Argonaut, as Lead Manager to the Placement, has successfully raised approximately A$7 million for Antipa Minerals Limited in 2016 to further explore the Company’s 100% owned North Telfer Project. Antipa Minerals Limited is an exploration company with several projects in the Paterson Province which hosts world-class mineral deposits including the Telfer gold-copper-silver mine, the Winu copper deposit and the Havieron gold discovery. The Placement was oversubscribed from Australian investors and affiliates, clients of the Sprott Group of Companies and a share purchase plan to existing shareholders.

Antipa Minerals Limited (ASX: AZY) has landholding and exploration tenure to mine world-class gold, copper and silver resources in east Paterson, Western Australia which includes a farm-in agreement with Rio Tinto, Newcrest Mining and IGO Limited. Antipa Minerals Limited is also involved in the Citadel Project in north Paterson, which holds gold-copper-silver-tungsten deposits from the underexplored Proterozoic stratigraphy of the location, and the wholly-owned North Telfer Project, which features gold-copper-silver-cobalt resources from the Minyari and WACA deposits.