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Antipa Minerals Limited ( (AU:AZY) ) just unveiled an update.
Antipa Minerals has updated the Mineral Resource Estimate for its 100%-owned Minyari Project in Western Australia’s Paterson Province, lifting total resources to 69 million tonnes at 1.33 grams per tonne gold for 2.9 million ounces of gold, or 3.6 million ounces of gold equivalent including copper, silver and cobalt. The Minyari Dome deposits now host 2.5 million ounces of gold, with 85% in the higher-confidence Indicated category, materially improving resource quality, underpinning mine planning and the ongoing pre-feasibility study, and reinforcing Minyari’s potential as a large-scale standalone development with further growth expected from open zones and emerging targets.
Within Minyari Dome, the main Minyari deposit now has 1.9 million ounces of gold with 97% classified as Indicated, providing a stronger foundation for advancing towards a development decision. The company also reported a maiden 11 million tonne resource at the nearby RPS deposit and highlighted that overall resource growth since the Minyari Dome scoping study totals about 600,000 ounces of gold and 7,500 tonnes of copper, enhancing the project’s scale and strategic position in what it describes as an emerging prolific mining province.
The most recent analyst rating on (AU:AZY) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Antipa Minerals Limited stock, see the AU:AZY Stock Forecast page.
More about Antipa Minerals Limited
Antipa Minerals Limited is an Australian mineral exploration and development company focused on gold, copper, silver and cobalt in Western Australia’s Paterson Province. Its flagship 100%-owned Minyari Project is being advanced as a potential standalone open pit and underground mining and processing operation, supported by a growing mineral resource base and ongoing pre-feasibility study work.
Average Trading Volume: 2,420,744
Technical Sentiment Signal: Buy
Current Market Cap: A$371.1M
Learn more about AZY stock on TipRanks’ Stock Analysis page.