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Artemis Resources Ltd.

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Summary

Project:

Carlow Castle

Deposit:Ruth Well
Location:Australia
Commodities:Nickel-Copper
Date:5/7/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-5-2019: Artemis Resources Ltd. announces a Resource Estimation report for its Ruth Well deposit at the Carlow Castle project. Updated mineral resource estimate at Ruth Well deposit. Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankf
Resources:(Resource, Ind.): 152Kt @ 0.47% Cu, 0.63% Ni
CP/QP:[Resources]: Philip A Jones (Al Maynard & Associates Pty Ltd.)
ABSTRACT:Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankfurt: ATY, US OTCQB: ARTTF) is pleased to announce this Indicated Mineral Resource reported in accordance with the JORC Code (2012) at the Company’s 70% owned Ruth Well Ni-Cu project (E47/3487) in the West Pilbara region of Western Australia. This resource estimate is based on 37 Reverse Circulation (RC) drill holes for 2,839m and 1 (one) diamond drill hole of 84.3m is tabulated below in Table 1. The December 2018 resource estimate is a sulphide resource classified as an Indicated Mineral Resource totalling 152k tonnes at 0.63% Ni and 0.47% Cu. A small tonnage of oxide material exists but has not been included in the resource estimate due to its small size and the lack of any suitable nearby processing facility which could treat oxide material. The resource is reported for sulphide material using a lower cut-off grade of 0.3% Ni without capping (top cut).

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