Proactiveinvestors Australia Artemis Resources Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Artemis Resources Ltd RSS feed en Sun, 24 Feb 2019 12:37:11 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Artemis Resources new Dubai chairman buys shares on-market ]]> https://www.proactiveinvestors.com.au/companies/news/215004/artemis-resources-new-dubai-chairman-buys-shares-on-market-215004.html Artemis Resources Ltd’s (ASX:ARV) recently appointed chairman, His Highness Sheikh Maktoum Hasher M Juma Al Maktoum has purchased 150,000 shares in the company.

The $10,950 parcel was purchased via on-market trades and increases his position in the company to 10.15 million shares.

READ: Artemis Resources granted Armada tenement; drilling program planned

Artemis is developing multiple prospects in its large tenement position surroundings it's 100% owned Radio Hill processing facility in Western Australia.

It aims to drill out deposits that can be mined and trucked to the processing facility.

Earlier this month, Artemis CEO Wayne Bramwell spoke to Proactive about the results of metallurgical test work on gold, copper and cobalt for the Carlow Castle Project in Western Australia.

]]>
Thu, 21 Feb 2019 13:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215004/artemis-resources-new-dubai-chairman-buys-shares-on-market-215004.html
<![CDATA[News - Artemis Resources granted Armada tenement; drilling program planned ]]> https://www.proactiveinvestors.com.au/companies/news/214921/artemis-resources-granted-armada-tenement-drilling-program-planned-214921.html Artemis Resources Ltd (ASX:ARV) has been granted the Armada tenement in the East Pilbara region of Western Australia by the Department of Mines, Industry Regulation and Safety (DMIRS).

The 601 square kilometre tenement is within the highly prospective Proterozoic Paterson orogen, about 40 kilometres east of the multi-million-ounce Telfer Gold-Copper mine, and contiguous to the Haverion gold and copper discovery.

Artemis aeromagnetic data depicting eight new targets

Artemis executive director Ed Mead said; “After identifying this copper-gold opportunity in mid-2018, Artemis has moved quickly to consolidate historic and newly acquired data as a precursor to a ground program.

“The interest in this region is high and Artemis is now reviewing a range of options to advance Armada during 2019.”

READ: Artemis Resources identifies 8 new targets from airborne survey

Last month, Artemis completed an airborne magnetic survey on the western portion of the Armada prospect, identifying eight targets within a 22-kilometre radius of Havieron.

These targets have been arbitrarily ranked on magnetic signature/structural character.

Next steps

Processing, magnetic inversion modelling and interpretation of the magnetic data is proceeding with a gravity survey initiated to further assist with prospect ranking and drill targeting at the Armada prospect.

The gravity data will be merged as it becomes available.

 

Artemis is also progressing the Carlow Castle Project in Western Australia where it recently confirmed the effective separation and high recoveries of gold, copper and cobalt via conventional process routes.

]]>
Wed, 20 Feb 2019 13:32:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214921/artemis-resources-granted-armada-tenement-drilling-program-planned-214921.html
<![CDATA[Media files - Artemis Resources chief details flow sheet test work and next steps for Carlow Castle ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12177/artemis-resources-chief-details-flow-sheet-test-work-and-next-steps-for-carlow-castle-12177.html Tue, 12 Feb 2019 12:43:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12177/artemis-resources-chief-details-flow-sheet-test-work-and-next-steps-for-carlow-castle-12177.html <![CDATA[News - Artemis Resources confirms amenability of Carlow Castle gold, copper and cobalt to conventional processing ]]> https://www.proactiveinvestors.com.au/companies/news/214319/artemis-resources-confirms-amenability-of-carlow-castle-gold-copper-and-cobalt-to-conventional-processing-214319.html Artemis Resources Ltd’s (ASX:ARV) (FRA:ATY) preliminary metallurgical test work has confirmed the effective separation and high recoveries of gold, copper and cobalt via conventional process routes for its Carlow Castle Project in Western Australia.

Preliminary test work on two composite samples indicates:
• Total recovered gold of 98-99% with significant coarse, gravity recoverable gold up to 48%;
• Total recovered copper of 77-85% with flotation producing premium grade concentrates of about 30% copper;
• Total recovered cobalt of 73-79% with flotation producing concentrates of 2.3 – 5.3% cobalt; and
• Gold not recovered via flotation amenable to cyanide leach process.

READ: Artemis Resources puts $5.4 million to use on Carlow Castle and Armada in Pilbara

Artemis chief executive officer Wayne Bramwell said: “Artemis is encouraged by the amenability of the deposit to conventional processing options and the excellent recoveries of the three key minerals.

“Gold and high-grade copper concentrates will be the primary value drivers at Carlow Castle with cobalt representing a third and valuable product stream that should appeal to many potential off-take partners.”

Summary of optimised results

Artemis completed the preliminary metallurgical test work at ALS Metallurgy in Western Australia.

Outcomes specific to the metallurgical response and recovery for the three target commodities are proposed to be used for further project development evaluations.

Next steps

The Carlow Castle gold-copper-cobalt process flowsheet currently targets conventional, low cost processes with the copper and gold process routes essentially proven.

Options exist to refine the cobalt concentrate quality with the next phase of the geo-metallurgical program to support the optimal process scale and flowsheet selection.

READ: Artemis Resources appoints Dubai royalty to chairman position

The results of the metallurgical test work program and forthcoming resource update will provide Artemis with a basis to plan and advance project development activities including:

• Resource and pit optimisation;
• Structural and geotechnical drilling;
• Generation of representative metallurgical master composites;
• Engineering trade-off studies to attain the optimal process flowsheet and major equipment selections;
• Project economics and project viability; and
• Engineering and feasibility studies.

]]>
Mon, 11 Feb 2019 13:36:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214319/artemis-resources-confirms-amenability-of-carlow-castle-gold-copper-and-cobalt-to-conventional-processing-214319.html
<![CDATA[News - Artemis Resources appoints Dubai royalty to chairman position ]]> https://www.proactiveinvestors.com.au/companies/news/213939/artemis-resources-appoints-dubai-royalty-to-chairman-position-213939.html Artemis Resources Ltd (ASX:ARV) has appointed His Highness Sheikh Maktoum Hasher al Maktoum to the position of non-executive chairman.

H.H Sheikh Maktoum is a member of Dubai’s ruling family and was awarded CEO of the Year by CEO Middle East in 2009.

He is also president of Al Fajer Group, chairman of Dubai International Holdings, chairman of Manannan Hydro Limited and a board member of the Commercial Bank of Dubai.

David Lenigas has resigned as executive chairman and director due to the demands on his time from family and his other business activities.

READ: Artemis Resources puts $5.4 million to use on Carlow Castle and Armada in Pilbara

H.H Sheikh Maktoum said: “On behalf of the board and the shareholders I would like to take this opportunity to thank Mr Lenigas for his significant contribution to the development of the company since his appointment in November 2016, including the key role he played in expanding the asset base of the company and securing the necessary funding to advance those assets.

“I am excited to accept this role and assure our shareholders that I am committed to working to providing the leadership to move the company forward.

"I have the skills and experience to facilitate this and my business interests include mining and exploration projects in other parts of the world.”

Second board change

As a part of this restructure, Alex Duncan-Kemp has also resigned as a director and will be replaced, effective today, by Dan Smith.

Smith is a commercial director at Minerva Corporate, a corporate services business based in Perth and has significant experience in capital markets and corporate governance of ASX listed companies.

He is a non-executive director of Europa Metals Ltd (ASX:EUZ), Lachlan Star Ltd (ASX:LSA), HIPO Resources Ltd (ASX:HIP) and White Cliff Minerals Ltd (ASX:WCN).

Multiple successes in the December quarter

In the company's recent quarterly report it said: "This has been a massive quarter with the company’s exploration team successfully defining eight (8) new exploration targets at the Armada Prospect in the Paterson Ranges, delivering three (3) resource updates across our gold and base metal assets and announcing three (3) new gold discoveries in the West Pilbara.

"With respect to the restart of Radio Hill, resource definition and geo-metallurgical programs remain the key determinants of the timing to production.

"To underpin commencement of operations, Artemis is working towards defining at least 3 years of plant feed from within the company’s extensive gold and base metal assets or equivalent tonnages of gold ore from third-parties or joint ventures.

"As such it is prudent to concurrently advance resource development and geo-metallurgical studies on Carlow Castle Au-Cu-Co and Whundo Cu-Zn Projects and evaluate third-party gold ore toll treatment options prior to completion of the Radio Hill refurbishment.”

]]>
Tue, 05 Feb 2019 11:44:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213939/artemis-resources-appoints-dubai-royalty-to-chairman-position-213939.html
<![CDATA[News - Artemis Resources enters trading halt pending restructure of board and management team ]]> https://www.proactiveinvestors.com.au/companies/news/213863/artemis-resources-enters-trading-halt-pending-restructure-of-board-and-management-team-213863.html Artemis Resources Ltd (ASX:ARV) (FRA:ATY) has been granted a trading halt by the ASX pending the release of information regarding a change to the structure and responsibilities of its board and management team.

The announcement will be made when the restructure is finalised.

Artemis’ trading halt will remain in place until the start of normal trading on Wednesday, February 6, 2019, or when an announcement is released to the market, whichever occurs earliest.

 

Artemis describes itself as the “first West Pilbara company to consolidate a significant portfolio of base, battery and precious metal assets with a strategically-located processing plant.”

It has 2,400 square kilometres of what it calls “the Pilbara’s best gold, base and battery tenure”.

READ: Artemis Resources puts $5.4 million to use on Carlow Castle and Armada in Pilbara

The company is currently finalising a resource update for its flagship Carlow Castle Gold-Copper-Cobalt Project in the West Pilbara region of Western Australia.

A week ago the company also shared news on an exploration prospect separate to its main group of projects - Armada in the East Pilbara region.

]]>
Mon, 04 Feb 2019 16:06:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213863/artemis-resources-enters-trading-halt-pending-restructure-of-board-and-management-team-213863.html
<![CDATA[News - Artemis Resources puts $5.4 million to use on Carlow Castle and Armada in Pilbara ]]> https://www.proactiveinvestors.com.au/companies/news/213196/artemis-resources-puts-54-million-to-use-on-carlow-castle-and-armada-in-pilbara-213196.html Artemis Resources Ltd (ASX:ARV) (FRA:ATY) (OTC:ARTFF) has updated investors on its pipeline of projects as the company finalises a resource update for its flagship Carlow Castle Gold-Copper-Cobalt Project in the West Pilbara region of Western Australia early this year.

A week ago the company also shared news on an exploration prospect separate to its main group of projects - Armada in the East Pilbara region.

WATCH: Artemis Resources executive director updates on gold and base metals projects

Artemis describes itself as the “first West Pilbara company to consolidate a significant portfolio of base, battery and precious metal assets with a strategically-located processing plant.”

It has 2,400 square kilometres of what it calls “the Pilbara’s best gold, base and battery tenure”.

The company hopes to adopt an adaptive strategy as it aims to be a producer with a long life.

Artemis wrote yesterday in a presentation that its strategy was to “be nimble corporately, explore aggressively and systematically advance our mineral resources to support the transformation of our 100%-owned Radio Hill operation into a long-term producer of gold, base and battery metal concentrates”.

Armada is in the East Pilbara, in Paterson Range territory

The company’s Armada exploration and Carlow Castle resource upgrade and preliminary metallurgical work have been bankrolled with $5.4 million of funding from UK-based institutional group Riverfort Global Capital Limited.

Artemis now has eight exploration targets at the 605-square kilometre Armada prospect on Paterson Range after eight targets were identified with an airborne magnetic survey.

The targets are in a 22-kilometre radius of Greatland Gold PLC’s (LON:GGP) Havieron project where the neighbour intersected 275 metres grading 4.77 g/t gold and 0.61% copper from 459 metres.

Havieron is just 30 kilometres from Newcrest Mining Limited’s (ASX:NCM) (FRA:NMA) (OTCMKTS:NCMGF) 27 million ounce Telfer gold mine.

The Armada ground is also near big miner Rio Tinto, which is rumoured to have made a major copper discovery in Paterson province.

O’Callaghan’s tungsten-copper deposit and Metals X Limited (ASX:MLX) Nifty Copper Mine are also in the neighbourhood.

Paterson Range is about 1,280 kilometres north-northeast of Perth.

Artemis’ eight Armada targets

READ: Artemis Resources secures $5.4 million, commences airborne survey

Artemis executive director Ed Mead told the market a week ago: “The latest airborne survey undertaken by Artemis has identified a large number of very prospective exploration targets surrounding Havieron, with the Kzinti Target as close as only 2.5 kilometres away and on the Greatland/Artemis tenement boundary.

“Artemis surrounds Havieron on three sides and right now we see this project as one of the most exciting in the company’s extensive Pilbara tenement portfolio.”

READ: Artemis Resources identifies 8 new targets from airborne survey

Speaking to Proactive Investors’ Stocktube video channel this week, Mead said “Armada’s prospect is a very exciting project.

