| Announcement Date: | 2022-05-02 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Antipa Minerals Ltd. |
| Project name: | Minyari Dome |
| Location: | Australia |
| Commodities: | Gold,Silver,Copper,Cobalt |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Antipa Minerals Limited (ASX: AZY) (Antipa or the Company) is pleased to announce a 250% increase to the 100% owned Minyari Dome Project Mineral Resource estimate to 1.8 million ounces of gold (up from 723,000 ounces). The Minyari‐WACA deposits are located within 35km of Newcrest Mining’s (Newcrest) Telfer gold‐copper‐silver mine and mineral processing facility and 54km along strike from Greatland Gold‐Newcrest’s Havieron gold‐copper development project (Figures 1 and 2). 0.19% copper, 0.54 g/t silver and 0.03% cobalt) containing 2.3 million gold equivalent1 ounces (1.8 million ounces of gold, 64,300 tonnes of copper, 584,000 ounces of silver and 11,100 tonnes of cobalt) using gold equivalent1 cut‐off grades of 0.5 g/t and 1.5 g/t considered appropriate for open pit and underground mining respectively (comparable to the 2017 MRE cut‐off grades of 0.5 g/t and 1.7 g/t). Commenting on the Minyari‐WACA Mineral Resource update, Antipa’s Managing Director, Roger Mason, said: “This outstanding result confirms that our 100% owned Minyari‐WACA gold‐copper‐silver‐cobalt resource is very large‐scale with significant continued growth opportunities and strong potential to support a stand‐alone development. To have achieved a massive 250% increase in the resource at a discovery cost of an extremely low $7.20 per gold equivalent resource ounce is a credit to the entire Antipa team. |
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