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Antares Metals Limited (ASX:AM5)

ALERT: Price-sensitive ASX Announcement for AM5
Current share price for AM5 : $0.006 -0.002 (-25%)+
Announcement
Release
8 May 2026 8:11AM
Price at Release
$0.008
Full Release
download
Summary
Antares Metals Limited, listed as ASX: AM5, has secured $237,500 in government funding from the West Australian Government's Exploration Incentive Scheme for its Quinns Copper-Gold-Zinc Project. The funding includes $150,000 allocated for direct drilling costs and an additional $50,000 with $37,500 to support a high-resolution aeromagnetic survey, enhancing exploration efforts at the historic Austin VMS deposit and new prospects at Defiance and 4E. The project is located in the Murchison mineral field, covering 383 km², and aims to establish a JORC 2012 resource during the upcoming drilling phases expected to commence in Q3 2026.
Key Points
  • Antares Metals Ltd, trading as ASX: AM5, secures $237,500 government funding for Quinns Copper-Gold-Zinc Project in Western Australia.
  • Funding provided by the West Australian Government's Exploration Incentive Scheme (EIS) to support exploration.
  • EIS grant includes $150,000 for direct drilling costs and $50,000 plus $37,500 for a high-resolution aeromagnetic survey.
  • The Quinns Project includes the historic Austin VMS copper-zinc deposit.
  • The funding supports targeting new VMS prospects at Defiance and 4E locations.
  • Quinns Project spans 383 km² in Murchison mineral field, near Meekatharra.
  • The project involves RC and diamond drilling to expand the Austin VMS resource.
  • AM5 aims to establish a maiden JORC 2012 resource.
  • There is a focus on both copper-zinc and copper-gold-silver prospects.
  • Heritage surveys and drill targeting are being finalized with drilling expected to commence in Q3 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.