PROJECTS

Carlow Project - One of Australia's most exciting gold-copper-cobalt discoveries

Overview

Artemis Resource 100% owned Gold Copper, and Cobalt mineral resource is situated in the premier mining jurisdiction of Western Australia’s West Pilbara, 25km from the regional city of Karratha. With well serviced infrastructure at its doorstep including power, roads and port access, the Carlow deposit is one of Australia’s best serviced undeveloped polymetallic gold deposits with significant resource upside potential.

  • Lulu Creek (based on ASX announcements dated 24 Aug 2023, 23 Aug 2023, 3 July 2023 and 18 May 2023)
  • Exploration target of 2.5Mt to 5.0Mt @ 2.5g/t Au Eq to 3.1g/t AuEq (based on ASX announcement dated 9 May 2023)
  • Project Highlights

8.74 Mt at 2.5 g/t Au Eq1
for 704K oz Au Eq1

Mineral Resource Estimate

374,000 oz Gold
64,000T Copper
8,000T Cobalt

Contained Metal

Geology & Mineralisation

The Carlow deposit is on granted exploration licence E47/1797 and is only ~35km from Artemis resources 100% owned Radio Hill Processing Plant (Figure 1).

The Carlow deposit is hosted within the mafic rocks of the Roebourne complex along the highly prospective regal Thrust. The Carlow Main and Quod Est loads are hosted within structurally controlled mineralised zones occurring at right-angles to each other. The recently defined Crosscut deposit is located approximately 200 m north of Carlow Main and strikes north-south, sub-parallel to Quod Est (Figure 2). Mineralisation is hosted within chloritic shear zones in basalts and is focussed along contacts between the host basalt and footwall and hangingwall gabbro units.

At Carlow Main, mineralisation dips steeply north at the western end, while at the eastern end the mineralisation dips steeply south. The Carlow Main deposit strikes over 1.2 km and is partially oxidised from depths of 40 m to as much as 100 m in the east. Mineralisation trends are complex, with gold, copper and cobalt occurring across multiple lithologies. Some structural control on mineralisation is likely, with high-grade trends identified within Carlow Main. The Quod Est and Crosscut mineralisation is hosted by north-south chloritic shear zones, and is partially oxidised above 25m.

Figure 1: Carlow Project License E47/1797
Figure 2: Oblique view of Carlow showing Carloe Main, Quod Est and Crosscut.
Figure 3: Oblique view of Carlow resource showing potential continuations of known mineralisation zones.
Figure 4: Long Section (looking north) model showing key domains and potential continuation of known mineralised zones
Figure 5: Example of Copper mineralisation from diamond drill hole 18CCAD001 (95-95.5m) Carlow Main Trend

1 Gold equivalent equations for the oxide, transition and fresh domains as derived for October 2022 Resource Estimate:
Oxide Au Eq. = Au(g/t) + Cu(%) x 0.86 + Co(%) x 2.31
Transitional Au Eq. = Au(g/t) + Cu(%) x 0.81 + Co(%) x 2.17
Fresh Au Eq. = Au(g/t) + Cu(%) x 1.31 + Co(%) x 3.96

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