AZY - Antipa Minerals

[bronzeage]

i disagree - i feel that this announcement shows that we have mineralisation at minyari north and can continue grow there

as it is only 400m meters away this means we can have one huge open mineable pit

also shows potential for any investor such twiggy who may want to land grab and extend his reach in west patterson that we have a huge mineralised area

 

[rcw1]

Good evening
No posts since 6 March 2023.

Announcement (26/08/24):

RIO TINTO - ANTIPA CITADEL JOINT VENTURE PROJECT
• Updated Calibre Inferred Mineral Resource increased to:
2.5 million ounces of gold up 19%, 115,000 tonnes of copper and 1.6 million ounces of silver contained within 111 million tonnes at 0.71 g/t gold and 0.10%copper and 0.44 g/t silver
• 3.1 million gold-equivalent ounces at 0.86 g/t gold-equivalent
• The Calibre resource extends for approximately 1.4 kilometres and remains open alongstrike to the south, at depth and potentially across strike
• The existing Magnum Inferred Mineral Resource, located just 1.3km from Calibre, providesan additional 340,000 ounces of gold, 57,800 tonnes of copper and 511,000 ounces of silver and remains open at depth and along strike to both the north and south

2.4 quarters of coin in the piggy bag plus according to an announcement dated 13 September 2024 add A$17 Million re:
sale approximately 32% non-controlling interest in the Citadel Joint Venture Project to joint venture partner Rio Tinto Exploration Pty Ltd for consideration of A$17 million cash.

Daily Chart

Kind regards
rcw1

 

[Sean K]

Stopped looking at this last year in May ish because I couldn't understand why I would be interested. It just looked pretty crappy. Probably should have kept an eye on it.

 

[rcw1]

Gone to Mars today …

Nice announcement …

 

[Dona Ferentes]

4.1 The event is
4.1a Consolidation ratio: the +securities will be consolidated on the basis that every 10 (pre-consolidation) +securities will be consolidated into 1 (post-consolidation) +security (/ies).

 

[Country Lad]

A couple of dot points from 5 March. I kept watching it till there was going to be an obvious breakout from the last of my required triggers today and bought shortly after open.

• Newmont Corporation has withdrawn from the Wilki Project farm-in agreement following its divestment of both Telfer and Havieron
• Antipa now retains full ownership of the project
• Planned Wilki Project drill testing to take place in H1 CY2025

One comfort is they have plenty of cash for the exploration program so low chance of a CR. Could also be a TO target in the future.

 

[bettamania]

Can we change Bruno mars ' song APT into AZY? Sure we can since we are approaching weekend


From Pinnacle work

From MLTE work

from TLWE

Thank you for all your supports and this is not a share trading recommendation to buy and sell. Have a great weekend

Cheers

 

[IvoryWolf]

Continual higher highs and higher lows over the past few months, and even the half-yearly report released at the beginning of March couldn't shake shareholder confidence to trade below the 30 day MA. All of the hallmarks for a decently trending stock and the reasons for selecting AZY for the April competition, especially since this is a mineral exploration company focussed on gold and copper (both commodities that are performing well in the markets).

 

[Sean K]

Is Antipa trying to sell itself to Greatland Gold?

 

[Sean K]

Not sure how many meters of drilling it took to add 100k to the MRE. Doesn't seem much extra, but I suppose it's more.

Nice to be over the 3m oz AuEq.

Not sure how much of that is going to get into a mining plan and recovery rate.

 

[Sean K]

I wonder how much Greatland are prepared to pay for this?

Current MC is around $350m and on a pretty steady upward direction.

Not sure how much of the 3Moz is going to come out of the ground. Maybe 2M? The Scoping Study had just 1.3Moz. I guess we need to wait for a PFS to see how much might be recoverable to feed into the Telfer mill.

The Scoping Study put an NPV of $840m @ $3000 POG. @ $4000 $1.6b, so $5000 POG would look pretty interesting.

I wonder if a TO would be around the projected NPV? That's more than double the current MC @ just $3000 POG. Interesting.

