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REG - Artemis Resources Ld - Completion of Osborne Nickel Heritage Survey

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RNS Number : 1899L  Artemis Resources Limited  12 May 2022

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
(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

 WH Ireland Limited

(Nominated Adviser and Broker)
 Jessica Cave / Megan Liddell (Corporate Finance)       Tel: +44 20 7220 1666

 Harry Ansell / Daniel Bristowe (Corporate Broking)     Tel: +44 20 7220 1648

 Camarco (Public Relations)                             Tel: +44 20 3781 9244
 Gordon Poole / James Crothers                          Email: artemis@camarco.co.uk (mailto:artemis@camarco.co.uk)

 Emily Hall / Rebecca Waterworth

 

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.

 

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