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The latest announcement is out from NickelSearch Ltd. ( (AU:AM5) ).
Antares Metals has completed the acquisition of 100% interests in the Quinns Gold & Copper-Zinc VMS Project and the Katanning Gold Project in Western Australia, consolidating 295km² of highly prospective tenure across the Meekatharra greenstone belt and the southern Yilgarn Craton. The Quinns project, near existing processing mills, is an underexplored historic gold field that also hosts the historic Austin VMS deposit, while Katanning lies along strike from Ausgold’s 2.44Moz Katanning gold resource. Alongside the acquisitions, Antares has closed a $2.03m capital raising to fully fund near-term exploration and appointed experienced geologist Terence Topping as managing director, with fieldwork, data compilation, target generation and maiden drilling programs now underway at Quinns and Katanning, and assay results pending from copper and uranium exploration at its Mt Isa North project. These moves materially expand Antares’ landholding in established mineral provinces, strengthen its leadership and balance sheet, and set up a busy exploration pipeline that could reshape the company’s growth profile if forthcoming drilling and assay outcomes are positive.
The most recent analyst rating on (AU:AM5) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on NickelSearch Ltd. stock, see the AU:AM5 Stock Forecast page.
More about NickelSearch Ltd.
Antares Metals Ltd (ASX: AM5) is an Australian mineral exploration company focused on gold, copper, uranium and nickel-lithium projects. Its portfolio now includes the Quinns and Katanning gold and base metal projects in Western Australia, complementing its existing Mt Isa North copper-uranium project in Queensland and the Carlingup nickel-lithium project, positioning the company in several tier-one mineral provinces with established mining infrastructure.
Average Trading Volume: 2,383,568
Technical Sentiment Signal: Sell
Current Market Cap: A$6.44M
For an in-depth examination of AM5 stock, go to TipRanks’ Overview page.