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Antipa Minerals (ASX:AZY) has unveiled a significant mineral resource estimate (MRE) update for the Minyari gold-copper-silver project in Western Australia.
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“Today’s mineral resource update delivers both an increase in total contained metal and a significant uplift in the proportion of higher-confidence indicated ounces across the Minyari Dome deposit group,” MD, Roger Mason, said.
“This provides an even stronger foundation for mine planning, study work, and technical work streams as we advance the project towards a development decision.
“With 2.9M ounces of gold, alongside substantial copper, silver and cobalt credits for 3.5Moz gold equivalent now defined, Minyari continues to strengthen as a large-scale standalone opportunity in one of Australia’s most prospective provinces, which is rapidly emerging as Australia’s next prolific mining province.”
Mr Mason told shareholders there is clear scope for further growth. “Multiple deposit areas remain open, several emerging zones are shaping up for maiden resource potential, and the broader project area continues to generate highly encouraging new discovery opportunities,” he explained.
The updated MRE increases the total mineral resource at Minyari to 2.9 million ounces (Moz) of gold, or 3.6 Moz of gold equivalent (AuEq), with 76% of contained gold ounces now classified in the indicated category (2.2 Moz).
The Minyari Dome group of deposits, which are located within 3.5km of each other and form the basis of an ongoing pre-feasibility study, contain 2.5 Moz gold, or 3.2 Moz AuEq of the total mineral resource, with 85% of contained gold ounces now in the indicated category (2.2 Moz).
Minyari Dome’s 12 deposits, along a 3.5km strike corridor, contribute the majority of the gold resource, representing 88% of the Minyari project’s total contained gold ounces.
The potential of the broader GEO-01 area at Minyari Dome is planned to be followed up on in the first half of the year.
AZY is up +6.14% to 60.5¢. Mkt cap $377.7M.
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