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Artemis Resources approves drilling program at Radio Hill

Mining News - Published on Wed, 03 Jan 2018

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Artemis Resources Limited announced that Western Australian Government's Department of Mines, Industry, Regulation and Safety has approved a significant drilling program at the Company's 100% owned Radio Hill Mine, which is designed to define new primary Nickel, Copper and Cobalt mineralisation amenable to open pit mining. Radio Hill has a long history of Ni/Cu/Co production from when it was opened back in 1985 by AGIP, and is located only 25km south of Karratha in the Western Pilbara Region of Western Australia.

Apart from the small quantities of ore extracted from the small Trial Pit for metallurgical purposes back in 1985/86 by AGIP, only minimal tonnages have been extracted in the top 70 metres of the Radio Hill mine, mainly from historical underground operations. Refer Figure 4 of Artemis's news release on 16 December 20161.

Artemis is aiming to have the drilling completed within 40 days and pit designs and optimisation studies completed and costed prior to the Radio Hill Plant being operational during the middle of 2018.

Mr David Lenigas, Artemis' Executive Chairman, commented that "The Radio Hill Plant was specifically designed to treat Radio Hill ore, and apart from the stockpiles that already exist at surface, the top of the Radio Hill Nickel/Copper/Cobalt area remains principally untouched. We are expecting to find primary massive sulphide, stringer and disseminated mineralization almost to surface and will be drilling the top of the system to define on open pit to a depth of 70 metres. With commodity prices now at recent highs (Nickel: ~AUD 15,000/t, Copper ~AUD 9,000/t and Cobalt: ~AUD 100,000/t), we plan to have the open pit resourced, designed and costed well in advance of the Radio Hill Plant's recommissioning in June 2018. In addition, our engineers responsible for bringing the Radio Hill plant back to life, have been requested to fast track plans to increase the plant's processing capacity to over 1 million tonnes per annum."

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Posted By : Rabi Wangkhem on Wed, 03 Jan 2018
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