARM-IN FUNDED EXPLORATION ANTIPAVINERALE OU)

  19. Slide 19: Antipa Portfolio Exploration Optionality

    ANTIPA PORTFOLIO EXPLORATION OPTIONALITY Provides investor leverage to future exploration success LARGE 3,920km2 PORTFOLIO PATERSON SHAREHOLDERS (100% ANTIPA) BENEFIT FROM 1,550km2 SUBSTANTIAL LARGE GROUP EXPLORATION UPSIDE EXPLORATION WILKI POTENTIAL SPEND (100% ANTIPA) 1,470km2 Provides access to

  20. Slide 20: Major Growth Projects: Farm-in Exploration

    MAJOR GROWTH PROJECTS Farm-in exploration B C ANTIPA MINERALS WILKI FARM-IN PATERSON FARM-IN (100% ANTIPA: NEWMONT) (100% ANTIPA: IGO) C Targeting greenfield discoveries Exploring for sediment-hosted close to Telfer’s 22 Mtpa gold- copper deposits with potential copper-silver processing facility gol

  21. Slide 21: Wilki: Parklands and Jezabeel Greenfield Targets

    B WILKI: EXCITING PARKLANDS AND JEZABEEL GREENFIELD TARGETS Two very large-scale surface geochemical gold anomalies very close to Telfer HIGH PRIORITY GREENFIELD TARGETS Parklands: Surface geochemical gold anomaly:  Telfer sized, very large 3km long by up to 1.5km wide  Located just 10km northeast

  22. Slide 22: Wilki: New Parklands Greenfield Target

    B WILKI: NEW PARKLANDS GREENFIELD TARGET A very large-scale surface geochemical gold anomaly  Located just 10km northeast of Greatland’s Telfer gold-copper-silver 22 Mtpa processing facility1  Coherent gold and mineral system pathfinder surface geochemical anomaly:  Very large 3km long by up to 1

  23. Slide 23: Paterson: Multiple Targets Surrounding Minyari

    C PATERSON: MULTIPLE TARGETS SURROUNDING MINYARI Including Winu and Havieron analogue targets PRIORITY GREENFIELD TARGETS  Two co-incident magnetic-gravity high Havieron analogue targets 11 to 25km from Minyari (PP-GRAV02 and PP- GRAV01)  Collie 2km long EM target 10km along strike from Winu  Mul

  24. Slide 24: Paterson: Large Gold-Copper Target PP-GRAV02

    C PATERSON: MULTIPLE TARGETS SURROUNDING MINYARI Including Winu and Havieron analogue targets LARGE GOLD-COPPER TARGET PP-GRAV02  Located 10km WSW of Minyari adjacent to NE-trending Crofton Granite intruding a major fault:  Potential hydrothermal heat and metal source  CY2024 diamond core drillin

  25. Slide 25: Paterson: Large Gold-Copper Target PP-GRAV01

    C PATERSON: MULTIPLE TARGETS SURROUNDING MINYARI Including Winu and Havieron analogue targets LARGE GOLD-COPPER TARGET PP-GRAV01  Located 25km north of Minyari adjacent to Anketell- Samphire Thrust (which connects Winu, Minyari and Havieron) and a reduced sub-circular granite:  Potential hydrother

  26. Slide 26: Paterson: AL01 Very Large-Scale Air Core Gold Target

    C PATERSON: AL01 – A VERY LARGE-SCALE AIR CORE GOLD TARGET Including Winu and Havieron analogue targets VERY LARGE AIR CORE GOLD TARGET AL01  Located 17km north of Minyari  2023 air core drilling extended AL01 anomaly to a 5km long target  Meta-sediment hosted gold and pathfinder anomaly: Extensi

  27. Slide 27: Corporate

    CORPORATE ANTIPAVINERALS CU)

  28. Slide 28: Citadel Sale and December Placement Increases Cash Reserves

    CITADEL SALE AND DECEMBER PLACEMENT INCREASES CASH RESERVES CAPITAL STRUCTURE | ASX: AZY SHARE REGISTER4,5 Share price1 A$0.036 7.4% 4.3% Greatland Gold 2.7% Shares on issue1 5,555M 2.7% Lion Selection Group IGO Market capitalisation1 A$200M 23.5% Board and Management 59.4% Institutions and Funds Ca

  29. Slide 29: Highly Experienced and Motivated Executive Team

    HIGHLY EXPERIENCED AND MOTIVATED EXECUTIVE TEAM Mark Rodda Roger Mason Stephen Power Peter Buck Gary Johnson Luke Watson Executive Managing Non-Executive Non-Executive Non-Executive CFO and Company Chairperson Director and CEO Director Director Director Secretary  Lawyer and Corporate  Geologist 

  30. Slide 30: 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

  31. Slide 31: Set to Play a Major Part in the Region's Rapid Resurgence

    SET TO PLAY A MA JOR PART IN THE REGIONS RAPID RESURGENCE A TRULY OUTSTANDING GOLD GROWTH POTENTIAL FROM STRATEGIC PARTNERSHIPS MINING LOCATION MULTIPLE TARGET AREAS FUNDING EXPLORATION SPEND PROXIMAL TO THE TELFER MINE AND EXPLORATION IS ONGOING – HIGH-QUALITY PARTNERS WITH STRONG WINU AND HAVIERON

