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Antipa Minerals directors show faith in company through participation in SPP The company’s strategy is to deliver greenfield discoveries and increase brownfield gold and copper resources with the aim of generating a short to medium-term production opportunity. Antipa now holds in excess of $30 million in cash Antipa Minerals Ltd (ASX:AZY) directors have demonstrated their faith in the company by participating in a share purchase plan (SPP) completed on May 18. The SPP raised A$3 million, increasing the total number of funds raised under the capital raising to A$25 million. Proceeds will be used to meet Antipa’s share (35%) of the Citadel Joint Venture CY21 exploration expenditure, in addition to funding ongoing exploration activities at the Company’s 100% owned Minyari Dome Project and for general working capital purposes. ....
Antipa Minerals Ltd s (ASX:AZY) Stephen Power speaks to Proactive s Andrew Scott following the news they, along with partner Rio Tinto Exploration Pty. ....
Antipa Minerals and partner Rio Tinto increase Calibre gold resource 62% to 2.1 million ounces As well as the gold, Calibre s inferred estimate update includes 103,700 tonnes of copper and 1.3 million ounces of silver. Further extensional drilling is planned, supported by a JV 2021 exploration budget of $24.5 million. Antipa Minerals Ltd (ASX:AZY) and partner Rio Tinto Exploration Pty Limited (ASX:RIO) have increased the resource estimate of the Calibre deposit in Western Australia s Paterson Province by 62% to 2.1 million ounces of gold. The updated inferred estimate incorporates the results of drilling completed in 2020 and totals 92 million tonnes at 0.92 g/t gold‐equivalent (0.72 g/t gold, 0.11% copper and 0.46 g/t silver) containing 2.7 million gold‐equivalent ounces (2.1 million ounces of gold, 103,700 tonnes of copper and 1.3 million ounces of silver). ....
Antipa Minerals completes $22 million placement and launches $3 million SPP The company plans to use the proceeds from the capital raising to maintain its 35% interest in the Citadel Joint Venture with Rio Tinto and to accelerate exploration and appraisal activities at Minyari Dome Project. A share purchase plan (SPP) to raise up to A$3 million opens today. Antipa Minerals Ltd (ASX:AZY) has completed an institutional placement of more than 523.8 million shares at a price of A$0.42 per share to raise A$22 million. The company now holds in excess of A$28 million in cash and this is expected to be boosted further through a A$3 million share purchase plan (SSP) that opens today. ....