Antipa Minerals (AZY) H2 2026 earnings summary

Executive summary

• Advanced the Minyari Dome Gold-Copper Development Project towards a development decision, with significant progress in technical, environmental, and financing workstreams.

• Updated Mineral Resource Estimate (MRE) for Minyari Project: 69 Mt at 1.33 g/t gold, 2.9 Moz gold, 91,000 t copper, 880 koz silver, 13,000 t cobalt, totaling 3.6 Moz gold equivalent.

• Extensive drilling campaigns in CY2025 and CY2026 expanded known mineralisation and identified new targets, notably at Fiama and Tim's Dome.

• Constructive gold market conditions support project advancement.

Financial highlights

• Net loss of A$5,945,295 for FY2026, compared to A$5,343,349 loss in FY2025.

• Net cash outflow from operations of A$1,789,135 (FY2025: A$2,022,431).

• Cash and cash equivalents at year-end: A$39,145,760.

• Share-based payments expense: A$3,703,800 (FY2025: A$1,409,750).

• Weighted average shares: 655,112,188; basic and diluted loss per share: (0.91) cents.

Outlook and guidance

• Ongoing Pre-Feasibility Study (PFS) for Minyari Dome, integrating updated metallurgical and geotechnical data.

• Continued focus on resource growth and new discoveries, with major drilling programs planned.

• Constructive engagement with Traditional Owners and regulatory stakeholders to support future development.