Antares Metals Limited has reported encouraging progress at its Surprise Copper Project in northwest Queensland. The company’s Phase 2 reverse circulation drilling campaign, totaling 1,384 meters, confirmed the presence of high-grade copper mineralization along a newly defined 240-meter target zone located 200 meters north along strike of the well-known Surprise Mine. One drill hole (ASD008) intercepted 3 meters averaging 1.14% copper, including a 1-meter interval of 2.17% copper beneath an extensive quartz-calcite vein. These results closely match earlier pXRF findings and suggest the potential to more than double the current mineralization footprint at Surprise. Additional significant work was completed at the Marvel prospect, located approximately 1.2 kilometers north of the Surprise Mine. Drillhole ASD015 at Marvel intercepted an 80-meter wide zone of disseminated sulphides and chalcopyrite mineralization, including a 7-meter section averaging 0.16% copper with a higher-grade 1-meter interval at 0.46% copper. This target, associated with a large chargeability anomaly, presents a distinct type of copper mineralization from that observed at the Surprise project, opening up further exploration opportunities. The company is now designing a third phase of drilling to expand both the Surprise extensional target and the Marvel prospect. Alongside these developments, Antares Metals Limited is actively advancing additional high-priority copper discovery prospects in the broader Mt Isa area at Conglomerate Creek, Moonside, Julius, and Startle. With a cash balance of $2.1 million as of March 2025 and a market capitalization of $4.1 million, the company is positioning itself for further exploration initiatives. In terms of sentiment, the recent drilling results add a bullish note to the company’s outlook as successful assay confirmations and expanded targets could significantly enhance the resource base. The high-grade intercepts at Surprise, combined with a new discovery style at Marvel, provide a potential catalyst for future exploration success, which may attract investor interest. Conversely, some caution is warranted given the early stage of the exploration program and the inherent risks associated with mineral exploration. The company’s relatively modest market capitalization and share price reflect the speculative nature of these prospects, and future drilling results will be crucial in determining the economic viability of the projects.