"For fans of ‘nearology’, explorer Antipa has been focused on WA’s remote Paterson gold and copper province, which has become a hotspot thanks to Rio Tinto’s Winu discovery and the Havieron find by the Newcrest/Greatland joint venture.Antipa’s first-mover advantage meant it secured highly prospective ground before anyone else.Antipa has farm-in agreements with Rio, Newcrest and IGO Limited, who have agreed to spend $20 million over the next two years.The farm-in conditions mean Antipa’s exposure reduces the more money the joint partners spend. But there is nothing wrong with a junior owning 30 per cent of the next big discovery."
AZY Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
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