Big picture - Why invest in Artemis Resources Ltd
Artemis Resources Ltd Snapshot
Artemis Resources is exploring for the future. We are an ASX-listed exploration company focusing on the next stage of the Pilbara. We call this Karratha 3.0. For the first time, one company has consolidated deposits of gold, cobalt and copper - with a Processing plant.
We’ve discovered ‘watermelon seed’ gold nuggets - indicative of Witwatersrand-style conglomerate gold. This is a very exciting 21st century gold discovery.
Apparently everyone in Karratha either owns a boat or a metal detector, and when the fish aren’t biting it’s time to go prosecting! While the locals have kept their prospecting patch secret for years, the mining companies have bypassed the gold for iron ore – until now. Artemis Resources holds many gold tenements, but probably the most exciting tenement is Purdy’s Reward. We’ve found in-situ gold nuggets up to 4cm long in Archean conglomerates. Our joint-venture partner Novo Resources has started exploration and collected a bulk sample with lab results. At one point, we needed to hire security guards to check if the prospectors were conducting their work fairly and with 40E prospecting permits. We then sent our own geologists to prospect with metal detectors. Purdy's Reward is part of an 8km zone running southwest / northwest that is highly prospective for conglomerate gold mineralisation considered analogous to the Witwatersrand Basin in South Africa.
Carlow Castle (Co, Cu, Au)
The revolution in renewable energy and battery storage technology has fuelled the boom in lithium and now cobalt – which is needed for Li-ion batteries. If Lithium was the metal of 2016, then Cobalt is the metal of 2017 and 2018.
Before cobalt was on the radar, there was already a JORC (2012) Inferred Mineral Resource at Carlow Castle for 418,000 tonnes of Gold (Au) at 3.0 g/t and 0.6% Copper (Cu), for total of 40,000 ounces of gold, and 2,500 tonnes of copper. This is a 100% owned tenement (E47/1797) which is only 10km south of Roebourne. We’re continuing to assess the cobalt deposit with electromagnetic surveys, drilling and trenches.
Radio Hill Processing Plant
We need somewhere to process all of our projects for gold, cobalt, copper, platinum – so we simply bought the only processing plant in the region. Welcome to Radio Hill.
The hub of the ‘hub and spoke’ model is the 425,000 tpa Radio Hill Processing Plant. We’ve estimated the full refurbishment with a gravity gold circuit to cost $5.25m, which would take six months. It might be hard to believe, but this is the first that a processing plant and resources near Karratha have been consolidated into one company. Artemis identified many different projects – gold, cobalt, copper, platinum – and we knew that to make this all work we’d need a processing plant – so we simply bought the only processing plant in the region. This heavily reduces the long lead time to start a mine, we already have a plant, with a granted mining lease, biodiversity surveys have been completed, our groundwater licences have been granted, the environmental operating licences is granted, we have piped freshwater from the Water Corp, we have electricity from the Northwest Interconnected System and haulage roads. This plant was running during the 2000s and we are recommissioning the Radio Hill plant..
Last updated 26th July 2018
Mr David Lenigas is an experienced mining engineer with significant global resources and corporate experience, having served as executive chairman, chairman, and non-executive director of many public listed companies in London, Canada, Johannesburg, and Australia.
In recent years, David Lenigas was the Executive Chairman of London listed lithium investment company Rare Earth Minerals Plc, which has been responsible for providing significant funding for the development of the large Sonoro Lithium Project in Mexico and the Cinovec Lithium Project in the Czech Republic. He is currently non-executive director of Canadian listed Australian company Macarthur Minerals, whose major shareholder is Rare Earth Minerals Plc.
David Lenigas was also, until recently, the Executive Chairman of London listed UK Oil & Gas Investments Plc, which was responsible for the new Horse Hill oil discovery near London’s Gatwick International Airport that flowed on test a UK onshore record of 1,688 barrels of oil per day. He is now the Executive Chairman of London listed Doriemus Plc, which owns an interest in the Horse Hill oil discovery and is working with its JV partners towards moving Horse Hill into production.
David has a Batchelor of Applied Science (Mining Engineering)(Distinction) from Curtin University’s Kalgoolie School of Mines and holds a Western Australian First Class Mine Manager’s Certificate of Competency.
Sheikh Maktoum Hasher al Maktoum
H.H. Sheikh Maktoum Hasher al Maktoum is a member of Dubai’s ruling family. He is the President of Al Fajer Group and Chairman of Dubai International Holdings, Chairman of Manannan Hydro Limited and is a Non-Executive board member of the Commercial Bank of Dubai.
H.H. Sheikh Maktoum Hasher al Maktoum has a BSc. Business Administration and Finance from Suffolk University in Boston, USA and was awarded CEO of the Year by CEO Middle East in 2009 and was awarded Young Global Leader by the World Economic Forum in 2007.
As announced on the 26th of October 2017, H.H. Sheikh Maktoum Hasher al Maktoum has been appointed to the board of Directors of Artemis as a Non-Executive Director.
Mr Edward Mead is a geologist with over 20 years experience in gold and base metals exploration, mine development and mine production. Edward has also worked in the oil and gas industry on offshore drilling platforms. Other commodities that he has significant experience with and can be considered to be a competent person in are iron ore, magnetite, coal, manganese, lithium, potash and uranium.
Geological areas in Western Australia that he has worked in include: the West Pilbara for base metals and gold; the East Pilbara for manganese and gold; the Yilgarn for gold; the Kimberley for base metals, gold and uranium; and the Murchison for base metals, uranium and gold.
He has a BSc in geology from Canterbury University in New Zealand and is a member of the Australian Institute of Mining and Metallurgy.
Edward has worked for both small and large companies and has worked through his own consultancy company since 2005. He has been a Director of public companies since 2007.
Mr Alex Duncan-Kemp is a mining engineer with over 20 years experience in gold, iron ore and base metal mine development and mining operations. Alex has also worked on public infrastructure projects in construction of roads and construction earthworks.
Alex Duncan-Kemp has worked in the Pilbara and Kimberley on iron ore, both haematitic and magnetite ores; the Yilgarn Eastern and North-eastern Goldfields on gold; the Eastern Goldfields on nickel; Northwest Queensland on phosphate; and the Murchison on gold and copper operations. He has also worked for a large civil and mining contractor in both operations and project tendering areas.
Alex has a Bachelor of Applied Science (Mining Engineering) from Curtin University’s Kalgoorlie School of Mines and is the holder of a Western Australian First Class Mine Managers Certificate of Competency and is a Member of the AusIMM.
Last updated 26th July 2018
Suite 1 - Ground Floor
11 Ventnor Ave
West Perth, 6005
Ed Mead (Director)
Phone: +61 (8) 6319 0000
David Lenigas (Chairman)
Edward Mead (Executive Director)
Alex Duncan-Kemp (Executive Director)
Sheikh Maktoum Hasher al Maktoum (Non-Executive Director)
Suite 1 - Ground Floor
11 Ventnor Ave
WEST PERTH 6005
T: +61 (8) 6319 0000
E: [email protected]
Security Transfer Registrars Pty Limited
770 Canning Highway
APPLECROSS WA 6953
T: +61 (8) 9315 2333
F: +61 (8) 9315 2233
Solicitors to the Company
Edwards Mac Scovell
Level 7, 140 St Georges Terrace
Perth WA 6000
All Mining Legal
Suite 2, 257 York Street
Subiaco WA 6008
Westpac Banking Corporation