Antares Metals Limited Unveils 49 Mt Isa North Uranium Targets with 10 High-Priority Prospects and Robust U3O8 Drill Results

Tuesday, June 24, 2025
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Antares Metals Limited is launching immediate field testing on 10 high‐priority uranium targets at its Mt Isa project area, including the promising Queens Gift prospect. This proactive exploration could enhance the company's multi-commodity portfolio and drive future value for investors.

Antares Metals Limited has detailed its imminent exploration activities at its Mt Isa North project, following an extensive review of historical uranium data that identified 49 targets—including ten high-priority prospects—with many displaying the characteristics typical of the renowned Valhalla-style uranium deposit. The announcement highlights exceptional drilling intercepts at the Queens Gift prospect, where previous tests recorded intervals such as 23 meters at 746 ppm U3O8 and even an 11-meter section peaking at over 1,000 ppm U3O8. The assessment underscores that these targets are hosted in shear‐controlled albitite, underpinned by radiometric and magnetic anomalies, which reinforce the geological potential across this uranium-rich region. The company’s uranium initiative will commence with immediate field validation activities that include ground truthing and spectrometry grid surveys across the initial high-priority areas. In particular, the Queens Gift, Tjilpa-Monte Bello, and Ecotte prospects are set to be the focus, with plans to expand exploration based on early field findings. These sites, underpinned by extensive historical data and previous drill-testing by other explorers, could pave the way for renewed and possibly extensive drill testing. Antares Metals also noted its parallel progress in advancing copper prospects, with drilling activities already underway at Surprise and additional field work planned at Conglomerate Creek. Technical indicators in the release emphasize the robust nature of the uranium targets, citing geological structures like faults and shears, distinctive radiometric readings, and magnetic anomalies in metabasalts and metasediments that signal high uranium mineralisation potential. Additionally, historical rock chip assays, such as a sample at Queens Gift returning 2.86% U3O8, further support the strategic importance of these prospects. Such detailed geological mapping and prior resource estimates offer promising insights, while also highlighting the next phase of work aimed at upgrading historical resources to modern reporting standards. The news is viewed with a bullish sentiment for Antares Metals, as it underscores robust foundational data and clearly defined exploration pathways that could unlock significant uranium resources. The detailed technical review, combined with compelling historical drill and rock-sample data, suggests strong potential upside if field activities confirm the early indicators. On the bearish side, investors should remain cautious as many of the highlighted targets have yet to undergo contemporary drilling and field validation, meaning that further exploration is needed to verify the full extent and economic viability of these resources.

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