Lion Selection's Release gives a good summary of the Antipa...

Lion Selection's Release gives a good summary of the Antipa Minerals investment rationale:

19 June 2024
Lion invests in Antipa
 Lion invests $2M in Antipa Minerals
Lion Selection Group Limited (ASX:LSX, Lion) is pleased to announce it has committed to invest $2M as part
of a $6.75M fundraising announced by Antipa Minerals (ASX:AZY, Antipa). Lion is expected to hold
approximately 4% in Antipa after the raising.
Lion Chairman Robin Widdup said: “We are delighted to add Antipa to the Lion portfolio. Antipa ticks all the
boxes that Lion seeks. The 1.8 Moz1 Minyari project is development opportunity within a 5,100km2
strategically located land package, with a quality team to advance it. Antipa’s regional joint ventures
provide added attraction, with first rate partners in an incredibly prospective part of Australia.
Antipa Minerals
Antipa has a large established gold resource and series of quality joint ventures in the Paterson province of
Western Australia. The company has a strong track record of success in a region that is home to
Newmont’s world-class Telfer mine and some of the world’s more recent large gold-copper discoveries
including Rio Tinto’s Winu and Newmont-Greatland Gold’s Havieron.
Exploration success has led to the discovery of several major mineral deposits on Antipa’s ground including
the Minyari Dome Gold-Copper Project. Minyari Dome currently hosts a 1.8 Moz gold resource (at 1.6 g/t)1
which was the subject of a Scoping Study (August 2022)2 indicating the potential for a sizeable initial
development with upside.
This raising funds Antipa’s drilling program this year targeting growth to the existing resources at Minyari
Dome to further enhance the existing development opportunity.
The 900km2 Minyari Dome Project is complemented by three large-scale growth projects covering a total of
4,200km2 which have attracted major listed miners to agree multi-million-dollar farm-in and joint venture
arrangements:
• Citadel Project (33% Antipa): Rio Tinto JV over 1,200km2
• Wilki Project (100% Antipa): Newmont farming-in 1,470km2
• Paterson Project (100% Antipa): IGO farming-in 1,550km2