Why Antipa Minerals Jumped Today

At the time of writing, shares of Antipa Minerals Ltd [ASX:AZY] are up by 16.67% to 1.4 cents per share.

Why did Antipa Minerals Ltd shares do this?

The company generated a number of drill targets from the Gradient Array Induced Polarisation (GAIP) survey at Tim’s Done. Tim’s Dome is located in the prospective Paterson Province of Western Australia. The province sits around 12 kilometres of Newcrest Mining Ltd’s [ASX:NCM] world-class Telfer gold-copper-silver mine, which has produced more than 12 million ounces in the past.

What now for Antipa Minerals Ltd?

Eleven targets were identified at Tim’s Dome for drill testing. A 7,000 metre drill program has started at these targets.

Tim’s Dome’s prospective, in relation to Telfer, is shown on the map below:

Antipa Minerals
Source: Antipa Minerals

There’s a lot of excitement about the Patterson’s Province in Western Australia. Given Telfer produced ~12 million ounces up the road, geologists wonder whether another big deposit exists close-by. If one exists, Antipa Minerals owns some of the most promising land in the district to make a world-class discovery.

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Most exploration at Tim’s Dome has focused on the western side of the dome in the past, however. The western side is known for significant sub-cropping and generally has low to moderate grade gold mineralisation.

Anitpa Resources says the eastern side of the dome is more prospective for high-grade gold mineralisation. That’s where it’s found numerous Telfer reef style gold targets, which could potentially unearth a monster world-class discovery.

The bottom line: it’s certainly an exciting time for the company. But its early days for shareholders ― the proof will be in the pudding, as the saying goes. If the company taps high-grade gold during this drill program, the market could get excited and drive the share price significantly higher. That could attract significant capital towards the junior precious metals sector.

Jason Stevenson,
Resources Analyst, Markets & Money

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Jason Stevenson is Markets & Money’s resource analyst. He shares over a decade’s worth of investing and trading experience across resource stocks and commodity futures and options. He originally studied accounting and finance at Curtin University, where he was awarded a first-class honours degree. His professional background stems across high-net-worth, top tier accounting (corporate finance, tax and auditing), and sell-side equities research. Before joining the team at Markets and Money, Jason worked at boutique firms which advised fund managers and high-net-worth clients on where to invest. Whether it’s gold, crude oil, copper or an obscure metal like vanadium, you can rely on an in-depth analysis in Markets and Money. Jason also brings you extensive macro, political and geopolitical analysis from around the world. He leaves no stone unturned when it comes to telling the truth. Jason is also the lead analyst of Gold Stock Trader, a premium service for investors serious about precious metal stocks. Websites and financial e-letters Jason writes for:


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