Artemis has been aggressively exploring for base, battery and precious metal deposits across the West Pilbara. We now have a small footprint in the East Pilbara with the Armada Au Project near Telfer.
Artemis Resources holds over 2,600km2 of tenements across the Pilbara and has the only available base metal and gold processing plant in the heart of conglomerate gold country. Radio Hill is the centre of our hub-and-spoke mode with multiple base metal, battery and gold deposits within a 40km radius.
This includes one of Australia’s most exciting cobalt discoveries at Carlow Castle, copper, zinc and cobalt at Whundo and the Radio Hill Ni-Cu-Co target at Radio Hill. With respect to conglomerate gold, Artemis has derisked its development strategy at Purdy’s Reward via joint venturing with Novo Resources. Artemis also holds the shear-hosted Mt OscarWits, Silica Hills and Weerianna Au projects. Many of these targets have exponentially grown in the last two years and we continue to seek strategic JVs with partners such as with Novo Resources, Platina Resources, Blackrock Minerals and Northern Star Resources.
The Pilbara is reknown for iron ore, salt and LNG. The next stage of the Pilbara's development will be battery, base metals and gold. We’ve discovered 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.