Antipa Minerals shares closed yesterday trading for 72 cents. In morning trade on Thursday, shares are changing hands for 70 cents apiece, down 2.8%.

For some context, the All Ordinaries Index (ASX: XAO) is down 0.3% at this same time.

With today's dip factored in, shares in the ASX All Ords gold stock remain up an impressive 94.4% over 12 months.

The Aussie gold miner has been an obvious beneficiary of the surging gold price. While down from its recent record highs, gold is currently trading for US$4,965 per ounce. That sees the yellow metal up 74% in a year.

And Antipa Minerals has hardly been sitting idle.

Here's what the miner just reported.

ASX All Ords gold stock hits new copper and gold zones

Antipa Minerals shares have yet to lift after the miner announced the final batch of assay results from the 2025 drilling campaign at its Minyari Gold-Copper Project, located in Western Australia.

The ASX All Ords gold stock said the results included high-grade intersections, newly identified zones of mineralisation, several thick gold-copper-silver intersections, and a new copper discovery.

Among those high-grade results, Antipa reported intercepting 24.7 metres at 1.4 grams of gold per tonne and 0.07% copper from 39.3 metres, including 2.3 metres at 6.8 g/t gold and 0.18% copper from 39.3 metres. And the lode remains open in all directions.

Drilling at the new copper discovery, at the Yolanda prospect, intersected 44 metres at 0.07% copper from 40 metres to end-of-hole, which the miner said confirmed a 1.2-kilometre-long anomalous copper trend.

Antipa Minerals aims to incorporate the 2025 drilling results into an updated Mineral Resource Estimate (MRE) this month.

What did management say?

Commenting on the results reported by the ASX All Ords gold stock today, Antipa managing director Roger Mason said, "The final batch of CY2025 results are a tremendous way to wrap up last year's drilling program, delivering multiple new gold discoveries in close proximity to our planned Minyari development."

Mason added:

The identification of a new high-grade lode at Fiama and confirmation of a large-scale northern repeat structure strongly indicate the potential for additional Minyari style deposits to emerge close to the immediate development footprint. This reinforces the opportunity we have to materially grow the Mineral Resource base around future planned infrastructure.

On the copper front, Mason noted:

At the same time, intersecting thick copper mineralisation across a potential 1.2-kilometre open trend at Yolanda is a major breakthrough, highlighting the presence of a previously unrecognised, potentially very large scale, copper system beneath shallow cover.

Mason said that Antipa Minerals' 2026 drill program is "well advanced", with field activities set to commence this quarter.

The post Up 94% in a year, ASX All Ords gold stock strikes 'thick gold-copper-silver intersections' appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Antipa Minerals Ltd (ASX: AZY)

The Antipa Minerals share price is down 3% to 52.5 cents. This morning, this gold explorer released assay results from the 100%-owned Minyari Gold-Copper Project in the world-class Paterson Province of Western Australia. Antipa's Managing Director, Roger Mason, commented "These latest results continue a steady stream of new discoveries that highlight the broader potential of Minyari Dome, with drilling confirming a new gold-copper discovery and materially extending mineralisation across several deposits." It seems that investors were expecting stronger results.

DroneShield Ltd (ASX: DRO)

The DroneShield share price is down 2% to $3.67. This appears to have been driven by profit taking from investors after a strong gain on Thursday. Investors have been scrambling to buy the counter drone technology company's shares since the release of its second quarter update. DroneShield reported a 480% increase in revenue to $38.8 million. It also confirmed that it has a total of $176.3 million of revenue that has already been received or is under committed purchase orders for 2025 delivery. And with five months left in 2025, this number could still rise meaningfully.

Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is down 15% to 9.3 cents. Investors have been selling this casino and resorts operator's shares following news that it has been unable to sell its stake in Brisbane's Queen's Wharf development. It said: "As of this morning, the parties have been unable to reach agreement on a number of outstanding commercial issues which in turn prevent the finalisation of long form documents. The Star proposed to the Joint Venture Partners an extension of the HoA termination date to 6 August 2025 to allow further time to conclude negotiations. However, the proposed extension by The Star was not accepted by the Joint Venture Partners." Investors appear concerned that this could leave the company on the brink of collapse.

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is down 28% to 27.25 cents. This morning, the struggling graphite miner revealed that it has raised approximately A$42 million (US$28 million) at a 31.6% discount of 26 cents per new share. The miner will now seek to raise A$28 million (US$18 million) from retail investors through the retail component of its fully underwritten entitlement offer.

