Antipa Minerals (ASX:AZY) is speculated to be acquired by Greatland Gold as the company now owns 100% of the Wilki Project, according to a Tuesday note from Euroz Hartleys.
Antipa will receive a cash payment from Newmont (ASX:NEM) of around AU$590,000 after Newmont chose to withdraw from the farm-in agreement. Antipa will go ahead with the planned drill testing of the Parklands target in the first half.
According to the note, the most logical time for Greatland Gold to acquire Antipa would be by June as it intends to list on the Australian market by that month.
Euroz Hartleys believes that Greatland Gold is highly likely to consolidate its preowned and nearby assets.
The firm maintained its speculative buy rating and price target of AU$0.70 on Antipa Minerals.
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