  32. Slide 32: Contact Details

    CONTACT DETAILS MANAGING DIRECTOR EXECUTIVE CHAIRPERSON 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@f

  33. Slide 33: Thank You

    ANTIPAMINERALS THANK YOU

  34. Slide 34: Appendix - General

    ANTIPAMINERALS APPENDIX - GENERAL

  35. Slide 35: Shallow Depth of Younger Cover Across 3,920km2 Portfolio

    SHALLOW DEPTH OF YOUNGER COVER ACROSS LARGE 3,920km2 PORTFOLIO 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. Havieron refer to Greatland Gold plc AIM release dated 21 December 2023, “Havier

  36. Slide 36: Key Farm-in Agreement Terms

    KEY FARM-IN AGREEMENT TERMS B WILKI PROJECT: A$60M NEWMONT FARM-IN FOR UP TO 75% INTEREST (AZY 100%, NEWMONT 0%)  ~1,470km2 Antipa / Newmont Farm-in Project (agreed 28 February 2020) comes to within 3km of Greatland Gold’s Telfer gold-copper-silver mine and 22 Mtpa plant and 9km of Greatland Gold’s

  37. Slide 37: Minyari Dome Project 2024 Mineral Resource Estimate

    MINYARI DOME PROJECT 2024 MINERAL RESOURCE ESTIMATE MINYARI DOME PROJECT (ANTIPA 100%)1,2 Deposit Classification Tonnes Au g/t Au ounces Ag g/t Ag ounces Cu % Cu tonnes Co % Co tonnes Minyari Indicated 27,100,000 1.75 1,505,000 0.58 507,000 0.22 59,800 0.04 9,720 Minyari Inferred 6,200,000 1.78 347,

  38. Slide 38: Mineral Resource - Wilki Farm-in Project

    MINERAL RESOURCE - WILKI FARM-IN PROJECT Wilki Farm-In Project (Antipa 100%) Deposit 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 Proje

  39. Slide 39: Top Australian Gold Projects

    TOP AUSTRALIAN GOLD PROJECTS TOP AUSTRALIAN GOLD PROJECTS: REFERENCE INFORMATION FOR SLIDE 5 Project Company Contained Au Resource Grade Measured Resources Indicated Resources Inferred Resources Stage Study Level Source (Moz) (g/t Au) (Mt) (Mt) (Mt) (completed) Havieron Greatland Gold 7.0 1.7 0.0 51

  40. Slide 40: Appendix - Updated Scoping Study Detail

    APPENDIX - UPDATED SCOPING STUDY DETAIL

  41. Slide 41: Updated Minyari Dome Project Scoping Study

    A UPDATED MINYARI DOME PROJECT SCOPING STUDY MINYARI DOME STAND ALONE DEVELOPMENT OPPORTUNITY1 OPTIMAL CASE  Two standard processing facility options 13.5 M tonnes evaluated: Aupit ore open  a gravity and CIL plant for a Gold- OPEN PIT GOLD Focused case producing doré gold; and ORE OUTPUT  a flot

  42. Slide 42: Updated Minyari Dome Project Scoping Study

    A UPDATED MINYARI DOME PROJECT SCOPING STUDY1 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 CAP

  43. Slide 43: Updated Minyari Dome Project Scoping Study

    A UPDATED MINYARI DOME PROJECT SCOPING STUDY 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

  44. Slide 44: Updated Minyari Dome Project Scoping Study

    A UPDATED MINYARI DOME PROJECT SCOPING STUDY CAPITAL COST ESTIMATE (Development and 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 -

  45. Slide 45: Updated Minyari Dome Project Scoping Study

    A UPDATED MINYARI DOME PROJECT SCOPING STUDY 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 cu

  46. Slide 46: Updated Minyari Dome Project Scoping Study

    A UPDATED MINYARI DOME PROJECT SCOPING STUDY 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

  47. Slide 47: Updated Minyari Dome Project Scoping Study

    A UPDATED MINYARI DOME PROJECT SCOPING STUDY 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 | 47

  48. Slide 48: Updated Minyari Dome Project Scoping Study

    A UPDATED MINYARI DOME PROJECT SCOPING STUDY 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 2,25

  49. Slide 49: Updated Minyari Dome Project Scoping Study

    A UPDATED MINYARI DOME PROJECT SCOPING STUDY PROJECTED ANNUAL FREE CASH FLOWS (POST-TAX, A$M) AT VARIOUS GOLD PRICE ASSUMPTIONS1 A$3,000/oz Au A$4,000/oz Au A$4,200/oz Au 273 249 249 235 241 243 250 229 226 230 228 216 207 222 224 210 198 191 170 172 151 156 139 132 126 127 117 110 106 78 32 30 18 Y

  50. Slide 50: Updated Minyari Dome Project Scoping Study

    A UPDATED MINYARI DOME PROJECT SCOPING STUDY NPV SENSITIVITY ANALYSIS (PRE-TAX, A$3,000/oz AU)1 PROJECT PROVIDES TREMENDOUS GOLD PRICE UPSIDE1 NPV7% UoM Base Spot A$834M Gold price assumption A$/oz 3,000 4,0002 NPV7% (pre-tax) A$M 834 1,696 Gold Price ± 30% 59 1610 IRR (pre-tax) % 52 91 Gold Price ±

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