The Pick News

Artemis Resources: Poised for a Pilbara Treasure Hunt

Written by Staff Writer | Jan 28, 2025 2:50:06 AM

Artemis Resources (ASX/AIM: ARV) is wasting no time in 2025, preparing for a bold exploration campaign at its Karratha Gold Project in Western Australia’s Pilbara region. Under the guidance of its newly appointed Managing Director, Julian Hanna, the company is targeting the expansion of its flagship Carlow resource while hunting for new discoveries at nearby prospects.

A Strategic Shift Under Julian Hanna

Julian Hanna’s recent promotion to Managing Director has injected fresh momentum into Artemis’s exploration strategy. Hanna, formerly a Senior Technical Advisor, has an enviable track record, including leadership roles at Western Areas Ltd and MOD Resources Ltd, where he spearheaded projects that evolved into significant mining operations.

“I’m excited to lead Artemis through its next growth phase. Our Pilbara portfolio, particularly the Carlow deposit, holds transformative potential,” Hanna remarked earlier this month. He also credited last year’s groundwork, which set the stage for an ambitious 2025 campaign backed by a $4 million capital raise​​.


             Artemis Resources Managing Director, Julian Hanna 

Big Plans for Carlow and Beyond

At the heart of Artemis’s exploration efforts lies the Carlow deposit, which boasts an inferred mineral resource of 374,000 ounces of gold, 64,000 tonnes of copper, and 8,000 tonnes of cobalt. With an open resource of 704,000 ounces of gold-equivalent, Artemis is optimistic about further growth. Two diamond drill holes will test high-grade gold zones in the deposit’s East Zone, where mineralisation remains open at depth.

Artemis is also keen to assess the economic potential of Carlow through a conceptual open-pit study. The results could pave the way for the project's transition from exploration to development.

Nearby, the Marillion electromagnetic anomaly, just 500 metres east of Carlow, presents an intriguing opportunity. Described as a 500-metre-long, high-conductivity anomaly, it may represent a faulted extension of the Carlow system or host its own sulphide mineralisation. Diamond drilling at Marillion is slated to begin in February, marking a key milestone for the quarter.

A Rising Star: Titan Prospect

While Carlow anchors the company’s efforts, the Titan Prospect, 2 kilometres northwest, could be the breakout star of Artemis’s portfolio. High-grade gold assays from surface rock chip sampling, including results of 51.8 grams per tonne (g/t) and 41.4 g/t, have drawn attention to this target.

Titan’s gold mineralisation appears associated with a 2-kilometre-long gravity-low anomaly, suggesting a structural or geological system ripe for exploration. Shallow RC drilling at Titan will begin later this quarter, testing both the surface mineralisation and the gravity-low’s deeper potential.

Regional Upside

Artemis hasn’t forgotten its other Pilbara prospects. At Lulu Creek, 20 kilometres west of Carlow, the company recently completed RC drilling to test for intrusion-related gold deposits. While initial assays yielded isolated high-grade hits, further interpretation is underway to determine the next steps.

Artemis is also extending its reach beyond the Pilbara, having applied for an exploration licence over the Cassowary Intrusion in the Eucla Basin. This 340-square-kilometre target is on the radar of major players like BHP and Teck for its potential to host IOCG-style copper-gold deposits.

Well-Funded for Discovery

The $4 million capital raise completed in December has positioned Artemis to hit the ground running. Chairman Guy Robertson highlighted Hanna’s appointment as critical for delivering shareholder value, noting his “proven leadership in discovering and developing tier-one mineral deposits.”

What to Watch

With its aggressive drilling schedule and a new managing director at the helm, Artemis is set for a transformative year. The results from the Marillion anomaly, the Titan Prospect, and the Carlow extensions could be game-changers. Investors will also be eyeing the conceptual mining study, which could crystallise the economic potential of the Carlow deposit.

For Artemis, 2025 promises to be a defining year in its quest to unlock the Pilbara’s riches. With Julian Hanna steering the ship, the company appears well-placed to capitalise on its ambitious vision​​.