Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Antipa Minerals Ltd (AZY.ASX) |
|---|---|
| Release Time | 29 Jul 2025, 8:16 a.m. |
| Price Sensitive | Yes |
Antipa Minerals Delivers Significant New Gold-Copper Discovery
- Minyari Project resource grows by 100koz to 2.5Moz of gold
- Drilling confirms new extensive shallow high-grade gold-copper zones
- Successful $40M placement to fund accelerated exploration and development
Antipa Minerals Ltd has reported on its activities for the quarter ended 30 June 2025, including the consolidation of its Paterson Province tenements into a single 4,100km² Minyari Project. The company released an updated Mineral Resource Estimate (MRE) in May 2025, increasing its total resource base to 3.0Moz gold equivalent at 1.94 g/t. The Minyari Dome Development now stands at 2.5Moz of gold, including 1.7Moz at 1.6 g/t in the Indicated category. Antipa commenced its Phase 1 CY2025 drilling programme, which is designed to grow the existing Mineral Resource at Minyari Dome and test high-potential greenfield targets. The first batch of assay results confirmed a significant new gold-copper discovery south of Fiama and Rizzo, and delivered meaningful extensions to known mineralisation at the GEO-01 Main Zone deposit. Subsequent to the quarter, Antipa successfully completed a $40 million placement, strengthening its cash position to approximately $70.6 million and enabling the company to expand and accelerate its Minyari Project resource growth and discovery programme alongside advanced project development activities.
Antipa has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.
Antipa is focused on expanding the Mineral Resource at its Minyari Dome Project and testing high-potential greenfield targets across its broader Minyari Project. The company is progressing key workstreams, including metallurgical test work, environmental studies, and permitting activities, ahead of the expected completion of a Pre-feasibility Study for the Minyari Development by June 2026.