Antipa Minerals locates more high-grade gold and copper ahead of resource update at 2.3Moz Minyari Dome

Antipa plans to integrate latest Minyari Dome assays into a resource update in Q1 after hitting high grade gold and copper.

Antipa continues to find more gold at Minyari Dome, with further drilling planned for GEO-01 Main Zone, Fiama, Minella, and Minyari Southeast deposits. Pic: Getty Images

• Antipa reports high-grade gold and copper assays at Minyari Dome

• Results expected to inform project resource update this quarter

• Company working towards a pre-feasibility study (PFS) for 2025

 

Special Report: Antipa Minerals has reported multiple high-grade gold and copper assays – including up to 51m at 2.7g/t gold and 0.4% copper – at its Minyari Dome Project in WA.

The drilling targeted increasing the existing 2.3Moz gold, 84,000t copper, 661,000oz silver, and 13,000t cobalt resource.

And it looks like the Phase 2 programme, which finished late last year, has returned the goods, confirming the discovery of additional new zones of near-surface, high-grade gold and copper at the GEO-01 Main Zone and Fiama.

To cap it off, the campaign also revealed significant gold-copper-silver-cobalt intersections within the main Minyari deposit.

Notable intersections include:

• 51m at 2.7g/t gold, 0.39% copper and 1g/t silver from 396m down hole (Minyari deposit)
• 6m at 1.3g/t gold and 0.06% copper from 86m down hole, including 11m at 3.3g/t gold from 93m down hole (GEO-01)
• 25m at 0.9g/t gold and 0.04% copper from 119m down hole, including 2m at 10.3g/t gold and 0.12% copper from 130m down hole (Fiama)

Antipa Minerals (ASX:AZY) says mineralisation remains open across multiple GEO-01 Main Zone lodes, Fiama, Minella, GEO-01 Central, Minyari South, and Minyari Southeast, offering significant resource growth potential.

Map of the southern region of Minyari Dome showing the 2024 scoping study open pit designs and recent drill results. Pic: AZY

Results to inform resource update and PFS

The Company plans to complete an updated resource incorporating the Phase 2 drill results in Q1 CY2025.

“The third batch of assay results from CY2024 Phase 2 drilling continues to deliver exceptional outcomes and builds on the already stellar results returned in earlier batches of the programme,” AZY Managing Director Roger Mason said.

“Much of the new mineralisation discovered begins from near surface, and, importantly, in many instances, remains open at depth.”

“This highlights the immense potential for further resource expansion at the Minyari Dome Project.”

Not to mention, the mineralisation is gold- and copper-dominant, with additional valuable credits likely to be available from the strong silver and cobalt grades, serving to further enhance the economic appeal of Antipa’s Project.

Samples were also collected for metallurgical analysis to support future pre-feasibility studies which are expected to be completed this year.

“Planning for CY2025 drilling is well advanced, and field activities are set to commence this quarter, providing further opportunities to grow the Minyari Dome Mineral Resource base and unlock its full potential.” Mason said.

“In parallel, we have advanced various technical workstreams to enable refinement and progress on the development opportunity at the Minyari Dome Project, and we expect to formally begin an advanced economic study shortly.”

Future drilling is planned for H1 CY2025 at the GEO-01 Main Zone, Minella, and Minyari Southeast deposits.

AZY’s Minyari Dome is among the largest gold and base metals deposits in WA’s famous Paterson Province, where recent M&A activity, including Greatland Gold’s US$475m purchase of Newmont’s Telfer mine and underutilised massive 22Mtpa gold-copper-silver processing plant and Sumitomo’s US$399m purchase of 30% of Rio Tinto’s Winu gold-copper-silver project, has investors closely trained on the region and Antipa’s progress.

This article was developed in collaboration with Antipa Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.