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Antipa Minerals Commences Drilling at Minyari Dome

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) has begun diamond and air core drilling programs at the company’s wholly-owned Minyari Dome project in the Paterson Province of Western Australia.

Antipa Minerals anticipates completing up to 3,800 metres of diamond drilling with the aim of potentially increasing the size and grade of both the Minyari and WACA deposits, which combined host high‐grade JORC 2012 Mineral Resource Estimates (MREs) of 732,000 ounces gold at 2 grams per tonne and 26,000 tonnes of copper at 0.24 per cent.

A 3,000m program of air core drilling will test the potential of 2019 GAIP Survey chargeability (and resistivity) high priority targets, potentially related to gold and copper sulphide bearing mineral systems.

Targets within the areas of interest have had limited to no prior direct drill testing.

While the diamond drill rig is at the Minyari Dome project, Antipa will take the opportunity to also drill test the Judes copper, silver and gold deposit, to evaluate the style and shoot controls for the previously identified high‐grade mineralisation, which remains open down dip/plunge, along strike and potentially across strike.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.antipaminerals.com.au

 

Antipa Minerals Highlights New Havieron-Style Gold-Copper Targets

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) reported results from an aerial electromagnetic (AEM) geophysical survey completed on the company’s Wilki Farm-in project within the Paterson Province of Western Australia.

The survey was completed by Antipa’s Farm-in partner Newcrest and is part of the Wilki 2020 Exploration Program that consists of two phases of greenfield exploration to be operated by Antipa and fully-funded by Newcrest Operations Limited.

Under the terms of the Wilki Project Farm-in Agreement, Newcrest is required to fund a minimum of $6 million of exploration expenditure, inclusive of management fees, within two years.

The survey identified three high priority preliminary targets situated within 10 to 44 kilometres of high-grade the Havieron gold-copper deposit and the Telfer gold-copper mine and processing facility.

According to Antipa, some targets have similar characteristics to high-grade Havieron gold-copper deposit.

Drill testing of identified AEM and magnetic targets is planned to commence in October while the exploration program continues charged with the aim of discovering similar style mineralised systems to nearby Telfer, Havieron, Winu and Nifty deposits.

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@antipaminerals.com.au

 

Web: www.antipaminerals.com.au

 

Antipa Minerals Well-Positioned For Exploration Triumph

THE DRILL SERGEANT: Few junior explorers can claim a list of heavyweight partners like Antipa Minerals (ASX: AZY).

Antipa Minerals first lured a big name to join its hunt for giant deposits in Western Australia’s Paterson Province in 2015 when it struck a $60 million farm-in agreement with Rio Tinto on its Citadel project.

Since then, interest in the Paterson has exploded with Rio’s Winu copper find and Greatland Gold’s Havieron gold discovery, and Antipa has lined up two more top-class partners for other parts of its extensive landholding in the region.

In February this year, Newcrest Mining, entered a farm-in agreement over 2,180 square kilometres of ground held by Antipa that surrounds its Telfer gold operation, the largest mine in the Paterson.

Newcrest, which is keen to find new sources of ore to keep Telfer running beyond 2023 when current reserves are due to run out, can earn 75 per cent of the Wilki project, as it has been dubbed, by spending $60 million over eight years.

Antipa followed up the Newcrest deal by signing a third major farm-in agreement, this time with $3 billion gold and base metals producer IGO Ltd, at the start of this month.

Under this agreement, IGO can earn a 70 per cent interest in 1,563sqkm of tenements held by Antipa by spending $30 million over 6.5 years, with a requirement to spend at least $4 million in the first 2.5 years.

While the partners have the right to pull out after reaching certain expenditure milestones as is typical in mining industry farm-ins, Antipa could ultimately be free carried for a whopping $150 million of exploration expenditure if the agreements are all seen through to their conclusions.

The company also retains 100 per cent ownership of 144sqkm of ground in the Paterson that includes established gold-copper resources at Minyari-WACA (723,340 ounces of gold and 26,390 tonnes of copper).