The post Why Antipa Minerals, DroneShield, Star, and Syrah shares are dropping today appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are starting the week deep in the red:

Antipa Minerals Ltd (ASX: AZY)

The Antipa Minerals share price is down 13% to 59.5 cents. This morning, this copper and gold explorer completed a strongly supported institutional placement to raise $40 million before costs. These funds were raised through the issue of approximately 66.7 million shares at a 12.4% discount of 60 cents per new share. The company's managing director, Roger Mason, commented: "This successful equity raise provides the financial flexibility and certainty required to unlock the full value of the Minyari Development."

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is down 7% to $17.08. Investors have been selling this gold miner's shares following the release of an operational update this morning. Northern Star revealed that its sales for FY 2025 will be at the low end of its revised guidance range. FY 2025 gold sold came in at 1,634k ounces, which compares to its revised guidance range of 1,630k ounces to 1,660k ounces. Looking ahead, management is guiding to 1,700k ounces to 1,850k ounces of gold sold in FY 2026. However, it warned that the first quarter of FY 2026 would be the softest and would be run-rating below guidance.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is down over 4% to $1.45. This is despite there being no news out of the lithium miner today. However, it is worth noting that almost all lithium shares are falling today. A number of analysts believe that lithium prices are going to stay lower for longer due to increased supply out of Africa.

Synlait Milk Ltd (ASX: SM1)

The Synlait Milk share price is down 8% to 52 cents. Investors have been selling this dairy processor's shares after it announced the exit of its chief operating officer (COO), Paul Mallard. The company's CEO, Richard Wyeth, commented: "Paul has led multiple business functions and played a significant role in advancing the company's operational and strategic priorities. Under his leadership, the team has made notable progress optimising the North Island network and enhancing the overall value chain performance."

The post Why Antipa Minerals, Northern Star, Pilbara Minerals, and Synlait Milk shares are falling today appeared first on The Motley Fool Australia.

In morning trade, the ASX mining stock is down 14% to 59 cents.

Why is this ASX mining stock crashing?

The catalyst for today's weakness has been news that the copper and gold explorer has successfully raised capital.

According to the release, the company has completed a strongly supported institutional placement to raise $40 million before costs.

These funds were raised through the issue of approximately 66.7 million shares at a price of 60 cents per new share. This represents a discount of 12.4% to where the ASX mining stock ended last week.

Management notes that this placement allows the company to expand and accelerate its resource growth and discovery programme alongside advanced project development activities at the 100%-owned 4,100km2 Minyari Gold-Copper Project in Western Australia's world-class Paterson Province.

It highlights that the funding will deliver a pre-feasibility study (PFS) by June 2026, followed by a definitive feasibility study (DFS) for the Minyari Project ahead of a potential final investment decision (FID) in March 2027.

The ASX mining stock notes that the placement was well-supported by high-quality investors, long-term sophisticated investors, and high-quality new global institutional investors. It feels that this reflects confidence in its strategy and the broader potential of the Minyari Development.

Management commentary

The ASX mining stock's managing director, Roger Mason, was pleased with the successful placement. He commented:

This successful equity raise provides the financial flexibility and certainty required to unlock the full value of the Minyari Development. Our current cash balance of approximately A$36 million will now be applied to completing the PFS by June next year and the ongoing Phase 1 Growth and Discovery Drill Programme. The additional funds enable Phase 2 follow-up drilling and completion of the requisite technical work to deliver a DFS, while maintaining a working capital position that provides corporate optionality.

Armed with a strong cash balance, aggressive drilling programmes, and workstreams advancing towards delivery of a PFS – which is now planned and funded to be followed rapidly by a DFS – we are very well positioned to deliver further growth and move decisively towards development. We are grateful for the strong support from existing shareholders and pleased to welcome a number of high-quality new investors to the register.

Despite today's pullback, this mining stock remains up over 400% since this time last year.

The post Why is this ASX mining stock crashing 14% today? appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:

Antipa Minerals Ltd (ASX: AZY)

The Antipa Minerals share price is up 8% to 47.5 cents. Investors have been buying the company's shares this week after it revealed that IGO Ltd (ASX: IGO) elected to withdraw from the Paterson Project farm-in agreement that was entered into in July 2020. This meant that Antipa Minerals retains 100% ownership of the project which fully surrounds the Minyari Dome Development Project area and its 2.3 million oz of gold and 83,500 tonnes of copper.

