Operator

Antipa Minerals Limited

Terms

1.0% NSR

Acquisition Date

2019 / Nov / 14

The North Telfer project is located in the Paterson Province of Western Australia and approximately 20 kilometres north of Newcrest´s large-scale Telfer mine. Within the North Telfer project is a geological structure referred to as Minyari Dome which hosts the Minyari and WACA gold-copper-silver-cobalt deposits, both 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 deposit and WACA deposit JORC Mineral Resource and to commence evaluation of the economic potential of the Minyari Dome area. The total Indicated and Inferred Mineral Resource for both deposits is 11.0 million tonnes grading 2.0 g/t gold, 0.24% copper and 380 ppm cobalt for 723,000 ounces of gold, 26,000 tonnes of copper and 4,000 tonnes of cobalt (0.5 g/t gold open pit cut-off and 1.7 g/t gold underground cut-off).

Exploration programs continue with the goal of rapidly expanding the current Mineral Resource to support a Scoping Study in 2019.

Recent Activities

May 2019
Surface geochemical sampling and geological mapping programs commenced at North Telfer.

October 2018
Initial drilling at Minyari South intersected thick high-grade gold-copper-cobalt mineralization with results including 18.0 metres at 3.1 g/t gold, 0.32% copper and 0.05% cobalt from 47.0 metres.

North Telfer