REG - Artemis Resources Ld - Cassowary Tenement Copper-Gold Exploration Project

Artemis ResourcesAnnouncement

Mon 10:45

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RNS Number : 1176D  Artemis Resources Limited  13 October 2025

 

13 October 2025

 

Artemis Resources Limited

 

("Artemis" or "The Company")

 

Cassowary Tenement Copper-Gold Exploration Project - Access Agreement Executed

 

 

Highlights

 

 

·      Land Access Agreement for the Cassowary Exploration Project
executed with the Pila Nguru (Aboriginal Corporation) RNTBC, the registered
Native Title Body Corporate

·      The Agreement provides access to the Cassowary Project including
the recently granted 341km2 tenement (E69/4266) covering the large,
interpreted Cassowary Intrusion

·      The Cassowary Intrusion lies within a >30km wide interpreted
rift zone adjoining the Madura Crustal Boundary, a major geological feature

·      Tenement area recently increased to ~1129km2 to cover additional
targets within the rift zone, south of two applications by WA1 Resources
Limited

·      Magnetic data reveals a large concentric footprint to the
Cassowary Intrusion and strong geological disruption, indicating potential for
IOCG type copper-gold mineralisation

·      Pursuant to the Agreement, Artemis is preparing a work program
for planned diamond drilling as an initial test of the Cassowary Intrusion

·      Site activities are targeted to commence in December, subject to
Artemis submitting work programs and Pila Nguru conducting heritage surveys
over specific areas

 

Artemis Resources Limited (ASX/AIM: ARV) ("Artemis" or "the Company") is
pleased to advise that wholly owned subsidiary, KML No 2 Pty Ltd has executed
a Land Access Agreement with the Pila Nguru (Aboriginal Corporation) RNTBC to
access and explore the Cassowary Copper-Gold Exploration Project in the
Nullarbor region of Western Australia (refer Figure 1).

The agreement applies to granted exploration licence (E69/4266) covering the
large, interpreted Cassowary Intrusion and four (4) pending applications
(E69/4317, E69/4318, E69/4330 and E69/4334) covering other intrusions and
structural targets interpreted from geophysical data.

Given the unique location of the Cassowary Intrusion on a major crustal
boundary and the scale of disruption of the surrounding geology by the
intrusion, Cassowary is considered prospective for IOCG-type Copper-Gold, and
potentially other types of intrusion related mineralisation .

 

Julian Hanna, Technical Director, commented:

"I am very pleased to report that a Land Access Agreement has been signed with
the Pila Nguru Native Title Holders.  This is a major milestone for Artemis
which should allow heritage surveys to commence for planned on-ground
exploration, including initial drilling and gravity surverys.  On behalf of
Artemis, I would like to thank the Pila Nguru Directors and their advisers,
Central Desert Native Title Services for their support in progressing the
Agreement in a timely manner.

We look forward to reporting progress of this exciting project in coming
weeks."

For more information, please visit  www.artemisresources.com.au
(http://www.artemisresources.com.au/)

 

 

This announcement was approved for release by the Board.

 

 Artemis Resources Ltd                        info@artemisresources.com.au (mailto:info@artemisresources.com.au)
 Julian Hanna, Technical Director

 Jozsef Patarica, Executive Director

 Zeus (Nomad & Broker)

 Antonio Bossi / James Bavister /             Tel:  +44 20 3829 5000

 Gabriella Zwarts

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

 

 

 

 

Tel:  +44 20 3829 5000

 

 

 

Figure 1: Location map showing three major crustal boundaries, Cassowary
tenements and main access roads

 

Cassowary Copper-Gold Exploration Project - Geological Setting

The Cassowary Project includes several intrusions interpreted within a
>30km wide rift zone bounded to the west by >500km long Madura Crustal
Boundary. (Refer Figures 1 & 2).

The Proterozoic sequence hosting the target intrusions is buried below an
estimated 250-300m of consolidated Eucla Basin sediments comprising limestone,
sandstone and shale. Estimated thickness of the Eucla Basin sequence is based
on 13 historic drill holes across the region which intersected basement at an
average depth of 239m. Only two drill holes (BKD1, BKD2) located 28km
southeast of Cassowary Intrusion have been drilled within the rift zone.
(Refer Figure 2).

The rift zone sequence is expected to include metamorphosed sediments, mafic
volcanics and intrusions based on sparse drilling across the wider Madura
Province and geophysical data 1 .  The interpreted intrusions appear to be
associated with rift margins and cross cutting structures. Artemis recently
increased its tenement area to around 1129km(2) to cover additional targets
within the interpreted rift zone, south of two applications by WA1 Resources
Limited (WA1) 2 .

