Artemis Resources Limited (ASX:ARV) Clarifies Permitting for Radio Hill
Permitting Details
Artemis Resources Limited (ASX:ARV) issued a clarifying statement regarding its quarterly activities report for December 2024. The company addressed inquiries from the ASX about the permitting of the processing plant at Radio Hill. E47/3361, held by subsidiary Elysian Resources Pty Limited, is an exploration licence not involved in Radio Hill’s infrastructure or processing plant. L47/93 is a miscellaneous licence valid until November 2043 for access purposes.
The permitting approvals for Radio Hill include M47/161, M47/337, and M47/7, with no expiry dates. Artemis has granted Greentech Metals Limited an exclusive twelve-month option to assess the feasibility of processing copper ore from Whundo. Limited re-permitting may be needed if the Radio Hill Project Mining Proposal Revision is implemented, which involves adding a gravity gold circuit to the existing processing plant.
Mineral Resource Estimate
The Carlow Castle deposit, on exploration licence E47/1797 and located 35 km from the Radio Hill processing plant, has an inferred mineral resource estimated at 704,000 oz Au Eq at 2.5 g/t Au Eq from 8.74 Mt, combining open pit and underground sources. Artemis emphasizes that no new information materially affects previous market announcements related to Mineral Resource Estimates for the Carlow Gold/Copper Project.
Regulatory Compliance
Artemis outlined the necessary steps for resuming operations at the Radio Hill processing plant, including notifying regulatory authorities, conducting safety inspections, maintaining equipment, and updating risk assessments. The company ensures compliance with environmental regulations and ongoing monitoring and reporting once operations recommence.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.