The North Telfer project is located in the Paterson Province of Western Australia approximately 20 kilometres north of Newcrest’s large-scale Telfer mine. The Minyari and WACA gold-copper-silver-cobalt deposits at North Telfer are hosted within a geological structure referred to as the Minyari Dome. Both deposits are potentially amenable to open pit and underground mining methods, bearing a number of similarities to the mineralization at the Telfer deposit.
Strong gold results from exploration drilling programs completed in 2016 and 2017 enabled Antipa to establish its maiden Minyari and WACA deposit JORC Mineral Resource Estimates and to commence evaluation of the economic potential of the Minyari Dome area.
The Minyari Dome Mineral Resource Estimate was updated in May 2022 and Resources increased by 250% to 1.8 Moz gold. The Indicated Resources contain 21.1 Mt at 2.0 g/t AuEq containing 1.35 Moz AuEq (1.4 g/t gold, 0.5 g/t silver, 0.2% copper, 0.04 % cobalt). This includes 0.95 Moz gold, 0.39 Moz silver, 41.1 Kt of copper and 7,700 t of cobalt. Inferred Resources contain 12.8 Mt at 2.4 g/t AuEq containing 1.0 Moz AuEq (1.94 g/t gold, 0.48 g/t silver, 0.18% copper, and 0.03% cobalt). Inferred Resources contain 0.80 Moz gold, 0.20 Moz silver, 23.2 Kt copper and 3,400 t cobalt. Resources were estimated using AuEq cut‐off grades of 0.5 g/t (open pit) and 1.5 g/t (underground mining).
