REG - Artemis Resources Ld - Artemis and West Coast Silver Sign Understanding

Artemis ResourcesAnnouncement

04/12/2025 07:00

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RNS Number : 1592K  Artemis Resources Limited  04 December 2025

 

4 December 2025

 

Artemis Resources Limited

 

("Artemis" or "The Company")

 

Artemis and West Coast Silver Sign Joint Memorandum of Understanding on Radio
Hill

 

HIGHLIGHTS

·    West Coast Silver (ASX: WCE) and Artemis Resources (ASX: ARV) have
jointly executed a non-binding Memorandum of Understanding to collaboratively
assess processing options for the Elizabeth Hill Silver Mine.

·    The evaluation will focus on the suitability of the Radio Hill
Processing Plant to potentially treat material from West Coast Silver's
Elizabeth Hill Silver Mine.

·    Both parties will exchange relevant technical, metallurgical,
logistical, and engineering information. Site visits and joint technical
assessments will be undertaken where required.

·    Any future toll treatment or commercial arrangement remains subject
to a separate definitive agreement following a positive technical and
commercial assessment.

 

Artemis Resources Limited (ASX/AIM: ARV) (Artemis or the Company) is pleased
to announce that it has entered into a non-binding Memorandum of Understanding
(MOU) with West Coast Silver Limited (ASX: WCE) (West Coast) to evaluate the
potential for Artemis' Radio Hill Processing Plant, located near Karratha, to
process material sourced from West Co ast's Elizabeth Hill Silver Mine in the
Pilbara.

Under the terms of the MOU, West Coast and Artemis will work together in good
faith to determine whether the Radio Hill Processing Plant could feasibly and
economically process ore or material originating from the Elizabeth Hill
Silver Mine. This cooperation includes the exchange of technical data,
metallurgical samples, plant configuration details, and logistical information
relating to transport and handling.

Artemis Resources Executive Director, Jozsef Patarica commented:

"Radio Hill has historically demonstrated versatility across multiple ore
types. This cooperation allows us to assess future processing opportunities
while supporting potential development of a high-grade silver project in our
region."

West Coast Silver Executive Chairman, Bruce Garlick commented:

"Elizabeth Hill is one of Australia's historically highest-grade silver
deposits. The opportunity to assess Radio Hill as a potential processing
solution aligns with our strategy to fast-track development while maintaining
capital discipline."

 

Confidentiality & Costs

The MOU is non-binding and does not create any commercial obligations,
partnership or joint venture between the parties. Any formal processing
agreement, including toll treatment arrangements, will only proceed subject to
the completion of a favourable technical and commercial assessment and
subsequent negotiation of a definitive binding agreement. There are no
financial obligations on either party until the parties agree to proceed to a
binding agreement.

Both companies have agreed to maintain the confidentiality of exchanged
information, subject to obligations under the Corporations Act 2001 (Cth) and
the ASX Listing Rules. Each party will bear its own costs associated with the
preparation and implementation of the MOU.

Next Steps

Technical teams from both companies will now commence data sharing, review of
plant capabilities and assessment planning. West Coast and Artemis will
provide further updates as material progress is made.

Key Terms of the Agreement

 1. Parties:                                  West Coast Silver Limited (ASX: WCE)

                                              Artemis Resources Limited (ASX: ARV)
 2. Background                               Artemis owns the Radio Hill Processing Plant near Karratha, WA.

West Coast Silver owns the Elizabeth Hill Silver Mine in the Pilbara.

Both parties wish to assess processing compatibility on a good-faith,
                                             non-binding basis.
 3. Scope of Cooperation - Activities        Exchange technical, metallurgical, logistical, and engineering information.

Conduct site visits and technical reviews as needed.

Jointly evaluate the feasibility and economics of toll-treating Elizabeth Hill
                                             material at Radio Hill.
 4. Scope of Cooperation - Acknowledgements  The MOU is non-binding except for confidentiality, costs, and governing law.

Any future commercial agreement (e.g., toll treatment) requires a separate
                                             definitive contract after positive technical/commercial assessment.
 5. Confidentiality                          All information exchanged must remain confidential and used solely for the
                                             assessment.

Disclosure obligations under the Corporations Act and ASX Listing Rules still
                                             apply.
 6. Costs                                    Each party will bear its own costs in preparing and implementing the MOU.
 7. Governing Law                            The MOU is governed by the laws of Western Australia, with non-exclusive
                                             jurisdiction.

 

About Radio Hill

The Radio Hill Processing Plant is a fully permitted 425,000 tonnes per annum
(tpa) nickel-copper concentrator located 35 km south of Karratha in Western
Australia's Pilbara region. Artemis purchased the plant in 2016 and
surrounding assets from Fox Resources. The plant includes flotation circuits,
tailings storage facility, administration and maintenance buildings, fully
developed underground mine and Gekko gravity plant. The plant remains on care
and maintenance but can be rapidly recommissioned.

Figure 1 - Radio Hill Processing Plant (2025)

Figure 2 - Radio Hill Gekko Plant (2025)

 

About The Elizabeth Hill Project

 

Elizabeth Hill is historically one of Australia's highest grade silver
projects and has a proven production history outlined below:

·    High grades enabled low processing tonnes: 1.2Moz of silver was
produced from just 16,830t of ore at a head grade of 2,194g/t (70.5 oz/t
Ag)(( 1  (#_ftn1) )).

·    Previous mining operation ceased in 2000: because of low silver
prices (US$5)(( 2  (#_ftn2) )).

·    Simplistic historical processing technique: native silver was
recovered via low-cost gravity separation techniques.

·    Untapped potential remains in ground with deposit open at depth and
recent consolidation of land package offers potential to discover more
Elizabeth Hill style deposits.

·    Tier 1 Mining Jurisdiction located on a mining lease with potential
processing option at the nearby Radio Hill site. Radio Hill is a
third-party-owned processing facility; WCE has no current agreement in place.

 

Through the consolidation of the surrounding land packages into a single
contiguous 180km(2) package significant exploration and growth potential
exists both near mine and regionally. The land package holds a significant
portion of the Munni Munni fault system, and other fault systems subparallel
to the Munni Munni fault system, which are considered prospective for
Elizabeth Hill look-a-like silver deposits.

 

Figure 3: Elizabeth Hill Project Tenement Location

 

This ASX announcement has been authorized for release by the Board.

 

For further information:

 

 

 Artemis Resources Ltd                           info@artemisresources.com.au (mailto:info@artemisresources.com.au)
 Jozsef Patarica, Executive Director

                                                 
 Julian Hanna, Managing Director

 Zeus (Nomad & Broker)

 Antonio Bossi / James Bavister /

 Gabriella Zwarts                                Tel:  +44 20 3829 5000

                                                

 

info@artemisresources.com.au (mailto:info@artemisresources.com.au)

  

 

 

Tel:  +44 20 3829 5000

 

 1  (#_ftnref1) WAMEX Annual Report,1 April 2014 to 31 March 2015, Elizabeth
Hill Silver Project, Global Strategic Metals NL, p16

 2  (#_ftnref2) www.kitco.com/charts/silver

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