Antipa Minerals Limited (ASX: AZY) has reached an agreement with major shareholder and farm-in partner, Newcrest Mining Limited for several high priority Wilki Project targets to be removed from the Wilki Project farm-in in Western Australia.
Under the terms of the agreement, Antipa will regain sole rights to, and operational control of a 733 sq. km tenement package containing the Tetris, Pacman and Pixel targets, and in return Newcrest will be entitled to a 1.5% NSR over those tenements. The package contains the exciting Havieron analogue target (Tetris) located approximately 80km from Telfer and 50km from the Minyari Dome Project (100% Antipa).
The Wilki Project now comprises approximately 1,470 sq. km in total landholding and includes the previously defined Chicken Ranch and Tim’s Dome 103.5 koz (combined) Inferred Mineral Resource Estimates , which are located within 15km of the Telfer gold-copper-silver mine and 22 Mtpa processing facility.
Newcrest remains committed to the farm-in agreement, having deployed in excess of A$8.5M to date on greenfield exploration for Havieron and Telfer analogue targets with a focus on anomalies proximal to Telfer. All other terms of the Wilki Farm-in and JV agreements are unchanged for the reduced, more Telfer centric Wilki Project area, with Newcrest entitled to earn up to 75% in the Project by sole funding A$60M in exploration before March 2028.
We are delighted to have re-secured a 100% controlled interest in the Tetris, Pacman and Pixel targets,” Antipa’s Managing Director, Roger Mason, said.
“Our highly experienced Paterson Province exploration team is excited to test several Havieron look-alike magnetic and/or gravity targets, most of which are drill ready. Over the last decade there’s been a heavy reliance on magnetics and AEM for target identification, and whilst this approach has led to a number of discoveries the use of gravity to detect high-grade copper.”
