Antipa Minerals' Minyari Dome Open Pit Material Higher Margin Than Greatland Resources' West Dome, Euroz Hartleys Says

MT Newswires Live04-07

Antipa Minerals' (ASX:AZY) Minyari Dome open pit material is higher margin material compared with Greatland Resources' (ASX:GGP) West Dome open pit due to its grade, Euroz Hartleys said in an April 2 note.

Minyari Dome open pit only resource is at 31.7 million tonnes at 1.7 grams per tonne (g/t) grade of gold and 0.2% copper, while Greatland Resources' recent resource upgrade shows West Dome open pit is at 338 million tonnes at 0.5 g/t grade of gold and 0.04% copper.

The company's updated mineral resource estimate is at 69 million tonnes at 1.3 g/t grade of gold, containing 2.9 million ounces of gold, or 3.6 million ounces at 1.6 g/t gold equivalent.

The total mineral resource estimate was previously 3.3 million ounces gold equivalent at 1.5 g/t grade of gold.

Euroz Hartleys maintained a speculative buy recommendation on Antipa Minerals while its AU$0.90 price target is under review.

Antipa Minerals shares rose 2% in afternoon trade Tuesday, while Greatland Resources shares were up nearly 5%.

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