Imricor Medical Systems Inc (ASX: IMR)

The Imricor Medical Systems share price is up 9% to $1.48. This has been driven by news that the company has commenced the VISABL-VT clinical trial. This follows the completion of the first-in-human ventricular ablation guided by real-time interventional cardiac magnetic resonance (iCMR) with its NorthStar Mapping System. The procedure was successfully performed by the team at Amsterdam University Medical Centre (AUMC), ranked in 2025 by Newsweek as the best hospital in The Netherlands, and in the top 35 worldwide.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas Rare Earths share price is almost 2% to $7.85. This is despite the rare earths producer copping a downgrade from Bell Potter this morning. It downgraded its shares to a sell rating with a reduced price target of $6.50. It said: "Whilst we like the business, asset, and team, we believe there is significant optimism priced into the stock. Historically, LYC has responded to earnings revisions, however the market has looked through that for the past 12 months. We do not see risks to the balance sheet under our price deck, however a lower-for-longer NdPr price could draw attention."

Newmont Corporation (ASX: NEM)

The Newmont Corporation share price is up 4.5% to $82.65. Investors have been buying the gold miner's shares today following a strong rise in the price of the precious metal overnight. The buying was so strong that the gold price hit a new record high. Investors were buying it due to increased demand for safe haven assets and a lower than expected US inflation reading.

The post Why Antipa, Imricor, Lynas, and Newmont shares are pushing higher today appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back  are listed below. Here's why they are rising:

Antipa Minerals Ltd (ASX: AZY)

The Antipa Minerals share price is up 1.5% to 40 cents. This morning, the company revealed that IGO Ltd (ASX: IGO) has elected to withdraw from the Paterson Project farm-in agreement that was entered into in July 2020. As a result, Antipa Minerals retains 100% ownership of the project which fully surrounds the Minyari Dome Development Project area and its 2.3 million oz of gold and 83,500 tonnes of copper.

Cettire Ltd (ASX: CTT)

The Cettire share price is up 5% to 64 cents. This online luxury products retailer's shares are down by a third since this time last month and over 80% since this time last year. This could mean that bargain hunters are swooping in today. In addition, it is possible that as one of the the most shorted shares on the ASX, some short sellers could be buying back shares today in order to close their positions.

Magnetic Resources NL (ASX: MAU)

The Magnetic Resources share price is up 4% to $1.40. This follows the release of a drilling update this morning. Magnetic Resources revealed that a new composite comprising diamond drill core from the deeper section of the deposit demonstrated a 97.5% recovery with the optimised flotation circuit. Management believe that this is a spectacular increase over the potential recovery achieved with conventional gravity/leach of 88%.

Steadfast Group Ltd (ASX: SDF)

The Steadfast share price is up 1.5% to $5.51. This is despite there being no news out of the insurance broker company. However, given how defensive its business is, some investors may see it as a good option in the current environment. Goldman Sachs certainly does. The broker recently put a buy rating and $6.50 price target on Streadfast's shares. This implies potential upside of 18% from current levels. It said: "We like SDF because of the industry structure favouring insurance brokers. 1) Premium rate environment remains supportive of organic growth trends (albeit moderating); 2) Little to no exposure to underwriting risk with revenues largely dependent on premiums written."

The post Why Antipa, Cettire, Magnetic Resources, and Steadfast shares are pushing higher appeared first on The Motley Fool Australia.

In morning trade, the ASX mining stock is up 14% to 1.6 cents.

Why is this ASX mining stock jumping?

Investors have been buying the Paterson Province-based mineral exploration company's shares this morning after it announced a deal with Rio Tinto Ltd (ASX: RIO).

According to the release, the company has agreed binding terms for the sale of its 32% non-controlling interest in the Citadel Joint Venture Project to joint venture partner Rio Tinto Exploration.

Rio Tinto has agreed to pay a total consideration of $17 million cash for the stake.

The Citadel Joint Venture was established in 2015 between Rio Tinto Exploration and Antipa. It encompasses 1,200km2 of tenure in the Paterson Province of Western Australia.

Citadel hosts a Mineral Resource Estimate (MRE) across its Calibre and Magnum deposits which collectively total 127 million tonnes containing 2.84 Moz of gold at 0.71 g/t, 173 kt copper at 0.13%, and 2.1 Moz of silver at 2.1 g/t.

