ARV 18.8% 1.9¢ artemis resources limited

ARV GRE WEST PILBARA LITHIUM

  1. 118 Posts.
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    see below key takeaways
    Drill target nearly 1000m from the drill pad due to restricted clearance and access
    drill hole stopped at 800m short of target (See RED circle)
    stratigraphic holes provided information of the structures and hit a 26m pegmatite zone with key minerals Ta, Niobium typically scene in a Li peg system
    now that access has been granted - drilling can occur on top /nearer the target area
    its clear Li results on the target 2-3% LiO2 these are high grade by any standards so target is untested
    further more Lithium is now found extending Osborne Li Trend - see announcement 1--2% Li samples
    further drilling to come now they have access

    The. are to be covered is huge over 200-300km2

    important to note:
    1. Azure market cap pre drill $100m
    2. Azure sold for $3b 12 months later in an agreed takeover deal by Hancock/ SQM
    3. SQM paid $10m for 70% plus 30% free carry novo for ground next door to ARV - not confirmed to have Li yet
    4. Azure did not make discovery in hole 1 and ARV / GRE hole was limited in size and nature due to access
    5. ARV market cap circa $20-30m - underlying value is underpinned due to strategic nature of the ARV and GRE/ARV JV land position

    Thes are early days, sadly some sold Azure too early including one self but key is to hang in as that's exploration - don't invest if you can't handle the ups and downs of exploration not every hole Azure drilled was a winner !
    Azure was a 20 bagger but took time and trial and effort - this is a NEW Li province people are still figuring it out (don't believe me ask Hancock and SQM)
    ARV not there by any stretch but as the Li market is down -50% to -80% across most ASX co ARV doing well (placement was 1.8c, last week 1.5c today trading 3.2c-3.5c trading as we speak in UK LSE_

    market still needs to appreciate strategic position and the extensive nature of Li in this area its a belt over 40km long from Azure (Roebourne) to GRE and ARV ground (Karratha)







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Last trade - 16.10pm 12/04/2024 (20 minute delay) ?
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Last updated 15.17pm 12/04/2024 ?
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