THE BOURSE WHISPERER: Antipa Minerals (ASX: AZY) has swallowed up ground that used to belong to Newcrest Mining Limited in Western Australia.
In January 2015 Newcrest Mining relinquished mining leases M45/247 and M45/248.
These are located approximately 40 kilometres north of the Telfer gold mine and mineral processing facility, and within Antipa Minerals’ North Telfer project area.
Antipa subsequently applied for amalgamation of this ground within its existing exploration licenses, which have now been granted.
“The company is in the process of concluding its technical review and validation of the historic data and expects to be in a position to update the market shortly,” Antipa Minerals said in its ASX announcement.
The North Telfer project covers approximately 1,300 square kilometres of granted mineral exploration licences adjoining its current Citadel project landholding and extending south to within 20km and 30km of Newcrest’s Telfer gold-copper-silver mine and O’Callaghans tungsten and base metal deposit respectively.