Management notes that the proceeds from the transaction will significantly bolster the ASX mining stock's cash reserves to approximately $23 million. It notes that this will allow further exploration and advancement of its 100%-owned Minyari Dome Gold-Copper Project in Western Australia.

The two parties still need to execute a formal sale agreement and enter into deeds in favour of the relevant Native Title parties. If everything goes to plan, completion is expected by November.

Why sell its stake?

While the Citadel Joint Venture seems like a promising project to be giving up a stake in, management thinks it is doing the right thing.

The ASX mining stock's managing director, Roger Mason, said:

We are very pleased to have signed a binding term sheet with long-standing Citadel joint venture partner, Rio Tinto. The sale of our minority, non-controlling, interest in the Citadel Project, which was a non-core asset for Antipa, liberates cash, providing an extremely solid financial foundation from which to accelerate the development of our flagship, wholly owned Minyari Dome Project.

Rio Tinto was the natural buyer for Citadel, and the A$17 million all-cash consideration fully reflects current value of our interest in the asset, positioning us to focus on unlocking the full potential at Minyari Dome. Our team is busy finalising an update to the existing Minyari deposit Mineral Resource including simultaneously preparing a maiden Mineral Resource for GEO-01. Together, these deposits will form a basis for a revised Minyari Dome Scoping Study. We look forward to sharing the outcomes from these project advancement milestones in the coming weeks.

The post This ASX mining stock is jumping 14% after signing a deal with Rio Tinto appeared first on The Motley Fool Australia.

It follows the report of a new project management agreement for the S&P/ASX 200 Index (ASX: XJO) gold-mining giant.

Newcrest share price higher on new management agreement

The Newcrest share price started Monday in the green after the miner reported its wholly-owned subsidiary – Newcrest Operations – will take over management of its farm-in agreement with Antipa Minerals Ltd (ASX: AZY) on the Wilki Project, located in Western Australia.

In November Newcrest completed its initial commitment of the agreement, having spent $6 million on exploration activities at the site. Antipa, meanwhile, has finalised the project's current program of works.

The next stage required for Newcrest to earn a 51% interest in the joint venture (JV) is spending another $10 million on exploration before March 2025. The miner has commenced the next stage of exploration.

Newcrest can then earn a 75% interest in the JV if it spends an additional $44 million on exploration activities by March 2028.

What did management say?

Commenting on Newcrest's decision to assume management of the Wilki Project, Antipa managing director Roger Mason said:

With our other major partners, Rio Tinto and IGO, already operating our Citadel JV and Paterson Farm-in Projects, respectively, this allows Antipa to dedicate its focus to the rapid advancement of our 100%-owned Minyari Dome Project.

The recent substantial resource upgrade at Minyari, to 1.8 million ounces of gold, readily demonstrates why we are now targeting a stand-alone mining and processing operation at Minyari via the usual evaluation studies.

While the Newcrest share price initially rose 0.3% on the news, Antipa shares gained 4.65%.

Newcrest will take over management of the operations of the Wilki Project on 1 July.

Newcrest share price snapshot

The Newcrest share price has gained 4.5% so far in 2022. By comparison, the ASX 200 is down 5.6% year to date.

The post What's happening with the Newcrest share price on Monday? appeared first on The Motley Fool Australia.

At the time of writing, Antipa shares are swapping hands for 4.9 cents apiece, up 6.52%. In comparison, the All Ordinaries (ASX: XAO) is up 0.35% to 7,709.1 points.

What did Antipa announce?

Investors are buying up the Antipa share price after the company revealed a favourable decision by IGO Ltd (ASX: IGO).

According to its release, Antipa advised that IGO Newsearch will assume management of the farm-in agreement on the Paterson Project.

Based in the Paterson Province of Western Australia, the Paterson Project covers a 423 square kilometre tenement. The site is considered to have considerable gold, copper and silver deposits similar to the Newcrest Mining Ltd (ASX: NCM) world-class Telfer gold-copper mine.

IGO's decision to manage the Paterson Project follows its initial $4 million exploration expenditure commitment. The funds were well ahead of the January 2023 due date stipulated in the Paterson Project farm-in agreement. No joint venture interest was earned by the incurring of this amount.

The next stage requires IGO to spend a further $26 million of exploration expenditure by January 2027. This will see it earn a 70% joint venture interest, which it has elected to manage.

Once the joint venture is formed, IGO is expected to free-carry Antipa to the completion of a feasibility study.

