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- Antipa Minerals (AZY) has begun the week in a trading halt in regards to an upcoming capital raising
- The company will remain in the halt until April 21 or when an announcement with more details is released, whichever occurs first
- On April 12, Antipa revealed it had expanded the exploration program at the Citadel Joint Venture Project in northern WA
- The aim of this drilling is to target mineralisation and resource extensions at the Calibre and Magnum gold-copper deposits
- Reverse circulation drilling has already begun and a diamond drill rig is set to arrive on site later this month
- Shares in Antipa last traded at 5.1 cents on April 16
Antipa Minerals (AZY) has begun the week in a trading halt in regards to an upcoming capital raising.
The company will remain in the halt until April 21 or when an announcement with more details is released, whichever occurs first.
Antipa is yet to disclose how much it intends to raise or what it will use the funds for once received.
On April 12, Antipa revealed it had expanded the exploration program at the Citadel Joint Venture Project in northern WA.
Joint venture partner Rio Tinto (RIO) will give $24.5 million in funding to the program, increasing its interest from 51 per cent to 65 per cent.
Between 6000 to 7000 metres of drilling will be added, bringing the program to 19,000 metres.
The aim of this drilling is to target mineralisation and resource extensions at the Calibre and Magnum gold-copper deposits.
Reverse circulation drilling has already begun and a diamond drill rig is set to arrive on site later this month.
Shares in Antipa last traded at 5.1 cents on April 16. The company has a $127.5 million market cap.
