Antipa dives into Phase 2 drilling and PFS at Minyari Dome
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Antipa Minerals has kicked off a pre-feasibility study and its Phase 2 drill program at the Minyari Dome gold-copper-cobalt project in WA.
Two diamond core rigs are testing multiple resource growth targets, including the Minyari Resource Plunge Extension and the Minyari North prospect, along with several greenfield gold-copper soil anomalies.
Antipa Minerals (ASX:AZY) MD Roger Mason says further exploration success would provide a boost to the project’s economics.
“To date we have delivered a 250% increase to the project’s Mineral Resource Estimate, backed up by a Scoping Study which demonstrated the potential for an attractive stand‐alone gold mining and processing development, resulting in the commencement of a Pre‐feasibility Study (PFS),” he said.
“The Minyari Dome Project economics are hugely leveraged to future resource growth, from both extensional and greenfield drilling opportunities and we have a pipeline of high‐prospectivity gold‐copper targets to drill.”
Notably, the Project is located within 35km of Newcrest Mining’s (Newcrest) Telfer gold‐copper‐silver mine and mineral processing facility and 54km along strike from Greatland Gold‐Newcrest’s Havieron gold‐copper development project.
And Mason says the company is committed to its aggressive growth exploration program across the 144km2 tenure.
“The objective of the growth drilling program is to increase the potential project life to seriously boost project economics,” he said.
Assay results from Phase 1 drilling which was completed in mid-August are expected in October and November, with the Phase 2 drill program expected to be complete in H1 CY23.
The PFS is scheduled for completion during Q4 CY23 and is planned to incorporate an updated Mineral Resource estimate into the mine scheduling and progress a range of other upside opportunities identified as part of the Scoping Study.
This article was developed in collaboration with Antipa Minerals (ASX:AZY), a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.