Antipa Minerals

What Antipa Minerals does

Antipa Minerals Ltd (ASX:AZY) is an Australian mineral exploration and development company founded in 2011 and headquartered in West Perth, Western Australia. The company is focused on discovering and advancing gold-copper-silver deposits in the Paterson Province of Western Australia — a Tier-1 mining district hosting the Telfer mine and the Havieron and Winu development projects. Its flagship asset is the 100%-owned Minyari Dome Development Project, located approximately 35 km north of Greatland Gold's Telfer mine and processing facility, which contains combined Mineral Resources of 2.9 Moz gold, 91,000 tonnes of copper, 880 koz of silver, and 13,000 tonnes of cobalt across multiple deposits (Minyari, WACA, GEO-01, Minella, Fiama), with total gold equivalent resources of 3.6 Moz as of April 2026.

Antipa's business model is a multi-stage mineral development approach: (i) generate exploration targets and grow resources through systematic drilling — currently executing a 41,000-metre drilling campaign initiated in April 2026; (ii) advance project economics through technical studies, anchored by the October 2024 Scoping Study (post-tax NPV A$1.8B, IRR 110%, AISC A$1,721/oz, ~9-month payback at US$3,500/oz gold); and (iii) ultimately develop a standalone gold-copper operation with simple non-refractory CIL metallurgy. The company controls a 4,500 km² land package and has historically partnered with majors (Rio Tinto at Citadel, Newcrest, IGO) via farm-in arrangements, while also retaining 100% of core tenements. Antipa is pre-revenue, funded by equity capital raisings (cumulative A$100M+ since 2019, including a A$40M placement in July 2025), and is advancing toward a targeted mid-2028 final investment decision. Its go-to-market targets institutional and retail shareholders on the ASX, with active coverage by Hannam & Partners and East Coast Research and inclusion in the S&P All Ordinaries Index since September 2025.

Name

Antipa Minerals

Legal name

Antipa Minerals Ltd.

Website

https://antipaminerals.com.au

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Antipa Minerals is a pre-revenue Australian gold-copper-silver exploration and development company advancing its 100%-owned Minyari Dome Project in the Paterson Province of Western Australia toward a targeted mid-2028 production decision.

Ownership category

akta.pro rank

Product category

Gold-Copper Mineral Exploration and Development

NAICS

Mining (except Oil and Gas) (212), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Gold mining exploration
• Copper mineral development
• Mineral resource extraction
• Paterson province exploration
• Precious metals development

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Infrastructure, Others

Revenue model

1. Mineral Development and Production: Antipa Minerals is advancing towards becoming a commercial mining operation through systematic exploration and development of its Minyari Dome Project. The company aims to generate revenue through gold, copper, and silver production from its 100%-owned development project once feasibility studies are completed and production commences.
2. Joint Venture and Farm-in Agreements: The company generates value through farm-in and joint venture arrangements with major mining companies on its non-core tenements, such as the Citadel Project with Rio Tinto and Paterson Project arrangements with IGO and Newmont.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Antipa Minerals is a mineral exploration and development company advancing the 100%-owned Minyari Dome Gold-Copper Project and broader Paterson Province tenements in Western Australia toward production. Its offering comprises identified gold-copper-silver Mineral Resources (3.6Moz Gold Equivalent), ongoing drilling and resource growth programmes, and farm-in/joint venture opportunities on non-core tenements for major mining partners. The company is pre-revenue and intends to eventually produce and sell gold, copper, and silver from its flagship project.

Product overview

Antipa Minerals is a premier Australian mineral exploration and development company operating a portfolio of gold-copper-silver projects in the Paterson Province of Western Australia. The core product is the 100% owned Minyari Dome Development Project, a standalone gold-copper development opportunity. The company also maintains exploration activities at the Wilki Project and holds interests in the broader Paterson Province tenements covering over 4,500km2. The portfolio includes multiple deposits (Minyari, WACA, GEO-01, Fiama, Minella) with combined resources of 2.9 Moz gold, 91,000 tonnes copper, and 880koz silver.