“We’ve just completed some airborne magnetic data, and from that we’ve got an initial eight targets, and we’re in the process now of completing further processing and version models.

“Based on what we’ve seen so far, we’ve initiated a gravity survey, which will integrate with the magnetics, and hopefully we’ll be starting to complete that within the next week or so.”

 

Mead also updated investors on the company’s pipeline.

Artemis’ focus includes Radio Hill in WA’s West Pilbara region, a wholly-owned project that consists of a fully-owned mine and a shuttered 100%-owned plant which the company hopes to reopen.

READ: Artemis Resources releases another new JORC resource

The flagship Carlow Castle project in West Pilbara is another priority for the company which has described it as “the best scalable gold-copper-cobalt deposit in Australia”.

Mead told Stocktube: “Over a period of time we’ve managed to secure some quite exciting projects.

“We are in the Radio Hill plant in Karratha.

“We’ve got a number of very exciting early-stage gold projects, but we’ve also got Carlow Castle which is … a great gold, copper and cobalt project.

“And on the back of that, we’ve got ... pegging ground in the Paterson’s Range last year.”

Significant mineral discoveries in Western Australia

READ: Artemis Resources recommences drilling at Carlow Castle, resource update pending

Radio Hill facility is a 0.5 million tonne gold and base metal concentrator 30 kilometres from the Pilbara centre of Karratha.

The West Pilbara facility is the only plant in the Karratha area, and Artemis is at the permitting stage in its bid to reopen the plant.

West Perth-based Artemis released a new JORC resource for the 100%-owned Radio Hill mine last month.

Found in a shallow upper portion, the new nickel-copper-cobalt resource was in the indicated resource and featured 1.15 million tonnes grading 0.52% nickel, 0.73% copper and 277ppm cobalt.

The new resource is about 400 metres from Radio Hill plant.

Mead told the market in December 2018: “Further resource development work is required to determine the optimum means to monetise the project and this work will be reviewed in 2019.”

Artemis holdings in the Pilbara region, near Karratha and Dampier port

READ: Artemis Resources boosts gold resource at Weerianna

At the 100%-owned Carlow Castle project, Artemis restarted drilling last month, as it aimed to define strike extensions to the east and west of the drilling used in its existing resource.

Results from the program were to be combined with near-on 24,000 metres of other exploration data to produce the resource update in the March 2019 quarter.

The company also planned to design a resource development drill program scheduled for the March quarter.

First-pass metallurgical results reported in November 2018 indicated Carlow Castle was amenable to low-cost gravity gold recovery and base metal flotation processes.

Artemis wants to turn Carlow Castle into a mining operation and process its ore at Radio Hill plant.

READ: Artemis Resources first pass met work supports low-cost processing

Shallow trenching at Weerianna Project

Another company project the explorer would like to use as feedstock for the plant is its 80%-owned Weerianna Gold Project, also in the West Pilbara.

Only 35 kilometres by road from Radio Hill, Weerianna has a JORC-compliant Inferred resource of 975,000 tonnes grading 2.0 g/t gold for 62,739 ounces of contained gold.

The resource was last updated in December 2018.

Artemis noted last month further exploration at Weerianna would be ranked, reviewed and prioritised in 2019.

READ: Artemis Resources begins trading on OTCQB Venture Market in the US

Artemis chief executive officer Wayne Bramwell reported on December 19, 2018: “Artemis has drilled 37,000 metres across eight of its projects in the last 12 months to best determine which sites warrant more exploration expenditure.

“Weerianna has only been drilled to an average depth of 69 metres and as a shallow, quartz vein-style gold resource may have the potential to increase in scale with deeper drilling.”

The company’s joint venture with Novo Resources Corp (CVE:NVO) allows the parties to explore for conglomerate and paleo-placer gold deposits on 38 Artemis tenements within 100 kilometres of Karratha.

Artemis believes the JV derisks its gold strategy.

The company also has the Ruth Well high-grade nickel project, a high-grade cobalt-copper-zinc deposit at Whundo and the Munni Munni project.

 

 

 

Munni Munni is 20 kilometres from Radio Hill and hosts conglomerate gold targets and Australia’s largest platinum group elements (PGE) resource.

Artemis earned a 70% share of the joint venture project from Platina Resources Limited (ASX:PGM) (FRA:P4R) (OTCMKTS:PTNUF).

Munni Munni had a historical measured, indicated and inferred mineral resource of 23.6 million tonnes grading 1.1 g/t gold and 1.5 g/t platinum using a cut-off of 1.9 g/t platinum group elements and gold, in 2002 and 2003.

The company is hoping to explore Munni Munni for the ore that sparked a rush in the Pilbara - gold.

Artemis’ quarterly activities report is expected later this month.

— with Danielle Doporto, Tharun George

 

]]>
Wed, 23 Jan 2019 16:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213196/artemis-resources-puts-54-million-to-use-on-carlow-castle-and-armada-in-pilbara-213196.html
<![CDATA[Media files - Artemis Resources' executive director updates on gold and base metals projects ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11939/artemis-resources--executive-director-updates-on-gold-and-base-metals-projects-11939.html Tue, 22 Jan 2019 15:27:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11939/artemis-resources--executive-director-updates-on-gold-and-base-metals-projects-11939.html <![CDATA[News - Artemis Resources identifies 8 new targets from airborne survey ]]> https://www.proactiveinvestors.com.au/companies/news/212731/artemis-resources-identifies-8-new-targets-from-airborne-survey-212731.html Artemis Resources Ltd (ASX:ARV) has identified eight targets through an airborne magnetic survey conducted on its Armada Prospect in the East Pilbara region of Western Australia.

The targets are within 22 kilometres radius of Greatland Gold PLC’s (LON:GGP) Havieron Project, where Greatland intersected 275 metres at 4.77 g/t gold and 0.61% copper from 459 metres.

READ: Artemis Resources release another new JORC resource

Artemis’s executive director Ed Mead said: “The drilling results from Greatland Gold on their Havieron gold copper discovery near Telfer are quite extraordinary.

“The latest airborne survey undertaken by Artemis has now identified a large number of very prospective exploration targets surrounding Havieron, with the Kzinti Target as close as only 2.5 kilometres away and on the Greatland/Artemis tenement boundary.

“Artemis surrounds Havieron on three sides and right now we see this project as one of the most exciting in the company’s extensive Pilbara tenement portfolio.”

Follow-up gravity survey being planned

Further work interpreting the magnetic data is underway, and a gravity survey has been recommended to further assist with drill targeting and ranking of the targets.

Planning is underway for this gravity survey, which willl assist in defining the highest-ranking targets.

]]>
Thu, 17 Jan 2019 09:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212731/artemis-resources-identifies-8-new-targets-from-airborne-survey-212731.html
<![CDATA[News - Artemis Resources release another new JORC resource ]]> https://www.proactiveinvestors.com.au/companies/news/211621/artemis-resources-release-another-new-jorc-resource-211621.html Artemis Resources Ltd (ASX:ARV) has revealed a new, shallow nickel-copper-cobalt JORC resource estimate for its 100% owned Radio Hill Nickel Mine in the Pilbara region of Western Australia.

The resource is in the Indicated category and measures 1.15 million tonnes at 0.52% nickel, 0.73% copper and 277 ppm cobalt.

Radio Hill is on a fully approved mining lease and contains Artemis’ 100% owned Radio Hill Processing Plant and the historical Radio Hill underground mine.

The shallow, upper portion of Radio Hill could represent an opportunistic mining target within close proximity to the Radio Hill infrastructure.

READ: Artemis Resources boosts gold resource at Weerianna

Artemis’ executive director Ed Mead said: “This updip extension to the historic Radio Hill underground represents a new, shallow nickel – copper resource approximately 400 metres from the Radio Hill plant.

“Further resource development work is required to determine the optimum means to monetise the project and this work will be reviewed in 2019.”

In 2018 Artemis drilled the shallow mineralisation up-dip from the Fox underground workings on a regular grid.

This included another 80 reverse circulation (RC) holes and 7 diamond holes for 6,779.5 metres.

Drilling aimed to verify older drilling which comprised 1,052 holes for 89,885 metres.

]]>
Fri, 21 Dec 2018 12:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211621/artemis-resources-release-another-new-jorc-resource-211621.html
<![CDATA[News - Artemis Resources boosts gold resource at Weerianna ]]> https://www.proactiveinvestors.com.au/companies/news/211438/artemis-resources-boosts-gold-resource-at-weerianna-211438.html Artemis Resources Ltd (ASX:ARV) has updated the shallow gold resource at its 80% owned Weerianna Gold Project in the West Pilbara region of Western Australia.

The JORC-compliant Inferred resource measures 975,000 tonnes grading 2.0 g/t gold for 62,739 ounces of contained gold.

Notably, Weerianna is on a granted mining lease and is located 35 kilometres by road to the Radio Hill processing plant where a new gravity gold circuit has recently been installed.

READ: Artemis Resources recommences drilling at Carlow Castle, resource update pending

Artemis’ CEO Wayne Bramwell said: “Artemis has drilled 37,000 metres across eight of its projects in the last 12 months to best determine which sites warrant more exploration expenditure.

“Weerianna has only been drilled to an average depth of 69 metres and as a shallow, quartz vein style gold resource may have the potential to increase in scale with deeper drilling.”

Further exploration at Weerianna will be ranked, reviewed and prioritised in 2019.

Shallow trenching at Weerianna Project

JORC resource a result of recent drilling

Artemis undertook a reverse circulation (RC) drilling program in 2018 comprising 19 drill holes for a total of 1,644 metres.

Drilling tested for extensions to previously interpreted locations for mineralisation and to provide confirmation of previous results.

The JORC estimate was compiled using these results and historical drill results.

]]>
Wed, 19 Dec 2018 10:11:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211438/artemis-resources-boosts-gold-resource-at-weerianna-211438.html
<![CDATA[News - Artemis Resources recommences drilling at Carlow Castle, resource update pending ]]> https://www.proactiveinvestors.com.au/companies/news/211097/artemis-resources-recommences-drilling-at-carlow-castle-resource-update-pending-211097.html Artemis Resources Ltd (ASX:ARV) has recommenced aircore drilling at its 100% owned Carlow Castle Gold-Copper-Cobalt Project in the West Pilbara region of Western Australia.

Drilling aims to define strike extensions to the east and west of the existing drilling.

Results from this program will be combined with other exploration data to design a resource development drill program scheduled for the March quarter 2019.

A JORC resource update is underway using the near-24,000 metres of previous drill data and is expected in early 2019.

READ: Artemis Resources secures $5.4 million, commences airborne survey

Artemis’ CEO Wayne Bramwell said: “This drill program is testing strike extensions to the east and west of the existing 1.2 kilometres of strike drilled at Carlow Castle to date and provides Artemis with a running start into 2019.

“The next stage of resource development post the release of the resource update will include a targeted RC and diamond program to provide additional samples for geotechnical, structural and metallurgical test work.”

READ: Artemis Resources first pass met work supports low cost processing

Artemis continues to build a resource base at Carlow Castle, which it hopes to turn into a mining operation with the ore being processed through the nearby 100% owned Radio Hill processing plant. 

Last month Artemis received initial results from its metallurgical program underway at the Carlow Castle.

Positively, the first pass metallurgical program indicated that Carlow Castle is amenable to low cost gravity gold recovery and base metal flotation processes.

]]>
Thu, 13 Dec 2018 10:49:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211097/artemis-resources-recommences-drilling-at-carlow-castle-resource-update-pending-211097.html
<![CDATA[News - Artemis Resources secures $5.4 million, commences airborne survey ]]> https://www.proactiveinvestors.com.au/companies/news/210262/artemis-resources-secures-54-million-commences-airborne-survey-210262.html Artemis Resources Ltd (ASX:ARV) has secured around $5.4 million in funding from UK-based institutional group Riverfort Global Capital Limited.

The funding will be applied to exploration activities at the Armada Project and the next resource upgrade and preliminary metallurgical work from the Carlow Castle Project.

The Armada Project surrounds Greatland Gold PLC’s (LON:GGP) Haverion Project on three sides, where drilling this year discovered 121 metres at 2.93 g/t gold and 0.23% copper.

READ: Artemis Resources to commence magnetic survey in emerging Patersons Range region

Artemis’s executive chairman David Lenigas said: “Armada is a new and exciting opportunity, especially on the back of recent drilling success by Greatland Gold on its Havieron gold-copper project.

“Artemis has an exploration licence application over 600 square kilometres strategically located alongside Havieron, with interest in this area significant at present.

Funding comes at a valuable time

“This new funding allows Artemis to start exploration at Armada and finalise the next resource upgrade and preliminary metallurgical results from our Carlow Castle Gold-Copper-Cobalt Project near Karratha, whilst we await key approvals from the WA Government for our Radio Hill tailings facility.”

“We believe this funding package is important to the company, as it keeps us well-funded at a time we want to be advancing our projects on multiple fronts and don’t want to be slowed by global markets not generally favourable to junior resources companies.”

