RCS - Artemis Resources Ld - Proposed Director Appointment

Artemis ResourcesAnnouncement

05/12/2024 09:15

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RNS Number : 9610O  Artemis Resources Limited  05 December 2024

RNS Reach

JULIAN HANNA TO BE APPOINTED TECHNICAL DIRECTOR

EXPLORATION STRATEGY ADVANCES, DRILLING TO COMMENCE EARLY 2025

_______________________________________________________________________________

 

HIGHLIGHTS

·    Highly experienced geologist and gold, copper and nickel industry
executive, Mr. Hanna to be appointed Technical Director of Artemis, subject to
LSE AIM market procedures.

 

·    Mr Hanna led Western Areas Ltd (ASX:WSA) from a start-up to become a
high margin, underground  nickel miner and concentrate producer for 12 years
until 2012. Western Areas was subsequently acquired by IGO (ASX:IGO) in June
2022 for ~$1.0b.

 

·    In 2013 Mr Hanna joined junior explorer MOD Resources Ltd as Managing
Director and went on to oversee consolidation of a 300km long holding in the
Kalahari Copper Belt in Botswana and the discovery of two substantial open pit
copper deposits. Sandfire Resources Limited (ASX:SFR) acquired MOD in late
2019 for $167 million.

 

·    Mr Hanna has been involved in a technical consulting role with
Artemis to assist the development of the Pilbara gold exploration strategy
which will culminate in a number of high quality targets planned to be drilled
starting early 2025.

 

 

Artemis Resources Limited (ASX/AIM: ARV) ('Artemis' or 'the Company') is
pleased to announce a significant step in its strategic business evolution
with the intention to appoint of Mr. Julian Hanna, a highly experienced and
accomplished mining industry executive as the Company's Technical Director
elect, subject to required AIM Market procedures.

Guy Robertson, Chairman of Artemis, commented:

"We look forward to welcoming Julian to the Board and expect he will add
significant value to the Company through his experience in discovering and
developing tier one mineral deposits.

Julian will join the Board at an exciting time as we focus on discovering new
gold deposits, located near Artemis' existing 374,000 oz gold resource at the
Karratha Gold Project. Artemis is fortunate in having a person of Julian's
experience to assist the exploration team in identifying exploration targets
and progressing them towards possible mine development."

Julian Hanna, Technical Director, commented:

"Artemis has potential for further gold discoveries on its extensive holdings
in what is shaping up to be a rapidly emerging gold province in the north
Pilbara region. Having reviewed the project, I consider the Artemis tenements
are highly prospective for future gold discoveries, notably along a wide
structural corridor which has had minimal previous drilling. The Karratha gold
project also holds a number of advantages including proximity to first class
infrastructure in Karratha and a very experienced exploration team in Perth
and on site."

Finalisation of the appointment of Mr Hanna as a director is subject to formal
AIM background checks. An announcement will be made once these have been
completed and the formal appointment can be made.

Since joining Artemis as Senior Technical Advisor, Mr Hanna has also been
instrumental in assisting with the development of the exploration strategy for
2025.

Figure 1. Artemis tenements in the Pilbara region of Western Australia

A number of high priority targets have been identified within the Carlow
tenement which are planned to be drilled starting in early 2025.  These
include the Marillion EM anomaly,  which is interpreted to be a large,
strongly conductive body offset by a fault from the eastern end of the Carlow
gold resource and the Titan prospect where high grade rock chip samples from
outcropping veins  peaking above 10,000 g/t Au have been reported previously.

The Carlow deposit is also high on the list of priorities for drilling to test
the potential for significant high-grade gold and copper extensions at
depth.  The Thorpe, Chapman, Europa and Carlow North prospects, located
within 3km of the Carlow deposit, are also prospective for gold mineralisation
and are planned to be drilled during 2025. Drilling at Carlow and Marillion
has already been cleared and will progress rapidly in early 2025.

In addition to the 100% owned Carlow tenement which hosts the existing mineral
resource at Carlow and other advanced gold targets included in this release,
Artemis holds 100% of the Silica Hills tenement and 100% of the gold rights
over the Osborne tenement (refer Figure 1).  Osborne is subject to a joint
venture with Greentech Metals ASX:GRE, for lithium.

