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Artemis: 10 bagger within weeks......?!

356 Posts
Pagina: «« 1 2 3 4 5 6 ... 18 »» | Laatste | Omlaag ↓
  1. forum rang 10 DeZwarteRidder 10 november 2017 07:53
    Artemis to acquire 302km2 of tenements next to Comet Well and Radio Hill

    Artemis Resources is pleased to announce a massive new land acquisition bordering our existing projects at Purdy's Reward, Whundo, Munni Munni and Radio Hill. These tenements include the projected conglomerate trend.

    David Lenigas, Artemis’s Executive Chairman, commented;
    “Today we have signed a binding agreement to acquire the controlling interest in the last significant tenements on the Purdy’s Reward, Comet Well, Whundo and Munni Munni projected conglomerate trend that were not under the control of Artemis or Novo Resources previously. This plugs a very big gap in the map and provides Artemis with the exploration potential along strike from Comet Well and in the heart of the main play. Pursuant to this agreement, Artemis will also be acquiring a big land position around our Radio Hill mine site, and land that also covers the 47 Patch gold find and the Ruth’s Well nickel project.”
  2. forum rang 10 DeZwarteRidder 10 november 2017 08:02
    Artemis Resources confirms Carlow Castle is a cracking cobalt project

    Published on: Mar 22, 2017 | by Trevor Hoey

    Investors who jumped into Artemis Resources (ASX: ARV) on the ground floor in mid-January found at the start of this week that they were sitting on a near 10 bagger as the company’s shares hit an intraday high of 15.5 cents, up from 2 cents on January 16.

    This occurred only a few days ahead of the release of drill results at the group’s Carlow Castle project located in close proximity to Karratha in Western Australia. The results received the stamp of approval when the market opened on Wednesday morning with the group’s shares surging 18%.

    Interest in ARV has certainly been accentuated by the company’s exposure to cobalt, the metal of the moment, and based on most analyst’s projections the anticipated highflyer that will take over from lithium in 2017.

    It should be noted that broker projections and share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

    However, ARV isn’t just a play on cobalt. There are several other factors that place it head and shoulders above its peers, suggesting that the recent share price accretion is still yet to be captured in the share price.
    Drill results indicate potential commercial viability of a multi-commodity project

    Initial assay results from RC drilling at Carlow Castle have returned promising grades across cobalt, gold and copper. It is worth bearing in mind that results from another 21 holes across a 1.5 kilometre strike are still to be released, potentially providing further share price momentum.

    With regard to the two assay results released today, they included 2 metres grading circa 1.4% cobalt, 5.2 grams per tonne gold and 4.2% copper. This was sourced from relatively near surface mineralisation.

    ARV also provided XRF results (on-site, pre-lab, less precise indicative testing) for three subsequent holes. Assay results for these three holes should be released next week.

    The most impressive indicative XRF results included 6 metres grading 1.3% cobalt and 2.1% copper from 48 metres and 4 metres at 1.1% cobalt and 6.1% copper from 63 metres. Importantly, multiple zones of massive sulphide cobalt mineralisation were intersected in the course of drilling.
    Good grades, great address and established infrastructure

    In discussing the drill results, ARV’s chairman David Lenigas was equally upbeat about the gold and copper side of the story as he was cobalt, saying “Not only are these cobalt results significant from a global perspective, but they clearly demonstrate the cobalt potential of this project, especially when combined with the high grades of gold and copper”.

    Lenigas was also buoyed by the early identification of multiple parallel lodes of cobalt mineralisation.

    The issue of ‘conflict cobalt’ also came to the fore as this has a significant impact on the supply demand dynamics for the metal. On this note, Lenigas said, “A great deal of the world’s cobalt currently comes from the Democratic Republic of Congo (DRC) which, in many circles is regarded as conflict cobalt due to the amount of child labour employed in its mining”.

    He is of the view that many end-users can’t or won’t buy conflict cobalt (in a sense similar to the ‘blood diamond’ story) in the current environment due to issues such as the use of child labour.

    Consequently, the establishment of a commercially viable multi-commodity cobalt project in a mining friendly jurisdiction should work in the company’s favour.
    Acquisition of Fox Resources mining, plant and assets provides easy path from exploration to production

    The imminent acquisition of Fox Resources’ Radio Hill operations (including JORC 2004 and 2012 compliant resources of nickel, copper and zinc), located 35 kilometres south of Karratha and 20 kilometres from the Carlow Castle project is a significant development for ARV in terms of making the transition from explorer to producer.

