Antipa Minerals (ASX:AZY) Secures Full Ownership of Paterson Project, Eyes Future Expansion

April 10, 2025 12:49 PM AEST | By Team Kalkine Media

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Antipa Minerals (ASX:AZY) Secures Full Ownership of Paterson Project, Eyes Future Expansion — Image source: shutterstock

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Highlights

Antipa Minerals (AZY) retains complete control over the Paterson Project.

Project area hosts significant mineral resources, including gold and copper.

Plans for an extensive exploration program in early 2025.

Antipa Minerals Ltd (ASX:AZY) recently announced a significant update regarding its Paterson Project, with IGO Newsearch Pty Ltd opting out of their farm-in agreement, effective from April 30, 2025. This development allows Antipa to maintain full ownership of the project, positioning the company to leverage the extensive mineral resources within the project area independently.

Located in a strategically important mining region, the Paterson Project now spans approximately 4,060 km². It boasts an impressive mineral resource estimate, including 2.3 million ounces of gold, 83,500 tonnes of copper, 661,000 ounces of silver, and 13,000 tonnes of cobalt. These figures underscore the project's substantial contribution to the region's mining potential.

In the wake of the recent exploration efforts, particularly the air core drilling conducted in late 2024, Antipa has successfully expanded the GEO-01 and Rizzo gold mineralization footprints. The company is optimistic about the additional targets that the ongoing project-scale interpretation and data modeling are expected to uncover.

Looking ahead, Antipa is gearing up for a robust exploration initiative scheduled for the first half of 2025. The focus will be on priority targets near Minyari, supported by the company's strong financial standing. This planned exploration is aimed at not only extending the known mineral zones but also at identifying new resource opportunities within the project area.

Roger Mason, Managing Director and CEO of Antipa, expressed enthusiasm about the company’s prospects, citing strategic foresight and early initiatives as key factors in securing a competitive edge. "The full retention of this project is a fantastic result for Antipa, delivering a twofold benefit: first, the tenement package completely surrounds our flagship Minyari Dome Project, further enhancing any future standalone development; and second, while exploration has been focused on copper discoveries for several years, we have long recognized multiple gold-dominant opportunities on this ground which we are excited to now be able to properly interrogate," stated Mason.

As Antipa Minerals (AZY) continues to consolidate its holdings in the Paterson Province, its strategic position is expected to play a pivotal role in shaping the future landscape of mining in the region. The company's commitment to exploring and developing these resources promises to bring exciting developments in the coming years.

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