• Placement to fund Pre-feasibility and Definitive Feasibility Studies for Minyari Gold-Copper Project
• Enables immediate follow-up drilling and flexibility to test additional high-priority targets
• Placement well-supported by existing and new institutional investors

Antipa Minerals Ltd (ASX: AZY) has announced a A$40 million institutional placement to fund the advancement of its 100%-owned Minyari Gold-Copper Project in Western Australia's Paterson Province. The placement, which was well-supported by existing and new institutional investors, will be used to complete a Pre-feasibility Study (PFS) by June 2026 and a Definitive Feasibility Study (DFS) for the Minyari Dome Gold-Copper Development Project, with the aim of reaching a Final Investment Decision in March 2027. The funds will also enable immediate follow-up drilling from the ongoing Phase 1 growth and discovery program, as well as provide flexibility to test additional high-priority targets across the broader Minyari Project. With a combined cash balance of approximately A$74 million (after placement costs), Antipa is well-positioned to deliver key value catalysts while maintaining balance sheet strength.

The placement proceeds, combined with Antipa's existing A$36 million cash reserves, will be used to complete the PFS by June 2026 and the DFS for the Minyari Dome Gold-Copper Development Project ahead of a potential Final Investment Decision in March 2027.

The successful placement provides Antipa with the financial flexibility and certainty required to unlock the full value of the Minyari Development. The company is now well-positioned to deliver further growth and move decisively towards development of the project.