Antipa Minerals research note says shares worth at least 5.7 cents
October 18, 2023 at 10:31 am EDT
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Antipa Minerals Ltd (ASX:AZY) MD Roger Mason speaks with Proactive soon after Resolve Research initiated coverage on the company with a price target of 5.7 cents. In Resolve’s view, Antipa is one of the most overlooked gold plays globally considering its existing resource, valuation and potential upside. AZY has recently reported significant zones of higher-grade gold mineralisation from within the original GEO-01 discovery samples at its flagship Minyari Dome Gold-Copper Project in Western Australia’s Paterson Province. The GEO-01 discovery, made in August, was based on four metre composite samples, while the latest assay results revealing significantly high gold mineralisation come from one metre re-splits of the original discovery drilling assays.
Mason said, “We are very excited by these results which emphasise the opportunity that exists at the GEO-01 discovery. In particular, the high-grade mineralisation returned end-of-hole in 23MYC0384 highlights the latent growth potential to be unlocked with future drilling.
“Drilling has now recommenced, starting at GEO-01, and we look forward to testing all our high impact targets as we work through our expanded phase two CY2023 program at Minyari Dome.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Antipa Minerals Limited is a mineral exploration company. The Companyâs tenement holding covers over 5,100 square kilometers. The Companyâs Minyari Dome Project is located approximately 35 kilometers (km) north of Newcrestâs Telfer gold-copper-silver mine. The 100%-owned Minyari Dome Project area covers approximately 877 square kilometers and features a geological structure referred to as Minyari Dome, which hosts the Minyari and WACA deposits. Its Citadel JV Project area consists of approximately 1,200 square kilometers of prospective but largely underexplored Proterozoic stratigraphy in the north of the Paterson Province. Its Paterson Project comes to within 22 km of Newcrestâs Telfer gold-copper-silver mine. Its Wilki Project consists of approximately 1,470 square kilometers area located on the southern portion of the Companyâs 100%-owned tenement ground in the Paterson Province of Western Australia. The Wilki Project comes to within 3 km of its Telfer gold-copper-silver mine.