Artemis earned a 70% interest in the now 70:30 joint venture by spending $750,000.
Munni Munni is located in the Pilbara region of Western Australia and is 20 kilometres from Artemis’s 100% owned Radio Hill processing facility.
Although the project hosts one of Australia’s most significant platinum group metal (PGM) occurrences, Artemis has now identified potential gold opportunities.
The joint venture geologists will review all the recent exploration work and data to determine a gold focussed work program.
The program would test the structural setting for possible conglomerate or paleo-placer gold targets.