For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220512:nRSL1899La&default-theme=true
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END MSCFFFVIEVILLIF