Antipa Minerals Limited · ASX:AZY

Antipa Minerals — Ignite Investor Summit Hong Kong (April 2026)

50 slides from Antipa Minerals's conference presentation, Apr 14, 2026

  1. Slide 1: Dominant 100% Owned Paterson Province Landholding Featuring Minyari Dome

    For personal use only WITH A DOMINANT 100% OWNED PATERSON PROVINCE LANDHOLDING FEATURING THE STAND-ALONE MINYARI DOME GOLD-COPPER DEVELOPMENT PROJECT ASX: AZY | April 2026

  2. Slide 2: Disclaimer

    DISCLAIMER Refer to Antipa Minerals ASX release 24 October 2024 “Minyari Scoping Study Update Confirms Development Potential”, for full Scoping Study details. Antipa Minerals confirms that it is not aware of any new information or data that materially affects the information included in that release

  3. Slide 3: Acknowledgement of Traditional Custodians

    For personal use only ANTIPA MINERALS ACKNOWLEDGES THE TRADITIONAL CUSTODIANS OF COUNTRY THROUGHOUT AUSTRALIA AND THEIR CONNECTIONS TO LAND, SEA AND COMMUNITY WE PAY OUR RESPECTS TO THEIR ELDERS PAST AND PRESENT, EXTENDING THAT RESPECT TO ALL ABORIGINAL AND TORRES STRAIT ISLANDER PEOPLES TODAY INVES

  4. Slide 4: Investment highlights: 2.9 Moz gold, 4,500 km2 package, Scoping Study

    For personal use only MASSIVE 2.9 MOZ GOLD A$1.8B GOLD 4,500 KM2 MINERAL DEVELOPMENT PACKAGE RESOURCE OPPORTUNITY Tier One Province Scale Large growth potential 2024 Scoping Study Proximal to the Telfer mine Plus NPV7% A$1.8B and Havieron and Winu 91,000 t of copper, and post-tax at development proj

  5. Slide 5: Total Resource Growth Over Time

    For personal use only TOTAL RESOURCE GROWTH OVER TIME DECEMBER 2025 2,700 koz Au 3,336 koz AuEq Gold-only Resource AuEq Resource MAY 2025 2,520 koz Au 3,083 koz AuEq SEPTEMBER 2024 2,424 koz Au 3,040 koz AuEq CURRENT RESOURCE MAY 2022 1,853 koz Au 2,298 koz AuEq 2.9 MOZ GOLD NOVEMBER 2017 MAY 2019 3

  6. Slide 6: Stand-alone Minyari Dome Resource Base

    STAND-ALONE MINYARI DOME GOLD-COPPER DEVELOPMENT PROJECT RESOURCE BASE For personal use only GOLD-ONLY CONTAINED RESOURCE (Moz GOLD) RESOURCE GRADE (g/t GOLD) 7.0 A GROWING, NEAR Youanmi 5.6 SURFACE MINERAL Dalgaranga 5.1 RESOURCE BASE Ravensthorpe 3.3 Havieron 2.6 4.5 IN COMBINATION WITH Kal East 2

  7. Slide 7: CY2025 results and CY2026 targets

    For personal use only  CY2025 results delivered both extensional success across multiple zones and multiple new discoveries  CY2026 targeting expansion of the existing near- surface Minyari Dome Mineral Resource to further enhance the development opportunity  Focus on extending the resources down

  8. Slide 8: Stand-alone Minyari Dome Gold-Copper Development Project

    STAND-ALONE MINYARI DOME GOLD-COPPER DEVELOPMENT PROJECT

  9. Slide 9: Stand-alone Minyari Dome Gold Development Project

    STAND-ALONE MINYARI DOME GOLD DEVELOPMENT PROJECT For personal use only A$1.8 B 110% 130 KOZ EXCEPTIONAL DEVELOPMENT NPV7% IRR Annual Production POTENTIAL CONFIRMED1 Post-tax at Post-tax at 1.3Moz Au for the first 10 COPPER UPSIDE A$ 5,000 / oz gold A$ 5,000 / oz gold years 2.7 MOZ 1.8 MOZ 1.3 MOZ 3

