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Calibre Deposit
Maiden Mineral Resource Estimate
Highlights
• Maiden Calibre Deposit Inferred Mineral Resource estimated
by Snowden Mining Industry Consultants of 48.4 million
tonnes for 1.59 million gold equivalent ounces at a gold
equivalent grade of 1.02 g/t.
• Only 15 to 25% of the combined geophysical anomaly is
included in the Inferred Mineral Resource with
mineralisation remaining open in all directions providing
significant potential for future Mineral Resource growth.
• Bulk Tonnage Exploration Target revised to exclude Mineral
Resource: Tonnage range of between 130 to 290 million
tonnes and gold equivalent grade range of 0.8 to 1.2 g/t.
(Note: The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to define a Mineral Resource for the area the subject of the Exploration Target, and it is uncertain if further exploration will result in the determination of a Mineral Resource in respect of such area).

Australian precious metals and base metal exploration company Antipa Minerals (ASX:AZY) (“Antipa” or the “Company”) is pleased to announce a maiden Mineral Resource and Revised Exploration Target for its Calibre Deposit, forming part of the Citadel Project located in the word-class Proterozoic Paterson Province.


Calibre Deposit - Mineral Resource The maiden Mineral Resource estimate for the Calibre Deposit is shown in Table 1 (“Mineral Resource”). The Mineral Resource estimate was compiled by Snowden Mining Industry Consultants ("Snowden") and reported in accordance with guidelines and recommendations of the JORC Code (2004) based on a gold metal equivalent cut-off. The Company’s basis for the metal equivalent reporting is summarised in the “Notes” section at the back of this announcement.


The Mineral Resource was extrapolated approximately 25m northsouth and 50m east-west based on half the nominal drillhole spacing. At depth the mineralisation was projected down to about 460m below the base of the cover which corresponds to the deepest drillhole intercept. The extrapolated portions of the mineralisation, around the edges of the mineralised horizon (outside the drilled
area), represent about 45% of the total Mineral Resource tonnage.