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Antipa Minerals (ASX:AZY) has this morning boosted expectations for its Minyari project in Western Australia with a newly updated mineral resource estimate, which now adds more than 100,000 ounces of gold.
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Minyari’s resource now totals 2.5 million ounces of gold – as well as 84,000 tonnes of copper, 666,000 ounces of silver, and 13,000 tonnes of cobalt – and Antipa believes these numbers show the possibility of standalone development for the project, as also hinted in a scoping study released in October 2024.
Crucially, there appears to be potential for a scalable open pit and underground mining
operation which will be built around mineralisation that begins at surface and with several deposits remaining open along strike and at depth.
“This update lifts the Minyari Mineral Resource to 3.0Moz gold equivalent, inclusive of 2.5Moz of contained gold, demonstrating the project’s significant scale potential across the tenure,” Antipa’s managing director, Roger Mason, said of the new numbers. Many of the new deposit areas remain open in multiple directions.
“Our broad, two-phase 2025 calendar year drilling programme targets substantial growth opportunities across the existing resource base and from new discovery zones with maiden resource potential.”
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Mr Mason continued: “Minyari’s development potential cannot be understated. It’s strategic proximity to Greatland Gold Plc’s (LSE: GGP) Telfer gold-copper-silver operation and the Havieron development offers a clear analogue for what a future production scenario could look like.”
Antipa shares have risen following the announcement, and at 11:47 AEST, they were trading at 59 cents – a rise of 1.72% since the market opened.
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