2243 GMT - It's only a matter of time before Greatland Gold acquires Antipa Minerals, reckons Euroz Hartleys. That's because Antipa's Minyari Gold project is located just 22 miles from Greatland Gold's Telfer processing plant in Australia. Analyst Michael Scantlebury notes Greatland's updated outlook for Telfer, which lays out how it expects to bridge the gap between now and when production starts from the Havieron deposit in FY 2028. Euroz Hartleys believes there would be ample processing capacity for Antipa's annual output of 3 million tons of ore from FY 2028. It also thinks "Antipa's Minyari Gold project ore tons are higher margin and lower risk" than what Greatland currently envisages. Euroz Hartleys lifts its price target on Antipa by 23% to A$0.98/share. Antipa ended Wednesday at A$0.66. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 04, 2025 18:43 ET (22:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.