AZY - Antipa Minerals

[Garpal Gumnut]

RIO and a number of tiddlers incl. AZY showing interest in copper and possibly gold in adjacent areas in WA.

One to watch among small ones being used by RIO as JV's to disguise promising geology.

gg

 

[barney]

RIO and a number of tiddlers incl. AZY showing interest in copper and possibly gold in adjacent areas in WA.

One to watch among small ones being used by RIO as JV's to disguise promising geology.

gg

Yeah bit of pain in this one for me … I was an advocate of their tenements for many years but obviously got "bored" with management at the wrong time …… Tough working out the Kenny Rodgers indicator at this end of the market

 

[greggles]

Antipa Minerals has today announced the signing of a $60 million exploration farm-in and joint venture agreements with Newcrest for the southern portion of the Company’s 100%-owned ground in the Paterson Province of Western Australia. The area will now been known as the Wilki Project.

Key terms of the agreement include:

• Initial $6 million minimum exploration expenditure within 2 years to be managed by Antipa.
• Further $10 million exploration expenditure within 5 years of commencement to earn a 51% joint venture interest.
• Further $44 million exploration expenditure within 8 years of commencement to earn a 75% joint venture interest.
• Newcrest to acquire a 9.9% interest in Antipa by subscribing for $3.9 million in shares at 1.7 cents per share.
  
• Initial exploration activity for the Wilki Project to commence in the next 4-6 weeks and expected to include the following components:
  • Field reconnaissance programme including mapping and geochemical sampling
  • Aerial electromagnetics over areas not previously covered by AEM
  • Induced Polarisation survey to target prospects beneath cover
  • Reverse Circulation and diamond core drill programmes testing defined targets under cover, including deeper magnetic Havieron analogue anomalies
• Antipa retains 100% ownership of 1,700km² of highly prospective ground in the Paterson Province including existing gold-copper resources at Minyari-WACA and its recently discovered Reaper-Poblano-Serrano gold-copper trend.
• Following completion of the Share Placement, Antipa will remain well-funded to continue exploration of its 100%-owned ground.
• In addition, Rio Tinto Exploration Pty Ltd continues to fully fund the 1,300km² Citadel Project joint venture exploration activities.

Newcrest subscribing for shares at 1.7c is a nice outcome for AZY, especially considering the share price closed at 1.1c yesterday. Overall, I like the look of the deal and think that it will put a floor in the share price.

I reckon AZY is now a good bet for some solid gains in the coming months.

 

[barney]

I reckon AZY is now a good bet for some solid gains in the coming months.

Agree ….Held this for a long time based on their quality landholdings and eventually lost money given the SP downturn …….

Was a frustrating stock to own but if you have time on your side it should be hard to lose in the long run.

 

[greggles]

AZY has held up rather well during March all things considered. It started the month at 1.3c and is now at 1.2c. I have confidence that it will continue to hold up well during April and will hopefully make some gains as the market stabilises after the recent falls.

Newcrest now has a 9.9% stake in AZY at 1.7c and as I indicated in my previous post am of the view that this will limit downside risk. There should be some further new flow next month which will hopefully give the AZY share price a lift.

 

[Dona Ferentes]

RIO and a number of tiddlers incl. AZY showing interest in copper and possibly gold in adjacent areas in WA.
One to watch among small ones being used by RIO as JV's to disguise promising geology.

So, now JVs with NCM and RIO, plus IGO:

"The Winu maiden resource assessment is a significant milestone – and from AZY’s perspective this is excellent news. Having first entered the Paterson during 2011 when it was a much less sought-after exploration address, AZY used its early-mover advantage to build a strong tenement holding of ~5,200 sq km. The Winu project lies just to the west of AZY’s Citadel joint venture project with Rio Tinto".

 

[Dona Ferentes]

still got to come up with the goods:
(three year chart, daily)

 

[Dona Ferentes]

$13.8 MILLION 2021 EXPLORATION PROGRAMME APPROVED FOR RIO TINTO - ANTIPA CITADEL JOINT VENTURE PROJECT


Highlights
$13.8 million Citadel Joint Venture Project 2021 Exploration Programme agreed by Antipa and Rio Tinto Exploration Pty Limited

Program to include:
o Calibre Deposit update to existing Calibre Mineral Resource of 47.7Mt at 0.9 g/t gold and 0.15% copper for 1.3 Moz gold and 69.5kt tonnes of copper; o Preliminary metallurgical test-work and possible early stage project development options appraisal work in relation to the Calibre deposit;
o An 11,000m to 14,000m drill programme focused on the Magnum Dome area, hosting the Calibre, Magnum and Corker deposits, and Rimfire area together with other select regional targets, including Boxer;
o Continuation of Gradient Array Induced Polarisation (GAIP) survey programme across prospective structural corridors of Citadel tenements; and
o Processing and interpretation of GAIP and drill hole data to identify further priority target areas.

