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Antares Metals to fast-track exploration plans at Mt Isa after identifying 49 uranium targets

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By Colin Hay - 
Antares Metals ASX AM5 High Priority Uranium Targets Mt Isa
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Antares Metals (ASX: AM5) is looking to commence field activities as soon as possible on the company’s high-potential uranium prospects in the Mt Isa region of Queensland.

A new data review of its assets has identified 49 uranium targets including 10 priority objectives in an area the company regards as significantly underexplored, especially considering its uranium prospectivity.

Historic studies have suggested the Mt Isa region has the third-largest triuranium octoxide (U₃O₈) resource endowment of its type globally.

Three initial targets

Queens Gift is one of three prospect areas, along with Tjilpa–Monte Bello and Ecotte, that Antares’s uranium exploration efforts for 2025 will be initially focus on.

Previous owner Deep Yellow (ASX: DYL) reported a uranium mineral resource estimate at Queens Gift in 2011.

Several other prospects, including Queens Gift and AGIP, have revealed rock chip samples with U₃O₈ results in the percent range.

Fast-tracking field activities

Following the positive data review, the Antares geology team is planning to fast-track a range of field activities.

A ground spectrometry survey and rock sampling will be the first activities at all the initial prospects, with a goal of drill testing the best anomalies.

The company says it will also consider upgrading the mineral resource for the Queens Gift prospect.

1H25 copper focus

“For the first half of 2025, Antares has focused on its copper prospects and further activities are planned to continue advancing them, such as the third phase of drilling at Surprise and field work at Conglomerate Creek,” chief executive officer Johan Lambrechts said.

“The company has also progressed target reviews on its uranium prospects and is pleased to now outline our priorities for follow-up exploration.”

“We plan to undertake ground-truthing and spectrometry grids on the initial targets as soon as possible and look forward to keeping our investors updated as we progress.”