Antipa Minerals (ASX: AZY) has significantly boosted the gold equivalent resource at its 100%-owned Minyari Project.
Antipa announced an updated JORC 2012 Mineral Resource Estimate (MRE) for Minyari, which now stands at 69 Mt at 1.33 g/t gold, containing 2.9 Moz gold and 3.6 Moz gold equivalent (AuEq).
The 9% increase was driven by a notable rise in higher-confidence Indicated ounces, which now comprise 76% of the total resource.
The Minyari Dome deposit group, which forms the basis of the ongoing Pre-Feasibility Study, now hosts 2.5 Moz gold (3.2 Moz AuEq).
Crucially, 85% of this contained gold is classified in the Indicated category.
Increased Confidence in Indicated Ounces
Confidence in the resource base has materially improved, particularly within the dominant Minyari deposit.
This deposit now has 97% of its 1.9 Moz gold resource categorised as Indicated, amounting to 1.8 Moz of Indicated gold.
This shift towards higher confidence Indicated ounces strengthens the technical basis for future mine planning and the overall Pre-Feasibility Study development.
Such a reclassification typically reduces technical risk and supports the bankability profile of a resource.
The updated resource also highlights significant by-product credits, including 91 kt of copper, 880 koz of silver, and 13 kt of cobalt across the project.
Exploration Upside and New Discoveries
Beyond the existing footprint, the updated MRE includes a maiden resource for the RPS deposits (Poblano and Serrano), adding 230 koz gold along with associated copper and silver.
Management expects substantial further growth from these areas.
Antipa Minerals continues its exploration programme for the remainder of CY2026, targeting further growth to the existing MRE and maiden resource development.
Priority zones include Fiama, GEO-01 Main Zone, Minyari Northern Repeat, WACA repeats, and the expanded RPS (Poblano-Serrano) trend.
Foundation for Pre-Feasibility Study
The resource upgrade provides a robust foundation for the ongoing Pre-Feasibility Study (PFS) for the Minyari Project.
The increased proportion of Indicated resources reduces technical risk and enhances the project's overall bankability, supporting more confident mine design and planning.
Antipa Minerals expects this updated resource to underpin future development studies.
This progression is vital for advancing the project towards a potential development decision, strengthening the case for a standalone, scalable open pit and underground mining opportunity.
