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ARTEMIS RESOURCES LIMITED

ASX: ARV

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Artemis Resources Limited is a maturing exploration company focused on gold, base metals, antinomy and graphite.

Key Projects

  • West Pilbara – Gold and Base Metals (Western Australia)
  • Munni Munni – West Pilbara Platinum and Platinum Group Elements (Western Australia)
  • Eastern Hills – Antimony (Western Australia)
  • Mount Clement – Gold (Western Australia)
  • Amitsoq – Graphite (Greenland)
  • West Pilbara – Gold/ Base Metals

    In June 2012 Artemis acquired Karratha Metals Limited a company with interests in a strategic package of 41 tenements in the West Pilbara region Western Australia. This package included the West Pilbara assets of Legend Mining Limited.

    The portfolio which covers over 700 km2 is prospective for gold, base metals (including copper and nickel) and iron mineralisation, and is in close proximity to Karratha, the economic hub of the West Pilbara.

    Munni Munni – Platinum and Platinum Group Elements

    In August 2015 Artemis entered into an agreement with Platina Resources Limited to earn a 70% interest in the Munni Munni Platinum Group Elements Project (the “Munni Munni Project”).

    The Munni Munni Project hosts the largest intrusion in the West Pilbara and hosts a JORC 2004 compliant Resource of 24 Mt @ 2.9 g/t Platinum Group Element (PGE) + gold (1.4Mt Inferred, 9.8Mt indicated and 12.4Mt Measured) (0.83Moz platinum. 1.14Moz palladium, 152Koz gold and 76Koz rhodium). Munni Munni is the largest as yet un-mined primary PGE Resource in Australia.

    The Project is contiguous to Artemis tenements on all sides and continues the Company’s vision to consolidate a previously fragmented tenement holding region.

    Eastern Hills – Antimony

    Eastern Hills was discovered by Taipan Resources NL in 1996-97 and is less than 1 km SE of the Mt Clement gold project. Substantial commodity price increases over recent years (antimony price is up 500% since the 1997 discovery of Eastern Hills) have led to a re-evaluation of this prospect’s potential.

    Artemis’ 2013 drilling programme focused on the Taipan Zone and resulted in a maiden indicated and inferred mineral resource estimated in accordance with JORC 2012 guidelines of 1.3Mt at 1.7% Sb and 2.5% Pb (22,400t contained Sb)1 using a 1.0% Sb cutoff grade.

    Mt Clement – Gold 

    Artemis Resources 100% of E08/1841. Artemis Resources 80% Northern Star Resources Limited (NST) 20% – for tenements M08/191, M08/192 & M08/193 and E08/1606 – for which NST is free carried (gold only) to bankable feasibility.

    The Mt Clement Project comprises three granted Mining Leases (valid until 2020) and two granted Exploration Licences that cover a total area of 14.55kmin the Ashburton area of Western Australia. The project lies roughly 30km southeast of the operating Paulsen’s Gold Mine owned by Northern Star Resources Limited.

    The project has an Inferred Resource of 1,131,600 tonnes at 1.77g/t Au and 17.0g/t Ag containing almost 64,400 ounces of gold and 620,000 ounces of silver, for a total of 80,000 ounces gold equivalent at current commodity prices.

    Amitsoq – Graphite

    In February 2015 Artemis announced the conditional acquisition of 90% of exploration licence 2013/6 in Southern Greenland. The licence comprises the Amitsoq Graphite Mine and is prospective not only for graphite but also for gold, copper, nickel and platinum group elements (PGE’s).

    Graphite was previously mined at Amitsoq at high grades (21%) with historical reports of large or even “super jumbo” flake graphite, which commands much higher prices. The project has had no modern exploration for graphite and there are good prospects for significant exploration upside.

    Mine For

    gold, silver, copper, nickel, Platinum Group Element (PGE), Graphite

    Location of operation(s)

    Western Australia, Greenland

    Address

    Level 3 IBM Building 1060 Hay Street
    WEST PERTH, WA 6005, AUSTRALIA

    Phone

    +61 (8) 9480 0459

    Email

    Website


    Last Updated

    11/04/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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