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- Antipa Minerals (AZY) places its shares in a trading halt in relation to an upcoming capital raising
- The company will remain in the halt until the earlier of Monday, September 12, or when an announcement with further details is released
- In late August, Antipa completed a scoping study that confirmed the “robustness” of a stand-alone operation at its Minyari Dome project in WA
- Over the eight-year mine life, the project will produce 975,000 ounces of gold and 350,000 ounces of silver with pre-production costs expected to total $275 million
- Shares in Antipa last traded at 3.1 cents on September 6
Antipa Minerals (AZY) has placed its shares in a trading halt in relation to an upcoming capital raising.
The company will remain in the halt until the earlier of Monday, September 12, or when an announcement with further details is released.
Antipa is yet to disclose how much it intends to raise or what it will use the funds for once received.
In late August, Antipa completed a scoping study that confirmed the “robustness” of a stand-alone operation at its Minyari Dome project in WA.
Over the eight-year mine life, the project will produce 975,000 ounces of gold and 350,000 ounces of silver with pre-production costs expected to total $275 million.
Further, the study outlined an average all-in-sustaining cost of US$1062 (A$1580.12) per ounce with a post-tax payback period of 2.54 years.
Antipa plans to continue the scoping study throughout the remainder of the year and is targeting a mineral resource estimate for the middle of next year.
Additionally, the company will begin a pre-feasibility study for Minyari Dome and will incorporate the MRE.
Shares in Antipa last traded at 3.1 cents on September 6. The company has a $97.33 million market cap.
