InvestSMART

Antares Metals Limited (ASX:AM5)

ALERT: Price-sensitive ASX Announcement for AM5
Current share price for AM5 : $0.006 0 (0%)+
Announcement
Release
9 Jul 2026 8:23AM
Price at Release
$0.006
Full Release
download
Summary
Antares Metals Limited announced the completion of a maiden drilling program at the Conglomerate Creek Target 2, part of their Mount Isa North Copper Project in Queensland, Australia. This six-hole, 780-meter reverse circulation drilling initiative was the first to test beneath a 2km x 2.5km intrusive system, previously untested, and encountered a quartz vein system consistent with surface mineralisation. The drilling underscores the potential for substantial copper deposits, with surface samples previously showing copper concentrations as high as 21.3%. The results of the laboratory assays for copper, gold, and silver are anticipated soon, and further drilling is planned for nearby Target 5. This prospect is strategically positioned near the renowned Mt Isa copper district.
Key Points
  • Antares Metals Limited (ASX: AM5) completed a maiden six-hole, 780m reverse circulation drilling program at the Conglomerate Creek Target 2, part of the Mount Isa North Copper Project.
  • The program targeted a 2km x 2.5km intrusive system, encountering the quartz vein system consistent with high-grade copper mineralisation found at surface.
  • Rock chip samples from the surface reached up to 21.3% copper, with subsurface drilling results indicating the vein system extends to depth.
  • Laboratory assays for copper, gold, and silver from all six holes are pending, with results expected soon.
  • The site is located near Glencore’s Mt Isa Operations, a significant copper district.
  • There are plans to conduct further drilling at Conglomerate Creek Target 5, which previously showed high copper content in rock chip samples.
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.