Search
The new resource is located just 400m from the Radio Hill processing plant.

Artemis pens maiden nickel-copper resource at Radio Hill

Artemis Resources has wrapped itself a tidy little package for the upcoming Christmas holiday with the ASX listed company defining a shallow, nickel-copper mineral resource in the indicated category for its Radio Hill nickel mine near Karratha in WA.

The new resource sits at 1.15 million tonnes grading 0.52% nickel, 0.73% copper and 277ppm cobalt, which contains 5980 tonnes of nickel, 8395 tonnes of copper and 318 tonnes of cobalt.

Notably, this is a standalone resource that is independent of any previously reported resources.

Radio Hill sits on a fully approved mining lease that includes Artemis’ processing plant and the historic Radio Hill underground deposit that was processed through the plant prior to being placed into care and maintenance in September 2008 due to low commodity prices.

Management said that with the refurbishment of the Radio Hill flotation concentrator, the plant could successfully recover fresh sulphide copper and nickel mineralisation as saleable concentrates with metallurgical recoveries of about 80%.

Artemis Executive Director Ed Mead said: “This updip extension to the historic Radio Hill underground represents a new, shallow nickel – copper resource approximately 400m from the Radio Hill plant.

“Further resource development work is required to determine the optimum means to monetise the project and this work will be reviewed in 2019.”

The company currently has approved throughput capacity of 500,000 tonnes per annum of gold ores for the Radio Hill plant. This is the first stage of its plan to expand the multi-metal capability of the plant.

Artemis also expects to update mineral resources for its flagship Carlow Castle gold-copper-cobalt project in the first quarter of 2019.

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Source: Morningstar

Total Shareholder Return as at 28/06/19

1 year TSR5 year TSR
408thOtto Energy-15%3%
480thTriangle Energy Global-28%25%
759thCape Lambert Resources-70%-29%
819thArtemis Resources-81%-12%
731 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

18/02/19
$11k Bought
30/11/18
$0 Issued
01/12/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

52nd↑Artemis Resources$19.0m
56th↓Triangle Energy Global$13.8m
57th↑Otto Energy$13.0m
60th↑India Resources$11.4m
61st↑Cape Lambert Resources$11.3m
488 listed resources companies ranked by revenue.
Source: Morningstar

BNiQ Disclaimer