Antipa Minerals Ltd (ASX:AZY) Retains 100% Ownership of Paterson Project
Ownership Consolidation
Antipa Minerals Ltd (ASX:AZY) has announced that IGO Newsearch Pty Ltd has withdrawn from the Paterson Project farm-in agreement, effective from 30 April 2025. As a result, Antipa retains 100% ownership of the Paterson Project, fully surrounding the Minyari Dome Development Project with significant mineral resources.
Operational Achievements
The Paterson Project now encompasses approximately 4,060 km², hosting 2.3 million ounces of gold, 83,500 tonnes of copper, 661,000 ounces of silver, and 13,000 tonnes of cobalt according to the Minyari Dome Mineral Resource Estimate. Recent exploration activities, including air core drilling in late 2024, have extended the GEO-01 and Rizzo gold mineralisation footprints, with additional project-scale interpretation and data modelling expected to identify further targets.
Future Outlook
Antipa is planning an extensive exploration programme for the first half of CY2025, focusing on priority targets near Minyari. This programme is in advanced stages of planning, supported by Antipa’s strong financial position.
Executive Comments
Managing Director and CEO Roger Mason stated, “Antipa’s foresight in recognising the regional opportunity within the Paterson, combined with our early-mover actions, has delivered a significant advantage that is beginning to reveal itself. The full retention of this Project is a fantastic result for Antipa, delivering a twofold benefit: first, the tenement package completely surrounds our flagship Minyari Dome Project, further enhancing any future standalone development and second, while exploration has been focussed on copper discoveries for several years, we have long recognised multiple gold-dominant opportunities on this ground which we are excited to now be able to properly interrogate. The consolidation of the Paterson Province continues, and we are set to play a major role in its future.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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