Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Antipa Minerals Ltd (AZY.ASX)
Release Time 30 Apr 2025, 8:10 a.m.
Price Sensitive Yes
 Antipa Minerals Quarterly Activities Report
Key Points
  • Reconsolidated 100%-owned Minyari Dome, Wilki and Paterson Projects into the 4,060km2 Minyari Project
  • Commenced Phase 1 CY2025 drilling programme of 389 holes for 35,000m to grow Minyari Dome Mineral Resource and test high-potential greenfield targets
  • Ended quarter with ~A$40 million in cash and no debt
Full Summary

Antipa Minerals Ltd (ASX: AZY) has reconsolidated its Paterson Province tenement position, combining the 100%-owned Minyari Dome, Wilki and Paterson Projects into the single, belt-scale 4,060km2 Minyari Project. The company has commenced its scheduled Phase 1 CY2025 drilling programme comprising 389 holes for a total of 35,000m, incorporating air core, reverse circulation (RC) and diamond core drilling. This dual-purpose programme is designed to grow the existing Mineral Resource at Minyari Dome and to test high-potential greenfield targets, with the objective of delivering new discoveries across the broader Minyari Project tenement package. Antipa ended the quarter with approximately A$40 million in cash and no debt. Key highlights from the quarter include the return of the third and final batch of assay results from the Phase 2 CY2024 drill programme, which delivered multiple thick, high-grade gold-copper intersections from the Minyari Deposit, GEO-01 Main Zone, Fiama and Minella. The results indicate strong potential for resource growth at these deposits, which remain open in several directions. Antipa also reported that Newmont and IGO have elected to withdraw from the Wilki and Paterson Project farm-in agreements, respectively, providing Antipa with full ownership and control over these highly prospective tenement packages.

Outlook

Antipa is focused on aggressively growing the Mineral Resource at its 100%-owned Minyari Dome Project through its Phase 1 CY2025 drilling programme, as well as testing a pipeline of high-potential greenfield targets across the broader 4,060km2 Minyari Project tenement package.