Differentiator

Problem solved

Functional benefit

Products and services

• Minyari Dome Development Project Flagship 100%-owned standalone gold-copper-silver development project located in the Paterson Province of Western Australia, approximately 35km north of Greatland's Telfer mine. Hosts multiple deposits (Minyari, WACA, Fiama, GEO-01, Minella, and satellites) with combined resources of 2.9Moz gold, 91,000t copper, 880koz silver, and 13,000t cobalt.
• Wilki Project Exploration project in the Paterson Province of Western Australia, historically subject to farm-in arrangements with Newmont. The company retains 100% ownership following the conclusion of farm-in arrangements.
• Paterson Province Exploration Tenure 4,500km² land package in the highly prospective Paterson Province of Western Australia, proximal to the Telfer mine and Havieron and Winu development projects, featuring greenfield and brownfield exploration opportunities.

Quantifiable outcome

• Post-tax NPV of A$1.8B at 7% discount rate
• +4 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Greatland GoldminorStrategic or Co-development Partner · 25 October 2024Greatland Gold is the operator of the nearby Telfer gold-copper-silver mine and 22 Mtpa processing facility, located approximately 35km south of Antipa's Minyari Dome Project. Havieron development project is located 28km south of Minyari Dome. This is a geographic proximity relationship rather than formal partnership.
• IGO LimitedminorStrategic or Co-development Partner · 9 July 2020IGO Limited entered into a $30m Farm-in agreement for the Paterson Project with Antipa Minerals. The farm-in allowed IGO to earn an interest in the project through exploration expenditure. The company has since regained 100% ownership of its Paterson Province tenements.
• Rio TintocoreStrategic or Co-development Partner · 27 March 2019Rio Tinto earned a 51% joint venture interest in the Citadel Project through a farm-in arrangement, with subsequent stages of investment. Rio Tinto has invested significantly in exploration at Citadel including the Calibre deposit. The Citadel JV interest was subsequently sold for A$17M in October 2024.
• SumitomominorStrategic or Co-development PartnerSumitomo is a partner with Rio Tinto in the Winu copper-gold-silver development project located approximately 75km south of Antipa's Minyari Dome Project. This is a geographic proximity relationship noting regional infrastructure synergies.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Greatland Gold: UK-listed gold-copper explorer and developer operating Telfer mine and Havieron development project in the same Paterson Province as Antipa. Most directly comparable peer given shared geography, commodity focus, and development stage.

Broad incumbents

• IGO Limited: Australian diversified mining company with substantial Paterson Province exposure through its previous farm-in with Antipa and the Nova nickel operation. Comparable as a regional player with significant gold and critical minerals interests.
• Rio Tinto: Global mining major operating the adjacent Winu copper-gold project in the Paterson Province. Comparable as a regional incumbent with gold-copper exposure overlapping Antipa's project area.

Regional players

• Ramelius Resources: Mid-tier Australian gold producer with operations in Western Australia. Comparable as an ASX-listed gold company progressing from developer to producer status, providing a benchmark for Antipa's development trajectory.
• Capricorn Metals: Australian gold developer/producer advancing the Karlawinda gold project in Western Australia. Comparable development-stage ASX-listed gold company with similar standalone project economics.
• Westgold Resources: Australian gold producer with multiple operations in Western Australia. Comparable ASX-listed gold company with active drilling and resource growth profile in the same jurisdiction.
• Genesis Minerals: Australian gold developer advancing the Ulysses and Leonora gold projects in Western Australia. Comparable ASX-listed gold developer at similar stage of feasibility study advancement.

Emerging players

• Spartan Resources: Australian gold explorer with assets in Western Australia. Comparable emerging gold developer with similar size and resource stage to Antipa.
• Rumble Resources: Australian mineral explorer with the Earaheedy zinc-lead project in Western Australia. Comparable as a small-cap ASX-listed explorer with early-stage resource development focus.
• Strickland Metals: Australian gold and base metals explorer with projects in Western Australia. Comparable as a junior ASX-listed explorer advancing early-stage gold resources.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/antipa-minerals

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Antipa Minerals