Antipa Minerals Limited (ASX:AZY) Resource Update

Antipa Minerals Limited (ASX:AZY) has reported a significant 33% increase in the Mineral Resource estimate (MRE) for its Minyari Dome Gold-Copper Project in Western Australia. The updated MRE now comprises 2.3 million ounces of gold, 83,500 tonnes of copper, 661,000 ounces of silver, and 13,000 tonnes of cobalt. This upgrade in Resource confidence includes a 53% upgrade of material, with 68% now residing in the Indicated Resource category. The company is well-funded to progress the project through advanced studies towards a mine development decision.

Executive Commentary

Antipa Minerals Ltd (AZY) has undertaken parent cell estimation by Ordinary Kriging at Minyari, Sundown, and GEO-01 using Datamine Studio RM software. The estimation of gold, copper, silver, cobalt, arsenic, and sulfur into individual lodes employed a three-pass estimation strategy and applied search parameters determined by variographic analysis and Kriging Neighbourhood Analysis (KNA). The Mineral Resource has been classified following the guidelines of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 (the JORC Code). The company is focused on identifying and unlocking the full potential of the highly prospective Paterson Province of Western Australia, which offers significant opportunities for profitable mining operations.

Summary of Announcement

Antipa Minerals Limited (AZY) has announced a substantial 33% increase in the Mineral Resource estimate for its Minyari Dome Gold-Copper Project. The updated MRE now comprises 2.3 million ounces of gold, 83,500 tonnes of copper, 661,000 ounces of silver, and 13,000 tonnes of cobalt, with 68% now residing in the Indicated Resource category. The company is committed to expanding the resource base through continued exploration at the GEO-01 and Minyari extensional targets, along with other nearby prospects. Antipa is preparing an update to the August 2022 Scoping Study to re-evaluate the project's economic potential, development hurdles, and financing opportunities, with a current reflection of the prevailing gold market conditions. The company's exploration and advancement programs remain focused on identifying and unlocking the full potential of the region, which offers significant opportunities for profitable mining operations. The company's tenement granted holding covers over 5,100km2 and hosts attributable Mineral Resources of 3.3Moz of gold, 139kt of copper, and 1.3Moz of silver. Antipa is pursuing an aggressive drilling program this year, targeting substantial and rapid growth to the existing gold-copper resources at Minyari Dome, delivering strong further value enhancement to the existing development opportunity, and making new significant gold-copper discoveries.