Antipa to Retain 100% Ownership of Paterson Project

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Stock Antipa Minerals Ltd (AZY.ASX)
Release Time 9 Apr 2025, 8:18 a.m.
Price Sensitive Yes
 Antipa to Retain 100% Ownership of Paterson Project
Key Points
  • Antipa retains 100% ownership of 1,520km2 Paterson Project in Western Australia
  • IGO invested approximately A$15 million in the Paterson Project, with farm-in exploration focused on delivering new copper discoveries
  • Multiple exciting high-potential gold ± copper prospects and greenfield targets identified that are primed for follow-up or initial drill testing
Full Summary

Antipa Minerals Ltd (ASX: AZY) advises that IGO Newsearch Pty Ltd, a wholly owned subsidiary of IGO Limited (IGO), has elected to withdraw from the Paterson Project farm-in agreement, entered into in July 2020, with effect from 30 April 2025. As a result, Antipa retains 100% ownership of the project which fully surrounds the Minyari Dome Development Project area and its 2.3 million oz of gold plus 83,500 tonnes of copper, 661,000 oz of silver and 13,000 tonnes of cobalt Minyari Dome Mineral Resource Estimate. Antipa's wholly owned Paterson Province tenement package now stands at approximately 4,060km2. IGO invested approximately A$15 million in the Paterson Project, with farm-in exploration focused on delivering new copper discoveries. The Paterson Project is highly prospective for gold and copper deposits, and multiple exciting high-potential gold ± copper prospects and greenfield targets have been identified that are primed for follow-up or initial drill testing. Antipa's strong financial position provides ample capacity to fund an upcoming H1 CY2025 exploration programme, currently in advanced stages of planning.

Outlook

Antipa is set to play a major role in the future of the Paterson Province, with the full retention of the Paterson Project delivering a significant advantage and the ability to now properly interrogate multiple gold-dominant opportunities on this ground.