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    AZY   AU000000AZY0

ANTIPA MINERALS LIMITED

(AZY)
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ANTIPA MINERALS LTD - FURTHER SIGNIFICANT GREENFIELD GOLD-COPPER DISCOVERIES AT 100% OWNED MINYARI DOME PROJECT

11/29/2021 | 08:53am EST

Antipa Minerals Limited (ASX: AZY) (Antipa or the Company) is pleased to announce the discovery of multiple zones of new gold-copper mineralisation on its 100% owned, 144km2 Minyari Dome Project in Western Australia's Paterson Province.

The Project is located within 35km of Newcrest Mining's (Newcrest) Telfer gold-copper-silver mine and mineral processing facility and 54km along strike from Newcrest-Greatland Gold's Havieron gold-copper development project

Antipa's Managing Director, Roger Mason, said: 'The increasing cache of greenfield discoveries within close proximity to the Minyari and WACA deposits demonstrates the significant exploration and resource growth potential within the Company's 100% Minyari Dome Project. The Company's recently completed 11,000 metre 2021 greenfield RC drill programme tested 14 targets and has delivered four discoveries (assay results available) with significant sulphide mineralisation intersected at another four targets (assay results pending). The Minyari Dome area is showing signs of camp style potential with multiple mineral systems developed around one or more causative intrusions.'

About Antipa Minerals

Antipa is a mineral exploration company focused on the Paterson Province in north-west Western Australia, home to Newcrest Mining's world-class Telfer gold-copper mine, Rio Tinto's Winu copper-gold deposit, Greatland Gold-Newcrest's recent Havieron gold-copper discovery and other significant mineral deposits. Having first entered the Paterson in 2011 when it was a less sought-after exploration address, the Company has used its early mover advantage to build an enviable tenement holding of 5,200km2 , including the 1,300km2 Citadel Joint Venture Project with Rio Tinto (who currently holds a 65% joint venture interest), the 2,200km2 Wilki Project that is subject to a $60 million Farm-in and Joint Venture Agreement with Newcrest (who is yet to earn a joint venture interest) and the 1,500km2 Paterson Project that is subject to a $30 million Farm-in and Joint Venture Agreement with IGO (who is yet to earn a joint venture interest). The Citadel Project lies within 5km of the Winu deposit and contains a Mineral Resource of 2.4 million ounces of gold and 162,000 tonnes of copper from two deposits, Calibre and Magnum. Antipa retains 144km2 of 100%-owned Minyari Dome Project tenements which contains an established Mineral Resource, with the Minyari and WACA deposits containing 723,000 ounces of gold and 26,000 tonnes of copper plus other deposits and high quality exploration targets. Unlike certain parts of the Paterson where the post mineralisation (younger) cover can be kilometres thick, making for difficult exploration, the Company's combined 5,200km2 tenement portfolio features relatively shallow cover; approximately 80% being under less than 80 metres of cover. Extensive drilling and geophysical surveys are planned for 2021 across Antipa's combined Paterson tenement portfolio as the company pursues a dual strategy of targeting tier-one greenfields discoveries and growing its existing resources through brownfields exploration.

This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Antipa Mineral Ltd's planned exploration programme and other statements that are not historical facts. When used in this document, the words such as 'could,' 'plan,' 'estimate,' 'expect,' 'intend,' 'may,' 'potential,' 'should,' and similar expressions are forward-looking statements. Although Antipa Minerals Ltd believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

Contact:

Tel: +61 8 9481 1103

Email: admin@antipaminerals.com.au

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ANTIPA MINERALS LIMITED 2.13% 0.048 Delayed Quote.-4.08%
NEWCREST MINING LIMITED -0.78% 24.22 Delayed Quote.-0.29%
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Financials
Sales 2021 0,76 M 0,54 M 0,54 M
Net income 2021 -3,56 M -2,56 M -2,56 M
Net cash 2021 33,1 M 23,8 M 23,8 M
P/E ratio 2021 -29,7x
Yield 2021 -
Capitalization 148 M 106 M 106 M
EV / Sales 2020 82,2x
EV / Sales 2021 126x
Nbr of Employees 21
Free-Float 73,2%
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Managers and Directors
Roger Craig Mason Managing Director & Executive Director
Luke Watson Chief Financial Officer & Secretary
Stephen Michael Power Non-Executive Chairman
Peter Stanley Buck Independent Non-Executive Director
Gary Donald Johnson Independent Non-Executive Director
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