Antipa Minerals Ltd (ASX: AZY) (Antipa or the Company) is pleased to announce assay results from the third batch of 36 holes completed during CY2024 Phase 2 drilling at its 100%-owned Minyari Dome Gold-Copper Project, located in the Paterson Province of Western Australia (Minyari Dome).
This batch of assay results comprises 31 reverse circulation (RC) holes (for 4,680m) and five diamond core holes (for 988m). Results confirm the discovery of additional new zones of near-surface, high-grade gold +/- copper at the GEO-01 Main Zone and Fiama, while also revealing significant gold-copper-silver-cobalt intersections within the main Minyari Deposit.
Antipa's Managing Director, Roger Mason, commented 'The third batch of assay results from CY2024 Phase 2 drilling continues to deliver exceptional outcomes and builds on the already stellar results returned in earlier batches of the programme. Much of the new mineralisation discovered begins from near surface, and, importantly, in many instances, remains open at depth. This highlights the immense potential for further resource expansion at the Minyari Dome Project. The mineralisation is gold- and copper-dominant, with additional valuable credits likely to be available from the strong silver and cobalt grades, serving to further enhance the economic appeal of the deposit.
Planning for CY2025 drilling is well advanced, and field activities are set to commence this quarter, providing further opportunities to grow the Minyari Dome Mineral Resource base and unlock its full potential. In parallel, we have advanced various technical workstreams to enable refinement and progress on the development opportunity at the Minyari Dome Project, and we expect to formally begin an advanced economic study shortly.'
CY2024 Phase 2 Minyari Dome Project Exploration Programme Outline
The CY2024 Phase 2 drilling campaign targeted brownfield Mineral Resource growth and greenfield discoveries, incorporating a component of resource delineation drilling. Samples were also collected for metallurgical analysis to support future Pre-Feasibility Studies (PFS). In addition to its active exploration drilling programmes, various technical workstreams have been advanced to further de-risk and refine the development opportunity at Minyari Dome. The CY2024 Phase 2 drilling programme concluded at the end of November, comprising 71 drill holes for a total of 11,134m, including:
CY2024 Phase 2 Drilling: Third Batch Results Summary
Minyari Deposit: The main Minyari Deposit, with a 1.9Moz gold and 68.6kt copper MRE, features high-grade gold mineralisation from surface and forms the foundation of the October 2024 Scoping Study's 1.5Moz gold2 Mining Inventory. The third batch of assay results included three diamond core holes (for 620.4m) from the Minyari component of the Phase 2 RC drilling programme. Drill holes 24MYD0533, 24MYD0534 and 24MYD0534A were completed for resource definition (ResDef) and metallurgical sample collection to support a PFS. These holes revealed multiple thick, high-grade gold-copper intersections, including mineralisation grading up to 90.7 g/t gold and 16.9% copper over a 0.55m intersection.
GEO-01 Main Zone: The GEO-01 Main Zone, with a 151koz gold MRE is located approximately 1.3km south of the Minyari Deposit and features shallow gold mineralisation extending along 500m of strike, up to 300m across strike, and to a depth of 420m. Mineralisation remains open in several directions. Assay results were returned for two diamond core ResDef and metallurgical sample holes (for 367.9m) and an RC water bore (for 72m).
Project Advancement Plan and Forward Activity Schedule Upcoming CY2025 Phase 1 Programme: The Phase 1 drill programme, targeting further increases to the existing Minyari Dome MineralP Resource, is in the advanced stages of planning, with field activities scheduled to commence in March. Any expansion to the existing 2.3-million-ounce gold, 84,000 tonne copper, 661,000 ounce silver, and 13,000 tonne cobalt MRE is expected to deliver additional strong value enhancement to the existing development opportunity at Minyari Dome1. An updated MRE incorporating the CY2024 Phase 2 drill results is scheduled for completion inh Q1 CY2025. Various technical work streams are being advanced to further de-risk and refine the Minyarih Dome development opportunity. These include a seasonal (autumn) component of a PFS level environmental survey programme, scheduled to commence in March this year. Recruitment activities have commenced to expand the Company's in-house technical and study capabilities in alignment with its project advancement plans. Based on the highly positive outcomes of the updated Scoping Study2, and pending approval from the Board of Directors, a PFS for the Minyari Dome Project will commence in Q1 CY2025.
Contact:
Mark Rodda Executive
Chairperson
Antipa Minerals Ltd
Tel: +61 (0)8 9481 1103
Roger Mason
Managing Director and CEO
Antipa Minerals Ltd
Tel: +61 (0)8 9481 1103
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