Figure 2. Carlow tenement with current known prospects and planned drill
targets

The north Pilbara region which extends >250km from west to east contains a
host of commodities and two world class deposits. These deposits are the
Andover Lithium Project, located ~12km east of Carlow, and the Hemi Gold
Project located ~150km east of Carlow.  Andover was owned by Azure Minerals -
previously ASX:AZS (acquired by SQM and Hancock Prospecting) and Hemi is owned
by De Grey Mining ( subject to a ~$5b takeover by Northern Star Resources -
ASX:NST, see NST announcement dated 2 December 2024 'Northern Star Agrees to
Acquire De Grey'.

This ASX announcement has been approved for release by the Board of Artemis
Resources.

ENDS

For Further Information:

 Mr Guy Robertson                                                     David Tasker

 Executive Chairman                                                   Media & Investor Relations

 Artemis Resources Limited                                            Chapter One Advisors

 +61 8 6261 5463                                                      +61 433 112 936

                                                                    dtasker@chapteroneadvisors.com.au
 Info@artemisresources.com

 

Competent Person Statement

The information in this report that relates to Exploration Results was
prepared/compiled by Mr Adrian Hell BSc (Hons), a Competent Person who is a
member of the Australasian Institute of Mining and Metallurgy (MAusIMM). Mr
Hell is a technical consultant to Artemis Resources Ltd. Mr Hell has
sufficient experience that is relevant to the style of mineralisation and type
of deposit under consideration and to the activity being undertaken to qualify
as a Competent Person as defined in the 2012 Edition of the 'Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr
Hell consents to the inclusion in this report of the matters based on his
information in the form and context in which it appears.

No New Information

To the extent that this announcement contains references to prior exploration
results and Mineral Resource Estimates for the Carlow Gold/Copper Project
which have been cross referenced to previous market announcements made by the
Company, unless explicitly stated, no new information is contained. The
Company confirms that it is not aware of any new information or data that
materially affects the information included in the relevant market
announcements and, in the case of estimates of Mineral Resources, that all
material assumptions and technical parameters underpinning the estimates in
the relevant market announcements continue to apply and have not materially
changed.

 

ASX announcements referred to in this release;

Artemis Resources, ASX Announcement, High-Grade Gold Copper Cobalt Inferred
Mineral Resources Lays Foundation for a Robust Greater Carlow Project, 13
October 2022

Artemis Resources, ASX Announcement, Greater Carlow Regional growth Plan High
Priority Exploration Targets, 14 November 2022

Artemis Resources, ASX Announcement, Greater Carlow Exploration Update and
JORC Exploration Target for the Carlow Castle Deposit, 9 May 2023

Azure Minerals, ASX Announcement, Azure Announces Exploration Target 100-240mt
@ 1-1.5% Li(2)O, 7 August 2023

Azure Minerals, ASX Announcement, Azure enters joint bid transaction
implementation deed with SQM and Hancock, 19 December 2023.

Artemis Resources, ASX Announcement, High grade rock chip gold assays, 12 June
2024

Artemis Resources, ASX Announcement, High grade gold vein discovery at Titan
prospect, 16 August 2024

Artemis Resources, ASX Announcement, High grade gold vein discovery at Titan
prospect amended, 16 August 2024

Artemis Resources, ASX Announcement, Titan prospect results - clarification
statement, 17 September 2024

Artemis Resources, ASX Announcement, Titan delivers further high-grade rock
chip results, 10 October 2024

Northern Star Resources, ASX Announcement, Northern Star agrees to acquire De
Grey, 2 December 2024

 

About Artemis Resources

 

 

Artemis Resources (ASX/AIM:ARV) is a gold, copper and lithium focused
resources company with projects in the north Pilbara region of Western
Australia. The Company's main projects include;

·     Karratha Gold Project including the Carlow Castle gold/copper
project

·     Karratha Lithium Project including the high-grade Mt Marie Lithium
Prospect and the Osborne Lithium JV (Artemis 49%; GreenTech Metals (ASX:GRE
51%)

·     Paterson Central Gold/Copper project in the Paterson Province
(adjacent to Greatland Gold's gold-copper discovery at Havieron and only ~42km
from the Telfer gold mine)

·     Artemis also owns the Radio Hill processing plant, located 35km
from Karratha

 

 

Artemis is focused on discovering multiple gold prospects within its +200km(2)
tenement package that can build upon the initial Mineral Resource at Carlow.
The majority of the tenement package has been lightly explored and is now the
subject of methodical exploration programs with a view to identifying and
testing gold targets associated with outcropping mineralized veins and
alteration halos, interpreted EM anomalies, prospective geological structures
and faults.

 

The Company will also continue to progress the Karratha Lithium project
including the high-grade Mt Marie prospect and will look to advance this
exciting project through further field work which will lead to drilling the
most advanced targets in due course

 

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