Latest news with #AntipaMinerals
The Australian
04-08-2025
- Business
- The Australian
AZY strikes jackpot at Minyari Dome
Antipa drilling reveals new gold-copper zones south of the Fiama and Rizzo deposits Drilling has also extended mineralisation at existing deposits such as Minyari South and multiple GEO-01 deposits Phase 2 drilling launching in mid-August with up to 35,000m of aircore, reverse circulation and diamond drill holes Special Report: Phase 1 drilling at Antipa Minerals' Minyari Project in WA's Paterson Province has delivered new gold-copper zones and extended several existing deposits. Results from the second batch of 54 holes – out of 304 holes completed under the programme – returned step-out extensions at multiple deposits with notable assays such as: 41m at 1.8g/t gold and 0.18% copper from 98m 1m at 35g/t gold, 0.06% copper and 0.3% cobalt from 258m 10m at 3.1g/t gold and 0.06% copper from 149m The drilling also uncovered new zones of gold-copper mineralisation to the south of Fiama and Rizzo with a top result of 60m at 0.4g/t gold and 0.15% copper from 4m. To date, Antipa Minerals (ASX:AZY) has received assays representing 53% of the total Phase 1 drilling. It notes that mineralisation remains open at the GEO-01 Main Zone, GEO-01 Central, Fiama, Minella and Minyari South deposits as well as at multiple prospects and discoveries. 'These latest results continue a steady stream of new discoveries that highlight the broader potential of Minyari Dome, with drilling confirming a new gold-copper discovery and materially extending mineralisation across several deposits,' Managing Director Roger Mason said. 'The outstanding intercepts at Minyari South and GEO-01 reinforce our view that Minyari Dome has the potential to support a significant, long-life standalone gold development, with additional ounces still to be uncovered.' More from AZY: Antipa raising $40 million to fund Minyari Dome gold development Minyari Dome drilling The Phase 1 drilling programme of 304 aircore, reverse circulation and diamond drill holes totalling 34,179m, was designed to extend the existing resource of 2.4Moz gold including 1.7Moz in the higher confidence Indicated category and test greenfield targets. Growth drilling focused on Minyari South and the broader GEO-01 prospect area, covering the Main Zone, Minella, Fiama and Central gold±copper deposits. Drilling at Minyari South opened up its western limb, which strikes up to 300m, as a significant high-grade gold and copper resource growth opportunity while hole 25MYD0538 highlighted high-grade gold potential at depth. It also extended the vertical extent of gold-copper mineralisation at GEO-01 Main Zone from 350m to 480m, from 220m to 315m at Fiama, from 100m to 230m at Minella and from 110m to 250m at GEO-01 Central. Additionally, mineralisation at Fiama, Minella and GEO-01 Central remains open in several directions. Discovery drilling tested southern extensions to Fiama and Rizzo in an area where access was previously blocked by the Paterson IGO farm-in project's tenement boundary. This drilling discovered shallow gold-copper mineralisation across an 800m by 700m area, highlighting the potential to materially increase the Minyari Dome resource. Next steps The Company is awaiting assays from a further 194 holes from the Phase 1 drilling that included 14 resource growth-focused holes and 180 discovery-focused holes. Results are expected during the current quarter and will further guide the design of its Phase 2 drill programme, which is set to begin in mid-August. This is expected to include 25,000m to 35,000m of aircore, reverse circulation and diamond drilling. 'With results from Phase 1 drilling continuing to deliver on both discovery and resource growth fronts, Phase 2 drilling set to commence in the coming weeks, and our Pre-feasibility Study advancing in parallel, we look forward to updating our shareholders with a steady stream of news through the remainder of this year,' Mason added. This article was developed in collaboration with Antipa Minerals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Mercury
07-07-2025
- Business
- Mercury
Break it Down: Antipa Minerals
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully investigates Antipa Minerals (ASX:AZY) and a placement set to take the emerging gold developer through to a definitive feasibility study at its Minyari Dome gold project in WA's Paterson province. Tune in to hear all about it. While Antipa Minerals is a Stockhead advertiser, it did not sponsor this content. Originally published as Break it Down: Antipa raising $40 million to fund Minyari Dome gold development
News.com.au
07-07-2025
- Business
- News.com.au
Break it Down: Antipa raising $40 million to fund Minyari Dome gold development
Antipa Minerals is raising $40 million dollars by way of placement to put its Minyari Dome gold project on rails to development.
