市场见解

Here’s why the Antipa Minerals (ASX:AZY) share price is sliding today

The mining explorer’s shares are failing to catch bids after the latest company update.
The post Here’s why the Antipa Minerals (ASX:AZY) share price is sliding today appeared first on The Motley Fool Australia. –

Shares in mining exploration company Antipa Minerals Ltd (ASX: AZY) are struggling to find range today and are now 4% in the red at 4.8 cents. That’s after reaching as low as 4.2 cents soon after open.

Antipa’s share price has been on the move as investors respond to a company announcement on its Wilki Farm‐in Project and Paterson Farm‐in Project exploration programmes. For reference, Newcrest Operations Limited and IGO Limited (ASX: IGO) respectively are fully-funding ongoing exploration activities at these sites.

With that in mind, let’s what Antipa advised on its exploration activities today.

What did Antipa Minerals announce?

The company gave an overview of its Wilki Newcrest Farm-in Project 2021 Exploration Programme Results Summary.

A total of 43 drill holes (7,422m awaiting assay results for 610m) testing 12 greenfield and 2 brownfield targets and fixed‐loop ground electromagnetic (FLEM) surveys were completed at 6 targets.

Reverse circulation (RC) drilling intersected narrow zones of gold/copper mineralisation. Several holes failed to achieve target depth due to abnormally high volumes of groundwater in conjunction with very deep oxidation profiles extending down up to 200m below the surface.

36 RC holes and diamond core — one diamond tail for 283m — (DD) drill testing of 12 greenfields SkyTEM aerial electromagnetic (AEM), magnetic and geochemical targets intersected minor zones of anomalous copper/zinc/lead and other pathfinder elements. However, no ore grade mineralisation was identified.

The company completed a programme of FLEM surveys (a total of 15 FLEM loops each generally between 200 to 300m in size) over 6 greenfield targets. It aimed to identify bedrock massive sulphide-related electromagnetic conductivity anomalies. The company identified Bedrock conductors at 3 sites with modelling ongoing.

The review and interpretation of the 2021 drill hole and geophysical exploration data will be considered in conjunction with historic data to enhance geological modelling. It’s hoped it will potentially identify further target areas for gold‐copper mineralisation. The review is ongoing.

Furthermore, the release notes the success of Antipa’s Exploration Incentive Scheme (EIS) application for diamond core testing of a “Havieron look‐alike partially co‐incident magnetic and gravity target”.

The Western Australian government subsequently awarded the company an EIS funding grant of $190,000.

With respect to the Paterson IGO Farm-in Project 2021 Exploration Programme, results are pending for the two major components of this year’s programme. These included a regional /project scale stratigraphic and geochemical air core drill programme, covering an area of approximately 350km2 – 168 holes for 11,346m. It’s also undertaking a soil geochemical sampling programme covering an area of approximately 650km2 from 2,589 samples.

Antipa says during the first quarter of next year, it will analyse the 2021 results in conjunction with other data sets to “define a tectono‐stratigraphic framework and identify and rank new greenfield exploration targets for direct drill testing in the CY 2022”.

Antipa Minerals share price summary

In the past 12 months, the Antipa Minerals share price has gained almost 14% after rallying more than 8% this year to date.

Over the last month, however, it has reversed course and is down almost 27% in that time.

The post Here’s why the Antipa Minerals (ASX:AZY) share price is sliding today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Antipa Minerals right now?

Before you consider Antipa Minerals, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Antipa Minerals wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Here’s why the Bardoc Gold (ASX:BDC) share price is rocketing 12% today

Neometals (ASX:NMT) share price jumps on battery recycling update

Think 2021 was the ASX year of the ETF? 2022 might blow it out of the water

ASX 200 (ASX:XJO) midday update: Magellan shares crash 28%, CIMIC tumbles

5 unstoppable trends to invest $5,000 in for 2022

The author has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!