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Explorer Hammer Metals (ASX:HMX) is looking to hit the ground running at its Mt Isa portfolio in Queensland with a review uncovering numerous drill targets to follow up along its “strong pipeline” across the project area.
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The Queensland company began a historical exploration review in CY25, which has recently been completed as part of a portfolio-wide prospectivity analysis, integrating geological, geophysical and historical drilling datasets.
The results have set the exploration company up for an active CY26 field season across its Mt Isa assets, with a strong pipeline of targets delineated.
The review has been supported by the receipt of new soil and rock chip results at the Keyser anomaly. On that front, Hammer’s managing director, Daniel Thomas, said the company is now comprehensively reviewing the numerous prospective zones that have been identified as future drilling prospects.
“Hammer enters 2026 with a strong pipeline of copper-gold and base metal targets generated from a comprehensive, portfolio-wide prospectivity review across Mount Isa,” Mr Thomas told shareholders today.
“Our systematic application of weights-of-evidence and fuzzy-logic modelling has highlighted multiple new priority areas, while also advancing several existing prospects toward drill-ready status.
“This work is translating directly into near-term exploration activity, including funded drilling at Kalman West and planned generative soil and geophysical programs across under-explored parts of our tenure.
“With multiple high-quality targets now defined, Hammer is well positioned to deliver discovery-focused exploration while actively progressing opportunities for joint venture partnerships.”
Hammer’s Mount Isa portfolio comprises ~3,724 sq. km across 43 tenements. Since commencing exploration in CY14, the company has drilled 390 holes for a total of around 61km, testing 58 discrete prospects or targets. Of these, 30 targets were generated internally and drill-tested by Hammer.
The company’s examination of historical drilling results has highlighted the widespread distribution of mineralisation across the tenure, with 80 prospects found to contain at least one intercept exceeding 1% copper over 1,0m and 44 prospects containing intercepts exceeding 1.0 grams per tonne (g/t) gold over 1.0m.
Mr Thomas said most prospects remain lightly tested, with only 12 prospects drilled with more than 10 holes, while the majority have been tested by limited shallow drilling, often comprising only one to three reverse circulation drill holes.
Several prospects look under-drilled and open in multiple directions, including Blackrock, Overlander, Pearl, Lakeside, Yellowstone, Scalper, and The Springs. These targets are being prioritised for follow-up work.
HMX opens today at 3cps. Mkt cap $26.78M.
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