READ: Artemis Resources first pass met work supports low cost processing

Earlier this week, Artemis received initial results from its metallurgical program underway at the Carlow Castle Gold-Copper-Cobalt Project in Western Australia.

Importantly, the first pass metallurgical program indicated that Carlow Castle is amenable to low cost gravity gold recovery and base metal flotation processes.

]]>
Fri, 30 Nov 2018 12:02:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210262/artemis-resources-secures-54-million-commences-airborne-survey-210262.html
<![CDATA[News - Artemis Resources first pass met work supports low cost processing ]]> https://www.proactiveinvestors.com.au/companies/news/209975/artemis-resources-first-pass-met-work-supports-low-cost-processing-209975.html Artemis Resources Ltd (ASX:ARV) has received initial results from its metallurgical program underway at the Carlow Castle Gold-Copper-Cobalt Project in Western Australia.

Artemis’s CEO Wayne Bramwell said: “This first pass metallurgical program indicates Carlow Castle is amenable to low cost gravity gold recovery and base metal flotation processes.

“The high-grade copper concentrates (with gold credits) produced are encouraging and cobalt flotation is now progressing.”

Preliminary results from two Carlow Castle metallurgical composites

READ: Artemis Resources Ltd begins trading on OTCQB Venture Market in the US

Preliminary metallurgical test work is focussed upon recovery of (1) gold from both gravity and leaching processes; and (2) copper and cobalt via conventional flotation.

Options to maximise the total gold and copper recovery are now being investigated.

The cobalt flotation test work is at an early stage and the focus of this program is reagent screening to maximise cobalt recovery.

Results in December, enabling off-take discussions

Results of this program are expected in December with reporting post evaluation of all assay data.

The results of the metallurgical test work program will provide Artemis with a basis to commence discussions with off-take partners enabling the commencement of a scoping study in Q1, 2019.

]]>
Tue, 27 Nov 2018 10:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209975/artemis-resources-first-pass-met-work-supports-low-cost-processing-209975.html
<![CDATA[News - Artemis Resources to commence magnetic survey in emerging Patersons Range region ]]> https://www.proactiveinvestors.com.au/companies/news/209714/artemis-resources-to-commence-magnetic-survey-in-emerging-patersons-range-region-209714.html Artemis Resources Ltd (ASX:ARV) will commence exploration at its 600-square-kilometre Armada Project in the Patersons Range region of Western Australia.

The project surrounds Greatland Gold PLC’s (LON:GGP) Haverion Project on three sides, where drilling this year discovered 121 metres at 2.93 g/t gold and 0.23% copper.

A review of all geophysical data from Armada has been completed with magnetic features in coarse airborne magnetic data confirming structures of interest exist.

A high resolution airborne magnetic survey is being planned.

READ: Artemis Resources Ltd begins trading on OTCQB Venture Market in the US

Artemis’ executive director Ed Mead said: “With increasing newsflow about Rio Tinto’s exploration efforts in the Patersons Range and the recent excellent gold/copper results from Greatland Gold’s Haverion Project that is contiguous to Artemis’ Armada Prospect, the time to further investigate our ground is right. To kick off our exploration in this highly prospective region a detailed high resolution magnetic survey will now commence.”

Armada is located in a region featuring several known mineral discoveries.

These include Newcrest Mining Limited’s (ASX:NCM) large Telfer gold-copper mine and O’Callaghan’s tungsten-copper deposit and Metals X Limited (ASX:MLX) Nifty Copper Mine.

]]>
Thu, 22 Nov 2018 10:44:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209714/artemis-resources-to-commence-magnetic-survey-in-emerging-patersons-range-region-209714.html
<![CDATA[News - Artemis Resources Ltd begins trading on OTCQB Venture Market in the US ]]> https://www.proactiveinvestors.com.au/companies/news/209632/artemis-resources-ltd-begins-trading-on-otcqb-venture-market-in-the-us-209632.html Artemis Resources Ltd (ASX:ARV) (OTCQB:ARTTF) (FRA:ATY) has officially started trading on the OTCQB Venture Market in the United States.

This market is for early stage and developing international and US companies.

It offers the benefits of being publicly traded in the US with lower cost and complexity than a US exchange listing.

READ: Artemis Resources gains new substantial shareholder

To be eligible, international companies must be current in their local market and undergo an annual verification and management certification process.

The company said it had traded actively on the ‘OTC Pinks’ for some time and the move to the OTCQB would allow all brokers in the US to trade Artemis.

Chief executive officer Wayne Bramwell said: “Trading on the full OTCQB Venture Market allows Artemis to engage a far broader network of US investors, data distributors and media partners.

“This ensures US investors have greater access to the same high-quality information that is available to our Australian and European investors.

"This will assist in greatly raising the company’s profile in the US, as we advance our new and expanding cobalt, gold and copper assets in the Pilbara.”

READ: Artemis Resources sampling identifies three large new gold targets in West Pilbara

Sampling by Artemis has led to the identification of three new large gold geochemical targets within 30 kilometres of its Radio Hill processing plant (below) in the West Pilbara region of Western Australia.

The targets – Patterson’s Hut, Ruth Well North and Pipeline – were identified in the first regional-scale compilation of geochemical data in the Karratha region.

This program also resulted in Artemis identifying new extensions at the existing Silica Hills and Nickol River targets.

Artemis is ranking and prioritising targets with plans for first pass aircore drilling being developed following receipt of Plan of Work and heritage approvals.

]]>
Wed, 21 Nov 2018 12:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209632/artemis-resources-ltd-begins-trading-on-otcqb-venture-market-in-the-us-209632.html
<![CDATA[Media files - Artemis Resources' exploration work 'dispels myths about the Pilbara' ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11126/artemis-resources-exploration-work-dispels-myths-about-the-pilbara--11126.html Wed, 07 Nov 2018 15:15:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11126/artemis-resources-exploration-work-dispels-myths-about-the-pilbara--11126.html <![CDATA[News - Artemis Resources sampling identifies three large new gold targets in West Pilbara ]]> https://www.proactiveinvestors.com.au/companies/news/208453/artemis-resources-sampling-identifies-three-large-new-gold-targets-in-west-pilbara-208453.html Artemis Resources Ltd (ASX:ARV) (FRA:ATY) (OTCMKTS:ARTTF) has discovered three new large gold geochemical targets within 30 kilometres of its Radio Hill processing plant in the West Pilbara of WA.

The targets – Patterson’s Hut, Ruth Well North and Pipeline – were identified in the first regional-scale compilation of geochemical data in the Karratha region.

This program also resulted in Artemis identifying new extensions at the existing Silica Hills and Nickol River targets.

Artemis’ executive director Ed Mead said: “Karratha until recently has remained relatively unexplored for its gold potential.

“This area-wide geochemical and rock chip survey indicates substantial gold prospectivity exists within Artemis’ extensive tenement package, all within a short trucking distance of our Radio Hill processing plant.

“The use of ionic geochemical analysis techniques in conjunction with traditional geochemical sampling has helped Artemis identify numerous new targets and projects such as Carlow Castle and Purdy’s Reward.”

Targets identified or highlighted by regional gold geochemistry.

READ: Artemis Resources building a mining future around the Radio Hill plant

Apart from the high-profile conglomerate related gold occurrences at Purdy’s Reward-Comet Well, the West Pilbara has a long history of small-scale gold production predominantly from quartz vein related systems.

Artemis noted the presence of shear zone hosted gold at Nickol River feeding alluvial/eluvial systems in the area and the axial plane quartz-gold-arsenopyrite mineralisation at the Weerianna Gold Project.

After consideration of this information with the multiple other known gold sources within the greenstones, geochemical exploration was initiated in the Carlow Castle area.

Based on the Carlow Castle success, sampling was subsequently expanded.

READ: Artemis Resources identifies multiple new high-priority cobalt targets

Broad regional soil geochemistry sampling was undertaken across the consolidated Artemis tenure on 400-metre spaced lines aligned north-south.

Multi-element responses

There were 12,247 samples collected 100 metres apart along these lines and a major multi-element suite of analyses were then conducted.

All the main areas identified in the geochemistry show multi-element responses.

Gold geochemistry responds strongly at Carlow Castle, Nickol River and Silica Hills, along with the new discoveries at Pattersons Hut, Ruth Well North and Pipeline.

READ: Artemis Resources significantly boosts copper zinc resource at Whundo

At Patterson’s Hut rock chip samples in veins and gossanous chert returned up to 11.4 g/t gold across a 4.5-kilometre-long surface soil anomaly.

Rock chip samples of up to 5.04 g/t gold were returned from Ruth Well North across a 14-kilometre-long surface anomaly.

A soil geochemistry anomaly in association with numerous nuggets in shear zones has been identified across two 1.0-kilometre-long trends at Pipeline.

Targets being prioritised

Some infill sampling has been completed across the regional tenure and assays are pending.

Artemis is ranking and prioritising targets with plans for first pass aircore drilling being developed following receipt of Plan of Work and heritage approvals.

]]>
Mon, 05 Nov 2018 09:56:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208453/artemis-resources-sampling-identifies-three-large-new-gold-targets-in-west-pilbara-208453.html
<![CDATA[Media files - Artemis Resources sees Carlow Castle as "the top of the pack" ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11089/artemis-resources-sees-carlow-castle-as-the-top-of-the-pack--11089.html Fri, 02 Nov 2018 09:09:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11089/artemis-resources-sees-carlow-castle-as-the-top-of-the-pack--11089.html <![CDATA[News - Artemis Resources gains new substantial shareholder ]]> https://www.proactiveinvestors.com.au/companies/news/208364/artemis-resources-gains-new-substantial-shareholder-208364.html Artemis Resources Ltd (ASX:ARV) has revealed that Veni Vidi Vici Limited has become a new substantial shareholder in the company with 36.38 million shares.

Veni Vidi Vici is focused on investment in and acquisitions of companies operating in the precious metals and base metals sectors globally.

READ: Artemis Resources identifies multiple new high-priority cobalt targets

Artemis continues to develop its project portfolio in the West Pilbara area which surrounds the 100% owned Radio Hill processing facility.

The company is advancing multiple exploration projects with the objective of commencing mining operations to feed the Radio Hill plant.

Carlow Castle the most advanced project

In the September quarterly report released earlier this week, Artemis’s executive chairman David Lenigas said: “The rapid emergence and pending resource update on our cornerstone Carlow Castle Gold-Cobalt-Copper Project and recent cobalt exploration success is driving Artemis to expand our flow sheet development program at Radio Hill, with a view to multi-commodity production.

“The investment at Radio Hill to date has been gold-focused with the ongoing refurbishment of the crushing and grinding circuits, the installation of a new gold circuit, acquisition of a larger, refurbished flotation circuit and extensive repairs/rehabilitation of surface infrastructure including the tails storage facilities.

Multiple exploration opportunities

“This expenditure plus extensive exploration activity at Carlow Castle and Munni Munni has seen the company advance across multiple fronts.

“Corporately, Artemis continues to seek opportunities to leverage our land holdings by finalising a 70% earn-in on the Munni Munni Project with Platina Resources and announcing a strategic processing alliance with  Pacton Gold (post quarter-end).”

]]>
Fri, 02 Nov 2018 08:46:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208364/artemis-resources-gains-new-substantial-shareholder-208364.html
<![CDATA[News - Artemis Resources identifies multiple new high-priority cobalt targets ]]> https://www.proactiveinvestors.com.au/companies/news/207977/artemis-resources-identifies-multiple-new-high-priority-cobalt-targets-207977.html Artemis Resources Ltd (ASX:ARV) has completed the first systematic consolidation of regional scale geochemical data to identify new cobalt targets in the West Pilbara region.

The Fenceline target, for example, is a strong 2,000-metre cobalt signature and these targets are now being ranked and prioritised for follow-up assessment.

READ: Artemis Resources processing facility attracts attention from Canadian explorer

Artemis’ director Ed Mead said: “Cobalt has been known about in this region since the early 1920s but no province wide assessment has been undertaken until now.

“This first regional compilation of historic and newly acquired geochemical data gives usthe first view into cobalt prospectivity and has identified multiple new cobalt targets across the broader Artemis tenure.

“Drilling by Artemis at the Carlow Castle Cobalt-Gold-Copper Project is informing our regional view of the cobalt opportunity and this work shows there is much more to be discovered in the West Pilbara, with modern techniques.

“Ranking and prioritisation of these targets is now underway.”

Details on the targets is as follows:

• Carlow North: Strong cobalt signature (over 600 metres) north of Carlow Castle, interpreted to relate to an ultramafic sequence;
• Zac: Strong cobalt signature (over 900 metres) along faulted contact of ultramafic and banded iron formation;
• Fenceline: Strong cobalt signature (over 2,000 metres) south of Ruth Well on contact of ultramafics with the Sholl Shear Zone;
• Bel’s PGE: An area of complex cobalt and PGE responses associated with an interpreted fault disrupted mafic/ultramafic intrusive;
• Purdy’s Reward Road: Zone of strong cobalt associated with sheared basalts along the southern margin of the Yannery Granite; and
• Dingo and The Gap Prospects: Multi-metal signatures analogous to the Carlow Castle Co-Au-Cu Deposit geochemistry.