News.com.au
10-06-2025
- Business
- News.com.au
Paterson Province remains underexplored despite its gold and copper riches
Paterson Province is a highly prospective region with big endowments of gold and copper Antipa Minerals has defined a significant resource at its Minyari Dome project and plans a standalone development Greatland Gold is looking to provide toll treatment services at its Telfer processing plant The Paterson Province covers around 30,000km2 to the east of the Hamersley Basin and southwest of the Canning Basin is one of the great mineral provinces in Australia, hosting some truly significant tier one projects such as Telfer and Nifty. Telfer in particular has been a real drawcard with a stupendous pre-mining inventory of 32Moz of gold, a million tonnes of copper and about 25Moz of silver. However, the region's quirks – including a relatively thick layer of cover in many parts – meant that other than Telfer and Nifty, which were discovered between 1972 and 1985 due to outcropping mineralisation, it remained largely neglected since the mid 1980s. Antipa Minerals (ASX:AZY) managing director Roger Mason told Stockhead the company started pegging ground in the region after realising that geophysical and geochemical surface exploration techniques had come a long way since the mid-80s. 'For example, electrical, geophysical survey techniques that they were using in the mid 80s would have been 1970s technology,' he noted. 'So there was an opportunity in the region to apply state of the art geophysical and surface geochemical techniques to see through the cover to discover new ore bodies. And basically that's what happened.' This is clearly highlighted by the discovery of 20Moz of gold, nearly 4Mt of copper and about 60Moz of silver in the last eight years or so under cover as shallow as 10m and up to 430m at the major Havieron project. Mason believes this trend will continue as the Paterson is a very immature province from an exploration perspective, saying that material re-invigoration of exploration has only occurred in the last decade or so. 'The giant deposits will continue to be discovered and then a number of smaller multi-million ounce, but tier two and tier three discoveries will be made over the next several decades,' he added. First mover advantage Antipa itself has benefitted from being one of the first companies to seize on opportunities in the Paterson Province while it was still relatively unloved. Mason said this allowed the company to put together ground in the shallowly covered part of the province. This is important as there are significant parts that are under very deep cover that makes it challenging to explore and develop mines. Its landholding of 4100km2 has proven rich enough for its work to culminate in a recently updated resource of 2.5Moz of gold equivalent – including 84,000t copper, 666,000oz silver and 13,000t cobalt – at its flagship Minyari Dome project. 'It's a significant resource. We had a scoping study out on the previous resource last October which showed very positive economics for a plus 10-year project mining one and a half million ounces of gold and producing 130,000ozpa for the first 10 years of project life,' Mason said. 'The economics were very strong for that project despite using a gold price of A$3000/oz for that study as the base case and it had an NPV at a 7% discount of over $830m pre-tax. 'It was a very positive outcome and so the Antipa board is moving forward with a pre-feasibility study.' The resource is also significant enough that the company is planning a standalone development for Minyari Dome. While the company will have to work through the usual permitting process in terms of environmental and Native Title considerations and stakeholders, it doesn't other have any particular hurdles towards going standalone in the region. Minyari Dome benefits from roads in the area, a gas pipeline running adjacent to the west and a BP-led joint venture building a significant green energy plant near Winu. Mason adds the company is pushing ahead with a very aggressive and multi-pronged strategy which is to complete the PFS and de-risk the Minyari standalone development opportunity. 'Currently, we've got four rigs in the area. We're drilling to expand the existing mineral resource, which will potentially expand the development life,' he said. 'We have an aggressive discovery-focused program in play as well, testing a range of priority gold targets. 'We've got three strings to the strategy bow, all of which are being sort of simultaneously progressed, and we're fully funded to complete all of those programs.' Not music to all ears While Antipa's plans to pursue a standalone development for Minyari Dome certainly make sense for a project of its scale, it does take away one of the potential planks that UK-based Greatland Gold might have been hoping to build its toll treating plans on. Greatland had acquired Newmont's assets in the region – namely the Telfer gold-copper miner and related assets – for US$475m in December 2024, giving it control over Australia's third largest gold-copper processing facility. This has the capacity to process between 20 million and 22 million tonnes of material though the UK producer has flagged that it is planning to use just part of this capacity and has promoted the potential for Telfer to be a processing hub using a hub and spoke strategy. While the removal of Minyari Dome from consideration does put some doubt into the viability of this plan, there are other junior companies operating in the region that might be amendable to a toll treatment strategy. One company is Encounter Resources (ASX:ENR), which regained full control of its Yeneena copper project in late May 2025 after IGO (ASX:IGO) withdrew from their joint venture. Yeneena is a large-scale copper-cobalt project covering +1450km2 of ground in the Paterson Province about 60km southwest of Telfer. It benefitted from some $15m in exploration expenditure – including diamond and aircore drilling, and regional-scale geological, geochemical and geophysical surveys from IGO over the six-year farm-in that generated an extensive dataset. The company plans to assess this dataset to refine and prioritise the next phase of exploration, which could include the potential for depth extensions to the BM1 high-grade copper oxide discovery and testing the large copper leakage anomaly identified at BM5. Previous drilling at BM1 had returned assays such as 20m grading 2% copper from a down-hole depth of 22m, 10m at 6.8% copper from 32m, and 18m at 3.2% copper from 32m. St George Mining (ASX:SGQ) also holds ground in the Paterson Province with its project covering more than 35km of prospective stratigraphy, with potential similarities to the stratigraphy that hosts the mineralisation at Winu, Nifty and Telfer. Drilling by the company has confirmed the presence of chalcopyrite and metasediments, the lithology known to host base metal mineralisation in the Paterson region.
