Antipa Minerals Limited · ASX:AZY
Antipa Minerals — Shaw and Partners Gold Seminar (May 2023)
35 slides from Antipa Minerals's conference presentation, May 2, 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 ASX: AZY | May 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: 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 Moz PROJECT POTENTIAL C Minyari Dome A ATTRIBUTABLE GOLD MINERAL RESOURCE1 100% Antipa 5,100 B km2 COMPLEMENTARY MAJOR GROWTH PROJECTS A OF HIGHLY PROSPEC
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT High quality register, strong strategic cornerstone investment CAPITAL STRUCTURE | ASX : AZY SHARE REGISTER4 Share price1 A$ 0.020 9.9% Shares on issue1 3,593.0 M 4.1% 3.6% Market capitalisation1 A$ 70.1 M 8.0% Cash2 A$ 7.1 M 74.4% Debt Nil EV A$ 63.0 M Newcrest IGO Options3 502.3
Slide 5: Board and Management
BOARD AND MANAGEMENT Proven value creators 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 Geo
Slide 6: Minyari Dome Project
MINYARI DOME A PROJECT 100% ANTIPA Scoping Study confirms sizeable Technically and commercially robust stand-alone project potential with 1 Stand-alone gold mining and processing operation clear and substantial upside Strategically significant location 2 1.8 35km from the Telfer mine and processing
Slide 7: 1. Technically and Commercially Robust
1. TECHNICALLY AND COMMERCIALLY ROBUST Stand-alone gold mining and processing development (Scoping Study, August 2022) 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 l
Slide 8: 2. Strategically Significant Location
2. STRATEGICALLY SIGNIFICANT LOCATION 35km from the Telfer mine and processing facility Large 900km2 ground holding proximate to the Telfer gold- copper-silver mine and 22Mtpa processing facility Additional feed will be required, as recent Newcrest investment only extends mining operations into
Slide 9: 3. Substantial Potential Upside Drivers
3. SUBSTANTIAL POTENTIAL UPSIDE DRIVERS Three key project value levers 1 2 3 Cu Co MINERAL RESOURCE MINE SCHEDULING ADDITIONAL PROJECT EXPANSION ENHANCEMENT OPTIMISATION Delivering growth in gold output Further discovery to drive Potential copper and cobalt by- and initial operating life optimised p
Slide 10: 4. Aggressive Growth Drilling Programme
4. AGGRESSIVE GROWTH DRILLING PROGRAMME Significantly expanded 2023 drilling programme Targeting substantial and rapid growth to the gold-copper resource base for additional value enhancement to the existing Minyari Dome development opportunity Potential to materially change scope of the Minyari
Slide 11: 4. Aggressive Growth Drilling Programme
4. AGGRESSIVE GROWTH DRILLING PROGRAMME Minyari North and Minyari Plunge targets with high gold endowment potential &&&&&&&&&&&&&& 1 MINYARI DEPOSIT HAVIERON (GREATLAND GOLD) AND HEMI (DE GREY) LOOK-ALIKE Thick Minyari breccia & vein mineralisation starts at surface & delivers 3,000oz per vertic
Slide 12: 4. Aggressive Growth Drilling Programme
4. AGGRESSIVE GROWTH DRILLING PROGRAMME GEO-01 maiden Mineral Resource opportunity 200m 2 LARGE SCALE GEO-01 PROSPECT DEFINED BY 2022 AIR CORE DRILLING Broad 100m spaced AC holes intersected thick zones of alteration, veining and gold-copper mineralisation over very large 3km2 footprint Intersec
Slide 13: 4. Aggressive Growth Drilling Programme
4. AGGRESSIVE GROWTH DRILLING PROGRAMME Chicane and GP01 Prospects and additional greenfield targets 3 HIGHLY PROSPECTIVE ADVANCED TARGETS Chicane Prospect: Coincident geophysical anomaly 450m southwest of Minyari 2022 discovery drill result of 8m at 2.9 g/t gold on an interpreted 300m structura
Slide 14: Antipa portfolio exploration optionality
