Antipa Minerals (AZY)

Shares / Stock Code

AZY

Stock Exchange / Sharemarket

ax

Antipa Minerals (AZY) was formed with the objective of identifying under-explored mineral projects in mineral provinces, which have the potential to host mineral deposits. The company owns a package of prospective tenements in the Proterozoic Paterson Province of Western Australia known as the Citadel Project. The Citadel Project is located in northwest Western Australia approximately 400 km east of Port Headland and 1,300 km northeast of Perth. It consists of four exploration licenses covering an area of approximately 1,414 km2 of highly prospective but grossly under explored stratigraphy. Antipa Minerals Limited believes the Citadel Project is prospective for the discovery of world-class gold, copper/base-metal, tungsten and uranium deposits.

As of May 31, 2011, Antipa entered into a contract with Australian Contract Mining Pty Ltd to carry out its upcoming drilling campaign on the Citadel Project. The contract provides for the provision of up to two diamond drill rigs and one RC drill rig to carry out between 12,000 and 15,000 meters of drilling on the company’s Citadel Project.