  10. Slide 10: Minyari Dome Development Free Cash Flow

    MINYARI DOME DEVELOPMENT FREE CASH FLOW PROJECTED ANNUAL FREE CASH FLOWS AT VARIOUS GOLD PRICE FORECASTS (POST-TAX, A$M)1 Year For personal use only 139 1 250 362 151 2 226 270 170 3 228 318 110 4 191 271 132 5 230 328 126 6 222 318 7 117 210 LOM FREE CASH FLOW (POST-TAX) 304 127 Gold price (per oz)

  11. Slide 11: Advancing Minyari Dome Toward FID

    ADVANCING THE STAND-ALONE MINYARI DOME GOLD-COPPER DEVELOPMENT PROJECT TOWARD FID For personal use only  Recruited highly experienced Study and Environment Managers PFS  Completion of multiple drilling programmes supporting PFS Mineral Resource Estimate, sterilisation drilling, geotechnical design

  12. Slide 12: Development timeline and key approval workstreams

    For personal use only CY26 CY27 CY28 CY29 CY30 Technical Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Deliverables1 Pre-Feasibility Study    Definitive Feasibility Study        FID (incl. Supporting Works) FEED/Long Lead Items    Construction/ Commissioning         Key App

  13. Slide 13: Growth and New Discovery Drilling

    GROWTH AND NEW DISCOVERY DRILLING

  14. Slide 14: Phase drilling programme results

    For personal use only Phase 1 Drilling Programme focused on testing priority resource growth and greenfield targets and existing prospects proximate to Minyari Dome - 41,000m of RC, diamond core and air core drilling New gold-copper discovery south of Rizzo and Fiama: Discovery plus broader target c

  15. Slide 15: Minyari Dome Resource Area Long Section

    MINYARI DOME RESOURCE AREA MINYARI DOME LONG SECTION LOOKING WEST For personal use only SIGNIFICANT DEPOSITS WITH MULTIPLE RESOURCE EXTENSION TARGETS INVESTOR PRESENTATION | 15

  16. Slide 16: Multiple Resource Extension Targets

    MULTIPLE RESOURCE EXTENSION TARGETS IDENTIFIED AT MINYARI DOME AND THE BROADER SATELLITE DEPOSITS TIMS DOME – 25KM TO MINYARI CHICKEN RANCH – 30KM TO MINYARI ZOOMED OUT MINYARI AND GEO-01 VIEW For personal use only INVESTOR PRESENTATION | 16

  17. Slide 17: Minyari Deposit Area

    MINYARI DEPOSIT AREA: MINYARI MRE: 1.9 MOZ GOLD, 69 KT COPPER, 579 KOZ SILVER AND 11 KT COBALT  Outstanding high-grade gold + copper-silver-cobalt mineralisation: For personal use only  154 metres at 2.1 g/t gold and 0.1% copper from 9m in 16MYC0045  142 metres at 1.9 g/t gold and 0.2% copper fro

  18. Slide 18: Minyari Deposit Area: Two New Discoveries

    MINYARI DEPOSIT AREA: TWO NEW DISCOVERIES TWO NEW LARGE-SCALE HIGH-IMPACT TARGET ZONES MINYARI MINYARI NORTH  Two new gold ± copper discoveries proximate to the MINYARI For personal use only existing Minyari resource NORTH  Both discoveries within favourable host rocks and fold Potential axis stru

  19. Slide 19: GEO-01 Deposit Area: Key Target Areas

    GEO-01 DEPOSIT AREA: KEY TARGET AREAS FEATURING DEPOSITS AT THE GEO-01 MAIN ZONE, CENTRAL, MINELLA, FIAMA, RIZZO, AND SURROUNDS  Large 1km by 800m gold-copper footprint For personal use only  Gold ± copper mineralisation remains open in several directions and at multiple deposits  CY2025 drilling

  20. Slide 20: GEO-01 Deposit Area: Fiama

    GEO-01 DEPOSIT AREA: FIAMA CURRENT MRE OF 130 KOZ OF GOLD WITH MAJOR UPSIDE1 Bonanza gold intersections returned in CY2025 drilling up to 520 gram- For personal use only metres in new extremely high-grade zones. Mineralisation remains open in multiple directions, with significant intercepts includin

