Antipa Minerals (AZY) Investor presentation summary

Strategic landholding and resource base

• Holds a 100% owned 4,500 km² land package in the Paterson Province, proximal to major mines and development projects, with a current resource of 2.9 Moz gold, 91,000 t copper, and 880 koz silver, and significant growth potential.

• Approximately 75% of tenements are under less than 80m of cover, offering substantial greenfield and brownfield exploration upside.

Minyari Dome project highlights

• Minyari Dome is a stand-alone gold-copper development with a 3.6 Moz gold equivalent resource, forming the basis for an ongoing pre-feasibility study.

• Scoping Study (2024) indicates a post-tax NPV7% of A$1.8B at A$5,000/oz gold, IRR of 110%, and annual gold production of 130 koz over a 10+ year mine life.

• Initial capital cost is A$306M, with a payback period of 2 years and forecast AISC of A$1,721/oz.

Exploration and growth strategy

• Major CY2026 drilling program underway, targeting resource extensions and new discoveries at Minyari Dome and satellite deposits.

• Recent drilling has delivered new high-grade gold-copper discoveries at Fiama North, Rizzo-Fiamma extension, and AL01, with multiple untested targets identified.

• Tim's Dome and other satellite deposits show significant high-grade gold-copper potential, with ongoing drilling supported by government grants.