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SIGNIFICANT UPGRADE TO COPPER AND ZINC RESOURCES AT WHUNDO MINE

Artemis Resources Limited has announced a significant improvement in this latest JORC 2012 resource estimate for the company’s 100% owned Whundo Copper Mine in the West Pilbara region of Western Australia. The October 2018 resource estimate is classified to JORC 2012 compliant Indicated category.
Figure 1: Whundo Mine Deposits, 7km from Radio Hill Processing Plant.
Artemis’ Chief Executive Officer Wayne Bramwell commented:

“This resource upgrade hasseen a circa 30% uplift in the Whundo sulphide resource to 2.2Mt and contained copper and zinc metal tonnes has grown significantly to ?60,000t combined. The shallow oxide resource is entirely new.

Whundo was shut down in 2008 due to low copper and zinc prices. It is a valuable asset, considering it is an approved Mining Lease and is so close to our Radio Hill processing plant. The oxide grade of 1.75% Cu is tantalizing and with thiszone extending from nearsurface to ?40m below surface, Artemis is evaluating the integration of SX-EW processing at Radio Hill.

In addition, the larger sulfide zone could provide an additional blending source that could supplement Carlow Castle ore and further enhance copper grade to the Radio Hill Operations.”

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