  21. Slide 21: GEO-01 Deposit Area: Fiama North Discovery

    GEO-1 DEPOSIT AREA: FIAMA NORTH DISCOVERY MAIDEN RESOURCE OPPORTUNITY IDENTIFIED IN PFS DRILLING  Another new gold ± copper discovery, located just 65m north of Fiama For personal use only  Mineralisation exists beneath shallow cover of less than 5m  Discovery drill hole 25MYDG033 intersections i

  22. Slide 22: GEO-01 Deposit Area: New Rizzo-Fiama Extension

    GEO-01 DEPOSIT AREA: NEW RIZZO-FIAMA EXTENSION NEW GOLD ± COPPER DISCOVERY SOUTH OF RIZZO AND FIAMA1  Located 1.7km south of Minyari For personal use only  Opens a large 1km metre by 700m target area hosting three ore horizons under less than 5m of cover  To date, limited, broad spaced CY2025 dri

  23. Slide 23: GEO-01 Deposit Area: Minella

    GEO-01 DEPOSIT AREA: MINELLA CURRENT MRE: 29 KOZ OF GOLD WITH GROWTH EXPECTED1 CY2025 drilling extended gold-copper mineralisation from 100 to 240 For personal use only vertical metres below the surface and 130m along strike to the west Significant near-surface gold mineralisation:  67m at 1.1 g/t

  24. Slide 24: GEO-01 Deposit Area: Main Zone

    GEO-01 DEPOSIT AREA: MAIN ZONE MRE: 120 KOZ OF GOLD – GROWTH EXPECTED1  Multiple significant zones of high-grade gold mineralisation under 3-6m of sand cover: For personal use only  35m at 3.0 g/t gold from 20m in 24MYC0610, including:  16m at 5.6 g/t gold from 33m  50m at 2.3 g/t gold from 72m

  25. Slide 25: Reaper-Poblano-Serrano (RPS) Target

    REAPER-POBLANO-SERRANO (RPS) TARGET MRE: 230 KOZ OF GOLD – GROWTH EXPECTED1  Located 35km north of Minyari, with mineralisation under shallow cover (10 to 23m) For personal use only  Drilling has defined a 2km long by up to 250-metre-wide corridor hosting significant gold-copper-silver-tungsten mi

  26. Slide 26: New Yolanda Copper Discovery

    NEW YOLANDA COPPER DISCOVERY A VERY LARGE-SCALE COPPER TARGET1  New copper discovery located just 1km west of WACA For personal use only  Aerial electromagnetic conductivity anomaly  Shallow cover between 4 to 10m  Nine very broad spaced RC drill holes defined a 1.2km long by 220m wide copper an

  27. Slide 27: Playing a Major Role in the Region's Resurgence

    PLAYING A MAJOR ROLE IN THE REGIONS RESURGENCE OUTSTANDING GOLD MINING MULTIPLE GROWTH EXCELLENT FINANCIAL For personal use only LOCATION TARGETS FOUNDATION TIER-ONE GROUND PACKAGE PROXIMAL EXPLORATION PRESENTING SIZEABLE ROBUST CASH POSITION FUNDING TO THE TELFER MINE AND HAVIERON POTENTIAL FOR FUR

  28. Slide 28: For personal use only

    For personal use only

  29. Slide 29: Excellent Financial Foundation and Clean Capital Structure

    EXCELLENT FINANCIAL FOUNDATION AND CLEAN CAPITAL STRUCTURE For personal use only CAPITAL STRUCTURE | ASX: AZY SHARE REGISTER AND RESEARCH COVERAGE4 Share price1 A$0.635 14.1% Chester Asset Management Greatland Resources Shares on issue1 663M 6.2% Jupiter Asset Management 44.0% 5.4% Lion Selection Gr

  30. Slide 30: Highly Experienced and Motivated Executive Team

    HIGHLY EXPERIENCED AND MOTIVATED EXECUTIVE TEAM For personal use only Mark Rodda Roger Mason Neil Warburton Peter Buck Gary Johnson Stephen Power Luke Watson Executive Managing Non-Executive Non-Executive Non-Executive Non-Executive CFO and Company Chairperson Director and CEO Director Director Dire

