Projects Overview

Artemis focus is on the acquisition, exploration and development of significant prospects for gold, base metals, platinum and iron ore sectors.

West Pilbara – Gold/ Base Metals/Iron Ore

In June 2012 Artemis acquired Karratha Metals Limited a company with interests in a strategic package of 41 tenements in the West Pilbara region Western Australia. This package included the West Pilbara assets of Legend Mining Limited.

The portfolio which covers over 700 km2 is prospective for gold, base metals (including copper zinc, cobalt and nickel) and iron mineralisation, and is in close proximity to Karratha, the economic hub of the West Pilbara.

Artemis has commenced work to identify priority targets on this West Pilbara ground which hosts various under explored gold, iron and other base metal assets including gold/copper mineralisation in the Carlow Castle area.

In June 2014 Artemis acquired 80% of Western Metals Pty Limited which holds the Weerianna gold prospect. This prospect contains a 70,000 oz gold (Au) Inferred Mineral JORC Resource. This acquisition has significant upside potential for Artemis given its proximity to Carlow Castle which has a 40,000 oz gold resource (pre JORC).

 

Munni Munni – Platinum and Platinum Group Elements

In August 2015 Artemis entered into an agreement with Platina Resources Limited to earn a 70% interest in the Munni Munni Platinum Group Elements Project (the “Munni Munni Project”).

The Munni Munni Project hosts the largest intrusion in the West Pilbara and hosts a JORC 2004 compliant Resource of 24 Mt @ 2.9 g/t Platinum Group Element (PGE) + gold (1.4Mt Inferred, 9.8Mt indicated and 12.4Mt Measured) (0.83Moz platinum. 1.14Moz palladium, 152Koz gold and 76Koz rhodium). Munni Munni is the largest as yet un-mined primary PGE Resource in Australia.

The Project is contiguous to Artemis tenements on all sides and continues the Company’s vision to consolidate a previously fragmented tenement holding region.

 

Eastern Hills – Antimony

Eastern Hills was discovered by Taipan Resources NL in 1996-97 and is less than 1 km SE of the Mt Clement gold project. Substantial commodity price increases over recent years (antimony price is up 500% since the 1997 discovery of Eastern Hills) have led to a re-evaluation of this prospect’s potential.

Artemis’ 2013 drilling programme focused on the Taipan Zone and resulted in a maiden indicated and inferred mineral resource estimated in accordance with JORC 2012 guidelines of 1.3Mt at 1.7% Sb and 2.5% Pb (22,400t contained Sb)1 using a 1.0% Sb cutoff grade.

Rock chip sampling identified three other zones – Dugite, Gwardar and Tiger zones which have yet to be fully explored.

 

Mt Clement – Gold 

Artemis Resources 100% of E08/1841. Artemis Resources 80% Northern Star Resources Limited (NST) 20% – for tenements M08/191, M08/192 & M08/193 and E08/1606 – for which NST is free carried (gold only) to bankable feasibility.

The Mt Clement Project comprises three granted Mining Leases (valid until 2020) and two granted Exploration Licences that cover a total area of 14.55kmin the Ashburton area of Western Australia. The project lies roughly 30km southeast of the operating Paulsen’s Gold Mine owned by Northern Star Resources Limited.

The project has an Inferred Resource of 1,131,600 tonnes at 1.77g/t Au and 17.0g/t Ag containing almost 64,400 ounces of gold and 620,000 ounces of silver, for a total of 80,000 ounces gold equivalent at current commodity prices. Potential exists to increase the resource with further drilling.

 

 

 

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