Antipa share price in review

In 2021, the Antipa share price has gained around 10%, but has fallen almost 26% in a month. The company's shares have noticeably been trending lower since mid-November, nearing a 6-month low of 4.1 cents.

Based on valuation grounds, Antipa commands a market capitalisation of roughly $153.85 million, with 3.14 billion shares outstanding.

The post Here's why the Antipa Minerals (ASX:AZY) share price jumped 6% today appeared first on The Motley Fool Australia.

Newcrest shares have had a rather strange day of trading so far. This gold miner started the day off by opening at $23.51 a share before falling steeply, descending all the way down to $23.15 (a loss of 2.3%) soon after market open this morning. But, over the rest of the day, the Newcrest share price has staged something of a spirited comeback. As it stands currently, the company is trading at $23.95 a share, up a healthy 1.27%.

So what on Earth is causing these rather odd market gyrations for the ASX 200's largest gold miner today?

Why is the Newcrest share price all over the shop today?

It could have something to do with the update Newcrest announced this morning. This related to the Wilki Farm‐in and Paterson Farm‐in projects that it funds in conjunction with Antipa Minerals Ltd (ASX: AZY). My Fool colleague Zach went into this update in detail this morning. But it essentially revealed the results of test drilling at 6 targeted locations.

These results were a mixed bag. While some delivered promising results, others identified "no ore grade mineralisation" or else ran into problems with "abnormally high groundwater".

Antipa Minerals has said that it will analyse these results to "identify and rank new greenfield exploration targets for direct drill testing" in 2022. But it seems investors in Antipa were not impressed, seeing as this company's share price is down 8% today (at the time of writing). The initial woes the Newcrest share price had this morning could be related to Anitpa's nasty fall.

In some good news for Newcrest though, the gold price has kicked off this week on a positive note. Gold is currently going for US$1,801 an ounce today after spending most of the past month below the US$1,800 an ounce level.

At the current Newcrest share price, this ASX 200 gold miner has a market capitalisation of $19.51 billion, with a price-to-earnings (P/E) ratio of 12.02 and a dividend yield of 3.13%.

The post What's going on with the strange Newcrest (ASX:NCM) share price today? appeared first on The Motley Fool Australia.

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.

The ASX resource explorer is posting strong gains even as the All Ordinaries Index (ASX: XAO) succumbs to wider global market selling pressure, down 1.15% at the time of writing.

Below, we take a look at Antipa's latest drill results that appear to be driving investor interest.

What drill results were reported?

The Antipa Minerals share price is taking off after the company reported strong assay results from the ongoing drill campaign at its 100% owned Minyari Dome Project in Western Australia.

The company's drill program kicked off in May to test for extensions at Antipa's Minyari and WACA resources.

According to the release, the 2 sites have a combined JORC 2012 Mineral Resource Estimate of 723,000 ounces of gold at 2.0 grams per tonne, and 26,000 tonnes of copper at 0.24%.

The results returned significant high-grade gold and copper intersections. Among these were 134.0m at 1.70 g/t gold and 0.30% copper from 212.0m down hole. This included:

• 0m at 5.93 g/t gold, 4.42% copper, 10.75 g/t silver and 0.10% cobalt from 217.0m

• 0m at 4.49 g/t gold, 0.71% copper, 1.79 g/t silver and 0.13% cobalt from 241.0m

Commenting on the results possibly fuelling the Antipa Minerals share price, managing director Roger Mason said:

Minyari drill hole results continue to demonstrate the capacity of this intrusion related breccia system to generate strong gold‐copper intersections over wide intervals and highlight significant zones of mineralisation outside the resource to the east and west which will support a revised resource estimate and project development studies for a potential standalone open pit and underground mining operation.

At Minyari, high‐grade gold plus copper, silver and cobalt mineralisation has now been intersected along 500 metres of strike, down to 600m below the surface and across a horizontal width of up to 275 metres, and mineralisation remains open in several directions.

The explorer has also extended its drill program into November based on the program's recent success.

Antipa Minerals share price snapshot

Antipa shares have gained 25% so far in 2021. By comparison, the All Ords is up 8% year-to-date.

Over the past month, the Antipa share price is down 17%.

The post Why the Antipa Minerals (ASX:AZY) share price is soaring 9% today appeared first on The Motley Fool Australia.

Below we take a look at what's driving investor interest in the ASX resource explorer.