Drill programme and GAIP surveying and expected to recommence in March.

 

[Dona Ferentes]

nothing seems to be moving the AZY dial. Still bouncing along under 5c

Significant widths of gold-copper±silver mineralisation intersected in four reconnaissance RC holes which tested greenfield magnetic targets across 4.5km of the Rimfire area. Rimfire is located approximately 25km southeast of Rio Tinto’s Winu copper-gold-silver deposit .

Significant widths of gold-copper±silver mineralisation intersected, including substantial high-grade gold mineralisation outside the existing Calibre Mineral Resource boundaries. Calibre is located 45km east of Rio Tinto’s Winu copper-gold-silver deposit within a similar geological setting

 

[Dona Ferentes]

Drill results came out today. The market likes it and up 80% at close.

Highlights

• Diamond drilling at Minyari and WACA returns multiple high-grade gold and copper intersections with significant zones of gold-copper-silver-cobalt mineralisation intersected outside existing Mineral Resource boundaries
• Results analogous to Havieron gold-copper deposit – Mineralisation hosted by same lithologies with intrusion related hydrothermal alteration and sulphide breccias.
• Significant results from the six-hole programme include:
• 5.35m at 12.35 g/t gold and 0.06% copper from 311.65m down hole in 20MYD0192, including ...1.00m at 65.40 g/t gold and 0.25% copper from 316.00m
• 23.00m at 4.53 g/t gold, 0.41% copper and 1.04 g/t silver from 549.00m down hole in 20MYD0194, including: ... 2.05m at 32.53 g/t gold, 0.97% copper and 1.93 g/t silver from 549.95m,
• ... also including: ..... 35m at 141.00 g/t gold, 9.64% copper and 18.65 g/t silver from 549.95m
• 19.65m at 2.59 g/t gold, 0.44% copper and 1.47 g/t silver from 292.35m down hole in 20MYD0194, including .... 0.80m at 29.70 g/t gold, 5.79% copper and 19.70 g/t silver from 298.35m
• 5.25m at 5.16 g/t gold, 0.59% copper and 2.66 g/t silver from 390.40m down hole in 20MYD0192, including: ..... 1.60m at 12.55 g/t gold, 1.61% copper and 6.97 g/t silver from 390.40m
• 4.30m at 6.41 g/t gold, 0.71% copper and 2.36 g/t silver from 424.4m down hole in 20MYD0192
• 3.00m at 8.53 g/t gold, 1.01% copper and 2.90 g/t silver from 534.55m down hole in 20MYD0192, including: ..... 1.00m at 16.05 g/t gold, 1.87% copper and 4.83 g/t silver from 535.45m
• 5.45m at 4.87 g/t gold, 1.37% copper and 1.05 g/t silver from 223.55m down hole in 20MYD0196, including: .... 1.50m at 11.12 g/t gold, 1.62% copper and 1.11 g/t silver from 226.00m
• 8.45m at 3.51 g/t gold, 0.22% copper and 0.54 g/t silver from 198.60m down hole in 20MYD0193, including: .... 1.00m at 12.10 g/t gold, 0.17% copper and 0.90 g/t silver from 202.00m

.... Follow-up drilling program to commence in April

 

[barney]

Drill results came out today. The market likes it and up 80% at close.

This Stock has always presented a great case for a Spec play, so well done to anyone cashing in today (maybe tomorrow/into the future)

I'm a bit annoyed because previously I held on through thick and thin for well over 2 years waiting for something to happen before finally falling on my sword

Anyway, they have tenements in great positions with excellent JV's etc etc.

I lost ... who cares apart from me, lol (apparently 2-3 years is not patient enough lol)

Good luck to anyone who has timed the recent SP action. You deserve a win

ps Traders will see some potential here, so well worth some study for a short term trade if so inclined

 

[wabullfrog]

Recent good news delivered, share price bounce & now in a trading halt for cap raising.

Speculation on HC that it's for $20 Million at 4.2c per share

 

[Dona Ferentes]

CALIBRE GOLD RESOURCE INCREASES 62% TO 2.1 MILLION OZ OF GOLD + 103,700 TONNES of COPPER and 1.3 MILLION OZ of SILVER

RIO TINTO - ANTIPA CITADEL JOINT VENTURE PROJECT

Highlights

• Updated Calibre Inferred Mineral Resource increased by 62%:
• 2.1 million ounces of gold, 103,700 tonnes of copper and 1.3 million ounces of silver at 0.72 g/t gold and 0.11% copper
• 2.7 million gold-equivalent ounces from 92 million tonnes at 0.92 g/t gold equivalent
• The Calibre resource extends for approximately 1.8 kilometres and remains open along strike to the south, at depth and potentially across strike
• The existing Magnum Inferred Mineral Resource, located just 1.3km from Calibre, provides an additional 340,000 ounces of gold, 57,800 tonnes of copper and 511,000 ounces of silver and remains open at depth and along strike to both the north and south
• Potential for further resource growth with a Citadel JV CY2021 Exploration budget of $24.5 million, including further extensional drilling at both Calibre and Magnum

