We need somewhere to process all of our deposits – so we strategically bought the only processing plant in the region. Welcome to the rebirth of Radio Hill.
The centroid of the ‘hub and spoke’ model is the 0.5 Mtpa Radio Hill Processing Plant. It might be hard to believe, but this is the first time a processing plant and base, battery and precious metal resources near Karratha have been consolidated into one company. Artemis identified many different projects – gold, cobalt, copper, platinum – and we knew that to make this all work we’d need a processing plant – so we simply bought the only processing plant in the region. This significantly reduces the capital and lead time to start a mine as now have a refurbished and enhanced plant, tailings dams, key approvals and licences and electricity at our door.
The focus on Radio Hill is clearly on the processing plant, but the plant used to be part of a nickel/copper mine – we now have these resources as well:
|M47/161,M47/337||4,020,000 t||Nickel = 0.51%||20,646 t|
|Copper = 0.88%||35,484 t|