  31. Slide 31: Committed to Social and Environmental Responsibility

    COMMITTED TO SOCIAL AND ENVIRONMENTAL RESPONSIBILITY For personal use only LOCAL COMMUNITY REGIONAL ECONOMIC CULTURAL HERITAGE SOCIALLY INCLUSIVE PARTNERSHIPS DEVELOPMENT PROTECTION WORKPLACE ENGAGING LOCAL EXPLORATION COLLABORATING COMMITTED TO PEOPLE AND INVESTMENT FOR WITH TRADITIONAL WORKPLACE D

  32. Slide 32: Shallow Young Cover Across a Large 4,500km2 Portfolio

    SHALLOW YOUNG COVER ACROSS A LARGE 4,500km2 PORTFOLIO1 For personal use only APPROXIMATELY 40% OF ANTIPA TENEMENTS ARE UNDER LESS THAN 20 METRES OF COVER APPROXIMATELY 75% OF ANTIPA TENEMENTS ARE UNDER LESS THAN 80 METRES OF COVER 1. Telfer and Havieron refer to Greatland Gold plc AIM release dated

  33. Slide 33: New Yolanda Copper Discovery

    NEW YOLANDA COPPER DISCOVERY A VERY LARGE-SCALE COPPER TARGET1  New copper discovery located just 1km west of WACA For personal use only  Aerial electromagnetic conductivity anomaly  Shallow cover between 4 to 10m  Nine very broad spaced RC drill holes defined a 1.2km long by 220m wide copper an

  34. Slide 34: Minyari Deposit Area: AL01 Target

    MINYARI DEPOSIT AREA: AL01 TARGET A VERY LARGE-SCALE AIR CORE GOLD TARGET1  Located 17km north of Minyari For personal use only  Multiple large AL01 gold-copper anomalies, with a combined strike of 4km – Anomalies remain open in most direction  Meta-sediment hosted gold and pathfinder anomaly: Ex

  35. Slide 35: Telfer Area: Jezabeel and Parklands

    TELFER AREA: JEZABEEL AND PARKLANDS TWO VERY-LARGE GREENFIELD SURFACE GEOCHEMICAL GOLD ANOMALIES LESS THAN 10KM FROM TELFER1 Jezabeel: Surface geochemical and RAB / air core gold anomaly For personal use only  Located just 4km northeast of Greatland Resources’ Telfer 22 Mtpa plant  Very large 3km

  36. Slide 36: Minyari Project Mineral Resource Estimate

    MINYARI PROJECT MINERAL RESOURCE ESTIMATE For personal use only 1. Rounding of numbers may cause apparent discrepancies in totals. 2. For full details of the Minyari Project Mineral Resources Estimate, please refer to ASX announcement dated 2 April 2026, “Minyari Project Resource Grows to 3.6 Moz Go

  37. Slide 37: Competent Persons Statements

    MINYARI PROJECT MINERAL RESOURCE ESTIMATE COMPETENT PERSONS STATEMENTS Competent Persons Statement – Exploration Results The information in this document that relates to Exploration Results is based on and fairly represents information and supporting documentation compiled by Mr Roger Mason, a Compe

  38. Slide 38: Competent Persons Statement Exploration Results

    COMPETENT PERSONS STATEMENT COMPETENT PERSONS STATEMENT EXPLORATION RESULTS Various information in this report which relates to Exploration Results have been extracted from the following announcements lodged on the ASX, where further details, including JORC Code reporting tables, can also be found:

  39. Slide 39: Top Australian Gold Projects: Reference Information

    TOP AUSTRALIAN GOLD PROJECTS TOP AUSTRALIAN GOLD PROJECTS: REFERENCE INFORMATION Project Company Contained Au Resource Grade Measured Resources Indicated Resources Inferred Resources Stage Study Level Source (Moz) (g/t Au) (Mt) (Mt) (Mt) (completed) For personal use only Havieron3 Greatland Resource