Cassowary Intrusion

The Cassowary Intrusion is a large, untested copper-gold exploration target
located in a very favourable setting on the margin of a major crustal
boundary.  A preliminary diamond drilling program is planned to commence in
December subject to heritage clearances.

Key features of the Cassowary Intrusion interpreted from magnetic data 3 
include:

Ø large concentric magnetic footprint (5-10kms width)

Ø intruded along eastern contact of the Madura Crustal Boundary

Ø coincides with 3-4km wide cross-cutting fault zone

Ø disrupted surrounding magnetic units by >20kms to the east

Ø displaced Madura Crustal Boundary by >5kms to the west

Ø focus for magmatic activity, possible conduit for mineralising fluids

 

Figure 2:  Magnetic image 4  showing Madura Crustal Boundary, interpreted
rift zone, Artemis and WA1 Resources tenements and targets within the area of
Northern Intrusions.  Source: TMI image from Geoscience Australia survey
P1208 (Eucla Basin 1, 2009) at 200 m line spacing. Data locally enhanced to
assist geological/structural interpretation

 

 Tenement  Holder            Status   Km(2) Area

 E69/4266  KML No 2 Pty Ltd  Granted  341
 E69/4318  KML No 2 Pty Ltd  Pending  107
 E69/4334  KML No 2 Pty Ltd  Pending  134
 E69/4317  KML No 2 Pty Ltd  Pending  101
 E69/4330  KML No 2 Pty Ltd  Pending  446
 Total                                1,129

Table 1: Schedule of Cassowary Project tenements held by Artemis subsidiary
KML No 2 Pty Ltd

 
Competent Person Statement

The information in this report that relates to Exploration Results was
compiled by Mr Julian Hanna, a Competent Person who is a member of the
Australasian Institute of Mining and Metallurgy (MAusIMM). Mr Hanna is
Technical Director of Artemis Resources Ltd and 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 Hanna 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 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.

 

Forward Looking Statements

This announcement contains historical facts, interpretations and statements
relating to the Company's current exploration projects, drill targets, plans,
estimates, objectives, and strategies which are forward-looking statements.
Such forward-looking statements involve known and unknown risks, uncertainties
and other important factors beyond the Company's control that could cause the
actual results, performance, or achievements of the Company to be materially
different from future results, performance or achievements expressed or
implied by such forward-looking statements. Accordingly, any reliance you
place on such forward-looking statements will be at your sole risk and the
Company expressly disclaims any obligation or undertaking to disseminate any
updates or revisions to any forward-looking statements contained in this
announcement to reflect any changes in its expectations with regard thereto or
any change in events, conditions or circumstances on which any statement is
based. The information contained in this announcement is subject to change
without notice. No representation or warranty, express or implied, is given as
to the accuracy, completeness or fairness of the information or opinions
contained in this announcement and no liability is accepted by the Company or
any of its directors, members, officers, employees, agents, or advisers for
any such information or opinions.

 

About Artemis Resources

Artemis Resources (ASX/AIM:ARV) is a gold and copper focused resources company
with a highly attractive suite of projects including projects in Western
Australia's underexplored North Pilbara Gold Province and at the Cassowary
Exploration Project located 440km east of Kalgoorlie in Western Australia.

·    Attractive projects:

o  Gold/Copper - Karratha Gold Project (100%) multiple prospects incl:
Carlow, Titan, Thorpe

o  Copper/Gold - Cassowary Exploration Project - large IOCG type targets

o  Paterson Gold/Copper Project - adjacent to Havieron Mine (owned Greatland
Gold)

o  Lithium - Artemis/Greentech Lithium JV: Mt Marie, Kobe, Osborne

·    Highly strategic location: Tier 1 jurisdiction, close proximity to
major hub at Karratha including regional rail and road infrastructure,
administrative centre and Dampier Port

·    Significant exploration upside: highly prospective tenure package in
the Pilbara Region of Western Australia which is rapidly emerging gold
province dominated by >12Moz Au Hemi Project

·    Mineral Resource with growth potential: existing high-grade
gold-copper Mineral Resource at Carlow

·    Established processing site at Radio Hill: strategically located,
fully permitted

·    Cassowary Exploration Project: Artemis holds a granted 341km(2)
exploration licence covering the large, interpreted Cassowary Intrusion
prospective for IOCG type copper/gold and has applied for four other
exploration licences to cover other interpreted intrusions within a 30-40km
wide interpreted rift zone

 1  Refer to Figure 2 in this announcement

 2  Refer to WA1 Resources announcement on 28 April 2025 and Figure 2 in this
announcement

 3  Refer to Figure 2 in this announcement

 4  Source of magnetic image: Geoscience Australia survey P1208 (Eucla Basin
1, 2009)

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