USD $4,111.97
Goldman Copper and silver resources also significantly upgraded
Antipa Minerals Limited (ASX: AZY) has announced an updated Mineral Resource Estimate (MRE) for its 100%-owned Minyari Dome Gold-Copper Project in the Paterson Province of Western Australia. The updated MRE includes a 33% increase in contained gold, taking the total gold resource to 2.3 million ounces, alongside notable upgrades in copper, silver, and cobalt.
Key highlights from the Minyari Project MRE include:
- 47.6Mt at 1.51 g/t gold, 0.18% copper, 0.43 g/t silver, and 0.03% cobalt for:
- 2.3Moz of gold, 84kt of copper, 661koz of silver, and 13kt of cobalt
- 2.9Moz gold equivalent (Aueq) at 1.90 g/t Aueq
- 32.2Mt at 1.60 g/t gold, 0.20% copper, 0.52 g/t silver, and 0.03% cobalt for:
- 1.7Moz of gold, 64kt of copper, 534koz of silver, and 10kt of cobalt
- Maiden MRE for the GEO-01 deposit of 6.7Mt at 0.70 g/t gold for 151koz of gold
The new resource builds on the strategic location of the Minyari Project, 35km from the Telfer gold-copper-silver mine and 50km from Greatland Gold Plc’s Havieron project.
Roger Mason, Managing Director, commented
We are delighted to announce this substantial update to the Mineral Resource estimate for our Minyari Project, which significantly enhances the value of what was already a highly attractive and strategically important development project. The update includes a 573,000-ounce increase in contained gold and provides greater geological confidence, with 68% of the total material now residing in the Indicated category. The project now hosts a sizeable 2.3-million-ounce gold-only Resource, with strong potential for future growth across multiple deposit areas.
With gold prices reaching all-time highs and market momentum remaining strong, the value of these newly defined ounces is more pronounced than ever. Recent corporate consolidation within the Paterson Province spotlights the region’s strategic importance as a world-class gold and copper district. This activity, combined with our own progress, underscores the opportunity for large-scale developments and strengthens our position within this highly prospective area.
We remain committed to further expanding our resource base through continued exploration at the GEO-01 and Minyari extensional targets, along with other nearby prospects, which are the focus of our upcoming drilling programme. We also look forward to providing an update to the August 2022 Scoping Study later this month, incorporating the updated resource and better reflecting prevailing gold market conditions.
Armed with a very strong balance sheet and with plenty of activity scheduled, we are excited about the months ahead as we continue to unlock the full potential of this exceptional asset.
