Antipa Minerals Ltd (ASX:AZY) Announces Strategic Placement to Raise A$40 Million

Strategic Placement Secures A$40 Million

Antipa Minerals Ltd (ASX:AZY) has announced a successful institutional placement to raise A$40 million, enabling the company to expand its resource growth and advance the Minyari Gold-Copper Project toward development.

Funding and Project Development

Combined with existing funds of approximately A$36 million, the placement will result in a cash balance of around A$74 million after placement costs. This funding will support a Pre-feasibility Study by June 2026 and a Definitive Feasibility Study ahead of a potential Final Investment Decision in March 2027.

Investor Support and Future Drilling

The placement is backed by high-quality investors, including existing institutional shareholders and new global institutional investors. The funds will also enable immediate follow-up drilling from the ongoing Phase 1 CY2025 Growth and Discovery Programme, allowing flexibility to capitalise on success and test additional high-priority targets.

Executive Comments

Managing Director, Roger Mason, stated, “This successful equity raise provides the financial flexibility and certainty required to unlock the full value of the Minyari Development. Our current cash balance of approximately A$36 million will now be applied to completing the PFS by June next year and the ongoing Phase 1 Growth and Discovery Drill Programme. The additional funds enable Phase 2 follow-up drilling and completion of the requisite technical work to deliver a DFS, while maintaining a working capital position that provides corporate optionality. Armed with a strong cash balance, aggressive drilling programmes, and workstreams advancing towards delivery of a PFS – which is now planned and funded to be followed rapidly by a DFS – we are very well positioned to deliver further growth and move decisively towards development. We are grateful for the strong support from existing shareholders and pleased to welcome a number of high-quality new investors to the register.”

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Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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