Latest Antares Metals (ASX:AM5) News

Antares Metals delivered its busiest exploration year yet, reporting high-grade copper, uranium and gold results across Queensland and Western Australia. But the explorer ended FY2026 with just $581,438 in cash, while its auditor flagged a material uncertainty over its ability to continue as a going concern.

Antares Metals has secured $2.57 million to fund maiden drilling at its Quinns project and continued exploration across Queensland and Western Australia. The raise comes with substantial potential dilution, with more than half the shares and all attaching options still requiring shareholder approval.

Antares Metals has intersected copper mineralisation in all six holes of its maiden drilling at Conglomerate Creek Target 2, validating its geological model and setting the stage for further exploration in a prolific copper region.

Small-cap resources names drove the biggest moves this week, with discovery drilling, project studies and funding deals pushing traders into a handful of stocks. The strongest gains came where companies delivered something concrete: thicker ore, bigger reserves, better cash flow or a clearer route to production.

Antares Metals (ASX: AM5) has secured approval to begin heritage surveys and drilling at its Quinns VMS project in Western Australia, backed by $237,500 in government co-funding. The company aims to test high-grade extensions of the historic Austin deposit and untested regional prospects, with copper prices rising sharply since the last resource estimate.

Antares Metals has completed its first ever drilling at Conglomerate Creek Target 2, intersecting the quartz vein system beneath high-grade surface mineralisation and setting the stage for upcoming assay results and follow-up drilling.

Speculative small caps drove the week, with Tasman Resources, Solis Minerals and Lithium Energy leading the board after funding, drilling and asset sale updates. At the other end, ASX Ltd and Arafura Rare Earths fell hard as investors reacted to higher costs and fresh equity issuance.

Small-cap materials stocks swung hard as fresh funding, mine build decisions and standout drill hits drove the week’s biggest moves. Gold, lithium, rare earths and tungsten names all drew buying, while a few raisings and weak follow-through after trading halts kept losses sharp.

Antares Metals (ASX: AM5) reports exceptional surface gold grades up to 41.7 g/t at its Quinns project in WA, revealing three priority drill targets and fast-tracking maiden drilling plans.

Antares Metals (ASX: AM5) has landed $237,500 in non-dilutive government funding to jumpstart drilling and geophysical surveys at its Quinns Copper-Gold-Zinc Project in Western Australia, targeting the historic Austin VMS deposit and nearby prospects.

Antares Metals is poised to drill its Conglomerate Creek prospect in Queensland, targeting seven geophysical anomalies linked to a buried intrusion with a 1,000m RC program starting late May 2026.

Antares Metals has launched an extensive field campaign at its Quinns Gold & Copper Project, expanding its landholding and securing approvals for initial drilling. The company aims to unlock significant orogenic gold potential through modern exploration techniques.