The recent gravity and airborne magnetic surveying have identified 11 new targets (8 magnetic and 3 gravity), which have been ranked in priority for follow-up exploration.
Priority 1 targets are Kazon, Ferengi, Bolian and Kzintil and priority 2 targets are Arcadian, Edosian, Ocampo and Vidiian.
Artemis’s executive director Ed Mead said: “The Artemis Board sees the Paterson Ranges as highly prospective and the Armada Prospect as a high value but green fields target.
“Artemis has defined 11 targets worthy of follow up and given a suitable partner, there is an exploration pathway forward, that includes further geophysics, geochemistry and drilling that could create significant value for Artemis shareholders.”
Follow-up exploration may include further ground surveying and drilling.