    The cash and share payment for the acquisition equates to a value of $4 million. Management estimates that building the 425,000 tonnes per annum plant alone would likely cost at least $50 million, but potentially as much as $100 million, particularly when placing a value on the necessary funding requirements and time constraining factors such as permitting.

    At a time when many new entrants in the hyped up cobalt space are just scratching the surface, ARV is shaping up as a company that could quickly establish a JORC 2012 compliant resource with subsequent studies and decision to mine simplified by the fact that it has access to a fully funded ‘ready to process’ plant.
  3. [verwijderd] 10 november 2017 12:44
    Goed nieuws die overnames van grondposities, wel iets verwatering van aandelen maar ik verwacht weer hogere koersen vanmiddag. Gaat lekker, ik sta op 55% winst binnen een maand en dit is nog maar het prille begin. Als de CEO inmiddels een cursus spreken in het openbaar heeft gevolgd kan er weinig meer misgaan met dit aandeel. :-)
  4. forum rang 10 DeZwarteRidder 13 november 2017 09:12
    Carlow Castle drill results soon

    Mt Oscar
    The Fairmont prospect has returned the highest gold assay in rock chips of 21.5 g/t Au, this is from a ferruginous pebble conglomerate. We’ve submitted an exploration project to the Department of Mines, Industry Regulation and Safety (DMIRS) for approval; this is for 3,067 metres of trenching, 48,000 tonnes of disturbed tonnage and an initial 840 metres of RC drilling and 250 metres of diamond drilling.

    Whundo

    We inherited the Whundo tenements through the Fox Radio Hill Pty Ltd deal for the Radio Hill processing plant – hence we gained the Whundo copper project. We were about to start a rehabilitation project on historic waste dumps – but then we released these low-grade deposits were now economical in 2017 – so We’ve monetised a liability and starting trucking the copper oxides to Whim Creek, for processing by Blackrock Minerals. So far, we’ve sold 50,000t of copper oxide at 1.5% Copper content.

    We’ve enjoyed selling copper oxides so much so that we want to continue this deal either with Blackrock Minerals or with our own Radio Hill plant – so we started drilling around the Whundo and West Whundo open pits. We’ve got 20 angled drill holes (dip -60 degrees) to compare the previous intersections of oxide copper mineralisation, as all previous drilling was vertical.

    Blacktop

    Through the Radio Hill acquisition, we acquired the data behind the DeBeers’ Balmoral Project. Looking into this data, we realised this land included the Blacktop Kimberlites and the ground is highly prospective for cobalt, gold and base metal mineralisation. These tenements are still in application and we’ll surely keep you updating on their progress.
  5. forum rang 10 DeZwarteRidder 13 november 2017 10:21
    Blacktop (Diamonds)

    DeBeers diamond trading and marketing company (Diamdel) valued the diamonds at USD $52.56 per carat – that’s about USD $8,500 of diamonds from a small sample pit in 2006.

    The only thing rarer than diamonds is diamond mines. There’s only one diamond mine in Australia…and believe it or, not Artemis is looking for diamonds in the Pilbara. In May 2017, we applied for three massive exploration tenements (E47/3707, E47/3708 and E47/3709) which is 598km2 – about 60km south of the Radio Hill plant. This ground could include cobalt, base metals, gold and diamonds.

    In 2006, the global diamond conglomerate De Beers and its joint-venture partner discovered diamondiferous kimberlites – and from a 6000t sample they recovered 2,320 gem quality diamonds (164 carats) including one prized find – the 1.41 carat stone. At the time, a DeBeers diamond trading and marketing company (Diamdel) valued the diamonds at USD $52.56 per carat – that’s about USD $8,500 of diamonds from a small sample pit in 2006.

    Through the Radio Hill acquisition, we acquired the data behind the DeBeers’ Balmoral Project. Looking into this data, we realised this land included the Blacktop Kimberlites and the ground is highly prospective for cobalt, gold and base metal mineralisation. These tenements are still in application and we’ll surely keep you updating on their progress.
356 Posts
Pagina: «« 1 2 3 4 5 6 ... 18 »» | Laatste |Omhoog ↑

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