]]>
Mon, 29 Oct 2018 12:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207977/artemis-resources-identifies-multiple-new-high-priority-cobalt-targets-207977.html
<![CDATA[News - Artemis Resources processing facility attracts attention from Canadian explorer ]]> https://www.proactiveinvestors.com.au/companies/news/207327/artemis-resources-processing-facility-attracts-attention-from-canadian-explorer-207327.html Artemis Resources Ltd (ASX:ARV) has signed a memorandum of understanding (MoU) with Pacton Gold Inc. (CVE:PAC) to enter into a strategic processing alliance.

The MoU contemplates collaboration between the two companies to utilise Artemis’s 100% owned Radio Hill processing plant, on a non-exclusive basis.

An alliance would be mutually beneficial – Pacton could process bulk samples from its multiple nearby mine leases and Artemis could generate fees or value for processing at its facility.

READ: Artemis Resources building a mining future around the Radio Hill plant

Artemis’ executive chairman David Lenigas said: “Artemis’ 100% owned Radio Hill processing plant will become a multimetal production platform and it now has a gold circuit.

“This capability makes it an increasingly strategic asset and provides the opportunity for other gold companies in the Pilbara to fast track their bulk sampling and project evaluation programs.

“Pacton is a sizeable tenement holder in the Pilbara and has recognised the strategic value of having access to Artemis’s processing operations.

“Trucking transport costs in the Pilbara are very reasonable, hence the attraction of access to the Radio Hill infrastructure for Pacton.

“Through this collaboration with Artemis, Pacton can potentially expedite their exploration and development initiatives and as such this strategic alliance is seen as win-win for both companies.”

Pacton is backed by Eric Sprott

Pacton is a well-financed, aggressive Canadian explorer which has the backing of Canadian billionaire Eric Sprott as its major shareholder.

The company controls one of the largest conglomerate-hosted gold property portfolios with tenements totalling in excess of 2,840 square kilometres.

]]>
Thu, 18 Oct 2018 10:45:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207327/artemis-resources-processing-facility-attracts-attention-from-canadian-explorer-207327.html
<![CDATA[News - Artemis Resources drills more high-grade cobalt at Carlow Castle ]]> https://www.proactiveinvestors.com.au/companies/news/207023/artemis-resources-drills-more-high-grade-cobalt-at-carlow-castle-207023.html Artemis Resources Ltd (ASX:ARV) has drilled more high-grade cobalt, copper and gold mineralisation at its 100% owned Carlow Castle Project in Western Australia.

Mineralisation has now been extensively drilled over a continuous strike of 1.2 kilometres from a target of over 12 kilometres in strike length.

All drill results have now been received from the extensive 24,655-metre drilling program and a new JORC 2012 compliant resource is now being estimated.

READ: Artemis Resources deep drilling assays from Carlow Castle build resource potential

Artemis’ executive director Ed Mead said: “Carlow Castle was one of the first ever cobalt discoveries in Australia in the 1920’s and since intersecting cobalt grades up to 6.5% in the early stages of this drilling program, this project continues to deliver outstanding results.

“The company has drilled ~10% of the 12-kilometre target zone and sees multiple opportunities to grow this project.

New JORC expected this quarter

“Metallurgical test work is well advanced and a significant new JORC resource is expected this quarter.

“Artemis is now making plans for an aggressive new drilling program with multiple rigs to expand this resource well beyond what has been defined to date.

“Carlow Castle is a very exciting project and one that can add significant long-term value to Artemis.”

Only 1.2 kilometres of 12-kilometre strike tested

The Carlow Castle deposit is now classified as a brecciated basalt within a major shear zone.

Best drill intersections received to date include:

▪ 16 metres at 0.94% cobalt, 7.62 g/t gold and 3.51% copper from 36 metres;
▪ 6.5 metres at2.32% cobalt, 23.44 g/t gold and 10.35% copper from 47 metres;
▪ 11 metres at 14.07 g/t gold, 0.79% cobalt, and 3.41% copper from 32 metres;
▪ 16 metres at 7.62 g/t gold, 0.94% cobalt and 3.51% copper from 36 metres; and
▪ 11 metres at 3.41% copper, 14.07 g/t gold and 0.79% cobalt from 32 metres.

]]>
Mon, 15 Oct 2018 10:08:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207023/artemis-resources-drills-more-high-grade-cobalt-at-carlow-castle-207023.html
<![CDATA[News - Artemis Resources significantly boosts copper zinc resource at Whundo ]]> https://www.proactiveinvestors.com.au/companies/news/206730/artemis-resources-significantly-boosts-copper-zinc-resource-at-whundo-206730.html Artemis Resources Ltd (ASX:ARV) has upgraded the copper and zinc resource to JORC 2012 standards at its 100% owned Whundo Copper Mine in the West Pilbara region of Western Australia.

Significantly, Whundo is on a fully approved mining lease and is located only about 7 kilometres from Artemis’ 100% owned Radio Hill Processing Plant.

Artemis’s CEO Wayne Bramwell said: “This resource upgrade has seen a circa 30% uplift in the Whundo sulphide resource to 2.2 million tonnes and contained copper and zinc metal tonnes has grown significantly to ≈50,000 tonnes combined.

"The shallow oxide resource is entirely new.

READ: Artemis Resources building a mining future around the Radio Hill plant

“Whundo was shut down in 2008 due to low copper and zinc prices. It is a valuable asset, considering it is an approved mining lease and is so close to our Radio Hill processing plant.

“The oxide grade of 1.75% copper is tantalizing and with this zone extending from near-surface to ~40 metres below surface, Artemis is evaluating the integration of SX-EW processing at Radio Hill.

“In addition, the larger sulphide zone could provide an additional blending source that could supplement Carlow Castle ore and further enhance copper grade to the Radio Hill Operations.”

Drilling program upgrades to JORC 2012 resource

Artemis completed drilling of the Whundo deposit aiming to verify older non-JORC compliant drilling and to increase the drill data available in the upper levels of the mineralisation.

The company drilled 64 reverse circulation (RC) holes and 7 diamond holes for 5,490 metres in 2018.

The Whundo deposit occurs in two zones, Whundo and Whundo West.

 

]]>
Wed, 10 Oct 2018 10:57:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206730/artemis-resources-significantly-boosts-copper-zinc-resource-at-whundo-206730.html
<![CDATA[News - Artemis Resources deep drilling assays from Carlow Castle build resource potential ]]> https://www.proactiveinvestors.com.au/companies/news/205589/artemis-resources-deep-drilling-assays-from-carlow-castle-build-resource-potential-205589.html Artemis Resources Ltd (ASX:ARV) continues to intersect shallow and deeper high-grade gold, cobalt and copper assays at its Carlow Castle Project in Western Australia.

Latest assays highlight the project’s depth potential of the mineralised shear zone system with 25 metres at 3.38 g/t gold, 0.24% cobalt, 0.77% copper from 228 metres depth.

This drilling program at Carlow Castle focussed on an initial 1.2x4 kilometre mineralised trend identified by pre-drilling exploration.

Mineralisation has been intersected over 500 metres in a north-south orientation from Quod Est to Carlow Castle South, with the main strike of mineralisation at Carlow Castle being east-west.

The objective of this drilling was to infill and extend the 1.2 kilometre east-west strike and seek to join Quod Est, Carlow Castle South and Carlow Castle South East into one larger resource.

This east-west trend remains open along strike and results reported here confirm the depth potential in the eastern end of the system.

READ: Artemis Resources building a mining future around the Radio Hill plant

Artemis’ CEO Wayne Bramwell said: “The latest results continue to support our view that there are multiple mineralising events and deeper extensions existing within the larger Carlow Castle system.

“Artemis is on track for a resource update in Q4 and post this, additional extensional and in-fill drilling is planned to define the broader scale and the internal controlling structures of this emerging gold-cobalt-copper deposit.”

READ: Artemis Resources drills another high-grade cobalt gold zone at Carlow Castle

Best high-grade intervals across Carlow Castle South East include:

• 25 metres at 3.38 g/t gold, 0.24% cobalt, 0.77% copper from 228 metres including 5 metres at 9.62 g/t gold, 0.65% cobalt, 0.79% copper;
• 43 metres at 0.99 g/t gold, 0.16% cobalt and 1.05% copper from 66 metres;
• 34 metres at 1.27 g/t gold, 0.06% cobalt, 1.34% copper from 47 metres
• 9 metres at 3.45 g/t gold, 0.21% cobalt and 0.83% copper from 50 metres;
• 24 metres at 0.77 g/t gold, 0.05% cobalt and 1.80% copper from 4 metres; and
• 14 metres at 3.21 g/t gold, 0.07% cobalt and 1.55% copper from 25 metres.

Additional assays pending

Additional assays are pending for Carlow Castle to close out this round of drilling and will be released as they become available.

Diamond drilling comprises approximately 6.5% of total drilling to date at Carlow Castle and this will be increased to assist with future structural and geotechnical studies.

Future drilling, post a resource update, will target testing further strike extensions and seek to infill some sections to define the major controlling structures.

]]>
Tue, 25 Sep 2018 11:09:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205589/artemis-resources-deep-drilling-assays-from-carlow-castle-build-resource-potential-205589.html
<![CDATA[News - Artemis Resources building a mining future around the Radio Hill plant ]]> https://www.proactiveinvestors.com.au/companies/news/205387/artemis-resources-building-a-mining-future-around-the-radio-hill-plant-205387.html Artemis Resources Ltd (ASX:ARV) continues to advance construction of its 100% owned Radio Hill processing plant in Western Australia.

Since commencing construction works on 20 August 2018, a number of items have been completed including the refurbishment of the crushing circuit.

Artemis’ CEO Wayne Bramwell said: “After the initial delay associated with approvals, the construction and refurbishment work associated with the gold circuit will be completed next quarter.

“The installation of this gold circuit at Radio Hill is stage I of our strategic plan and begins the process to expand the multi-metal capability of the Radio Hill Operations.”

Work programs to date

In November 2017 Artemis appointed Process 26 Engineers and Constructors to refurbish and upgrade the existing Radio Hill crushing and grinding circuits.

Construction activities commenced 20 August 2018 to upgrade the facility with the installation of additional crushing equipment, tailings dewatering facilities and a gold room.

Gekko Systems were also mobilised to install and commission the gravity gold extraction circuit.

The crushing circuit refurbishment program is complete including the installation of the gold circuit by Gekko.

Works have commenced on the milling and classification area as well as internal plant electrical works.

READ: Artemis Resources recovers 7 kilograms of gold nuggets from two conglomerate deposits in Western Pilbara

A number of exploration and development activities are ongoing alongside the refurbishment of the Radio Hill processing plant.

These include:

• TSF3 and TSF4 approval submissions;
• Long-term power supply options with Horizon Power and others;
• DMIRS approvals required for bulk sampling at several of its gold targets including Carlow Castle and Nickol River;
• Resource updates on the Weeriana gold and Carlow Castle gold-copper-cobalt projects, and
• Conversion of Carlow Castle and 47K Patch to a mining lease.

]]>
Fri, 21 Sep 2018 09:24:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205387/artemis-resources-building-a-mining-future-around-the-radio-hill-plant-205387.html
<![CDATA[Media files - Artemis Resources looking at 'strong news flows, resource updates, before end of year' ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10499/artemis-resources-looking-at-strong-news-flows-resource-updates-before-end-of-year--10499.html Tue, 18 Sep 2018 11:24:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10499/artemis-resources-looking-at-strong-news-flows-resource-updates-before-end-of-year--10499.html <![CDATA[News - Artemis Resources recovers 7 kilograms of gold nuggets from two conglomerate deposits in Western Pilbara ]]> https://www.proactiveinvestors.com.au/companies/news/204980/artemis-resources-recovers-7-kilograms-of-gold-nuggets-from-two-conglomerate-deposits-in-western-pilbara-204980.html Artemis Resources Ltd (ASX:ARV) (FRA:ATY) has recovered 7 kilograms, or 225 ounces, of gold nuggets from exploration at two deposits in the Western Pilbara region of WA.

These nuggets have been recovered by Artemis from the conglomerate-style gold deposits at 47K Patch and Purdy’s Reward south of Karratha.

There have been around 6 kilograms, or 193 ounces, recovered from 47K Patch with further gold being recovered from exploration activities on an ongoing basis.

READ: Artemis Resources' multi-mineral Pilbara exploration yields potential for Radio Hill processing

Before announcing the 50:50 joint venture with Novo Resources Corp (CVE:NVO) at Purdy’s Reward last month, the company had recovered around 1 kilogram, or 32 ounces, from that deposit.

Artemis’ chief executive officer Wayne Bramwell said, “Exploration on our 47K target is focused upon understanding the structural controls and geology of the mineralising system.”

Adding to nugget stockpile

He said, “We are working closely with the CSIRO and a benefit of groundwork here is that we continue to add to our stockpile of nuggets.”

Artemis’ Ed Mead (left) and Wayne Bramwell with the 100%-owned conglomerate hosted gold nuggets.

