ANTIPA MINERALS (ASX:AZY)Ounces: 2.3Moz gold eqMarket Cap: $140mThe explorer has increased resources 250% to 1.8Moz gold, 64,300t copper, 584,000oz silver and 11,100 cobalt at the ‘Minyari Dome’ project in one of WA’s top exploration hotspots, the Paterson Province.Is 2.3 million gold equivalent ounces large enough to put AZY on the radar of the ounce-hungry major miners right next door?“The strategic significance of this resource to Antipa is huge, providing us with the potential to deliver a standalone mining and processing operation located in the rapidly advancing tier-one Paterson Province, nestled between Newcrest’s (ASX:NCM) Telfer mine and Rio’s (ASX:RIO) Winu development project, and surrounded by our Paterson Farm-in Project with IGO (ASX:IGO),” AZY managing director Roger Mason says.Antipa has begun a Scoping Study, the first proper look at the economics of building a project.
* 9/6/22
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