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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Artemis Resources Limited | LSE:ARV | London | Ordinary Share | AU000000ARV3 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.025 | 4.17% | 0.625 | 0.60 | 0.65 | 0.625 | 0.625 | 0.625 | 175,063 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 80k | -16.92M | -0.0122 | -0.82 | 13.91M |
TIDMARV
RNS Number : 7810Y
Artemis Resources Limited
05 January 2024
5 January 2024
Artemis Resources Limited
("Artemis")
ADDUM TO ANNOUNCEMENT -
MAIDEN DIAMOND DRILL HOLE COMPLETED OSBORNE JV
DRILLING CONTINUES AT OSBORNE AND KOBE PEGMATITE TRS
As requested by the ASX, Artemis Resources Limited ('Artemis' or the 'Company') (ASX/AIM: ARV) wishes to provide a revision to the above announcement, as originally released on 29 November 2023.
The addendum to the release is to provide further information contained within the JORC table with particular reference to the diamond drilling sampling and collection methodology. The revised JORC table below provides a more detailed analysis of sampling and drilling techniques, sample preparation and logging.
This announcement has been approved for release by the Board.
For further information on the Company, please visit www.artemisresources.com.au or contact:
Artemis Resources Ltd Guy Robertson, Chairman info@artemisresources.com.au WH Ireland Limited (Nomad & Broker) Antonio Bossi / James Bavister Tel: +44 20 7220 / Isaac Hooper 1666
About Artemis Resources
Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) Artemis Resources Limited is a gold, copper and lithium focused resources company with three major projects in Western Australia; the Greater Carlow Castle gold-copper-cobalt project in the West Pilbara; the Paterson Central project in the Paterson Province (located adjacent to Greatland Gold / Newcrest's recent gold-copper discovery at Havieron; and the Osborne JV (Artemis 49%; GreenTech Metals (ASX:GRE) 51%) in the West Pilbara.
Artemis also owns the Radio Hill processing plant, the only processing plant in the West Pilbara region, 35km from Karratha.
*
JORC Code, 2012 Edition - Table 1 report template Revised
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary Sampling techniques * Nature and quality of sampling (eg cut channels, * Sampling of the core is restricted to intervals of random chips, or specific specialised industry geologically logged pegmatite. standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These * Sampling quality is considered good due to 100% core examples should not be taken as limiting the broad recovery. meaning of sampling. * A 2m buffer of core was sampled on either side of the * Include reference to measures taken to ensure sample logged and sampled pegmatite intervals representivity and the appropriate calibration of any measurement tools or systems used. * Sample intervals were variable but not exceeding 1m * Aspects of the determination of mineralisation that are Material to the Public Report. * The core was halved using an automated cutting diamond saw and sampling were selected from one half of the core * In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples * All of the pegmatite is sampled irrespective of the from which 3 kg was pulverised to produce a 30 g observation of possible lithium mineralisation charge for fire assay'). In other cases more (spodumene) explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. ================================================================= Drilling techniques * Drill type (eg core, reverse circulation, open-hole * Diamond Core Drilling was completed using a hammer, rotary air blast, auger, Bangka, sonic, etc) combination of standard HQ and NQ size drill bits. and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by * The core was orientated by the drilling company using what method, etc). an orientation marking tool and logged by Greentech staff for both geological and geotechnical attributes. * This announcement relates in part to drilling carried out by Greentech/Artemis for which no laboratory results are available. * No mention is made in this announcement of exploration drilling sample results including drilling conducted by other companies on nearby tenements. Drill sample recovery * Method of recording and assessing core and chip * Diamond drilling was contracted to be undertaken by sample recoveries and results assessed. Seismic Drilling and with subsequent core sampling and logging being undertaken by Greentech/Artemis. * Measures taken to maximise sample recovery and ensure representative nature of the samples. * No laboratory results are available for the samples and hence are not discussed or included in this announcement. * Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse * The core is photographed, visually logged for material. lithology and mineralogy and with geotechnical information recorded * All data is recorded in a digital, tabulated format for database storage and future recovery when required. * Core recovery is 100% in all of the core sections sampled to date. ================================================================= Logging * Whether core and chip samples have been geologically * No drill core sample assay results are available and and geotechnically logged to a level of detail to hence these are not discussed in this announcement. support appropriate Mineral Resource estimation, mining studies and metallurgical studies. * The core was orientated using an orientation marking tool and logged for both geological and geotechnical * Whether logging is qualitative or quantitative in attributes.
