Antipa Retains 100% Ownership of Paterson Project (Amended)

Open PDF
Stock Antipa Minerals Ltd (AZY.ASX)
Release Time 9 Apr 2025, 7:30 p.m.
Price Sensitive Yes
 Antipa Retains 100% Ownership of Paterson Project
Key Points
  • Antipa retains 100% ownership of 1,520km2 Paterson Project after IGO withdraws
  • Multiple high-potential gold ± copper prospects and greenfield targets identified for follow-up
  • Antipa's strong financial position enables upcoming H1 CY2025 exploration programme
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. As a result, Antipa retains 100% ownership of the project, which fully surrounds the Company's Minyari Dome Development Project area. Antipa's wholly owned Paterson Province tenement package now stands at approximately 4,060km2. Highlights include: Antipa retaining 100% ownership of the 1,520km2 Paterson Project, with IGO having invested approximately A$15 million in the project; the project being highly prospective for gold and copper deposits; multiple exciting high-potential gold ± copper prospects and greenfield targets identified that are primed for follow-up or initial drill testing; and Antipa's strong financial position providing ample capacity to fund an upcoming H1 CY2025 exploration programme, currently in advanced stages of planning. Antipa's Managing Director, Roger Mason, commented that the full retention of the Paterson Project is a fantastic result for the company, delivering benefits such as the tenement package completely surrounding the flagship Minyari Dome Project and the ability to now properly interrogate multiple gold-dominant opportunities on the ground.

Outlook

The CY2025 exploration drilling programme is in the advanced stages of planning and is set to focus on priority targets proximal to Minyari, including extensions to both GEO-01 and Rizzo, plus PP-GRAV02 and AL01.