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.
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.