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NickelSearch Ltd. ( (AU:AM5) ) has provided an announcement.
Antares Metals has secured A$237,500 in combined Western Australian government funding to support exploration at its Quinns copper-gold-zinc project in the Murchison region. The package, awarded under the state’s Exploration Incentive Scheme, will co-fund reverse circulation and diamond drilling and a high-resolution aeromagnetic survey, reducing Antares’ own cash outlay and extending its broader exploration budget.
The funding validates the company’s geological model at Quinns, which hosts the historic Austin VMS copper-zinc-gold-silver deposit and nearby Defiance and 4E prospects that have seen little systematic drilling. Antares plans to use the support to refine targets, complete heritage surveys and commence maiden EIS-backed drilling in the third quarter of 2026, while parallel drilling at its Conglomerate Creek prospect in Mt Isa is expected to generate multi-project news flow for investors.
More about NickelSearch Ltd.
Antares Metals Ltd is an Australian mineral exploration company focused on copper, gold, zinc and related volcanogenic massive sulphide deposits, with key projects in Western Australia’s Murchison region and around Mt Isa in Queensland. The company is advancing a portfolio of base and precious metal assets, targeting resource growth and discovery across multiple regional hubs.
Average Trading Volume: 2,649,275
Technical Sentiment Signal: Sell
Current Market Cap: A$6.85M
For an in-depth examination of AM5 stock, go to TipRanks’ Overview page.