What did Antipa announce?

The Antipa share price is gaining today after the company reported more high-grade gold results at its 100% owned, Minyari Dome Project in Western Australia.

The company has received assays from 11 drill holes. Among the highlighted results, one of the drill holes returned copper and gold intersections including:

28.0m at 1.63 grams per tonne of gold and 0.18% copper from 161.0 metres down hole including:

– 14.0m at 2.67 g/t gold and 0.32% copper from 173.0m, also including:

• 0m at 4.11 g/t gold and 0.38% copper from 176.0m; and
• 0m at 7.88 g/t gold and 0.40% copper from 186.0m

Antipa reported it has now completed 21,400 metres of Resource infill, Resource extensional and brownfield discovery in its Phase 1 drilling campaign. It's still awaiting assays for 14,000 metres.

Commenting on the new results, Antipa's managing director, Roger Mason said:

Resource definition drilling continues to intersect strong gold mineralisation over wide intervals which will support a revised resource estimate and project development studies.

At Minyari, high‐grade gold and copper mineralisation has been intersected along 500 metres of strike, down to 600 metres below the surface and across a horizontal width of up to 275 metres, and mineralisation remains open in several directions.

Mason said the company's Phase 2 drill program has been expanded towards resource extension targets. Those include Minyari East and "a number of high priority greenfield targets".

These are all within 3 kilometres of Antipa's existing Minyari and WACA resources.

The company currently has 3 drill rigs on site and expects its Phase 2 drill program to finish in October.

Antipa Minerals share price snapshot

The Antipa Minerals share price is up 23% over the past 12 months, largely in line with the 25% gains posted by the All Ordinaries Index (ASX: XAO).

Year-to-date the Antipa Minerals share price is also up 23%.

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

Below, we look at the ASX resource explorer's latest drill results.

What assay results did Antipa report?

The Antipa Minerals share price is soaring after the company reported promising gold results from the remaining first-batch assays of its 2021 drill campaign. Antipa is exploring on its 100%-owned Minyari Dome Project in Western Australia.

The company has now received full assay results for the 11 reverse circulation drill holes from the campaign. These total 3,282 metres.

It said the results prove there are "significant zones of very high‐grade gold‐copper‐silver‐cobalt mineralisation" outside the existing Minyari deposit boundary.

Antipa also highlighted its discovery of new high‐grade gold‐copper mineralisation at Minyari East. It said this extended the overall width of the Minyari mineralisation envelope to roughly 275 metres.

Commenting on the latest batch of results, Antipa's managing director Roger Mason said:

These exciting 21MYC0216 results confirm the potential for significant resource growth at the Minyari deposit as well as potential for a stand‐alone development opportunity based on an open pit and underground mining operation that is close to Telfer.

We are in the middle of the most active drilling year in Antipa's history with nine rigs currently drilling across our four Paterson Province projects and we are delighted with the early success of this year's program to date.

Looking ahead, the company said it would update the market as new drill samples are batched and dispatched for assay.

Antipa Minerals share price snapshot

Over the past 12 months the Antipa Minerals share price has gained 25%. That is largely in line with the 24% gains by the All Ordinaries Index (ASX: XAO) over that same time.

Year to date Antipa Minerals shares are also up 25%.

The post Why the Antipa Minerals (ASX:AZY) share price is surging today appeared first on The Motley Fool Australia.

Today's positive price movement comes amid news the company has successfully divested its minority stake in a gold mining project.

Let's take a closer look at today's news and what it means for the IGO share price.

IGO offloads Tropicana investment

In a statement to the ASX, IGO advised it has sold its 30% stake in the Tropicana Gold Mine to Regis Resources Limited (ASX: RRL). The sale was pending confirmation from Tropicana majority owner, AngloGold Ashanti (ASX: AGG). This approval was received yesterday.

The divestment of Tropicana marks "an important strategic milestone" for IGO.

The company said the transaction maximised the value of Tropicana for IGO's shareholders and allowed it to focus on commodities critical to enabling clean energy. Investors seemingly agree, judging by today's IGO share price rise.

Proceeds from the sale will be used to fund the purchase of the Tianqi Lithium Corporation's Australian lithium assets.

Lithium demand continues 

It's no secret that Lithium shares have been soaring in recent months. Strong demand for the element is linked to rising demand for electric vehicles – which use lithium in their batteries.

