Antipa Minerals (AZY) 2025 Earnings Call Presentation

Project Overview - Antipa Minerals holds a 100% ownership of the Paterson Province landholding, featuring the Minyari Dome gold-copper development project[1] - The project has a pre-tax NPV7% of A$834 million at a gold price of A$3,000 per ounce[16, 21] - The project has a gold equivalent resource of 2.9 million ounces[21] - The project has a contained gold only resource of 2.4 million ounces[21] Financials and Operations - The initial gold output is projected at 1.3 million ounces, averaging 130,000 ounces per year for the first 10 years[21] - The initial capital cost is estimated at A$306 million, including A$90 million for pre-production mining[21] - The project anticipates a 3 Mtpa throughput for a 10+ year initial processing life[21] - The project has an IRR of 52% pre-tax at a gold price of A$3,000 per ounce[21] Exploration and Resources - The company has A$71 million cash position[16] - The company has a land package of over 4,100km2[16] - The company has a mineral resource of 2.5 Moz of gold, 84,000 t of copper, and 666 koz of silver[16]