nature. Core (or costean, channel, etc) photography. * The logging and sampling is of a standard that could * The total length and percentage of the relevant be used in support of a future Mineral Resource intersections logged. estimation * The core was photographed prior to cutting and sampling * All pegmatite intervals were logged and sampled * Both drilling, logging and sampling of core is ongoing Sub-sampling techniques * If core, whether cut or sawn and whether quarter, * Sampling of drill core is not completed and sample half or all core taken. preparation * Sampling of the core is restricted to intervals of * If non-core, whether riffled, tube sampled, rotary geologically identified and logged pegmatite. split, etc and whether sampled wet or dry. * A 2m buffer of core was sampled on either side of the * For all sample types, the nature, quality and logged and sampled pegmatite intervals appropriateness of the sample preparation technique. * Sample intervals were variable but not exceeding 1m * Quality control procedures adopted for all and is considered appropriate for sampling of sub-sampling stages to maximise representivity of pegmatite at this reconnaissance stage samples. * The core was halved using an automated cutting * Measures taken to ensure that the sampling is diamond saw and sampling were selected from one half representative of the insitu material collected, of the core including for instance results for field duplicate/second-half sampling. * Whether sample sizes are appropriate to the grain size of the material being sampled. ================================================================= Quality of assay * The nature, quality and appropriateness of the * Sampling of drill core is not completed data and assaying and laboratory procedures used and whether laboratory the technique is considered partial or total. tests * Samples will be sent to ALS Global Laboratories in Perth for analysis using their ME-MS89L 52 element * For geophysical tools, spectrometers, handheld XRF technique instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their No sample standards are used other than those derivation, etc. routinely applied by the laboratory * Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. Verification * Not Applicable as no assay results are available of sampling * The verification of significant intersections by and assaying either independent or alternative company personnel. * The use of twinned holes. * Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. * Discuss any adjustment to assay data. ================================================================= Location of data * Accuracy and quality of surveys used to locate drill * Drill collar locations are determined by hand held points holes (collar and down-hole surveys), trenches, mine GPS which is considered appropriate for the workings and other locations used in Mineral Resource reconnaissance nature of the drilling and associated estimation. sampling. * Specification of the grid system used. * Down hole surveys are conducted on each drill hole by the drill company * Quality and adequacy of topographic control. * Topography control is obtained from contoured satellite imagery Data spacing Not applicable as drill holes are exploratory and * Data spacing for reporting of Exploration Results. in nature. distribution * Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. * Whether sample compositing has been applied. ================================================================= Orientation of data * Whether the orientation of sampling achieves unbiased * The drill holes are orientated approximately in relation sampling of possible structures and the extent to orthogonal to the pegmatite body being targeted with to which this is known, considering the deposit type. sampling considered to provide reasonably unbiased geological results. The sampling of drill core has yet to be structure completed and details of this is not discussed in * If the relationship between the drilling orientation this announcement. and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. Sample security * The measures taken to ensure sample security. * Sample security is by way of chain of custody. ================================================================= Audits or reviews * The results of any audits or reviews of sampling * No review of the sampling techniques has been techniques and data. undertaken. ============= ================================================================= =================================================================
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary Mineral tenement * Type, reference name/number, location and ownership * Tenement E47/3719 is subject to a Greentech and land including agreements or material issues with third Metals/Artemis Resources 51%/49% Joint Venture tenure status parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and * The tenements are in good standing with DMIRS and environmental settings. there are no known impediments for exploration on these tenements. * The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. ================================================================= Exploration done by * Acknowledgment and appraisal of exploration by other * Numerous exploration parties have held the area other parties parties. covered by the current Osborne JV tenure previously. There is no reported previous exploration for lithium bearing pegmatites on the tenements. * No other exploration companies generated data was used in this release. * Regional RTP aeromagnetics and geology from Geological Survey of WA. * The area was previously explored by Fox Resources Ltd and Artemis Resources Ltd with both focussed on nickel exploration. Geology * Deposit type, geological setting and style of * The lithium bearing pegmatite zone trends WNW-ESE and mineralisation. is hosted by strongly sheared sediments of the Regal Formation. * The pegmatites occur as intermittent lenses in strongly sheared sediments assigned to the Regal Formation and are located approximately 3km to the north of the Sholl Shear Zone. * The pegmatites are steeply dipping and up to 20m wide. * The project area is underlain by the Archean Pilbara Craton, specifically the West Pilbara Superterrane (WPST) of Hickman (2016). The 3280-3070 Ma WPST comprises numerous tectonostratigraphic packages (Sholl, Regal and Karratha Terranes and the Whundo and Nickol River Basins) and igneous complexes that have been variously affected by several tectonic events. The easterly to east-north easterly trending Sholl Shear Zone (SSZ) is a boundary for the regional rock packages. Metamorphic grade is higher to the north of the SSZ, suggesting the present-day surface shows a slightly deeper crustal level on the north side. ================================================================= Drill hole Information * A summary of all information material to the * Details of the drill hole discussed in this understanding of the exploration results including a announcement is included in the announcement tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length. * If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. Data * Not applicable aggregation * In reporting Exploration Results, weighting averaging methods techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. * Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. * The assumptions used for any reporting of metal equivalent values should be clearly stated. ================================================================= Relationship between * These relationships are particularly important in the * Not applicable as surface sampling is reconnaissance mineralisation reporting of Exploration Results. in nature. widths and intercept lengths * If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. * If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. 'down hole length, true width not known'). Diagrams * Appropriate maps and sections (with scales) and * All the appropriate maps are provided in the body of tabulations of intercepts should be included for any this announcement. significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. ================================================================= Balanced reporting * Where comprehensive reporting of all Exploration * This announcement discusses the findings of recent Results is not practicable, representative reporting reconnaissance sampling and associated assays.
of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. Other substantive * Other exploration data, if meaningful and material, * All the meaningful exploration data has been included exploration should be reported including (but not limited to): in the body of this announcement. data geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. ================================================================= Further work * The nature and scale of planned further work (e.g. * Artemis and Greentech plan to conduct further ground tests for lateral extensions or depth extensions or reconnaissance and sampling in the short term to large-scale step-out drilling). determine the surface extent both laterally and along strike and also the economic potential of the prospect. Drilling is ongoing and with future drill * Diagrams clearly highlighting the areas of possible programs envisaged. extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. =============== ================================================================= =================================================================
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January 05, 2024 02:26 ET (07:26 GMT)
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