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Artemis Resources Ltd

Artemis Resources appoints Ed Mead as interim CEO

The company continues to focus on its key assets and looks forward to updating the market on various activities in due course.

Drilling
Artemis has consolidated a large west Pilbara land package prospective for base, battery and precious metals

Artemis Resources Ltd (ASX:ARV) has appointed current executive director Ed Mead as interim chief executive officer following the resignation of Wayne Bramwell to pursue other professional opportunities.

Bramwell will remain with the company until August 6, 2019, to ensure a smooth transition.

Artemis Resources non-executive chairman Sheikh Maktoum Hasher al Maktoum said: “I think Wayne for his service to Artemis, in particular during the brief time I have been chairman.

“I wish him the best in his future endeavours.”

READ: Artemis Resources puts Ruth Well Pilbara sulphide resource at 152,000 tonnes

Earlier this month the Dubai royal-chaired company increased the indicated sulphide resource at its Ruth Well Nickel-Copper Project in the west Pilbara, which grades 0.63% nickel and 0.47% copper.

Artemis drilled 2,839 metres with 37 reverse circulation drill holes and 84.3 metres in one diamond drill hole at Ruth Well.

Ruth Well indicated resource

Mead said at the time: “Artemis sees a greater regional opportunity in this area for gold and as such the Monarch and Conqueror gold targets will take precedent over base metal investigation across these tenements.

“A heritage survey will also begin over these prospects this quarter.”

Drilling of the Ruth Well nickel-copper deposit aimed to verify older drilling and improve the definition of the resource.

Previous drilling in and around Ruth Well comprised 426 drill holes including open hole percussion, RAB, RC and diamond drilling for about 18,827 metres.

READ: Artemis Resources identifies three new gravity targets at Armada

In April the company identified three new gravity targets at its 100%-owned Armada licence in the Paterson Range of Western Australia.

The three new targets – Bandi, Orion and Romulan - are 4 kilometres from Greatland Gold PLC’s (LONG:GGP) Havieron gold and copper discovery.

The recent and airborne magnetic surveying identified 11 new targets, which have been ranked in priority for follow-up exploration.

Mead added: “The Artemis board sees the Paterson Ranges as highly prospective and the Armada prospect as a high value greenfields target.”

Quick facts: Artemis Resources Ltd

Price: $0.03

Market: ASX
Market Cap: $20.98 m
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