Antipa portfolio exploration optionality Investor leverage to future exploration success MAJOR 2023 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 POTENTIAL
Slide 15: 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 16: Paterson Farm-in Project (100% Antipa)
B PATERSON FARM-IN PROJECT (100% ANTIPA) Multiple exciting Havieron analogue targets to be drill tested this year 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
Slide 17: Citadel JV Project (32% Antipa)
C CITADEL JV PROJECT (32% ANTIPA) 1.1 Moz STRATEGIC JOINT VENTURE WITH RIO TINTO2 GOLD EQUIVALENT ATTRIBUTABLE RESOURCE1 1,200 km2 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 18: 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 19: Minyari Dome Project Milestones
MINYARI DOME PROJECT MILESTONES Upcoming aggressive exploration activity CY2022 CY2023 CY2024 Q3 Q4 Q1 Q2 Q3 Q4 Q1 SCOPING STUDY 2022 EXPLORATION PROGRAMME: Phases 1 and 2 NEW TARGET FINALISATION 2023 EXPLORATION DRILL PROGRAMME TARGETED UPDATED MINERAL RESOURCE ESTIMATES PRE-FEASIBILITY STUDY: Sche
Slide 20: Complementary Major Growth Projects
COMPLEMENTARY MA JOR GROWTH PROJECTS Multiple exploration activities across the Paterson Province CY2022 CY2023 CY2024 Q1 Q2 Q3 Q4 Q1 B PATERSON IGO FARM-IN1: Drilling (diamond, reverse circulation ± air core) ± geophysical survey C CITADEL RIO (68%) JV2,3: Drilling (reverse circulation) ± geophysic
Slide 21: Emerging as a Significant Gold and Copper Business
EMERGING AS A SIGNIFICANT GOLD AND COPPER BUSINESS Key investment highlights 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 In the last 7 years >18Moz of g
Slide 22: 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 23: Appendix
ANTIPAMINERALS x (=) a Ww a. a. <x
Slide 24: 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 25: Mineral Resource
MINERAL RESOURCE Advanced exploration optionality Citadel Project (Antipa 32%1 and Rio Tinto 68%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 26: Mineral Resource
MINERAL RESOURCE 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) has been c
Slide 27: JV and Farm-in Project Summary
JV AND FARM-IN PROJECT SUMMARY CITADEL JOINT VENTURE – ANTIPA 32%1 : RIO TINTO 68%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 28: Minyari Dome Project (100% Antipa)
MINYARI DOME PROJECT (100% ANTIPA) Multiple growth opportunities MAIDEN MINERAL RESOURCE OPPORTUNITIES Highly prospective underexplored 4.4km Au-Cu trend from the GEO-01 prospect to the Judes deposit Multiple near surface, open pit amenable targets: GEO-01 Thick zones of encouraging alteration
Slide 29: Minyari Dome Project (100% Antipa)
MINYARI DOME PROJECT (100% ANTIPA) GEO-01 maiden Mineral Resource opportunity LARGE SCALE GEO-01 PROSPECT DEFINED BY 2022 AIR CORE DRILLING Broad 100m spaced Air Core holes intersected thick zones of alteration, veining and gold-copper mineralisation over very large 3km2 footprint Intersections
Slide 30: 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 31: Citadel Rio Tinto Joint Venture Project (32% Antipa)
CITADEL RIO TINTO JOINT VENTURE PROJECT (32%1 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
Slide 32: 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 | 32
Slide 33: Telfer Gold – Copper – Silver Operation
TELFER GOLD – COPPER – SILVER OPERATION Gold production gap INDICATIVE BASE CASE GOLD PRODUCTION PROFILE Newcrest Mining Ltd’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 on
Slide 34: 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 35: Thank You
ANTIPAMINERALS THANK YOU
Antipa Minerals — Shaw and Partners Gold Seminar (May 2023) on 6ix