The website Trading Economics puts the price of lithium on the open market at approximately US $14,000 a tonne. It's up an astonishing 93.6% since the beginning of the year. Other metals surging on the green energy boom include cobalt, copper, nickel, palladium, platinum, and rhodium.

In other news affecting the IGO share price recently, Antipa Minerals Ltd (ASX: AZY) announced the Burracoppin Project (which it has a 30% interest in) has "encouraging" essay results.

The best results, according to Antipa, include a 1-metre-wide ore with 7.48g of gold per tonne and an 8-metre-wide ore with 0.47g of gold per tonne.

IGO share price snapshot

Over the past year, the IGO share price has increased 55.57% and posted a 65.17% rise in 2021.

IGO Ltd has a market capitalisation of $5.4 billion.

The post IGO (ASX:IGO) share price lifts on latest updates appeared first on The Motley Fool Australia.

The mining company, along with its joint venture (JV) partner Rio Tinto Limited (ASX: RIO), has more than doubled the exploration budget of the Citadel JV project.

Additionally, Rio Tinto has met funding targets, allowing it to increase its holding in the project.

Let's take a closer look at this morning's news from Antipa.

What's driving the Antipa share price?

The Antipa share price is surging higher after the company announced this morning its Citadel JV project's exploration program has been significantly expanded. The program's budget has grown from $13.8 million to $25.5 million.

The additional funds will be used to drill another 6,000 to 7,000 metres, targeting gold, copper and silver deposits.

Drilling with a diamond drill rig is currently underway at Citadel, with a second diamond drill rig arriving this month.

A gradient array induced polarisation (GAIP) geophysical survey is expected to commence this month.

Changing interests in Citadel JV project

Rio Tinto has now contributed over $25 million to the project, meeting the expenditure requirement to increase its holdings in Citadel. Rio Tinto now holds a 65% interest in the project.

Antipas' interests in Citadel have, in turn, decreased to 35%.

Antipa now has 30 business days to decide whether to continue its contributions to the JV.

If Antipa elects not to contribute, Rio Tinto may choose to solely fund the project, contributing another $35 million over the next three years. In exchange for doing so, its stake in the project would increase to 75%.

If Rio Tinto chooses not to solely fund the project, Antipa and Rio will continue to contribute to the JV in proportion to their current interests.

Commentary from management

Antipa managing director Roger Mason commented on the expanded exploration program, saying:

The recent increase in the Citadel JV's 2021 budget is a testament to the joint venture's strong belief in the potential of this project. The 2021 programme will be the largest yet and we look forward to continuing to advance the high potential Calibre and Magnum resources as well as test numerous greenfield targets.

Antipa share price snapshot

The Antipa Minerals share price has been rocketing recently. Over the course of last week, it rose 60% following news of high-grade mineral discoveries at its 100% owned Minayari and WACA mines.

Currently, the Antipa Minerals share price is up nearly 29% year to date. It's also up more than 157% over the last 12 months.

The company has a market capitalisation of around $120 million, with 2.5 billion shares outstanding.

The post Antipa (ASX:AZY) share price jumps 7%. Here's why appeared first on The Motley Fool Australia.

The Antipa share price reached an intraday high of 3.9 cents around midday – a 39% gain from yesterday's close. Since then, it has retreated to 3.7 cents, up 32%.

Let's look closer at the miner's announcement today.

Striking gold

Antipa advised this morning that a drilling program at its 100% owned Minayari and WACA mines has found significant mineral intersections.

These intersections include high-grade gold and copper, as well as significant zones of gold, copper, silver and cobalt. All were found outside existing mineral resource boundaries.

The company considers the newly found mineral resources to be analogues for the nearby Havieron Project.

Of the 6 holes making up the drilling program, only 1 was deeper than the top of the Havieron Project. While the 5 holes were far shallower than the Havieron Project, 4 struck high-grade copper, gold and silver breccia mineralisation.

Antipa plans to conduct a follow-up drilling program this month.

Further drilling and testing will continue at Minayari throughout 2021.

Commentary from management

Antipa's managing director Roger Mason said the find confirmed the potential for a stand-alone development.

We are  particularly excited given the similarities between Minyari and Havieron (gold-copper development project), with  the  Minyari mineralisation hosted by the same rocks, with intense intrusion related hydrothermal  alteration and very high‐grade gold-copper sulphide breccia style mineralisation occurring over  a similar 'footprint' to Havieron.

