RE: ARV just tipped as next GGP11 Nov 2025 11:10
For anyone looking in for first time:
Some of what Zeus have said:
"Artemis has a portfolio of assets in a ‘tier one’ jurisdiction with low-risk commodities. We believe that the Carlow resource has multiple routes to potential commercialisation, with this potential currently under investigation. The earlier stage projects are in close proximity to major recent discoveries that became subject to multi-billion-dollar deals – an indication of what the Artemis projects could be worth. We see Artemis as undervalued compared with its peers and we set fair value at 1.8p per share, a 6-times uplift from the current price. We recognise further
inevitable upside given exploration success – e.g. a 1Moz resource at Carlow would lift our valuation to 2.4p"
"The recently staked Cassowary project is an exciting addition to the portfolio. Cassowary is in a structural setting recognised as being prospective for potentially large and high-grade iron oxide copper gold (IOCG) deposits, and regional geophysical anomalies that have been identified are consistent with this hypothesis. Others have been drawn to the emerging region including Teck Resources (TSX:TECK) and WA1 Resources (ASX:WA1) which adds to the sense of potential – a significant discovery by any of the explorers in the region would be value accretive to Artemis in our opinion"
"The recognition of the Cassowary project’s potential in an underexplored setting reflects the diligence of Artemis’s technical team and its commitment to pursuing new opportunities. Artemis has a track record of identifying geological potential at an early stage, as demonstrated by its securing of the Patterson Central tenements that surrounds the Havieron deposit on three sides (AIM:GGP – 8.4Moz gold equivalent). Note, Havieron is also considered to be an IOCG-type deposit. These deposit types are enigmatic but tend to be close to large (crustal-scale) structures as is the case of the identified structures in the Cassowary area"
"Carlow resource, a quality asset with optionality – The Carlow resource (containing 374koz of gold and 64kt copper) is a significant asset for a junior explorer and it underpins Zeus’ valuation. Mineralised structures modelled in the resource remain open in multiple directions and several high-grade satellite targets provide avenues for further potential resource growth. It is our contention that, subject to preliminary economic and engineering studies, if the Carlow resource is grown to 1Moz AuEq it could support a compelling case for the development of standalone operation. Another option being considered is a mine selling copper-gold ore to a regional processing hub, like the one proposed by ANAX Metals. If developed the regional processing hub would considerably reduce the initial capital requirements required for developing a standalone operation at Carlow. The third option being investigated by Artemis is a small-scale low-cost open-pit oxide operation, a pos