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.

• Current mineral resource stands at 2.9 Moz gold, 91,000 t copper, and 880 koz silver, with significant growth potential.

• Approximately 75% of tenements are under less than 80 metres of cover, supporting cost-effective exploration.

Minyari Dome project highlights

• Stand-alone Minyari Dome gold-copper project confirmed with exceptional development potential and robust economics.

• Scoping Study NPV7% post-tax reaches A$1.8B at A$5,000/oz gold, with IRR of 110% and annual production of 130 koz gold for the first 10 years.

• Initial mine plan: 30.2 Mt at 1.5 g/t Au, 3 Mtpa throughput, 10+ years processing life, and A$306M capital cost.

• Forecast AISC is A$1,721/oz gold, with a payback period of 2 years.

Exploration and growth initiatives

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

• New high-grade gold-copper lodes discovered near Fiama and Rizzo, with maiden resource opportunities identified.

• Tim's Dome and AL01 targets show large-scale, high-grade gold-copper potential, with ongoing drilling and government co-funding.