Antipa Minerals (AZY) Earnings Call Presentation

Minyari Dome Project Overview - The Minyari Dome project has a pre-tax NPV7% of A$834 million at a gold price of A$3,000/oz [15], with an IRR of 52% at the same gold price [21] - The project's initial gold output is estimated at 13 million ounces, averaging 130,000 ounces per year for the first 10 years [21] - The capital cost for the project is A$306 million, including A$90 million for pre-production mining [21] - The project has a gold equivalent resource of 29 million ounces [21] Resource and Exploration - The Minyari Dome Mineral Resource is estimated at 24 million ounces of gold [15] - Antipa Minerals holds a dominant 100% owned Paterson Province landholding of over 4,100km2 [1, 15] - Phase 1 CY2025 growth-focused drilling program completed 59 holes for 12,243m [46] - The company has A$71 million cash position [15] Development and Mining - The mine schedule includes 302 Mt at 15 g/t Au, with initial open pit and underground mining [21] - The mining physicals include a 3 Mtpa throughput for 10+ years initial processing life [21] - The project anticipates average gold recoveries of 90% [28] Corporate and Financial - The company's market capitalization is A$366 million [104] - The company has a clean capital structure with nil debt [103, 104]