Skip to main content

Artemis and Novo JV commit to AUS$5.4 million exploration budget

Published by , Assistant Editor
Global Mining Review,

Canadian metals company Novo Resources Corp (Novo) and Australian exploration company Artemis Resources Ltd (Artemis) under the 50/50 Joint Venture (JV) for conglomerate and paleoplacer gold in the Karratha area 1, have agreed to a AUS$5.4 million exploration and work programme budget for the year beginning 1 July 2018.

According to Artemis, in the first four months of the period, the JV is to focus on bulk sampling, diamond drilling and costeaning activities, primarily at Purdy’s Reward. Large bulk samples will be collected and treated to provide necessary gold grade data for a mineralisation report, an important step toward converting the current exploration license to a mining lease.

Artemis’s CEO, Wayne Bramwell, commented: “Artemis is pleased that the Artemis/Novo JV has agreed to a new, aggressive conglomerate gold exploration budget for the coming year.”

Quinton Hennigh, Novo’s Chairman and President, added: “Novo is pleased to work with Artemis as we commence the new field season at Purdy’s Reward. Our JV programme is designed to quickly accelerate the project toward trial mining.”

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »


The Future of Energy-Efficient Haulage

Nik Gresshoff and Matt Youngblood, Railveyor, review how operators can cut costs and emissions by implementing an electric haulage system.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Australian mining news