The company is focusing on 47K Patch and has recently completed mapping, and flora, fauna and heritage surveys to allow exploration efforts to expand.

Working with CSIRO

Artemis is working with the CSIRO and is completing a Sub Audio Magnetics (SAM) geophysical survey over the 47K Patch, which is 70%-owned by Artemis and not part of the Novo Resources JV.

The company has decided to defer bulk sampling until all data is consolidated, integrated and processed.

Bulk sampling is planned

It retains the ability to bulk sample 9,600 tonnes and, at the appropriate time, will undertake this sampling.

The 47K Patch deposit is part of the company’s Comet Well West tenement package and is within approved tenement E47/3443.

Artemis’ tenements in the Western Pilbara region.

Investor interest from North America

Bramwell added, “The interest from North American investors in conglomerate gold opportunities remains high.

“As such the company will be marketing in the US during September and evaluating options to enhance its OTC listing there.”

Artemis is focused on its prospective base, battery and precious metals assets in an area of around 2,400 square kilometres in the Pilbara region.

READ: Artemis Resources to install and commission new circuits at Radio Hill plant

It also owns the 500,000 tonnes per annum Radio Hill processing plant and infrastructure, about 35 kilometres south of Karratha.

The Radio Hill processing plant.

Work towards Radio Hill’s restart is ongoing, with the first of three key approvals to install a new gold circuit received in July.

The planned Gekko gold circuit will provide Artemis with the ability to bulk-sample gold targets within its regional holdings.

READ: Artemis Resources drills another high-grade cobalt gold zone at Carlow Castle

The company is evaluating JORC-compliant resources of gold, nickel, copper-cobalt, PGE's and zinc, all situated within a 40-kilometre radius of the Radio Hill plant.

At the Carlow Castle project, Artemis continues to receive high-grade gold, cobalt and copper assays with the most recent results including 17 metres at 1.86 g/t gold, 0.61% cobalt and 0.05% copper from 88 metres.

]]>
Mon, 17 Sep 2018 12:37:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204980/artemis-resources-recovers-7-kilograms-of-gold-nuggets-from-two-conglomerate-deposits-in-western-pilbara-204980.html
<![CDATA[News - Artemis Resources drills another high-grade cobalt gold zone at Carlow Castle ]]> https://www.proactiveinvestors.com.au/companies/news/204685/artemis-resources-drills-another-high-grade-cobalt-gold-zone-at-carlow-castle-204685.html Artemis Resources Ltd (ASX:ARV) has received additional results from reverse circulation (RC) drilling at its Carlow Castle Project in the west Pilbara region of Western Australia.

High-grade gold, cobalt and copper assays continue to be delivered from the project with a new high-grade cobalt zone being identified within the Quod Est Area.

Highlights from Quod Est include 17 metres at 1.86 g/t gold, 0.61% cobalt and 0.05% copper from 88 metres.

READ: Artemis Resources exceptional drill results reveal value of Carlow Castle

Artemis’ CEO Wayne Bramwell said: “The latest drilling to the east of Quod Est has identified another high value zone of gold and cobalt mineralisation at Carlow Castle.

“The ARC 168 results and the strong hits across the eastern end of Carlow continues to support our view that a much larger system exists.

“This program has set Artemis up well for a resource update in quarter four and post this release, additional drilling will be planned to define the controlling structures and the full scale of this exciting gold-cobalt-copper deposit.”

Drilling focused on two areas

The latest drilling at Carlow Castle has been focussed on an initial 1.2 kilometres of a 4 kilometre mineralised trend.

Highlights from Quod Est included:

• 17 metres at 1.86 g/t gold, 0.61% cobalt and 0.05% copper from 88 metres including 2 metres at 9.02 g/t gold, 2.42% cobalt and 0.03% copper.

Highlights from Carlow Castle South East included:

• 33 metres at 2.68 g/t gold, 0.28% cobalt, 2.11% copper from 117 metres including 3 metres at 14.83 g/t gold, 1.04% cobalt and 5.95% copper;
• 37 metres at 1.53 g/t gold, 0.23% cobalt and 1.7% copper from 34 metres including 3 metres at 8.21 g/t gold, 0.57% cobalt and 5.78% copper;
• 15 metres at 4.13 g/t gold, 0.09% cobalt and 1.37% copper from 121 metres including 5 metres at 8.91 g/t gold, 0.13% cobalt and 2.66% copper;
• 7 metres at 10.65 g/t gold, 0.15% cobalt and 0.72% copper from 101 metres; and
• 11 metres at 5.12 g/t gold, 0.43% cobalt and 2.07% copper from 109 metres.

Drilling complete but more assays to come

Additional assays are pending for Carlow Castle and will be released as they become available.

This phase of drilling is now complete at Carlow Castle and a resource update can commence once all data has been received.

]]>
Wed, 12 Sep 2018 09:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204685/artemis-resources-drills-another-high-grade-cobalt-gold-zone-at-carlow-castle-204685.html
<![CDATA[News - Artemis Resources appoints German consulting firm to support Frankfurt listing ]]> https://www.proactiveinvestors.com.au/companies/news/203852/artemis-resources-appoints-german-consulting-firm-to-support-frankfurt-listing-203852.html Artemis Resources Ltd (ASX:ARV) (FRA:ATY) (OTCMKTS:ARTTF) has appointed European investment and financial markets consulting firm Deutsche Gesellschaft für Wertpapieranalyse Gmbh (DGWA) to support its listing on the Frankfurt Stock Exchange.

DGWA will support Artemis’ management in expanding the profile of the company’s base, battery and precious metal assets and in leveraging its existing Frankfurt listing.

The German investment firm consults to various companies, investors, institutions and federal organisations regarding their investment strategies.

READ: Artemis Resources’ exceptional drill results reveal value of Carlow Castle

Artemis chief executive officer Wayne Bramwell said the company was looking forward to working with DGWA to increase Artemis’ profile across Europe.

Bramwell said: “As the first company to consolidate a West Pilbara package of base, battery and precious metal assets with a processing plant, Artemis should be of great interest to German and European investors.”

Artemis is rapidly advancing its Carlow Castle cobalt, gold and copper project, with extensional and infill drilling ongoing this quarter.

Greater exposure to battery metal opportun ities

Commenting on the appointment, DGWA’s founder & CEO Stefan Müller said the firm was pleased to be working with Artemis as it expanded its presence in the European market.

Müller said: “Base, battery and precious metals are well understood here and Carlow Castle will be of particular interest to European retail, institutional and strategic investors as many are seeking greater exposure to battery metal opportunities outside of Africa.

“Germany is one of the world’s largest producers of premium automobiles and its manufacturers are at the forefront of the electric vehicle and hybrid revolution.”

READ: Artemis Resources to install and commission new circuits at Radio Hill plant

Müller graduated as a banker, beginning his career at Dresdner Bank AG as senior vice-president of global equity trading.

He has held senior positions with Equinet AG, Bankhaus Sal Oppenheim as head of global proprietary trading, as well as managing partner at Proprietary Partners AG, a Swiss-based hedge fund advisory company.

DGWA consults to various companies, investors, institutions and federal organisations regarding their investment strategy.

READ: Artemis Resources’ multi-mineral Pilbara exploration yields potential for Radio Hill processing

Earlier in the year Artemis revealed an indicated and inferred JORC resource for Carlow Castle of 2.3 million tonnes at 1.3 g/t gold, 0.11% cobalt, 0.5% copper and 1.6 g/t silver.

Assay results indicated high-grade cobalt at the prospect, with one hole returning 6.5 metres at 23.44 g/t gold, 2.32% cobalt and 10.35% copper from 47 metres.

Results announced this week confirmed the high-grade mineralisation, intersecting 132 metres at 4.89 g/t gold, 0.25% cobalt and 1.11% copper from 98 metres.

Carlow Castle is around 35 kilometres by road from Artemis’ 100%-owned Radio Hill plant.

]]>
Thu, 30 Aug 2018 16:37:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203852/artemis-resources-appoints-german-consulting-firm-to-support-frankfurt-listing-203852.html
<![CDATA[News - Artemis Resources exceptional drill results reveal value of Carlow Castle ]]> https://www.proactiveinvestors.com.au/companies/news/203740/artemis-resources-exceptional-drill-results-reveal-value-of-carlow-castle-203740.html Artemis Resources Ltd (ASX:ARV) has intersected 132 metres at 4.89 g/t gold, 0.25% cobalt and 1.11% copper from 98 metres at its Carlow Castle Project in the West Pilbara.

A number of broad, high-grade gold cobalt copper assays have been received from recent reverse circulation (RC) drilling at the project with further assays pending.

The project hosts three deposits, Carlow Castle South, Quod Est and Carlow Castle South East, which are 35 kilometres from the company’s 100% owned Radio Hill processing facility.

READ: Artemis Resources to install and commission new circuits at Radio Hill plant

Artemis’ CEO Wayne Bramwell said: “Carlow Castle is new and becoming a significant discovery in the West Pilbara.

“The gold, cobalt and copper tenor defined by Artemis to date is exceptionally high and the system is open at depth and along strike.

Three targets within one larger system

“Our current drilling footprint only covers an area 500 metres wide by 1.2 kilometres long and the three known targets are rapidly morphing into a much larger system than initially predicted.

“Artemis is excited as to the potential local and regional scale of this system.

“More assays are pending, with Artemis remaining focused upon delivering a resource update for Carlow Castle in the next quarter.”

Drilling intersected mineralisation in a north-south orientation from Quod Est to Carlow Castle South over 500 metres in length.

The drilling program aims to infill and extend the 1.2 kilometre east-west strike to test if Quod Est, Carlow Castle South and Carlow Castle South East join into one larger resource.

Latest assays show high grade nature of mineralisation

Best RC drill intersections include:

• 132 metres at 4.89 g/t gold, 0.25% cobalt and 1.11% copper from 98 metres including 16 metres at 18.78 g/t gold, 0.82% cobalt and 2.37% and 5 metres at 29.74 g/t gold, 1.12% cobalt and 3.42% copper;
• 53 metres at 7.6 g/t gold, 0.33% cobalt and 1.57% copper from 151 metres;
• 33 metres at 17.29 g/t gold, 0.37% cobalt and 2.22% copper from 151 metres including 4 metres at 102 g/t gold, 1.22% cobalt and 9.99% copper;
• 15 metres at 3.2 g/t gold, 0.42% cobalt and 0.8% copper from 148 metres including 5 metres at 7.47 g/t gold, 1.04% cobalt, 1.24% copper;
• 3 metres at 31.5 g/t gold, 1.45% cobalt and 3.57% copper from 130 metres; and
• 3 metres at 5.8 g/t gold, 0.13% cobalt and 0.59% copper from 173 metres.

Future drilling post a resource update will test further strike extensions.

]]>
Wed, 29 Aug 2018 10:56:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203740/artemis-resources-exceptional-drill-results-reveal-value-of-carlow-castle-203740.html
<![CDATA[News - Artemis Resources to install and commission new circuits at Radio Hill plant ]]> https://www.proactiveinvestors.com.au/companies/news/203255/artemis-resources-to-install-and-commission-new-circuits-at-radio-hill-plant-203255.html Artemis Resources Ltd (ASX:ARV) has received all three approvals to install and commission the new gold circuit at the company’s 100% owned Radio Hill mine site in Western Australia.

Artemis’ chief executive officer Wayne Bramwell said: “These approvals allow Artemis to install and commission a new tertiary crusher, gold circuit and our newly refurbished crushing and grinding units.

“Being able to treat gold ores is a new capability for Radio Hill and this enhancement ties directly into our strategic plan to expand the operational flexibility of the Radio Hill Operations.”

READ: Artemis Resources' multi-mineral Pilbara exploration yields potential for Radio Hill processing

Artemis now has an approved stage I throughput capacity of 500,000 tonnes per annum.

Stage I activities include the installation and operation of a modular gravity gold processing unit and associated crushing and milling equipment.

Concurrently, Artemis will advance submissions needed for stage II base metal operations at Radio Hill including a new four million tonnes tailings storage facility (TS4).

Part of the ongoing refurbishment of the facility

The Radio Hill processing plant is 35 kilometres from Karratha in the Pilbara region of Western Australia.

This base metal flotation concentrator and associated infrastructure was built in 1988 and previous operators invested more than $60 million between 1988 and 2002.

With the recent approvals, installation of all stage I gold circuit infrastructure will commence immediately.

Artemis continues to advance a number of other programs at Radio Hill in parallel with the stage I gold circuit such as long term power supply option, tailing facilities, bulk sampling approval and resource updates.

READ: Artemis Resources secures 70% of Pilbara project targeting gold

Artemis continues to be active across multiple projects in its portfolio that surrounds its Radio Hill facility.

Most recently, it satisfied earn-in requirements to acquire a 70% interest in the Munni Munni Project in the West Pilbara.

