Artemis Resources (ASX: ARV) is exploring for gold, cobalt, platinum and other deposits across 1400km2 in the Pilbara – and we now own the fully-permitted Radio Hill processing plant.
Artemis Resources holds over 1400km2 of tenements and the only available processing plant in the Pilbara. This is our hub-and-spoke model. Our deposits are within 40km of the Radio Hill processing plant. This includes one of Australia’s most exciting cobalt discoveries at Carlow Castle, diamonds at the Blacktop tenements as discovered by DeBeers, copper and zinc at Whundo, a possible world-class gold deposit at Purdy’s Reward, Mt OscarWits, Silica Hills and Weerianna and Australia’s largest platinum resource at Munni Munni. As we have exponentially grown in the last two years, we have partnered and created joint ventures and partnerships to develop our prospects, such as with Novo Resources, Platina Resources, Blackrock Minerals and Northern Star Resources
The Pilbara is blessed with both iron ore and oil and gas resources. We believe that the Pilbara has a third mega-resource: gold. This could be Karratha 3.0 – first there was iron ore, then natural gas and now gold. We base this theory on the Witwatersrand Basin style conglomerate gold, a famous gold bearing area in South Africa which has produced 1.6 billion ounces – or one third of the world’s gold. We’ve discovered similar gold-bearing conglomerates south of Karratha. Both the Witwatersrand and Hamersley Basin were deposited approximately 3 billion years ago and together with our joint-venture partners Novo Resources we are assessing our Purdy’s Reward tenement to prove a JORC-compliant resource.
In early 2017, we acquired the Fox Radio Hill processing plant and their tenements. We drilled at Carlow Castle and struck over 1% cobalt. In mid-2017 we bought the Mt OscarWits tenement which contains 14km of new gold bearing conglomerates. Then we entered into a joint-venture agreement with Novo Resources for gold exploration, which included us gaining 4,000,000 shares in Novo Resources (TSX: NVO). Recently our market capitalisation cracked the $100 million mark. At the end of August we presented alongside Rio Tinto and Woodside at the 2017 Pilbara Economic Development Conference. It’s been a busy year, and we’re not done yet.