ANTIPA MINERALS LIMITED (AZY)
Share Price Analysis and Chart

04/08/2025

1

Buy, High Risk

$0.86

45.76%

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 FY26 dividend of 0.00 cents and EPS of 0.00 cents.

30/09/2025

1

Speculative Buy

$1.25

111.86%

Canaccord Genuity has updated its long-term (from 2029) gold price forecast by 8.2% to US$4,173/oz, and the medium-term 2026/27/28 by 8.9%/8.5%/8.2%, respectively, in line with the forward curve.

For silver, the broker lifted the long-term price forecast by 14.5% to US$47.8/oz while long-term forex forecasts were left unchanged.

This has resulted in an average 13% rise in the broker's target price for senior producers, 12% for intermediate/junior producers, and 12% for explorers/developers.

Target price for Antipa Minerals rises to $1.25 from $1.10. Speculative Buy retained.

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