Earnings release
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MEDIA RELEASE 28 October 2021 ANTIPAMINERALS ASX Quarterly Report and Appendix 5B for the Period ended 30 September 2021 Highlights • Major drilling programmes continued on all four of Antipa's Projects in WA's Paterson Province : • 100 % owned Minyari Dome : up to 45,000m ( Diamond Core ( DD ) + Reverse Circulation ( RC ) drilling ) ; Citadel Joint Venture with Rio Tinto 1 : up to 25,000m ( DD + RC drilling ) ; • Wilki Farm - in with Newcrest² : up to 8,000m ( RC + DD drilling ) ; and Paterson Farm - in with IGO³ : up to 13,000m ( Air Core ± DD drilling ) . • 100 % owned Minyari Dome Project CY 2021 exploration programme continued with additional DD and RC results received , key highlights of which include : • Existing Minyari Mineral Resource infill resource definition and extensional drilling continued to return multiple high - grade gold and copper intersections , including 362.0m at 1.4 g / t gold and 0.16 % copper from 230.0m down hole in 21MYC0216 ; and Significant greenfield gold - copper discovery with the first RC drill hole ( 21MYC0245 ) at GP01 target 800m southeast of the Minyari resource intersecting significant high - grade gold with copper mineralisation : . 27.0m at 1.3 g / t gold and 0.11 % copper from 131.0m down hole , including : о 7.0m at 3.9 g / t gold from 133.0 , also including : 1.0m at 19.9 g / t gold from 133.0m • Results continue to extend the potential size of the Minyari Mineral Resource ( currently a combined JORC 2012 MRE of 723koz gold at 2.0 g / t and 26kt copper at 0.24 % for Minyari and WACA4 ) and enhance a project development opportunity , including as a potential standalone development . • Based on the outstanding results obtained in CY 2021 , the Minyari drill programme has been expanded to 45,000m ( previously 21,000m ) to evaluate the Minyari north - western plunge , Minyari East , plus other extensional resource and multiple greenfield targets . The significantly expanded $ 24.5 million Citadel Joint Venture Project CY 2021 exploration programme continued , with drilling ongoing and geophysical surveys completed including Gradient Array IP ( GAIP ) and Rimfire detailed aeromagnetics . Assays and GAIP results are pending and expected in Q4 CY 2021 and Q1 CY 2022 . • Drilling on Wilki Farm - in Project CY 2021 exploration programme , fully funded by Newcrest and operated by the Company , was ongoing during the quarter testing up to eight recently identified greenfield aero- electromagnetic ( AEM ) and / or magnetic targets and evaluating extensional and conceptual targets at the Tim's Dome and Chicken Ranch gold ± copper deposits . Assays are pending and expected in Q4 CY 2021 and Q1 CY 2022 . 1 All references to ‘ Rio Tinto ' in this document are to Rio Tinto Exploration Pty Ltd , a wholly owned subsidiary of Rio Tinto Limited . 2 All references to ' Newcrest ' in this document are to Newcrest Operations Ltd , a wholly owned subsidiary of Newcrest Mining Limited . 3 All references to ' IGO ' in this document are to IGO Newsearch Pty Ltd , a wholly owned subsidiary of IGO Limited . 4 Mineral Resource information refer to Competent Person's statement and table to the rear of this Release .