]]>
Tue, 21 Aug 2018 08:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203255/artemis-resources-to-install-and-commission-new-circuits-at-radio-hill-plant-203255.html
<![CDATA[News - Artemis Resources secures 70% of Pilbara project targeting gold ]]> https://www.proactiveinvestors.com.au/companies/news/203174/artemis-resources-secures-70-of-pilbara-project-targeting-gold-203174.html Artemis Resources Ltd (ASX:ARV) has satisfied earn-in requirements to acquire a 70% interest in the Munni Munni Project in the West Pilbara.

Munni Munni hosts Australia’s largest JORC compliant palladium resource but recent exploration has been focussed on gold.

By investing $750,000 in exploration, a 70:30 joint venture with Platina Resources Ltd (ASX:PGM) is now live.

READ: Artemis Resources' multi-mineral Pilbara exploration yields potential for Radio Hill processing

Munni Munni is contiguous to Artemis tenements on all sides and is located 20 kilometres from the company’s 100% owned Radio Hill processing plant, the only facility in the Karratha region.

The joint venture is now reviewing all relevant exploration data including recently conducted aerial electromagnetic surveys.

This will help determine a gold focussed work program to test the structural setting for possible conglomerate or paleo-placer gold targets.

Second deep drill hole completed, assays pending

Artemis also has reached a final depth of 790.5 metres in its second hole in the West Pilbara deep hole drilling program within the Balmoral project area.

The second hole, ASD-2, is testing the base of the Fortescue Group of rocks, similar to the first hole ASD-1.

Results from the drilling of ASD-1 and ASD-2 will be released as they come to hand.

The timeframe for results will not be immediate as work by CSIRO using Minalyzer and GSWA using Hylogger is to be completed, before further interpretaions can be completed of the geological setting.

READ: Artemis Resources has drill spinning for conglomerate-hosted gold

Elsewhere, Artemis and 50:50 joint venture partner Novo Resources Corp (CVE:NVO) recently commenced drilling at the Purdy’s Reward Conglomerate Gold Project in the West Pilbara.

Novo, the project’s operator, is undertaking infill drilling and bulk sampling to further evaluate the gold deposit.

Purdy’s Reward is nearby to Novo’s Comet Well project where mapping and trenching has recently confirmed the gold-bearing conglomerate stretches across both projects.

]]>
Mon, 20 Aug 2018 10:29:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203174/artemis-resources-secures-70-of-pilbara-project-targeting-gold-203174.html
<![CDATA[News - Artemis Resources has drill spinning for conglomerate-hosted gold ]]> https://www.proactiveinvestors.com.au/companies/news/203101/artemis-resources-has-drill-spinning-for-conglomerate-hosted-gold-203101.html Artemis Resources Ltd (ASX:ARV) and 50:50 joint venture partner Novo Resources Corp (CVE:NVO) have restarted exploration at the Purdy’s Reward Conglomerate Gold Project in the West Pilbara.

Novo is undertaking infill drilling and bulk sampling to further evaluate the gold deposit.

Purdy’s Reward is nearby to Novo’s Comet Well project where mapping and trenching has recently confirmed the gold-bearing conglomerate stretches across both projects.

READ: Artemis Resources' multi-mineral Pilbara exploration yields potential for Radio Hill processing

Artemis’ executive director Edward Mead said: “We are pleased to see the resumption of exploration activities at Purdy’s Reward.

“The geological and structural understanding of the Comet Well to Purdy’s Reward Conglomerate gold trend has significantly advanced since exploration started.

“With bulk sampling techniques streamlined by Novo over the past months at Comet Well, Artemis looks forward to improved turn around times for assays from Purdy’s Reward.”

Gold grades are being assessed by bulk sampling

The recently commenced infill diamond drilling at Purdy’s Reward aims to gather information about the depth and thickness of targeted conglomerate units.

Given the extremely nuggety nature of the deposit, gold grades are being assessed by bulk sampling.

Bulk samples using Novo’s new 5-10 tonne sampling protocol will soon be collected from trenches in areas.

The areas are near to where the Novo-Artemis joint venture collected 300 kilograms of gold-bearing bulk samples in 2017.

Working towards large-scale bulk sampling

The joint venture aim is to ultimately move the project toward large-scale bulk sample extraction and testing as a critical means of determining its potential viability.

Exploration aims to provide sufficient data for a mineralisation report by the end of 2018.

]]>
Fri, 17 Aug 2018 11:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203101/artemis-resources-has-drill-spinning-for-conglomerate-hosted-gold-203101.html
<![CDATA[News - Artemis Resources second deep Pilbara drill hole down to 444 metres ]]> https://www.proactiveinvestors.com.au/companies/news/202630/artemis-resources-second-deep-pilbara-drill-hole-down-to-444-metres-202630.html Artemis Resources Ltd (ASX:ARV) has reached a depth of 444.9 metres in its second hole in the West Pilbara deep hole drilling program.

The second hole, ASD-2, is testing the base of the Fortescue Group of rocks.

READ: Artemis Resources’ drilling continues to target potential gold-rich conglomerates in west Pilbara

The Fortescue Group is a thick sequence of volcanic and sedimentary rocks overlying granite greenstones in northwest Western Australia.

Seven formations make up the Forestcue Group.

The hole commenced in the Tumbiana Formation sediments and currently is within the second stratigraphic unit of Kylena Formation, which was intersected at 156.6 metres.

The Hardey Formation is expected to be intersected at around 495 metres.

Assay results from ASD-1 pending

Delivery of the first 800 metres of drill hole ASD-1 to the CSIRO for Minalyzer XRF analysis is scheduled for the 20-21 August 2018.

After the CSIRO has completed Minalyzer XRF, the core will then be sent to the GSWA core library for HyLogger scanning and for storage as part of the Western Australian Exploration incentive Scheme (EIS) funding program.

READ: Artemis Resources continues to intersect gold, cobalt and copper in the Pilbara

Also recently, Artemis intersected gold, cobalt and copper at its Carlow Castle Project in the Pilbara, Western Australia.

]]>
Fri, 10 Aug 2018 10:23:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202630/artemis-resources-second-deep-pilbara-drill-hole-down-to-444-metres-202630.html
<![CDATA[News - Artemis Resources' multi-mineral Pilbara exploration yields potential for Radio Hill processing ]]> https://www.proactiveinvestors.com.au/companies/news/202638/artemis-resources-multi-mineral-pilbara-exploration-yields-potential-for-radio-hill-processing-202638.html Artemis Resources Ltd (ASX:ARV) is advancing precious and base metals focused projects in Western Australia’s Pilbara region, as well as working towards bringing the Karratha area’s only processing plant Radio Hill back online.

The company is engaged in a joint venture (JV) with Novo Resources Corp (CVE:NVO) to explore conglomerate and paleo-placer gold deposits on 38 Artemis tenements within 100 kilometres of Karratha.

Drilling to grow base and battery metals inventory

Drilling and other programs are defining resources among Artemis’ other projects including: high-grade cobalt attended by gold and copper intersected at Carlow Castle; high-grade nickel at Ruth Well and Radio Hill; and high-grade cobalt-copper-zinc at the Whundo Mine.

It also has the Munni Munni project, which along with conglomerate gold targets hosts Australia’s largest platinum group elements (PGE) resource.

Artemis' holdings in the Karratha region

 

Strong cash position

Artemis is in a strong cash position since ending the financial year with $27 million cash on hand.

Artemis’ chief executive officer Wayne Bramwell said: “Excellent drilling results from our Carlow Castle, Whundo, Radio Hill and Ruth Well deposits should see growth in our base metal and battery resource inventory.

“We are very excited about what the remainder of this year will bring as Novo increases its exploration efforts at Purdy’s Reward.”

READ: Artemis Resources ends June quarter with $27 million cash

Artemis is up to date on all Novo JV expenditure commitments and the JV partners have agreed to a $5.4 million exploration and work program budget for the new financial year.

In the first four months the JV will focus on bulk sampling, diamond drilling and costeaning activities, primarily at Purdy’s Reward.

Large bulk samples will be collected and treated to provide necessary gold grade data for a mineralisation report, an important step toward converting the current exploration licence to a mining lease.

Watermelon-seed gold nuggets

The company has now confirmed gold extends from its Purdy’s Reward prospect through Novo Resources’ Comet Well and into Artemis’ Comet Well West tenements.

The defined zone runs for 8 kilometres and is highly prospective for conglomerate gold mineralisation considered analogous to the Witwatersrand Basin in South Africa.

Over four days of prospecting in August 2017, Artemis recovered 547 grams of gold nuggets shaped like watermelon seeds, a unique feature of the deposit.

A conglomerate gold sample from surface near Comet Well on Novo Corp's tenement

 

High-grade cobalt

Artemis is rapidly advancing its Carlow Castle cobalt, gold and copper project, with extensional and infill drilling planned for the current quarter.

Earlier this year the company revealed an indicated and inferred JORC resource for Carlow Castle of 2.3 million tonnes at 1.3 g/t gold, 0.11% cobalt, 0.5% copper and 1.6 g/t silver.

Recent assay results indicated high-grade cobalt at the prospect, with one hole returning 6.5 metres at 23.44 g/t gold, 2.32% cobalt and 10.35% copper from 47 metres.

READ: Artemis Resources drills some of Australia’s highest grade cobalt

Bramwell said: “These latest shallow cobalt, gold and copper assays from Carlow Castle are outstanding by any measure.

“The mineralisation remains open along strike and at depth and as such the drilling program will be expanded to further test this growing resource.”

Carlow Castle is around 35 kilometres by road from Artemis’ 100% owned Radio Hill plant.

READ: Artemis Resources’ second deep Pilbara drill hole down to 444 metres

To better assess the region’s geology, Artemis is drilling two super-deep holes on the southern outskirts of its Karratha tenements.

The holes are designed to test the many rock sequences in the Pilbara Basin from surface, reaching a depth of over 3,300 metres.

These rock sequences are not known or are interpreted or inferred to exist based on sparse data that does not explain observed surface mineralisation for diamonds, cobalt, zinc, lead and gold.

Initial interpretation shows the basement hard rock is undulating and dips north from the drill hole, with sediments filling in the topography that once would have been hills and valleys.

This means there are potential fertile sites and areas across the Fortescue Basin topography where mafic gold-rich conglomerates can form.

The first hole was terminated at 1,348.5 metres in a diorite-granodiorite, with 800 metres of core to be sent to CSIRO for analysis.

The 425,000 tonne per annum Radio Hill Treatment Plant near Karratha

 

Radio Hill restart

Artemis’ portfolio represents the first time the Radio Hill processing plant and resource in the Karratha region have been consolidated into one company.

Work towards Radio Hill’s restart is ongoing, with the first of three key approvals to install a new gold circuit received in July.

READ: Artemis Resources’ drilling continues to target potential gold-rich conglomerates in west Pilbara

Bramwell said that the planned Gekko gold circuit will provide Artemis the ability to bulk-sample gold targets within its regional holdings.

He said: “Artemis remains totally focused on bringing the Radio Hill plant back into production as soon as possible.

“[We are] ready to install the new gold circuit, subject only to receiving the final Western Australian Government approvals to do so.”

Radio Hill is a 425,000 tonne per annum sulphide capacity flotation plant and full flotation refurbishment with a gravity gold circuit is estimated to cost $5.25 million.

]]>
Fri, 10 Aug 2018 01:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202638/artemis-resources-multi-mineral-pilbara-exploration-yields-potential-for-radio-hill-processing-202638.html
<![CDATA[News - Artemis Resources continues to intersect gold, cobalt and copper in the Pilbara ]]> https://www.proactiveinvestors.com.au/companies/news/202245/artemis-resources-continues-to-intersect-gold-cobalt-and-copper-in-the-pilbara-202245.html Artemis Resources Ltd’s (ASX:ARV) drilling has intersected mineralisation from Quod Est to Carlow Castle South (over a distance of 500 metres) at its Carlow Castle Project in the Pilbara, Western Australia.

READ: Artemis Resources drills some of Australia's highest grade cobalt

Best diamond drill intersections include:
• 22 metres at 6.10 g/t gold, 0.55% cobalt and 2.35% copper from 133 metres;
• 31 metres at 1.65 g/t gold, 0.11% cobalt and 0.47% copper from 37 metres; and
• 4.5 metres at 2.34 g/t gold, 0.23% cobalt and 0.33% copper from 45 metres.

Carlow Castle is about 35 kilometres by gazetted roads from Artemis’ 100% owned Radio Hill processing plant.

Artemis chief executive officer Wayne Bramwell said: “Shallow drilling by Artemis continues to define impressive widths and grades of gold, copper and cobalt at Carlow Castle.

“Though not fully defined yet, Carlow Castle looks to be a part of a larger mineralised system that is open at depth and along strike.

“Drilling along strike and at depth could quickly add resource tonnage here.”

READ: Artemis Resources ends June quarter with $27 million cash

The main strike of mineralisation at Carlow Castle South is east-west (with current defined strike distance of this east-west trend about 1.2 kilometres).

Artemis is currently infill drilling the 1.2 kilometres east-west strike and seeks to join Quod Est, Carlow Castle South and Carlow Castle South East into one large resource – then drilling will step out to test further strike extensions.

