Antipa Minerals Ltd (ASX: AZY) (Antipa or the Company) is pleased to announce the identification of an exciting new, very large coherent gold and pathfinder anomaly located just 10 km northeast of Newmont's giant Telfer gold-copper-silver mine.
The Company also provides a summary of CY2023 exploration programmes for its partnered gold-copper major growth projects in the Paterson Province of Western Australia. A steady pipeline of assay results for partnered projects are expected over the coming months, which will be incorporated into planning for the CY2024 exploration programmes
Highlights
Wilki Farm-in Project (100% AZY, Newmont Farm-in) New, very large 3km long by up to 1.5km wide gold target known as Parklands identified.W Peak surface geochemical sample lag result of 1.52 g/t gold with multiple results/ > 0.1 g/t gold. Located just 10km northeast of Telfer gold-copper-silver mine under shallow cover./ Favourable gold mineralisation anticlinal trap site situated on a northeast trending structure, which intersects Telfer. Additional surface sampling required to potentially expand Parklands footprint.l Follow up drilling programme currently in development. Programme budget fully funded and operated by Newmont1. Citadel Joint Venture Project (33% AZY, 67% Rio Tinto JV) Thirteen holes for 1,943m of reverse circulation (RC) drilling completed at Rimfire Southwest and Junction targets, with low-grade copper mineralisation intersected at Rimfire Southwest. Programme spend of A$2.1 million funded entirely by Rio Tinto2 and operated by Antipa. Antipa joint venture interest to dilute from 32.6% to 31.6% (at Antipa's election, upon CY2023o programme completion and assuming entire budgeted amount is spent). Paterson Farm-in Project (100% AZY, IGO Farm-in) Approximately 6,600m of the planned 9,000m FY2024 drill programme complete, comprising: 1,492m diamond core drilling - assays pending; 1,423m RC drilling - assays pending and 3,708m air core drilling - assays pending. Ongoing target generation activities being undertaken in conjunction with drilling. Programme budget of A$4.2 million fully funded and operated by IGO3i. Drilling scheduled to recommence Q2 CY2024.
Antipa's Managing Director, Roger Mason commented 'One of the highly favourable characteristics of our tenure is the shallow depth of cover, which is just enough to conceal, yet still enables detection (via geophysics and soil sampling) of potentially world-class gold- copper deposits. Recent geochemical sample results at Wilki enabled us to identify a new, very-large gold anomaly proximate to Newmont's giant Telfer gold-copper-silver mine and processing facility. Lag samples returned strongly anomalous gold results, up to 1.52 g/t, which are coincident with other pathfinder anomalism and show a strong correlation with obvious structures and interpreted alteration in the aeromagnetic data. We are very excited by the opportunity at Parklands, which provides another highimpact exploration target which has the potential to grow further in scale from an already impressive size.'
Wilki Farm-in Project (100% AZY, Newmont Farm-in) Exploration Programme
The FY2024 exploration programme currently envisages approximately 2,300m of RC and/or air core drilling and will be operated by Newmont. A large-scale airborne gravity gradiometer (AGG) geophysical survey Surface Geochemical Sampling Programme The first tranche (134 samples) of the large-scale surface geochemical sampling programme (current plan involves approximately 4,000 samples) has identified an exciting new gold target, to be known as Parklands, located just 10km northeast of Newmont's giant Telfer gold-copper-silver mine and 22Mtpa processing facility, and 6km along a northwest trend from several known gold deposits. Key characteristics of the Parklands target include: Very large 3km long by up to 1.5km wide, coherent gold and mineral system pathfindera (bismuth, tungsten, cobalt, sulphur, antimony, tin and selenium) surface geochemical anomaly; Peak surface geochemical sample lag result 1.52 g/t gold, with multiple results/ > 0.1 g/t gold; Favourable mineralisation fluid anticlinal trap site, with fluid conduit plumbing including a/ northeast trending structure which intersects Telfer and local thrust faulting concentrated in the fold nose; Shallow cover, predominantly less than 20m and Anomaly open to the southeast, northwest and north. Additional surface sampling will be required to further extend the coverage, and potentially increase the size of the Parklands anomaly, followed by drill testing of the anomaly. Consistent with previous years, the FY2024 exploration programme and budget will be subject to ongoing review based on results, field conditions, contractor availability and pricing and other relevant matters.
Citadel JV Project (33% AZY, 67% Rio Tinto) Exploration Programme
The A$2.1 million CY2023 exploration programme spend is fully funded by Rio Tinto and operated by Antipa. The Rimfire Southwest target is an interpreted synformal fold hinge, with RC drilling intersecting metasediment and amphibolite lithologies hosting several zones of low-grade copper mineralisation. No significant mineralisation was intersected at Junction. Antipa joint venture interest to dilute from 32.6% to 31.6% at Antipa's election, upon CY2023 programme completion and assuming entire budgeted amount is spent.
Paterson Farm-in Project (100% AZY, IGO Farm-in) Exploration Programme
The FY2024 programme saw the commencement of direct drill testing of high-priority gold-copper targets generated by regional style exploration activities undertaken over the past three-years. The programme is operated by IGO and is planned to comprise up to 9,000m total drilling. Assay results are pending for the 6,623m of the programme completed to date: Completed 1,423m diamond core drilling (co-funded by a WA Government EIS A$210kT drilling grant) testing two intrusion related Havieron analogue magnetic targets located 15km along strike from Rio Tinto's 2.9Mt copper, 7.9Moz gold and 51Moz silver Winu deposit; Commenced the planned 2,100m RC drill programme designed to test two co-incidentH magnetic-gravity high Havieron analogue targets 11 to 25km from Minyari. Two RC holes were completed for 488m which partially tested the PP-GRAV02 target; Completed 935m of the planned 1,500m RC drilling to test several targets 10 to 13km along strike from Winu, including airborne electromagnetic (AEM) conductivity target, known as Collie. Drilling difficulties in the cover prevented an effective test of the Collie target and Completed 3,708m of air core drilling testing high-priority geophysical and geochemicale targets located between 15 to 25km from Minyari. Target generation activities at the Paterson Farm-in Project include: a complete large-scale hydrochemistry sampling programme which is awaiting assays;; geological mapping of large areas completed and ongoing project scale interpretation, data modelling and target generation. Planned FY2024 exploration at the Paterson Farm-in Project is budgeted for A$4.2 million and will be fully funded by IGO as part of the existing A$30 million farm-in agreement. Activities form part of an ongoing exploration programme with an emphasis on a greenfield discovery at Nifty, Winu, Telfer and Havieron analogue targets. Drilling is scheduled to recommence during Q2 CY2024. Consistent with previous years, the FY2024 exploration programme and budget will be subject to ongoing review based on results, field conditions, contractor availability and pricing, and other relevant matters.
Contact:
Roger Mason Mark Rodda Michael Vaughan
Managing Director Executive Director Media Relations
Tel: +61 (0)8 9481 1103
ANTIPA MINERALS LIMITED 
