ARV 7.04% 7.6¢ artemis resources limited

News: Artemis Resources acquiring majority interest in Greenland graphite project

  1. Artemis Resources (ASX:ARV) has reached a conditional agreement to acquire a 90% interest in a graphite project in Southern Greenland that has historic production.

    Licence 2013/06 includes the historic Amitsoq Graphite Mine that produced 6,000 tonnes at 21% graphite between 1911 and 1924, primarily through open cut methods.

    At least one historic report states that graphite flakes reach a maximum of 15mm which, in modern terms, would be considered as “Super Jumbo Flake” graphite.

    The project has had no modern exploration for graphite and is also prospective for gold, copper, nickel and platinum group elements.

    Artemis, which is acquiring 90% of the vehicle that has the right to acquire 100% of the licence, plans to carry out an airborne electromagnetic and magnetic survey to advance the project.

     

 
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