Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Antipa Minerals Ltd (AZY.ASX)
Release Time 28 Apr 2026, 8:12 a.m.
Price Sensitive Yes
 Antipa Minerals Delivers Multiple New Gold and Copper Discoveries
Key Points
  • CY2025 drilling programme completed, confirming additional resource growth opportunities
  • New high-grade lode discovered 65m north of Fiama
  • Minyari Northern Repeat drilling returned significant intercepts, confirming a new large-scale high-impact target zone
Full Summary

Antipa Minerals Ltd (ASX: AZY) has completed its CY2025 drilling programme at the Minyari Project, confirming additional resource growth opportunities and broader project-scale discovery upside. Key highlights from the quarter include the discovery of a new high-grade lode 65m north of Fiama, returning 24.7m at 1.4 g/t gold and 0.04% copper, and significant intercepts from the Minyari Northern Repeat drilling, 250m north of the Minyari Deposit, which returned 12.2m at 1.2 g/t gold and 0.04% copper. The company also reported a new copper discovery at Yolanda, 1km west of WACA, with drilling intersecting 44m at 0.07% copper. Subsequent to the quarter, Antipa announced an updated Mineral Resource Estimate for the Minyari Project, which increased to 69Mt at 1.33 g/t gold, containing 2.9 Moz of gold, or 3.6 Moz at 1.62 g/t AuEq, inclusive of 91 kt of copper, 880 koz of silver, and 13 kt of cobalt. The company also announced the commencement of a major new drilling campaign across the Minyari Project, designed to deliver new discoveries and further expand the existing mineral resource base.

Guidance

Antipa Minerals has a strong cash balance of circa A$47.7 million at the end of the quarter, which will fully fund the upcoming CY2026 drilling programme.

Outlook

Antipa Minerals is well-positioned to continue its resource growth and project development trajectory, targeting significant value creation for its shareholders through focused exploration and sensible development in one of the world's most promising gold-copper regions.