Antipa begins exploration at Rio Tinto-funded Citadel project

Antipa Minerals has launched on-ground exploration at its Citadel joint venture project in Western Australia’s Paterson Province.

The exploration program is fully funded by Rio Tinto through its exploration arm and includes a budget of $3.4 million for the 2019 calendar year.

Activities include a major ground-based electrical geophysical survey and gradient array induced polarisation within an area which encompasses around 620 square kilometres that commenced July 20 this year.

The exploration campaign also includes a 2300 metre combined diamond and reverse circulation drill program testing resource extension targets at the Calibre gold-copper-silver deposit planned to commence in August.

Rio Tinto’s funding will also incorporate a 4000 metre aircore drill program testing eight existing copper-gold targets that will start in August, and a 4000 metre RC drill program testing two existing copper-gold targets and potential targets generated from the current geophysical survey.

Antipa’s dual exploration strategy in the Paterson Province aims to deliver both greenfield discoveries and increase brownfield gold and copper resources during 2019.

As part of the Citadel farm-in joint venture, Rio Tinto must meet specific funding requirements to earn up to a 75 per cent interest in the project.

This includes $3 million expenditure within 18 months of executing the agreement which has now been achieved and a further $8 million spent on exploration activities within a three-year period which commenced on April 11, 2017.

Rio Tinto has a right to withdraw from the Citadel farm-in at the completion of each annual exploration program.

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