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An update from NickelSearch Ltd. ( (AU:AM5) ) is now available.
Antares Metals Ltd, listed on the ASX under the ticker AM5, has announced the acquisition of two significant projects in Western Australia, focusing on gold and copper. The Quinns Gold & Copper-Zinc VMS Project and the Katanning Gold Project are strategically located near established mines and resources, enhancing the company’s portfolio in the region. The acquisition is expected to bolster Antares Metals’ exploration potential, with the Quinns project offering underexplored gold fields and proven high-grade copper-zinc mineralization. The Katanning project, situated along a significant geological structure, presents opportunities for gold exploration. The company has secured $2.0 million through strategic placement to fund these endeavors, positioning itself strongly in the market with a pro-forma valuation of approximately $6.8 million.
More about NickelSearch Ltd.
Average Trading Volume: 1,983,079
Technical Sentiment Signal: Sell
Current Market Cap: A$4.63M
See more insights into AM5 stock on TipRanks’ Stock Analysis page.