ARTEMIS RESOURCES LIMITED - ASX: ARV

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Description

Artemis successfully listed on the Australian Securities Exchange in March 2007 completing an initial public offer to raise $5 million. Artemis Resources Limited has mineral exploration projects with a focus on the following high value commodities:

* Rare Earths and Rare Metals (Yangibana in Western Australia, Buchanan's Creek in Queensland)
* Gold (Mt Clement and Yandal in Western Australia)
* Uranium (Mundong Well and Cambridge Creek in Western Australia)

Yangibana provides Artemis with a strong footing for long-term growth in an increasing market. The company aims to explore the 7km long strike length of alkaline intrusive dykes in an effort to achieve a resource in excess of 250,000 tonnes of contained rare earth oxide (“REO”).

Buchanan’s Creek in Queensland is one of the most important lithium/tantalum/niobium occurrences in Australia and the company holds more than 100 square kilometers of prospective ground hosting mineralised pegmatite dykes. Exploration will focus on drilling out the mineralised pegmatite dykes.

The Company has a historic resource of gold from drilling at the Yandal Gold Project. This project lies mid-way between the giant Bronzewing and Jundee Gold Mines within the Yandal Gold belt of Western Australia and occupies the same rock unit and the same fault as both of these deposits. Yandal presents the possibility for a large-scale gold deposit for Artemis.

The Mt Clement Gold Project hosts a resource of 40,500 ounces of gold quoted by previous explorers. This resource remains open in all directions and provides Artemis with short-term growth potential to significantly expand this resource.

Mundong Well is a promising uranium project with strongly mineralised zopnes containing visible carnotite and kasolite uranium minerals. Historical, mutiple high grage rock, trenched and drilling samples and intense radio-metric hotspots provide encouragememnt for modern exploration.

Mine For

gold, uranium, rare metals

Location of operation(s)

Western Australia, Queensland

Address

Level 10, Margaret Street
SYDNEY, NSW, AUSTRALIA

Phone

+61282212255

Email

Website

http://www.artemisresources.com.au

Last Updated

21/04/2010