READ: Artemis Resources’ drilling continues to target potential gold-rich conglomerates in west Pilbara

In early 2018, Artemis revealed an indicated and inferred JORC resource for Carlow Castle of 2.3 million tonnes at 1.3 g/t gold, 0.11% cobalt, 0.5% copper and 1.6 g/t gold.

The current reverse circulation and diamond drill program is aimed at increasing the resource.

]]>
Mon, 06 Aug 2018 11:29:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202245/artemis-resources-continues-to-intersect-gold-cobalt-and-copper-in-the-pilbara-202245.html
<![CDATA[News - Artemis Resources’ drilling continues to target potential gold-rich conglomerates in west Pilbara ]]> https://www.proactiveinvestors.com.au/companies/news/202157/artemis-resources-drilling-continues-to-target-potential-gold-rich-conglomerates-in-west-pilbara-202157.html Artemis Resources Ltd (ASX:ARV) is currently preparing to send the ASD-1 drill core from its west Pilbara deep hole drilling program to CSIRO for the Minalyzer integrated system analysis.

ASD-1 was terminated on July 3, 2018 at 1348.5 metres in a diorite-granodiorite.

The Minalyzer integrated system is unique, in that it provides high-resolution XRF analysis, coupled with high-resolution core photography and digital structural logging including fracture density analysis and specific gravity.

Artemis’ Initial interpretation shows the basement hard rock is undulating and dips north from the drill hole, with sediments filling in the topography that once would have been hills and valleys.

READ: Artemis Resources identifies potential gold-rich conglomerates in west Pilbara super-deep drill hole

This means there are potential fertile sites and areas across the Fortescue Basin topography where mafic gold-rich conglomerates can form.

The Minalyzer XRF work on ASD-01 will be followed by hyperspectral scanning using the HyLogger system developed by CSIRO to determine the mineralogy of the ASD-1 core using spectroscopy.

HyLogger will characterise and identify dominant mineral species from either primary or alteration mineral systems.

Hole ASD-2 was collared on July 25, 2018

The drill hole ASD-2 was collared on July 25, 2018 and is currently at 138.9 metres as at 6 am on August 3, 2018.

ASD-2 is planned to test the base of the Fortescue Group in west Pilbara.

The drill hole is expected to provide further understanding of the geology and the nature of contacts between sedimentary rocks and felsic intrusions or basement geology.

]]>
Fri, 03 Aug 2018 11:26:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202157/artemis-resources-drilling-continues-to-target-potential-gold-rich-conglomerates-in-west-pilbara-202157.html
<![CDATA[News - Artemis Resources ends June quarter with $27 million cash ]]> https://www.proactiveinvestors.com.au/companies/news/201868/artemis-resources-ends-june-quarter-with-27-million-cash-201868.html Artemis Resources Ltd (ASX:ARV) sold four million Novo Resources Corp (CVE:NVO) shares for C$20 million in the June quarter leaving it with a cash balance of $27.04 million at the end of June.

The June quarter and the period up to July 28 has been an active technical and commercially fruitful period for Artemis with advancements made across many of the company’s key assets in the Pilbara.

READ: Artemis Resources drills some of Australia's highest grade cobalt

Exploration has delivered significant results across its base and battery metal portfolio at Carlow Castle, Ruth Well, Radio Hill and Whundo.

Artemis is also working closely with the key West Australian government agencies to achieve the approvals needed to install a new Gekko gold circuit at the 100% owned Radio Hill processing facility.

This new circuit once installed and commissioned will give the Radio Hill facility the ability to treat gold ores with a high gravity recoverable component.

READ: Artemis Resources identifies potential gold-rich conglomerates in west Pilbara super-deep drill hole

Artemis’s CEO Wayne Bramwell said: “The company has a very strong cash position for the first time in many years, with cash at bank at the end of June of $27 million.

“Artemis remains totally focused on bringing the Radio Hill plant back into production as soon as possible, however we await the critical government approvals to complete the new gold circuit installation and additional plant upgrade works.

“Excellent drilling results from our Carlow Castle, Whundo, Radio Hill and Ruth Well deposits should see growth in our base metal and battery resource inventory and we are very excited about what the remainder of this year will bring as Novo increases its exploration efforts at Purdy’s Reward.”

Artemis and Novo joint venture commits to $5.4 million budget

Artemis is up to date on all Novo joint venture (JV) expenditure commitments and JV partners have agreed to a $5.4 million exploration and work program budget for the new financial year.

In the first four months of this financial year, the JV will focus on bulk sampling, diamond drilling and costeaning activities, primarily at Purdy’s Reward.

Large bulk samples will be collected and treated to provide necessary gold grade data for a mineralisation report, an important step toward converting the current exploration license to a mining lease.

]]>
Tue, 31 Jul 2018 09:43:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201868/artemis-resources-ends-june-quarter-with-27-million-cash-201868.html
<![CDATA[News - Artemis Resources drills some of Australia's highest grade cobalt ]]> https://www.proactiveinvestors.com.au/companies/news/201491/artemis-resources-drills-some-of-australia-s-highest-grade-cobalt-201491.html Artemis Resources Ltd (ASX:ARV) continues to generate strong results in its resource expansion drill program at its Carlow Castle Cobalt Gold Copper Project in the Pilbara, Western Australia.

Best results include 6.5 metres at 23.44 g/t gold, 2.32% cobalt and 10.35% copper from 47 metres.

Artemis’s CEO Wayne Bramwell said: “These latest shallow cobalt, gold and copper assays from Carlow Castle are outstanding by any measure.

“The mineralisation remains open along strike and at depth and as such the drilling program will be expanded to further test this growing resource.”

Drilling targeting a resource increase

In early 2018, Artemis revealed an Indicated and Inferred JORC resource for Carlow Castle of 2.3 million tonnes at 1.3 g/t gold, 0.11% cobalt, 0.5% copper and 1.6 g/t gold.

The current reverse circulation (RC) and diamond drill program is targeted at infill drilling to increase resource definition.

READ: Artemis Resources identifies potential gold-rich conglomerates in west Pilbara super-deep drill hole

Carlow Castle is one of Artemis’s many projects within the Karratha area of Western Australia.

Notably, Carlow Castle is about 35 kilometres by roads from the company’s 100% owned Radio Hill processing plant.

READ: Artemis Resources receives first approval for upgrade to Radio Hill gold processing plant capacity

Highlights from drilling include:

• 6.5 metres at 23.44 g/t gold, 2.32% cobalt and 10.35% copper from 47 metres;
• 4 metres at 7.92 g/t gold, 0.56% cobalt and 1.11% copper from 62 metres;
• 5 metres at 2.06 g/t gold, 0.45% cobalt and 0.73% copper from 61 metres;
• 13 metres at 4.96 g/t gold, 0.39% cobalt and 1.47% copper from 62 metres;
• 26 metres at 1.81 g/t gold, 0.13% cobalt and 0.53% copper from 39 metres including 9 metres at 2.91 g/t gold, 0.31% cobalt and 0.55% copper from 39m
• 20 metres at 1.58 g/t gold, 0.15% cobalt and 0.21% copper from 7 metres;
• 16 metres at 2.14 g/t gold, 0.15% cobalt and 0.55% copper from 32 metres;
• 10 metres at 1.78 g/t gold, 0.13% cobalt and 1.71% copper from 92 metres;
• 9 metres at 2.74 g/t gold, 0.01% cobalt and 0.71% copper from 105 metres;
• 40 metres at0.83 g/t gold, 0.06% cobalt and 0.38% copper from 47 metres including 2 metres at 3.08 g/t gold, 0.07% cobalt and 0.52% copper from 47 metres;
• 19.9 metres at 1.23 g/t gold, 0.05% cobalt and 0.74% copper from 3.1 metres; and
• 6 metres at 2.92 g/t gold, 0.04% cobalt and 0.76% copper from 59 metres.

 

]]>
Wed, 25 Jul 2018 09:43:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201491/artemis-resources-drills-some-of-australia-s-highest-grade-cobalt-201491.html
<![CDATA[News - Artemis Resources identifies potential gold-rich conglomerates in west Pilbara super-deep drill hole ]]> https://www.proactiveinvestors.com.au/companies/news/201424/artemis-resources-identifies-potential-gold-rich-conglomerates-in-west-pilbara-super-deep-drill-hole-201424.html Artemis Resources Ltd (ASX:ARV) (FRA:ATY) has further defined the geology surrounding its west Pilbara super-deep vertical target with the hole reaching a depth of 1,348.5 metres.

Initial interpretation shows the basement hard rock is undulating and dips north from the drill hole, with sediments filling in the topography that once would have been hills and valleys.

This means there are potential fertile sites and areas across the Fortescue Basin topography where mafic gold-rich conglomerates can form.

READ: Artemis Resources receives first approval for upgrade to Radio Hill gold processing plant capacity

Artemis will begin a second drill hole, ASD-2, to be drilled by DDH-1 Pty Ltd using a larger 5000 diamond core drill rig.

ASD-2 is expected to provide further understanding of the geology and the nature of contacts between sedimentary rocks and felsic intrusions or basement geology.

A drill site 3.6 kilometres to the west of the first hole has been selected and will initially test to see if the diorite-granodiorite exists in this location, and if not, drill to the basement.

The company's tenements in the Karratha area

  READ: Artemis Resources hits varied intrusive bodies in super-deep drill hole

At a depth of 595 metres, the first drill hole entered the Hardey Formation, a series of interbedded sediments and tuffs.

The lithology of the rock changed unexpectedly at a depth of 644.4 metres with an intermediate-felsic intrusive being intersected.

This change from the Hardey Formation at such a shallow depth was unexpected.

At a depth of 901.6 metres the geology changed again to narrow dolerite dykes intersecting the intermediate-felsic intrusive.

The super-deep hole is designed to test the many rock sequences in the Pilbara Basin from surface, reaching a depth of over 3,300 metres.

These rock sequences are not known or are interpreted or inferred to exist based on sparse data that does not explain observed surface mineralisation for diamonds, cobalt, zinc, lead and gold.

]]>
Tue, 24 Jul 2018 04:08:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201424/artemis-resources-identifies-potential-gold-rich-conglomerates-in-west-pilbara-super-deep-drill-hole-201424.html
<![CDATA[News - Artemis Resources receives first approval for upgrade to Radio Hill gold processing plant capacity ]]> https://www.proactiveinvestors.com.au/companies/news/200823/artemis-resources-receives-first-approval-for-upgrade-to-radio-hill-gold-processing-plant-capacity-200823.html Artemis Resources Ltd (ASX:ARV) has received the first of three key approvals for the installation of a new gold circuit at its Radio Hill processing plant in the Pilbara region of Western Australia.

Safety approval has been granted for the new circuit which will process 70-100 tonnes per hour.

The Gekko Gold Circuit will be installed into the 0.5 million tonnes a year Radio Hill concentrator at Artemis’ wholly-owned project 30 kilometres south of the mining hub of Karratha.

Approval was obtained from the state’s Department of Mines, Industry Regulation and Safety (DMIRS).

Approvals in waiting

Artemis also needs to obtain an environmental approval for its mining approval from DMIRS and a licence amendment from the Department of Water and Environmental Regulation.

READ: Artemis Resources hits varied intrusive bodies in West Pilbara super-deep drill hole

Artemis chief executive officer Wayne Bramwell said: “The installation of this new gold circuit (will provide) Artemis the ability to bulk-sample the gold targets that it has within its regional land holdings.

“Artemis is ready to install the new gold circuit, subject only to receiving the final Western Australian Government approvals to do so.”

Bramwell said the company was continuing with development work, with a view to conducting bulk-sampling and campaign-processing of shallow gold targets before starting gold operations later this year.

READ: Artemis Resources drills grades of up to 11.1​5% nickel

The $3 million upgrade will allow the company to crush 100 tonnes an hour run-of-mine into the fine ore bin then feed it into the Gekko-supplied recovery circuit.

The modular circuit will be able to take conglomerate-style gold nuggets and fine free gold as small as 20 microns.

Engineering contractor Process 26 is on-site waiting to start installation and commissioning once all three approvals are received.

]]>
Mon, 16 Jul 2018 02:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200823/artemis-resources-receives-first-approval-for-upgrade-to-radio-hill-gold-processing-plant-capacity-200823.html
<![CDATA[News - Artemis Resources hits varied intrusive bodies in west Pilbara super-deep drill hole ]]> https://www.proactiveinvestors.com.au/companies/news/200443/artemis-resources-hits-varied-intrusive-bodies-in-west-pilbara-super-deep-drill-hole-200443.html Artemis Resources Ltd (ASX:ARV) (FRA:ATY) has observed several varied intrusion lithologies as it drills towards its super-deep vertical target of over 3,300 metres at ASD-1 in the west Pilbara.

The presence of the intrusive bodies suggests potential mineralisation and the company will seek to reinterpret the area for further mineralisation as information from the hole is received.

Unexpected change in geology

At a depth of 595 metres, the drill hole was within the Hardey Formation, a series of interbedded sediments and tuffs.

