Last checked at 12 May 2022 07:00
12 May 2022
Artemis Resources Limited
("Artemis" or the "Company")
Completion of Osborne Nickel Heritage Survey
Artemis Resources Limited (ASX / AIM:ARV, Frankfurt: ATY, US OTCQB: ARTTF) is pleased to provide an update on the Osborne Nickel prospect, which is subject to a farm-in joint venture with GreenTech Metals Ltd (ASX: GRE), ("GreenTech").
Greentech has received approval for the program of works ("PoW") at Osborne, and a Heritage Clearance Survey has been completed. GreenTech has planned up to 6 drill holes (~1,000 metres) for the RC drilling program at Osborne to test the target. This program is anticipated to commence in June following receipt of the heritage clearance report.
About the Osborne Nickel JV (Artemis 100%, GreenTech earning up to 51%)
The Osborne Nickel prospect, which is located 5km northeast of the Sholl B1 nickel-copper deposit, is a discrete VTEM anomaly that coincides with the contact between mafic and ultramafic intrusions of the Andover Intrusive Complex (Figure 1). The target is modelled as dipping 30 - 45 deg to the north with the top of the target at a depth of around 155 -175m.
http://www.rns-pdf.londonstockexchange.com/rns/1899L_1-2022-5-11.pdf
Greentech was granted the sole and exclusive right to carry out exploration on the Osborne Nickel Project (100% owned by Artemis) and will earn a percentage interest in the tenements as follows (all by 14 Oct 2024):
• 25% joint venture interest if it expends not less than $100,000
• a further 26% joint venture interest if it expends not less than $200,000
This announcement was approved for release by the Board.
For further information on the Company, please visit www.artemisresources.com.au or contact:
Artemis Resources Limited | via Camarco |
Alastair Clayton |
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WH Ireland Limited(Nominated Adviser and Broker) | |
Jessica Cave / Megan Liddell (Corporate Finance) Harry Ansell / Daniel Bristowe (Corporate Broking) | Tel: +44 20 7220 1666 Tel: +44 20 7220 1648 |
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Camarco (Public Relations) | Tel: +44 20 3781 9244 |
Gordon Poole / James Crothers Emily Hall / Rebecca Waterworth | Email: artemis@camarco.co.uk |
About Artemis Resources
Artemis Resources (ASX: ARV; AIM: ARV, FRA: ATY; US: ARTTF) is an Australian-based exploration and development company, led by an experienced team that has a singular focus on delivering shareholder value from its Pilbara gold projects - the Greater Carlow Gold Project in the West Pilbara and the Paterson Central exploration project in the East Pilbara.
About GreenTech
GreenTech is an exploration and development company primarily established to discover, develop, and acquire Australian and overseas projects containing minerals and metals that are used in the battery storage and electric vehicle sectors. GreenTech's founding projects are focused on the underexplored nickel, copper and cobalt in the West Pilbara and Fraser Range Provinces.
The green energy transition that is currently underway will require a substantial increase in the supply of these minerals and metals for the electrification of the global vehicle fleet and for the massive investment in the electrical grid, renewable energy infrastructure and storage.
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.