Antipa Minerals Limited announced that it intends to significantly expand the planned 2023 exploration activities at its 100%-owned, 877km2 Minyari Dome Project in Western Australia's Paterson Province. Based on the recently completed analysis of the H2 CY2022 Phase 2 greenfield drilling at Minyari Dome, Antipa is of the view that the two targets immediately north of Minyari plus the GEO-01 soil/air core target, combined with other high-priority regional targets worked up to drill-ready status, warrant a more aggressive exploration focus this year than previously envisaged. This enlarged 2023 exploration programme at Minyari Dome is now set to comprise up to a 12,000 metre drill programme which will focus on new resource growth opportunities with the ability to enhance the project development opportunity.

Drilling is expected to commence in May. To allow the 2023 drilling programme results to be included into the Pre-Feasibility Study (PFS) as well as to ensure the Company has sufficient funding for the expanded exploration activities at Minyari Dome this year, Antipa has elected to pause the current PFS workstreams on the Minyari Dome Project. Progress on these workstreams has affirmed the general technical and economic parameters presented in the Scoping Study completed in August 2022.

Antipa expects to recommence the PFS programme in early 2024, incorporating all results from 2023 drilling activities into the PFS programme. The Minyari Dome Project is located within 35km of Newcrest Mining's Telfer gold-copper-silver mine and mineral processing facility and 54km along strike from Newcrest-Greatland Gold's Havieron gold-copper development project. The Minyari Dome Project calendar year 2023 Exploration Programme, encompasses the following principal growth orientated activities: Growth drilling programme consisting of up to 12,000m, including 6,000m of reverse circulation (RC), 5,000m of air core (AC) and 1,000m of diamond core drilling, planned to commence in May and designed to: Deliver a maiden Minyari North gold-copper resource; Test the revised Minyari Plunge gold-copper target position; Test the large-scale, 2022 AC defined, GEO-01 gold-copper target; Provide preliminary testing of several other targets including Chicane; and Test high-priority greenfield target areas.

Soil geochemical sampling programme to identify new greenfield gold-copper targets; and Ongoing Minyari Dome Pre-feasibility Study workstreams mainly limited to desktop study components. Consistent with previous years, the CY2023 exploration programme and budget will be subject to ongoing review based on results, field conditions, contractor availability and pricing, and other relevant matters.