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Antipa Minerals (AZY) investor relations material

Antipa Minerals Q1 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 TU earnings summary26 Oct, 2025

Executive summary

  • Advanced Phase 1 and Phase 2 exploration programs at the 100%-owned Minyari Dome Gold-Copper Project, with significant step-out and new discovery drilling success across multiple deposits and prospects.

  • Pre-Feasibility Study (PFS) workstreams, including metallurgical, environmental, and permitting activities, progressed ahead of expected PFS completion in August 2026.

  • Strong corporate activity with a $40 million equity placement and appointment of a new Non-Executive Director.

Financial highlights

  • Ended the quarter with a robust cash balance of approximately A$61.4 million.

  • Raised A$40 million (before costs) via equity placement; 66.7 million shares issued at A$0.60 per share.

  • Spent approximately A$13.0 million on exploration activities during the quarter.

  • Net cash from financing activities was A$38.4 million; net cash used in investing activities was A$13.0 million.

Outlook and guidance

  • Phase 2 exploration program (25,000–35,000m drilling) on track for completion by mid-December 2025.

  • Updated Mineral Resource Estimate (MRE) incorporating 2025 drill results scheduled for November 2025.

  • PFS completion targeted for August 2026, with ongoing technical and permitting workstreams.

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Frequently asked questions

Antipa Minerals Limited is a mineral exploration company focused on the discovery and development of gold, copper, and other base metals. The company primarily operates in Western Australia, with exploration projects in the Paterson Province, a region known for significant mineral deposits. Antipa Minerals employs modern exploration techniques, including geophysical surveys and drilling programs, to assess resource potential. Antipa Minerals Limited is headquartered in West Perth, Australia, and its shares are listed on the ASX.

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