Artemis’ Executive Chairman David Lenigas said Artemis’ 100% owned Radio Hill processing plant will become a multimetal production platform and it now has a gold circuit.
Through this collaboration with Artemis, Pacton can potentially expedite their exploration and development initiatives and as such this strategic alliance is seen as win-win for both companies.”
Pacton is a well-financed, aggressive Canadian explorer which has the backing of Mr Eric Sprott as its major shareholder. Pacton is focused on the exploration and development of conglomerate and shear hosted gold properties in the Pilbara region of Western Australia and currently controls one of the largest conglomerate-hosted gold property portfolios with tenements totalling in excess of ?2,840 km2.
The MOU contemplates collaboration between the two companies, with Artemis and Pacton seeking to determine how they can together advance, or leverage off, Artemis’ 100% owned Radio Hill operations. This will include Pacton utilising the Radio Hill processing plant, located 30 km from the city of Karratha, on a non-exclusive basis.