Antipa Minerals (ASX:AZY) has expanded the resource at its Minyari Project in Western Australia to 2.5 million ounces of gold, with the addition of a further 100,000 ounces.
The updated resource also includes 84,000 tonnes of copper, 666,000 ounces of silver and 13,000 tonnes of cobalt.
This is hosted within 53 million tonnes @ 1.48 grams per tonne (g/t) gold, 0.18% copper, 0.43g/t silver and 0.02% cobalt, which works out to about 3 million ounces gold equivalent @ 1.94g/t.
Indicated resources now account for 66% of the total, measuring 32.4 million tonnes @ 1.60g/t gold, 0.2% copper, 0.51g/t silver and 0.03% cobalt.
This places the contained metal at 1.7 million ounces of gold, 64,000 tonnes of copper, 533,000 ounces of silver and 10,000 tonnes of cobalt.
Managing Director Roger Mason says the latest update further demonstrates the Minyari Project’s “significant scale potential”, with many of the deposit areas remaining open in several directions.
“Our broad, two-phase 2025 calendar year drilling program targets substantial growth opportunities across the existing resource base and from new discovery zones with maiden resource potential,” he says.
The Minyari deposit extends over a 500m strike and up to 300m width, beginning at surface and extending down to 670m.
The deposit remains open in several directions and detailed geological work has identified a potential repeat of the Minyari host sequence to the east, making it a high-priority exploration target for Antipa.
Minyari is Antipa’s flagship project, spanning 717km2 about 35km north of Greatland Gold’s (LSE:GGP) Telfer gold-copper-silver mine and 22-million-tonne-per-annum processing facility, and 28km north of Greatland’s Havieron gold-copper development project.
Antipa, which has a market capitalisation of $333.3 million, is an exploration and development company with a portfolio of projects in Western Australia’s Paterson Province.
The news comes as the gold price rebounds back up to just shy of US$3,300 ($5,126) an ounce today (21 May) as doubts arise over whether the US and China can settle their differences on the trade front.
Write to Angela East at Mining.com.au
Images: Antipa Minerals
