Antipa Minerals Limited (ASX:AZY)
Antipa Minerals Limited (ASX:AZY) is a minerals exploration company focused on its own exploration activities on the North Telfer Project, located approximately 40 kilometres north of the world-class Telfer copper-gold-silver mine of Newcrest Mining Limited (ASX:NCM).
The North Telfer Project includes the Minyari Dome, which contains the Minyari-WACA gold-silver deposits. The Company aims to progress studies into the development of the Minyari-WACA deposits, while continuing to explore other highly prospective targets in the nearby vicinity.
Rio Tinto (ASX:RIO) has a Joint Venture Agreement with Antipa to farm-in to the Citadel Project, situated in the north of the Paterson Province, and can fund up to $60 million of exploration expenditure to earn up to a 75% interest in the project.
The Citadel project includes JORC (2012) compliant Mineral Resources at the Calibre and Magnum deposits for a combined total of 1.2 million ounces of gold and 139,000 tonnes of copper, with mineralisation at both deposits open in all directions.