In conjunction with the farm-in agreements, both Newcrest and IGO took positions on the Antipa register through share placements (Newcrest 9.9%, IGO 4.9%).

These placements have ensured Antipa is well funded to continue exploration on its 100 per cent-owned ground, study development scenarios and potentially look at new opportunities.

The company listed on the ASX in 2011 with its main asset being a package of tenements in the Paterson acquired from Centaurus Metals.

At that time, the region was far from the fashionable address for mineral exploration it is today.

But there was a recognition among board and management that it had the potential to host world-class deposits such as Telfer, which had a pre-mining endowment of 32 million ounces of gold and 1 million tonnes of copper.

They went on to assemble a commanding landholding of more than 5,000sqkm by acquiring additional ground from the likes of Paladin Energy and legendary WA prospector Mark Creasy.

The strategy has proven to be prescient with recent developments.

 

Antipa Minerals is presenting at the M+C Partners/Vertical Events Gold ‘n Brews Seminar.

RSVPs are required to attend this free event. To do so CLICK HERE.

THE DAILY ROADHOUSE 18/2/20

 

Middle Island Resources Grabs More Barkly IOCG Ground

THE BOURSE WHISPERER: Middle Island Resources (ASX: MDI) has been allocated between 19 per cent and 95 per cent of each of four competing exploration licence applications, located within the newly available IOCG-prospective former Barkly moratorium area of the Northern Territory.

Bellevue Gold Drilling Results to Contribute to Resources Update

THE DRILL SERGEANT: Bellevue Gold (ASX; BGL) released the latest high-grade infill drill results that are expected to further underpin a maiden Indicated Resource at the company’s Bellevue gold project in Western Australia.

Antipa Minerals and Rio Tinto JV Identifies New Targets at Citadel

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) is advancing its exploration activities at the company’s Citadel project in the Paterson Province of Western Australia.

Alicanto Minerals Intersects Wide Zones of Swedish Mineralisation

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has hit more than 60 metres of strong alteration and disseminated sulphides including chalcopyrite and pyrite with the first diamond core drill hole of a maiden multi-hole drill program at the company’s 100 per cent-owned Wolf Mountain project in Sweden.

 

Antipa Minerals and Rio Tinto JV Identifies New Targets at Citadel

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) is advancing its exploration activities at the company’s Citadel project in the Paterson Province of Western Australia.

Antipa Minerals’ Citadel project sits 80 kilometes north of Newcrest’s Telfer gold‐copper‐silver mine and within five kilometres of Rio Tinto’s recent Winu copper‐gold deposit.

Exploration at Citadel is being fully funded by Rio Tinto Exploration Pty Limited pursuant to a Farm‐in and Joint Venture Agreement.

A 2019 Gradient Array Induced Polarisation survey undertaken at the Citadel project JV with Rio Tinto identified six new greenfield gold‐ copper targets that the JV proposes to be drill tested in 2020.

These new targets are all located within 30 to 40km of Rio Tinto’s Winu copper‐gold‐silver deposit within a similar geological setting.

Citadel currently hosts a global Mineral Resource of 63.8 million tonnes at 0.8 grams per tonne gold and 0.2 per cent copper for 1.6 million ounces of gold and 127,000 tonnes copper.

Results from an Airborne gravity survey over the Citadel project are expected to hit the Antipa desktop in March.

As for now, Rio Tinto is moving ahead with the next stage of the Citadel project earn‐in whereby it can increase its interest to 65 per cent by sole funding $14 million in exploration expenditure.

nder the terms of the Farm-in Agreement, Rio Tinto may spend an additional $14 million within five years to increase its interest in the Citadel JV from 51 per cent to 65 per cent.

Subject to Rio Tinto earning the 65 per cent interest in the JV and Antipa then electing not to contribute to expenditure to maintain its 35 per cent interest, Rio Tinto has the ability to increase its interest to 75 per cent by sole funding a further $35 million within a further three years with the total of Rio Tinto’s sole funding potentially being $60 million.

