Minyari Project Resource Grows by 100 Koz to 2.5 Moz of Gold

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Stock Antipa Minerals Ltd (AZY.ASX)
Release Time 21 May 2025, 8:44 a.m.
Price Sensitive Yes
 Minyari Project Gold Resource Grows by 100 Koz to 2.5 Moz
Key Points
  • Total Mineral Resource of 2.5 million ounces of gold, 84,000 tonnes of copper, 666,000 ounces of silver, and 13,000 tonnes of cobalt
  • Indicated Resources of 1.7 million ounces of gold, 64,000 tonnes of copper, 533,000 ounces of silver, and 10,000 tonnes of cobalt
  • Reinforces the Project's standalone development potential, with mineralisation beginning at surface and several deposits remaining open
Full Summary

Antipa Minerals Ltd has announced an updated Mineral Resource Estimate (MRE) for its 100%-owned Minyari Project, located in Western Australia's Paterson Province. The updated MRE totals 2.5 million ounces of gold, representing an increase of 100,000 ounces, and includes 84,000 tonnes of copper, 666,000 ounces of silver, and 13,000 tonnes of cobalt. The Indicated Resources account for 66% of the total, comprising 1.7 million ounces of gold, 64,000 tonnes of copper, 533,000 ounces of silver, and 10,000 tonnes of cobalt. The updated MRE further strengthens the Minyari Project's standalone development potential, as confirmed in the outcomes from the October 2024 Scoping Study. The mineralisation begins at surface and several deposits remain open along strike and at depth, highlighting the potential for a scalable open pit and underground mining operation. Antipa's drilling programme in 2025 will target substantial growth opportunities across the existing resource base and from new discovery zones with maiden resource potential.

Guidance

The updated Mineral Resource Estimate includes 2.5 million ounces of gold, 84,000 tonnes of copper, 666,000 ounces of silver, and 13,000 tonnes of cobalt.

Outlook

Antipa is well-positioned to drive the Minyari Project towards development, with a strong balance sheet and a clear technical advancement plan. The company's 2025 drilling programme targets substantial growth opportunities across the existing resource base and from new discovery zones with maiden resource potential.