What is the story about?
What's Happening?
Antipa Minerals is progressing the development of its Minyari Gold-Copper Project in Western Australia, following the receipt of new assay results from a recent drilling program. The company plans to update its resource estimate next month after completing the 2025 drilling program. Antipa is also conducting a Prefeasibility Study (PFS) and other non-technical workstreams to refine the development opportunity at Minyari Dome, including advancing the permitting process. Recent drilling results have confirmed substantial gold-copper zones, with notable assays including 12 meters at 16.7 grams per tonne gold and 0.13% copper from 143 meters, and 18 meters at 2.7 grams per tonne gold and 0.49% copper from 275 meters.
Why It's Important?
The advancement of the Minyari Gold-Copper Project is significant for Antipa Minerals as it strengthens the company's position in the gold and copper mining sector. The high-quality assay results underscore the project's potential to become a major source of gold and copper, which are critical resources for various industries. The successful development of this project could enhance Antipa's market value and attract further investment, benefiting stakeholders and contributing to the local economy in Western Australia.
What's Next?
Antipa Minerals is set to complete the Prefeasibility Study by June 2026, which will provide a clearer picture of the project's viability and potential returns. The company is also continuing phase two discovery-focused drilling, with plans to complete between 25,000 to 35,000 meters. As the project progresses, stakeholders can expect more updates on resource estimates and development milestones, which could influence investment decisions and market dynamics.
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