  40. Slide 40: Scoping Study Detail

    STAND-ALONE MINYARI DOME GOLD-COPPER DEVELOPMENT PROJECT SCOPING STUDY DETAIL

  41. Slide 41: Project Summary: Base Case Highlights

    PROJECT SUMMARY: BASE CASE HIGHLIGHTS1 MINE SCHEDULE MINING PHYSICALS STANDARD CIL PLANT For personal use only 30.2 Mt at 1.5 g/t Au 3 Mtpa throughput 90% gold recovery Initial open pit and underground mine For 10+ years initial processing life Simple non-refractory metallurgy INITIAL GOLD OUTPUT FO

  42. Slide 42: Project Summary: Base Case Sensitivity Analysis

    PROJECT SUMMARY: BASE CASE SENSITIVITY ANALYSIS NPV SENSITIVITY ANALYSIS (PRE-TAX, A$3,000/oz AU)1 PROJECT PROVIDES TREMENDOUS GOLD PRICE UPSIDE1 For personal use only NPV7% UoM Base Mid-2025 Feb-2026 A$834M Gold price assumption A$/oz 3,000 4,0002 5,000 NPV7% (pre-tax) A$M 834 1,696 2,557 Gold Pric

  43. Slide 43: Project Summary: Optimal Processing Case

    PROJECT SUMMARY: OPTIMAL PROCESSING CASE MINYARI DOME STAND ALONE DEVELOPMENT OPPORTUNITY1 OPTIMAL CASE For personal use only  Two standard processing facility options 13.5 M tonnes evaluated: Au open pit ore  a gravity and CIL plant for a Gold- OPEN PIT GOLD Focused case producing doré gold; and

  44. Slide 44: Project Summary: Base Case

    PROJECT SUMMARY: BASE CASE PROJECT PARAMETERS: BASE CASE (± 35%)1 KEY POTENTIAL UPSIDE DRIVERS For personal use only Tonnes Mt 30.2  Mine schedule and operating life extension to be enabled by: Gold grade g/t 1.5 Contained ounces of gold Moz 1.5  Mineral Resource extensions at multiple deposits Pl

  45. Slide 45: Project Summary: Cost Analysis

    PROJECT SUMMARY: COST ANALYSIS CAPITAL COST ESTIMATE (DEVELOPMENT+ SUSTAINING)1 OPERATING COST ESTIMATE1 For personal use only Area A$M Area A$ Processing Plant (3 Mtpa CIL) 96.2 Mining – Open pit 26.50/t ore Contingency 9.6 Mining – Underground 80.00/t ore Infrastructure - Process 36.0 Infrastructu

  46. Slide 46: Project Summary: Mining Approach

    PROJECT SUMMARY: MINING APPROACH CONCEPTUAL CONFIGURATION – OPEN PIT and UNDERGROUND MINE DESIGN1 For personal use only View bearing -16° to 098° Mining Method / Approach:  Contractor mining  Five open pits and one underground mine  Minyari deposit accounts for 95% of the gold production  Econom

  47. Slide 47: Project Summary: Production Profile

    PROJECT SUMMARY: PRODUCTION PROFILE PRODUCTION PROFILE PROJECTION1 PRODUCTION DETAIL1 For personal use only Recovered gold (koz)  1.32 Moz total gold produced:  forecast annual output of up to 145 142 139 144 136 145,000 ounces of gold in Year 5 134 120  average of 130,000 ounces of gold 115 114

  48. Slide 48: Project Summary: Mining Schedule

    PROJECT SUMMARY: MINING SCHEDULE MINING SCHEDULE: BY RESOURCE CLASSIFICATION1 MINING SCHEDULE: OPEN PIT AND UNDERGROUND1 For personal use only 1. Minyari Dome Project Scoping Study Update dated 24 October 2024 completed to ±35% level of accuracy. INVESTOR PRESENTATION | 48

  49. Slide 49: Project Summary: Configuration and Processing

    PROJECT SUMMARY: CONFIGURATION AND PROCESSING CONCEPTUAL CONFIGURATION1 PROJECT PROCESSING SCHEDULE1 For personal use only 500 m 3,500 3.50 Mill feed (kt) Gold grade (g/t) 3,000 3.00 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 Mining Method / Approach: 2,500 2.50  Contractor mining  Five

  50. Slide 50: Thank You

    ANTIPAMINERALS IAANK YOU

Antipa Minerals — Ignite Investor Summit Hong Kong (April 2026) on 6ix