Antares Metals

What Antares Metals does

Antares Metals Limited (ASX:AM5) is an Australian-listed, pre-revenue mineral exploration company headquartered in West Perth, Western Australia, with operations spanning Northwest Queensland and Western Australia. The company, formerly known as NickelSearch, rebranded in 2024 to reflect a diversified multi-commodity mandate across copper, uranium, lithium, nickel, and gold. Its two principal project hubs are the Mt Isa North Copper-Uranium Project in Northwest Queensland — a 2,003 km² district-scale landholding targeting sediment-hosted copper-cobalt, IOCG, and albitite-style uranium mineralisation adjacent to Glencore's Mt Isa copper mine and Paladin Energy's Valhalla uranium deposit — and the Carlingup Lithium-Nickel Project in the Ravensthorpe Greenstone Belt, Western Australia, comprising roughly 195 km² of mining and exploration licences located approximately 10 km from Arcadium Lithium's operating Mt Cattlin mine.

Exploration activity uses conventional techniques including UAV geophysical surveys, RC and diamond drilling, geological mapping, rock-chip and soil sampling, ground spectrometry, and JORC-standard mineral resource estimation. Notable technical results to date include surface grades up to 22.5% Cu at the Cromwell prospect, high-grade copper-gold-silver assays from the Conglomerate Creek vein system, a JORC 2004 uranium resource of 1.7 Mlbs @ 330 ppm U3O8 at Queens Gift, and 49 identified uranium targets across the tenement package. The company is not currently in production and does not generate operating revenue.

Antares Metals is funded primarily through equity capital markets on the ASX and pursues technical collaborations with larger mining companies — notably Arcadium Lithium at Carlingup — to advance its projects via potential joint venture, farm-in, offtake, or divestment arrangements. Its customer base consists of ASX retail and institutional investors seeking exposure to Australian battery-metals and uranium exploration, supplemented by strategic mining-partner relationships. Leadership includes Managing Director Terence Topping, CEO Johan Lambrechts, Non-Executive Directors Mark Connelly, Richard Maddocks, and Bruno Seneque, and CFO/Company Secretary Suzie Foreman.

Name

Antares Metals

Legal name

Antares Metals Limited

Website

https://antaresmetals.com.au

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Antares Metals (ASX:AM5) is a pre-revenue Australian mineral exploration company advancing copper, uranium, lithium, nickel, and gold projects in the Mt Isa district of Queensland and the Ravensthorpe Greenstone Belt of Western Australia, serving ASX investors and strategic mining partners.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Copper, Nickel, Lead, and Zinc Mining (21223), Other Metal Ore Mining (212290)

SIC

Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Copper Exploration & Resource Development (IMAKADAA), Uranium Exploration & Resource Development (EUAKACAA)

Keywords

• Nickel sulfide exploration
• Copper uranium exploration
• Lithium exploration projects
• Mineral resource exploration
• ASX mining exploration

Headquarters

HQ city

Osborne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Exploration and Development: As a pre-revenue mineral exploration company, Antares Metals is in the exploration and development phase. The company does not currently generate operating revenue. Future revenue would derive from successful discoveries leading to resource development, joint venture agreements, farm-in arrangements, offtake agreements, or asset divestment.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

Antares Metals is a pre-revenue Australian mineral exploration company focused on discovering copper, uranium, lithium, and nickel deposits across two flagship projects: the Mt Isa North Copper-Uranium Project in Northwest Queensland (2,003 km² of granted and pending tenements) and the Carlingup Lithium-Nickel Project in Western Australia (~195 km² in the Ravensthorpe Greenstone Belt). The company employs systematic exploration techniques including UAV geophysical surveys, RC and diamond drilling, geological mapping, rock chip and soil sampling, ground spectrometry, and JORC-compliant mineral resource estimation to identify and advance drill-ready targets in proven Australian mineral provinces.

Product overview

Antares Metals is a diversified multi-commodity exploration company with two strategic project hubs: the Mt Isa North Copper-Uranium Project (2,003km2 of copper and uranium exploration tenements in Northwest Queensland) and the Carlingup Lithium-Nickel Project (approximately 195km2 in Western Australia). The company focuses on exploration activities across these project areas, targeting copper, uranium, lithium, and nickel mineralisation.

Differentiator

Problem solved

Functional benefit

Products and services

• Mt Isa North Copper-Uranium Project A district-scale copper and uranium exploration project covering 2,003 km² of granted and pending exploration tenements in Northwest Queensland, targeting three styles of mineralisation: sediment-hosted copper-cobalt, iron oxide copper-gold (IOCG), and albitite-style uranium. The project is adjacent to Glencore's Mt Isa copper mine and Paladin Energy's Valhalla uranium deposit.
• Carlingup Lithium-Nickel Project A mining and exploration project covering approximately 195 km² in the Ravensthorpe Greenstone Belt, Western Australia, targeting both lithium pegmatites and nickel sulphides, located 10 km from Arcadium Lithium's Mt Cattlin mine. The project comprises 8 Mining Licences and 7 Exploration Licences.

Quantifiable outcome

• Surface grades up to 22.5% Cu at Cromwell prospect
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Arcadium LimitedcoreTechnology or IntegrationTechnical collaboration with Arcadium Limited (ASX:LTM), owner and operator of the Mt Cattlin lithium mine located approximately 10km from the Carlingup Nickel Project. The collaboration supports exploration for lithium at Carlingup, leveraging Arcadium's operational expertise from nearby Mt Cattlin operations (produced 131kt spodumene concentrate in FY2023).

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Carnaby Resources: ASX-listed copper-gold explorer with the Mt Hope, Nil Desperandum, and Strelley projects in the Mt Isa region of Queensland. Most directly comparable given identical Mt Isa copper-gold exploration thesis and similar scale.
• Hammer Metals: ASX-listed explorer focused on copper, gold, and molybdenum in the Mt Isa region. Comparable commodity mix and jurisdiction to Antares' Mt Isa North project.
• Kingsland Minerals: ASX-listed multi-commodity explorer with NT-focused uranium and critical minerals portfolio. Highly comparable given shared directors (Maddocks as MD, Seneque as Director) and similar small-cap ASX exploration profile.
• Kairos Minerals: ASX-listed gold and lithium explorer in WA and the Pilbara. Comparable via Non-Executive Director Bruno Seneque's prior role as Director and CFO, and similar small-cap WA exploration profile.
• Coppermoly: ASX-listed copper-gold explorer focused on Queensland projects. Comparable commodity mix and early-stage Queensland copper exploration thesis.
• Trek Metals: ASX-listed base and precious metals explorer with projects in the Mt Isa region. Comparable commodity focus and Queensland exploration jurisdiction.

Emerging players

• Zenith Minerals: ASX-listed diversified mineral explorer with lithium, gold, and base metals exposure across Australia. Comparable multi-commodity small-cap exploration model.
• Astute Metals: ASX-listed lithium and gold explorer in Western Australia. Comparable via WA lithium-nickel exposure and similar small-cap exploration profile.

Broad incumbents

• Liontown Resources: ASX-listed lithium developer with the Kathleen Valley operation in WA. Comparable via the lithium thematic and WA operating exposure, though significantly larger and more advanced.
• Paladin Energy: ASX-listed uranium developer with the Valhalla deposit immediately adjacent to Antares' Queens Gift prospect. Comparable via uranium thematic and direct geographic adjacency, though substantially larger and producing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AntaresMetals
• LinkedInlinkedin.com/company/antaresmetals

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Antares Metals