Antipa Minerals (AZY) Noosa Mining Conference 2026 summary

Asset development and exploration updates

• Cracow mine life extended from two to over five years, leveraging old underground and open-pit resources.

• Golden Plateau, near existing infrastructure, could start within 12 months; greenfields drilling planned for Southern Vein Field.

• Stockman project in Victoria nearing feasibility study completion, with a 15 Mt resource and 10 Mt reserve at 3.7% copper equivalent.

• Jaguar mine maintained at AUD 2.5 million annually; exploration targets include eight base metal prospects and significant gold anomalies.

Strategic positioning and asset overview

• Holds a 100% owned 4,500 km² land package in the Paterson Province, proximal to major mines and development projects, with a dominant position in a tier-one gold-copper region.

• Current mineral resources include 2.9 Moz gold, 91,000 t copper, and 880 koz silver, with significant growth potential and blue-sky exploration upside.

• Strong financial foundation with A$48M cash as of March 2026, supporting aggressive exploration and development.

• Asset life and reserve/resource positions seen as providing significant value and upside.

• Trading price dropped from AUD 0.70 to AUD 0.40 over the past year, but management remains optimistic.

Minyari Dome project highlights

• Minyari Dome is a stand-alone gold-copper development with a 3.6 Moz gold equivalent resource and consistent resource growth since 2017.

• 2024 Scoping Study shows a 10+ year mine life, 130,000 oz/year gold output, and AUD 1.8 billion post-tax NPV at AUD 5,000/oz.

• IRR up to 110% and projected life-of-mine free cash flow ranges from A$972M to A$2.76B depending on gold price scenarios.

• Pre-Feasibility Study due in several months; strong analyst price targets and institutional support.