 

Web: www.antipaminerals.com.au

 

THE DAILY ROADHOUSE

 

Alicanto Minerals Hits Big Gold Numbers at Arakaka

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) released a whack of high-grade gold results from a diamond drilling program recently completed at the company’s 100 per cent-owned Arakaka gold project in northwest Guyana, South America.

Gateway Mining Expands Whistler Gold Footprint

THE DRILL SERGEANT: Gateway Mining (ASX: GML) reported results from a recently completed reverse circulation (RC) drilling program around the Whistler gold deposit, within the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Trigg Mining Expands Lake Rason System

THE DRILL SERGEANT: Trigg Mining (ASX: TMG) announced it has received results of drilling carried out in December 2019 over the company’s Laverton Links sulphate of potash (SOP) project in Western Australia.

Antipa Minerals Welcomes Continued Rio Tinto Interest at Citadel

THE BOURSE WHISPERER: Antipa Minerals (ASX: AZY) reported that Rio Tinto Exploration Pty Limited has elected to proceed with the next earn-in stage into Antipa’s Citadel project which is located immediately adjacent to Rio Tinto’s Winu project in the Paterson Province in Western Australia.

Magmatic Resources Defines Large Porphyry Target at Lady Ilse

THE DRILL SERGEANT: Magmatic Resources (ASX: MAG) has completed an advanced MIMDAS geophysical survey at the Lady Ilse prospect, located within the company’s 100 per cent-owned Wellington North project in Western Australia.

Antipa Minerals Welcomes Continued Rio Tinto Interest at Citadel

THE BOURSE WHISPERER: Antipa Minerals (ASX: AZY) reported that Rio Tinto Exploration Pty Limited has elected to proceed with the next earn-in stage into Antipa’s Citadel project which is located immediately adjacent to Rio Tinto’s Winu project in the Paterson Province in Western Australia.

Antipa Minerals explained that Rio Tinto recently earned an initial 51 per cent interest in Citadel having sole funded $11 million of exploration expenditure from when the Citadel project Farm-in Agreement was originally signed with Antipa.

The passing of the expenditure milestone triggered the formation of the Citadel Joint Venture between the two parties.

Under the terms of the Farm-in Agreement, Rio Tinto may spend an additional $14 million to increase its interest in the Citadel JV to 65 per cent.

Rio Tinto has informed Antipa that it will move forward into this second stage, however the original period in which this additional amount was to be spent was three years, and now the parties have agreed that this will be extended to five years to allow for an orderly completion of exploration activities.

Antipa anticipates Rio Tinto will commit to an exploration program in excess of $2 million in the 2020 calendar year, with field activities currently planned to commence in April.

“We are very pleased that Rio Tinto has decided to continue to sole fund exploration on the Citadel tenements and we look forward to extending what has been a very rewarding partnership to date,” Antipa Minerals executive chairman Stephen Power said in the company’s announcement to the Australian Securities Exchange.

“The Calibre and Magnum resources within Citadel have significant potential for further growth which, together with the regional exploration targets, establishes excellent growth prospects for the company.”

The Citadel project sits beneath shallow cover and hosts a global Mineral Resource of 63.8 million tonnes at 0.8 grams per tonne gold and 0.2 per cent copper for 1.6 million ounces of gold and 127,000 tonnes of copper.

The resource is split over two deposits, Calibre (47.7Mt at 0.9g/t gold and 0.15% copper for 1.3Moz gold and 69,500t copper) and Magnum (16.1Mt at 0.7 g/t gold and 0.37% copper for 339,000oz gold and 57,800t copper), both within 45km of Rio Tinto’s Winu copper-gold-silver deposit.

 

Web: www.antipaminerals.com.au

 

Antipa Minerals Welcomes Rio Tinto as JV Partner

THE BOURSE WHISPERER: Antipa Minerals (ASX: AZY) informed the market that Rio Tinto (ASX: RIO) has earned an initial 51 per cent interest in the Citadel project in Western Australia.

Antipa Minerals explained that Rio had reached the 51 per cent milestone by way of sole funding $11 million of exploration expenditure on the project and that a Joint Venture has now been struck between the two companies.

