News and Announcements
Artemis Acquire Strategic West Pilbara Gold and Base Metals Assets
- Published May 15, 2012 9:15PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Artemis Resources Ltd (ASX: ARV) (‘Artemis’ or ‘the Company’) is pleased to announce that it has agreed to acquire 100% of Karratha Metals Limited (‘Karratha’), a company which has interests in a strategic package of 45 tenements in the Pilbara and Yandal Greenstone Belts in Western Australia.
Artemis will, on acquisition of Karratha, own a tenement package being acquired from Legend Mining Limited (Legend) and its subsidiary, which holds tenements and is currently earning a 70% interest in the Mt Marie joint venture with Fox Radio Hill Pty Ltd (see figure 1). On completion of the transaction, Legend will hold approximately 12.5% of the issued capital of Artemis.
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