The mineralisation remains open in all directions which, together with the several untested Minyari geophysical anomalies, provides a very exciting framework for this year's Minyari Dome  Project exploration programme which will be the largest programme we have ever undertaken  at Minyari.

Antipa Minerals share price snapshot

The Antipa Mineral share price isn't enjoying 2021 on the ASX. Even with today's gains, it's down 10% year to date. Although, it has gained 260% since this time last year.

The miner has a market capitalisation of around $70 million, with 2.5 billion shares outstanding.

The post Here's why the Antipa Minerals (ASX:AZY) share price is up 37% today appeared first on The Motley Fool Australia.

In fact, the three small cap shares listed below have managed to post strong gains today in the face of the market selloff.

Here's why they are on the rise:

The Antipa Minerals Ltd (ASX: AZY) share price has rocketed 19% higher to 3.1 cents. This is the second day in a row of strong gains for Anitpa Minerals' shares following the release of a positive announcement yesterday. On Tuesday the mineral exploration company announced the commencement of an airborne electromagnetic (AEM) survey at the Citadel Project as part of the $60 million farm‐in agreement with Rio Tinto Limited (ASX: RIO). The Citadel Project is located in the prospective Paterson Province, 80 km north of the Newcrest Mining Limited (ASX: NCM) operated Telfer gold‐copper‐silver mine in northern Western Australia. Previous AEM surveys have resulted in several significant discoveries in the Paterson Province.

The Catapult Group International Ltd (ASX: CAT) share price has avoided the tech selloff and climbed 1.5% higher to $1.03. This afternoon the sport analytics and wearables company announced two partnerships in world football and a video coaching solutions deal with a new American Football league. Management believes that the three partnerships further showcase Catapult's global leadership in sports science innovation and technology. The two world football deals have seen New York City FC partner with its PLAYR business and the Confédération Africaine de Football (CAF) sign a deal with Catapult to supply its athlete monitoring technology to all 54 countries under its jurisdiction. The latter partnership will see 2,650 of Catapult's PLAYERTEK units supplied to CAF teams to help optimise performances.

The Collection House Limited (ASX: CLH) share price has pushed over 3.5% higher to $1.27 after an independent proxy adviser endorsed the board's AGM recommendations. CGI Glass Lewis has also recommended that shareholders reject all resolutions proposed by Lev Mizikovsky. Mr Mizikovsky is a disgruntled shareholder seeking to spill the board and elect two of his own nominees. The Collection House board made the move due to concerns that "shareholder returns and value are being put at risk due to the uncertainty created by Mr Mizikovsky and his ongoing and baseless assertions."

The post These small cap ASX shares have surged higher on Wednesday appeared first on The Motley Fool Australia.

Three shares at the small end of the market that have started the week strongly are listed below. Here's why they are on a high today:

The Alexium International Group Ltd (ASX: AJX) share price has jumped 9% to 12 cents after the speciality chemicals company released an investor presentation. Although the presentation didn't include a trading update, it reminded investors of the sizeable market opportunities that the company has. For example, Alexium's flame retardant (FR) Alexiflam products have a $100 million opportunity in the FR workwear and uniforms market and a $100 million opportunity in the FR treatment for fleece market. Whether the company can successfully penetrate these markets, only time will tell.

The Antipa Minerals Ltd (ASX: AZY) share price has stormed 16% higher to 2.9 cents despite there being no news out of the gold and base metal exploration company. Investors have been taking a look at Antipa Minerals recently due to an increase in activities being conducted by various miners in the Paterson Province in Western Australia. According to management, one such company that is believed to have taken a keen interest in the area is mining giant Rio Tinto Limited (ASX: RIO). Antipa has a large landholding of in excess of 5,500km2 in the Province.

The Food Revolution Group Ltd (ASX: FOD) share price has surged 12.5% higher to 13.5 cents after the food processing company announced a memorandum of understanding (MOU) with China Petroleum & Chemical Corporation (Sinopec). According to the release, the MOU will see the two companies negotiate a distribution agreement whereby Sinopec will sell Food Revolution's Australian canola oil products produced across its network of more than 35,000 petrol and convenience outlets in China. While I think this sounds like a promising agreement, I'm not a fan of MOUs as they are not binding and there's no guarantee this will ever lead to a fully-fledged distribution agreement. As a result, I would suggest investors disregard it until it is set in stone.

The post These small cap ASX shares have started the week on a high appeared first on The Motley Fool Australia.