The lithology of the rock changed at a depth of 644.4 metres with an intermediate-felsic intrusive being intersected.

This change from the Hardey Formation at such a shallow depth was unexpected, with alteration, bleaching and several quartz veins being observed.

At a depth of 901.6 metres the geology changed again to narrow dolerite dykes intersecting the intermediate-felsic intrusive.

READ: Artemis Resources drills grades of up to 11.15% nickel

The super-deep hole is designed to test the many rock sequences in the Pilbara Basin from surface.

These rock sequences are not known or are interpreted or inferred to exist based on sparse data that does not explain observed surface mineralisation for diamonds, cobalt, zinc, lead and gold.

Drill core from the hole is being logged and photographed at Artemis’ Radio Hill Operations 40 kilometres to the north.

It will then be sent to the Geological Survey of Western Australia’s Perth Core Library for analysis.

]]>
Tue, 10 Jul 2018 02:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200443/artemis-resources-hits-varied-intrusive-bodies-in-west-pilbara-super-deep-drill-hole-200443.html
<![CDATA[News - Artemis Resources drills grades of up to 11.15% nickel ]]> https://www.proactiveinvestors.com.au/companies/news/196389/artemis-resources-drills-grades-of-up-to-1115-nickel-196389.html Artemis Resources Ltd (ASX:ARV) has received its first assays from initial reverse circulation (RC) drilling at the Ruth Well Nickel Copper Cobalt Project in Western Australia.

Results included 13 metres at 2.14% nickel, 1.19% copper, 0.07% cobalt, 0.6 g/t gold and 0.6 g/t palladium from 55 metres including 1 metre at 11.15% nickel.

Other highlights include 21 metres at 1.11% nickel, 0.88% copper, 0.05% cobalt from 30 metres and 11 metres at 0.85% nickel, 0.55% copper and 0.05% cobalt from 40 metres.

The initial 38-hole RC program totalled 2,838 metres and has identified nickel over a potential 3.5-kilometre long strike.

Closeby to the Radio Hill treatment plant

Notably, Ruth Well is located only 12 kilometres north of Artemis’s Radio Hill nickel-copper-cobalt treatment plant which is currently being upgraded and recommissioned.

The Ruth Well drilling results to date compliment recent drilling results from the Radio Hill nickel-copper-cobalt deposit where Artemis aims to grow a base metal resource base for the Radio Hill operations.

Further drilling planned

Further drilling will take place once required government approvals have been received.

An initial single diamond drill hole for 80 metres has also been completed and is being lithogically and geotechnically logged.

]]>
Fri, 04 May 2018 09:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196389/artemis-resources-drills-grades-of-up-to-1115-nickel-196389.html
<![CDATA[News - Artemis Resources starts building cobalt-copper-gold resources ]]> https://www.proactiveinvestors.com.au/companies/news/190346/artemis-resources-starts-building-cobalt-copper-gold-resources-190346.html Artemis Resources Ltd (ASX:ARV) has started building its cobalt-copper-gold resources at the Carlow Castle project in Western Australia’s Pilbara region.

The company has received its first Carlow Castle resource from Quod Est deposit and expects the next resource from the larger Carlow Castle South deposit by the end of the month.

Quod Est contains 557,000 tonnes at 1.0 g/t gold, 0.2% cobalt and 0.5% copper.

This comprises an indicated resource of 343,100 tonnes at the same grades and an inferred resource of circa 214,000 tonnes at 0.6 g/t gold, 0.1% cobalt and 0.3% copper.

Drilling returns up to 1.94% cobalt

Recent drilling at Quod Est has returned up to 6 metres at 1.94% cobalt, 4.14 g/t gold and 1.67% copper.

The deposit remains open at depth.

Artemis aims to have Carlow Castle ready and available to provide plant feed for its Radio Hill plant from July 2018.

Carlow Castle is only 30 kilometres from the Radio Hill processing plant, which is being refurbished.

Company seeks mining leases

Work has started on converting the portion of the exploration licence covering the deposits to mining leases.

Diamond drilling is planned to allow geotechnical analysis for open pit planning purposes as well as advanced metallurgical recovery optimisation and plant operating cost planning.

This is expected to begin by the end of this month.

Further targets identified

The company’s latest geochemistry program covering 50 square kilometres has also identified a large number of new high priority cobalt-gold-copper targets ready for drilling.

Upgrade works at the Radio Hill plant are progressing well.

Artemis aims to have the planned works, including the addition of a 70-100 tonne per hour gravity gold recovery circuit, completed and fully operational by the end of June 2018.

It is also undertaking studies to increase the overall annual capacity of the plant to over 1 million tonnes.

The company is also seeking a dual listing of its securities on the most senior stock exchange available to it in Canada.

]]>
Mon, 22 Jan 2018 15:25:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190346/artemis-resources-starts-building-cobalt-copper-gold-resources-190346.html
<![CDATA[News - Artemis Resources rockets, Graphex Mining in demand, Global Petroleum - markets update ]]> https://www.proactiveinvestors.com.au/companies/news/180802/artemis-resources-rockets-graphex-mining-in-demand-global-petroleum-markets-update-180802.html The day’s pocket rocket stock was Artemis Resources Ltd (ASX:ARV), which shot up  60% following the discovery of gold nuggets up to four centimetres long in the bulk sample from the Purdy’s Reward property in the West Pilbara, Western Australia. The finds were made by partner Novo Resources Corp (CVE:NVO), a Canadian digger. Artemis, which is chaired by serial entrepreneur David Lenigas, is earning into the exciting gold play.

Partnership re-jigged

Shares in Graphex Mining Ltd (ASX:GPX) advanced 35% by midday. The reason? Well, its Chinese joint-venture partners said it remains committed to the Chilalo Graphite Project. Both sides have agreed to rejig the initial agreement a little to accommodate the Tanzanian government, which will receive a free-carried 16% interest in the asset. Reflecting this, CN Docking is investing slightly less into the deal - US$15-17 million compared with US$18-20 million originally.

Global Petroleum Ltd (ASX:GBP) was one of the market’s main casualties as the shares succumbed to a round of profit-taking following the completion of a 2D seismic survey on of its offshore Namibia licence. Initial examination of the raw data confirmed the significant potential of the Gemsbok prospect in the south-east of the block. The shares, off around 20% on Thursday, have advanced 60% in the year to date.

Market update

The ASX 200 continued to make headway, and was up 52.3 points to 5,725.9 at midday. The Small Ordinaries index advanced 14.5 points to 2,362.3.

Among the large-caps, Whitehaven Coal Ltd (ASX:WHC) was held firm after a production update that undershot market expectations – though only slightly.

]]>
Wed, 12 Jul 2017 22:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/180802/artemis-resources-rockets-graphex-mining-in-demand-global-petroleum-markets-update-180802.html
<![CDATA[News - Artemis Resources begins gold operations at Nickol River project ]]> https://www.proactiveinvestors.com.au/companies/news/178844/artemis-resources-begins-gold-operations-at-nickol-river-project-178844.html Artemis Resources (ASX:ARV) has successfully commissioned the wet gravity separation plant at its Nickol River Gold Project east of Karratha in Western Australia.

The first ore processing commenced on 27 May 2017, with 7,869 tonnes of ore having now been treated.

A total of 1,994.6 grams of gold (64.12 ounces) have been recovered up to 4 June 2017 at an average grade of 0.25 g/t gold.

The mining operations and the operation of the plant are still in the “development phase” and Artemis is now in the process of progressing towards the commencement of full mining operations.

Full mining operations are expected to commence in the next few weeks following the receipt of final approvals from regulatory bodies.

Artemis plans to gradually increase plant tonnage rates from 990 tonnes per day achieved during the commissioning phase to around 1,800-2,000 tonnes per day over the next month.

During the last 8 weeks since the plant’s arrival on site, a total of 25,543 tonnes of material has been processed from old mine stockpiles.

A total of 2,875 grams (92.43 ounces) of gold has now been physically recovered from pre-commissioning and commissioning material, with an estimated purity of between 95 to 97% gold.

Artemis also owns the fully permitted 425,000 tonnes per annum Radio Hill nickel and copper operations, processing plant and associated tenements in the Pilbara Region of Western Australia.

]]>
Wed, 07 Jun 2017 09:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/178844/artemis-resources-begins-gold-operations-at-nickol-river-project-178844.html
<![CDATA[News - Artemis Resources acquires Radio Hill nickel, copper operations ]]> https://www.proactiveinvestors.com.au/companies/news/177032/artemis-resources-acquires-radio-hill-nickel-copper-operations-177032.html Artemis Resources (ASX:ARV) has completed the acquisition of the Radio Hill nickel and copper operations, processing plant and tenements in the Pilbara Region of Western Australia.

The acquisition includes 495 square kilometres of tenement package with significant JORC compliant nickel, copper, cobalt, zinc and iron ore deposits.

The transaction is part of Artemis’ strategy of creating a “Hub and Spoke” operation for the first time in the Karratha area with the aim of creating a multi-metal production company.

Artemis issued 28 million shares to Fox Resources (ASX:FXR) as consideration for the acquisition, and assumed liabilities of about $920,000.

Artemis is aiming to unlock the growing cobalt, copper, nickel, zinc, gold, palladium, platinum and iron ore potential of the region.

Significantly, the company has an agreement with Blackrock Metals to sell an initial 50,000 tonnes of existing copper oxide ore from the Whundo Mine, one of the Fox Radio Hill assets.

The Whundo copper oxide ore sale will generate about $100,000 per month to Artemis.

Furthermore, significant tonnages of waste rock stockpiles at Radio Hill could prove valuable as quarry material for the new road and infrastructure works planned for the region over the coming years.

To fund the acquisition, Artemis has entered into a US$2 million ($2.66 million) funding agreement via the issue of convertible securities.

]]>
Fri, 28 Apr 2017 14:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177032/artemis-resources-acquires-radio-hill-nickel-copper-operations-177032.html
<![CDATA[News - Artemis Resources reveals cobalt potential at Carlow Castle ]]> https://www.proactiveinvestors.com.au/companies/news/173034/artemis-resources-reveals-cobalt-potential-at-carlow-castle-173034.html Artemis Resources (ASX:ARV) has identified significant cobalt mineralisation from a review of its Carlow Castle Project in the Pilbara Region of Western Australia.

The cobalt mineralisation at Carlow Castle has been previously ignored as companies focused on the gold and/or copper mineralisation as single commodities.

The review by Artemis shows that an integrated approach to mineralisation and an expansion of exploration is required to better define the Carlow Castle Project.

The work to date highlights a potentially material asset that has remained under explored.

The project has previously been the focus of gold and copper mining with production between 1880 and 1910.

In recent times, drilling has identified a JORC 2012 resource of 418,000 tonnes at 3.0 g/t gold and 0.6% copper, for total contained metal of 40,000 ounces of gold and 2,500 tonnes of copper.
 
The current gold-copper resource also contains cobalt mineralisation, which has not been included in the resource estimation.

Significantly, recent drilling at the project area has intercepted 4 metres at 33.6 g/t gold and 1.12% cobalt from 36 metres downhole.

In December 2016, Artemis signed an agreement with Fox Resources (ASX:FXR) to buy the fully permitted 425,000 tonnes per annum Radio Hill nickel and copper tenements and processing plant. 

The Radio Hill plant is located 35 kilometres south of Karratha in the Pilbara Region of Western Australia.

Furthermore, Artemis is aiming to commence trial gold production at its Nickol River project in Q2 2017.

The project is located 12 km from Karratha in Western Australia and includes a 150 tonne per hour gravity plant with a capacity of 3,000 tonnes per day.

]]>
Mon, 13 Feb 2017 16:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/173034/artemis-resources-reveals-cobalt-potential-at-carlow-castle-173034.html
<![CDATA[News - Artemis Resources eyes trial gold production from Nickol River ]]> https://www.proactiveinvestors.com.au/companies/news/171123/artemis-resources-eyes-trial-gold-production-from-nickol-river-171123.html The company is aiming to install and commission a modern 150 tonnes per hour gravity gold plant.

Artemis has identified significant areas at Nickol River at depths of between 2 to 6 metres that would potentially be amenable to bulk scale mining and processing.

A program of works has been submitted to the Western Australian Department of Mines and Petroleum for an extensive trenching and pitting program.

This will be used for detailed grade control prior to commencement of mining/processing operations and will provide grade and tonnage scheduling for the processing plant.

Artemis has around 1,500 hectares of approved and pending licences in the Nickol River area.

Nickol River has a long history of gold production from small scale hard rock operations and alluvial gold mining in the mid 1980’s.

Auger sampling work completed by Artemis in 2012 identified broad gold anomalies, with a maximum assay result of 6.9 g/t gold.

Rock chip sampling also returned anomalous gold, with results of up to 14.8 g/t gold from the Samantha Lode.

Artemis’ planned program of works is designed to convert the historic work to JORC standard.

]]>
Wed, 04 Jan 2017 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/171123/artemis-resources-eyes-trial-gold-production-from-nickol-river-171123.html