Would have been nice to pick this up before Sep 24.

 

[Sean K]

Thinking more about a take over price and I doubt they'd get the NPV of a PFS. I assume they'll do the eventual PFS on a conservative AUD POG, but not as low as $3000 as per the SS. As AUD gold's currently over $5K they could at least go with $4000 so the $1.6b NPV might be around the mark. They've got a lot of drilling and resource growth anticipated this year so that might change when updated MREs flow in.

So, just on the current resource base, if they can get around half the NPV of $1.6b, GGP might have to cough up $800m for it. Not sure what SP that would be because there'll probably be another CR dilution along the way. MC now up to $430m, so it still could double from here.

Another ATH close yesterday.

 

[Sean K]

It's going to be a big year of drilling results for Antipa. The 2025 program started on 16 April with 5 ish rigs spinning.

Not sure how long the first results will be out, but it must be soon. On the latest presentation out yesterday they've identified a large number of holes that have been completed with assays pending. See yellow dots on the slide.

While Minyari is already at critical mass to complete a PFS on the current MRE it would be more robust to add a few 100K ounces to the mining inventory to extend the LOM and/or throughput. Something more like 15 years at 200K oz pa would be nice. Should be able to go close to that and improve the payback by adjusting the POG assumption to $4K instead of $3K too. Might even be able to plug in $5K by the time it's completed which would be very interesting.

 

[countrylad]

AZY kicking goals at the moment, my worst case scenario is they become a working mine site printing cash in the future.

 

[Sean K]

AZY kicking goals at the moment, my worst case scenario is they become a working mine site printing cash in the future.

What are your plans with this, lad?

MC now around $450m and it's gone ballistic.

I've only bought because GGP are going to buy it at a bit of a premium, which is rapidly becoming a lot of money. Maybe a friendly is accumulating and will make it easy to get the numbers for the TO.

Any idea when the PFS is planned to be released? I can't find it.

Whatever the case I anticipate it to be much better than these metrics.

 

[countrylad]

@Sean K I thinks its totally dependent on what Greatlands can do with Havieron, they are not the first miners to have a crack at it, word is the water is a huge issue, if that takes them longer than what they think or costs blows out or more likely costs and times blows out, it would be in my opinion only remiss of them not to have a crack at Antipa.

If the above scenario happens it would be then really good to have another major run (NST) the ruler over it to put it in the back pocket like what they see and we get in a bidding war all the time gold is getting to $4000 USD.

And you and I sir walk away with a 10-15 bagger

 

[countrylad]

Very exciting

 

[Sean K]

Very exciting

View attachment 202694

Hopefully that new discovery has some other holes done close by to confirm it's of a decent size.

A few good intersections in the detail that will expand the MRE. Lots of pretty low grade stuff too though.

Majority of the assays remain outstanding so should be steady news in the coming weeks.

Unfortunately, nothing significant at Parklands which they were ramping pretty hard due to proximity to Telfer.

MRE upgrade planned for Q3 CY25. Could be anything at this stage.

 

[Sean K]

These guys must be spending a lot of money quickly on all the drilling they're doing. They had an "excellent financial foundation" with $40m at the end of March.

And this meant that they were going to be able to "fully fund resource growth, discovery and development strategy". It's so funny reading the last presentations regarding financial positions of companies when they hit the market with a CR. I understand they all need more money to drill but the communication of financial positions almost always diametrically oppose the reality of what they are planning.

I think they might have preferred the first batch of drilling results had some more substantial intersections in them and the SP holding closer to 80c than dropping back to 68c for this to be announced. Maybe they were always planning this and thought their rampy announcement was better than it looked.

I guess a 10% discount to the last price and/or 20 day VWAP will be as good an outcome as we can hope.

Alternatively, GGP agree to take their stake up to 19.9%.

 

[Sean K]

Asking for $30m @countrylad

That won't dilute GGP too much.

Maybe the Twig will buy some and take it over himself. Not sure how much he indirectly owns through his shares in GGP at the moment but probably a decent chunk.