Re: metal target AR500-need help
If you're looking for relatively cheap and easy holes, find someone with a plasma torch. Otherwise, you're looking at pricey bits for drilling.
Any coated bit, such as TiN, cobalt, or carbide won't last but for about 1/16" into it. When you sharpen those bits, you take away the hardened coating and are left with a mild steel bit which won't even scratch. Realize if you heat it until it glows in order to drill, you have effectively turned it into mild steel and negated the purpose of AR500.
If you get something welded to it, make sure the guy running the welder knows what he's doing. Putting too much heat into the steel will ruin the temper just as fast as taking a torch to it. Low amp TIG is the way to go to do it right.