Antipa Minerals (AZY) investor relations material

Executive summary

• Recorded a net loss of A$4,965,120 for the half-year ended 31 December 2025, compared to a loss of A$4,661,495 for the same period in 2024.

• Net cash outflow from operations and exploration activities was A$26,368,005, up from A$4,914,391 in the prior year.

• Raised A$40 million via a placement and A$3.24 million from option exercises, strengthening the cash position.

• Cash and cash equivalents at period end were A$51,173,703, a 40% increase from 30 June 2025.

Financial highlights

• Operating revenue for the half-year was A$1,288,438, up 264% year-over-year.

• Net assets increased to A$138,116,909, up 41% from 30 June 2025.

• Loss per share improved to (0.77) cents from (0.97) cents year-over-year.

• Share-based payment expense rose to A$3,703,800 from A$1,116,750 year-over-year.

• Disposal of joint venture interest resulted in a loss of A$2,433,405.

Outlook and guidance

• Pre-Feasibility Study (PFS) for Minyari Dome Development is advancing, with completion targeted for Q3 CY2026.

• Final Investment Decision (FID) for Minyari Dome targeted for mid-2028, subject to PFS and government approvals.

• Ongoing focus on resource growth and new discoveries, with further drilling and studies planned for CY2026.