ANTIPA MINERALS LIMITED (AZY)
Share Price Analysis and Chart

04/08/2025

1

Buy, High Risk

$0.86

38.71%

Antipa Minerals released assay results from the second batch of 54 holes out of the 304-hole Phase 1 drill program for 2025 totaling 34km at the Minyari gold copper project.

The results confirmed resource expansion potential at known deposits and a new gold-copper discovery south of Fiama and Rizzo.

Shaw and Partners notes Minyari is shaping up to be commercially viable and strategically attractive, and consolidation talks with players like Greatland Resources ((GGP)) (Telfer) seem likely as Antipa advances the project.

Buy, High Risk. Target unchanged at 86c.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.00 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.

27/08/2025

1

Speculative Buy

$1.10

77.42%

Antipa Minerals published the third batch of drilling results from the Phase 1 drill program at the Minyari Dome gold project, marking 60% of the result release to date.

Canaccord Genuity notes the latest result extended Fiama mineralisation and confirmed a new discovery at Rizzo. Strong Fiama intercepts demonstrate grade and scale uplift potential, reinforcing the project’s development credentials.

Commentary suggests the balance sheet with $71m cash supports accelerated exploration and derisks study work, while momentum into Phase 2 and the 2026 PFS suggests further re-rating potential if resource growth continues.

Speculative Buy. Target lifted to $1.10 from $1.04 after updating model to reflect latest quarterly report and $40m capital raise.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -3.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -3.00 cents.