The Citadel project comprises a 1,330 square kilometre tenement package located in the prospective Paterson Province in northern WA, 80 kilometres north of Newcrest’s Telfer gold‐copper‐silver mine and 5km east of Rio Tinto’s Winu copper‐gold‐silver deposit.

The project hosts a global Mineral Resource of 63.8 million tonnes at 0.8 grams per tonne gold and 0.2 per cent copper for 1.6 million ounces of gold and 127,000 tonnes of copper.

Under the terms of the Citadel Project Farm-in Agreement, Rio Tinto has now assumed operatorship of the Citadel JV and has until 30 January 2020 to elect whether to sole fund an additional $14 million of exploration expenditure within three years to increase its interest in the JV to 65 per cent.

Rio Tinto also has the ability to earn up to a 75 per cent interest in the Citadel Joint Venture by sole funding a further $35 million within a further three years.

 

Web: www.antipaminerals.com.au

 

THE DAILY ROADHOUSE

 

Antipa Minerals Drills Mineralised Extensions at Calibre Rio Tinto JV

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) advised of progress from the exploration program that is underway at the Citadel project Rio Tinto Farm‐in and Joint Venture in the Paterson Province of Western Australia.

Meteoric Resources Raises $7M to Accelerate Brazilian Exploration

THE BOURSE WHISPERER: Meteoric Resources (ASX: MEI) has received firm commitments to raise $7 million by way of the placement of 140 million new shares to sophisticated and professional investors at five cents per share.

Gateway Mining Expands Gidgee Gold Project Drilling Program

THE DRILL SERGEANT: Gateway Mining (ASX: GML) is progressing with an ongoing Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Gidgee gold project in Western Australia.

St George Hits More Mt Alexander Nickel-Copper Sulphides

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has encountered further thick intercepts of high-grade mineralisation from drilling of deeper EM conductors at the company’s Mt Alexander project in the north-eastern Goldfields of Western Australia.

 

Antipa Minerals Drills Mineralised Extensions at Calibre Rio Tinto JV

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) advised of progress from the exploration program that is underway at the Citadel project Rio Tinto Farm‐in and Joint Venture in the Paterson Province of Western Australia.

The Citadel project enjoyed a budget of $3.4 million that was fully-funded by Rio Tinto, allocated to the 2019 calendar year exploration program.

This has now been completed and included 6,842 metres of reverse circulation (RC) and diamond‐core (DD) drill testing of both brownfield and greenfield targets that included Calibre resource extension targets and aerial‐electromagnetic (AEM) conductivity anomalies and magnetic anomalies.

Antipa Minerals reported that the diamond drilling at the Calibre deposit intersected healthy widths of gold‐copper‐ silver mineralisation well beyond the limits of the existing 47.7 million tonnes at 0.85 grams per tonne gold gold, 0.15 per cent copper and 0.48g/t silver for 1.3 million ounces of gold, 69,555 tonnes of copper and 0.73 million ounces of silver Mineral Resource located 45 kilometres east of Rio Tinto’s Winu copper‐gold‐silver deposit.

Aassay results for the first diamond drill hole (19CED0009) include:

163.9m at 0.6g/t gold and 0.04 per cent copper from 303.1m down hole, including 26m at 1.11g/t gold and 0.05 per cent copper from 429m and 0.47m at 14.45g/t gold, 0.64 per cent copper and 4.69g/t silver from 310m; and

19.8m at 0.62g/t gold and 0.07 per cent copper from 198.7m down hole.

“Antipa’s Paterson Province dual exploration strategy strives to deliver both greenfield discoveries and increase brownfield gold and/or copper resources during 2019,” Antipa Minerals said in its ASX announcement.

“The recently completed 2019 Calibre drilling program evaluated the potential for a material increase in the existing Mineral Resource.

“Assay results received for the first DD hole confirm significant gold‐copper mineralisation 200 metres beyond the limits of the current Mineral Resource.”

 

Web: www.antipaminerals.com.au