 

[Dona Ferentes]

Further 11 Minyari deposit drill hole assays return significant high-grade gold and copper (± silver and cobalt) intersections, including:

• 134.0m at 1.70 g/t gold and 0.30% copper from 212.0m down hole in 21MYC0233:
• 30.0m at 2.95 g/t gold and 0.14% copper from 149.0m down hole in 21MYC0235 (further results pending);
• 77.0m at 1.26 g/t gold, 0.41% copper and 1.10 g/t silver from 85.0m down hole in 21MYC0221;
• 44.0m at 1.49 g/t gold and 0.15% copper from 395.0m down hole in 21MYCD0220 (further results pending)
• 32.0m at 1.34 g/t gold and 0.19% copper from 55.0m down hole in 21MYC0227 (further results pending);
• 
  
• Results continue to extend the potential size of the Minyari resource and enhance the project development opportunity
• 37,620m of Resource definition, Resource extensional and brownfield plus greenfield discovery drilling at Minyari Dome completed – three drill rigs currently on site (awaiting assays for 28,370m)
• Drill programme further expanded to 45,000m

 

[Dona Ferentes]

FURTHER OUTSTANDING HIGH-GRADE GOLD RESULTS AT 100% OWNED MINYARI DEPOSIT

Antipa Minerals Limited is pleased to announce further assay results for the 2021 drill programme on its 100% owned, 144km2 Minyari Dome Project in Western Australia’s Paterson Province.

• 50 Minyari and WACA deposit drill hole assays return significant high-grade gold and copper (± silver and cobalt) extending the potential size of the Minyari and WACA resources
• Minyari drilling at depth confirms continuity of moderate northwest plunging “pipe” like thick high-grade breccia mineralisation which remains open at depth providing further exciting exploration upside
• 52,750m of resource definition, resource extensional and brownfield plus greenfield discovery drilling at Minyari Dome completed in 2021 – Awaiting assays for final 11,200m

The Project is located within 35km of Newcrest Mining’s Telfer gold‐copper‐silver mine and mineral processing facility and 54km along strike from Greatland Gold‐Newcrest’s Havieron gold‐copper development project

 

[Sean K]

NCM has elected to keep their 9.9% stake by participating in this raising. Made me have a good look at their major projects and ground and it looks like they're in some very prospective geology and good JVs with RIO and IGO.

SP been smashed the past year along with most other juniors. I wonder if it's overdone with quite a few defined resources and potential for another Havieron to be discovered at depth. I think that might be what NCM is hoping for to feed into the Telfer mill once that deposit gets phased out. It's certainly what AZY are sprewking with the latest presentation. They are ramping that Minyari might go to the same depths as Havieron and increase in grade. Looks interesting. I can't see if they've actually put a very deep hole down there to test it yet.

 

[bronzeage]

Really exciting what is happening with Newmont and Newcrest now - we could have a major shareholder in newmont who would want to consolidate their position and leverage in the patterson starting with Antipa

Minyari itself is a gem and also we can see that they could run it through telfer under their ownership or imo they couuld just buy us out too and use economies of scale internally to cheapen the overall cost.

if they decide to sell telfer then twiggy will most likely buy it and again he will partner or buy us out at azy for minyari and the acerage
lots of eyes to come on here and exciting all round

 

[Sean K]

Really exciting what is happening with Newmont and Newcrest now - we could have a major shareholder in newmont who would want to consolidate their position and leverage in the patterson starting with Antipa

Newmont will get rid of 'non core' assets when they take NCM and this would probably be one of the first things to sell out of.

It's in the toilet for some reason.

Sort of makes me interested because of that, but looks like it's in trouble.

 

[bronzeage]

Great news today with antipa - minyari depsoit looks very very good and best of all it is 100% owned so all the value goes to antipa alone

set to expand and go deeper as we head to the PFS and imo people have been sleeping on this for far too long

i expect to see an initial reversal to Fair value .6-$1 before the real value gets added here

(i downloaded the screenshots pics off a twitter poster so credit to them @htrader64)

 

[Sean K]

I think I know why this is in the toilet. When you come out with intersections like this and claim they are 'significant discoveries', you almost do a face-plant and wonder if they actually know what they're doing.

Some of the significant results announced in this ann are a bit of a joke really.

And this is practically dirt. Not sure why you would want to highlight this.