Artemis Resources Limited - Capital/Financing Update 2014

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ASX Announcement 26 June 2014

ACQUISITION OF GOLD DEPOSIT TO KICKSTART WEST PILBARA GOLD AND BASE METALS EXPLORATION

WEERIANNA GOLD PROJECT AND WEST PILBARA EXPLORATION

Proposed acquisition of ex-Homestake gold project to increase Artemis gold inventory
Contains 70,000 oz gold (Au) Inferred Mineral Resource with potential for significant resource additions
Potential exploration/development synergies with Artemis’ nearby Carlow Castle (40,000oz Au) project
Artemis is a major tenement holder in the West Pilbara with key base metals and gold prospects
Artemis’ exploration has confirmed and identified multiple copper, nickel and gold targets – with drill ready targets defined by Electro-Magnetic (EM) surveys at 13 prospects
A complete review of all geophysical data has been initiated to refine drill hole design
Experienced geologist, Ed Mead, appointed to manage exploration and growth strategy in West Pilbara
Native Title and Aboriginal Heritage Agreement finalised, awaiting Ngarluma Aboriginal Corporation board approval
Rights issue to raise up to $1.1 million to fund Pilbara exploration

Artemis Resources Limited (ASX: ARV) is pleased to announce the acquisition of a 51% interest in the Weerianna Gold Project located less than 5 kilometres west of the town of Roebourne in the Pilbara district, Western Australia (the “Project”) (Figure 1) via the acquisition of 51% of the issued capital of private company Western Metals Pty Ltd. The Company has the option to increase its interest in Western Metals to 80%.

The Project currently hosts an Inferred Mineral Resource of 1 million tonnes at 2.2 g/t Au for a total of 70,000 ounces of gold using a 1.0 g/t Au cut-off grade, estimated in accordance with JORC (2012). Excellent potential exists for a substantial increase in tonnage as the current resource is open at depth and along strike.

The project held by Western Metals was previously owned by Homestake Mining Company (“Homestake”) - a major US gold group that later merged with Barrick Gold Corporation – and the Canadian mining group Noranda Incorporated (“Noranda”). The Company’s acquisition of the West Pilbara gold and base metals portfolio from Legend Mining Limited in 2012 now provides Artemis with the opportunity to consolidate Weerianna into its West Pilbara tenement portfolio.

The Weerianna project is within 7 km of Carlow Castle, a tenement in the Artemis West Pilbara portfolio which currently hosts a JORC Inferred Mineral Resource of 418,000 tonnes at 3.0 g/t Au and 0.6% copper (Cu) for a total contained metal of 40,000 ounces of Au and 2,500 tonnes of Cu (Table 1).

The acquisition of Weerianna is part of an ongoing process of aggregating tenements in the West Pilbara area that are geographically proximate and geologically contiguous with the potential of hosting a volume of resource which is economically viable.

Table 1: West Pilbara Project – JORC (2012) Inferred Resource Table

Project	Cutoff Grade (Aug/t)	Tonnes (t)	Au (g/t)	Cu (%)	Contained Au (oz)	Contained Cu (t)
Weerianna	1.0	1,005,000	2.2	-	70,000	-
Carlow Castle	1.0	418,000	3.0	0.6%	40,000	2,500

*Note: Rounding may result in apparent inconsistencies within this table

On acquisition Artemis’ gold inventory in the West Pilbara will increase to over 100,000 oz Au. The Company’s objective is to delineate a resource of 250,000 to 500,000 oz Au and with exploration drilling to prove up a significant copper or base metals deposit.

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Artemis Resources Limited ABN: 80 107 051 749 Telephone: +61 2 9078 7670 | Facsimile: +61 2 9078 7661 | Email: [email protected] Level 9, 50 Margaret Street, SYDNEY NSW 2000 | PO Box R933 Royal Exchange, NSW 1225 Australia

www.artemisresources.com.au

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Figure 1: Weerianna Gold Project West Pilbara Western Australia – Location and Regional Geology

Benefits of the Weerianna gold project include:

Inferred Mineral Resource of 70,000 oz gold, estimated in accordance with JORC (2012)
Historical gold producer in the 1930s
Significant exploration upside – open along strike and down dip
Granted Mining Lease – allows for possible fast track development
Excellent infrastructure - close to the regional centres of Karratha and Roebourne
Located adjacent to the North West Coastal Highway
Synergies with Artemis’ nearby Carlow Castle gold-copper deposit and other West Pilbara tenements provide potential for cost effective exploration and development

The Project, which is situated in Mining Lease M47/223, is the sole asset of private company, Western Metals Pty Ltd . A 51% stake In Western Metals is to be acquired by Artemis, with an option to acquire an additional 29% (total 80%).

Weerianna Gold Resource

A Mineral Resource estimate incorporating all drilling on the Weerianna Gold Project was undertaken in August 2009 by Geostat Services Pty Ltd (Perth, WA) and resulted in an Inferred Mineral Resource containing 70,000 ounces of gold. This Inferred Mineral Resource was recently reviewed and upgraded to comply with JORC (2012) (see Appendix and Table 2).

Table 2: Weerianna Gold Deposit – Inferred Mineral Resource Estimate (above 1g/t Au)

Material	Tonnes(t)	Au(g/t)	Contained Au(oz)
Oxide	125,000	2.31	9,000
Transitional	710,000	2.16	49,000
Primary	171,000	2.12	12,000
GRAND TOTAL	1,005,000	2.17	70,000

*Note: Rounding may result in apparent inconsistencies within this table

ASX Announcement dated 26 June 2014

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Figure 2: Weerianna Gold Project (M47/223) – Geology and Mineralisation

Key Acquisition Terms

The Weerianna Gold Project is the sole asset of Australian private company Western Metals Pty Ltd. The key terms of the proposed acquisition are as follows:

Artemis to acquire 51% of Western Metals Pty Ltd from the Vendor (an unrelated party to the Company) for 76,562,500 fully paid Artemis shares at a deemed price of $0.004 per share (a premium to current share price), and 76,562,500 unlisted options with exercise price $0.003 and expiry date of 30 June 2016. The Vendor shall be entitled to a free carried interest (in respect of its retained share) up to a decision to mine and a gross royalty of 2%. Artemis has an option to acquire a further 29% to take its interest in Western Metals Pty Ltd to 80%.
The Weerianna tenement is subject to a plaint. The vendor has advised that it has met its minimum expenditure commitment and that the plaint has no merit.

Exploration Program

Artemis also advises that funding for the proposed exploration program at the West Pilbara Project is close to finalisation. Negotiations with underwriters, who will underwrite $500,000 in a rights issue seeking to raise in excess of $1,000,000, have been completed.

Artemis has budgeted for a total of up to $400,000 in exploration spend for the West Pilbara, including the Weerianna and Carlow Castle projects (Figure 4), before the close of this calendar year. It is estimated that targeting of these prospects in a first round drilling campaign will cost approximately $300,000. A further $100,000 will be required to complete Down Hole Electromagnetics (DHEM) to refine conductor locations, depth, size, dip and plunge. The Company then plans to re-rank the prospects, based on drilling and DHEM results at the 13 prospects identified with Electromagnetic (EM) anomalies (Figure 3).

ASX Announcement dated 26 June 2014

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The West Pilbara region hosts a number of nickel, copper and gold deposits, including the Radio Hill nickel sulphide mine, discovered in the 1980s, which was in production up until 2008. There has been limited exploration drilling in the region in recent years, however Artemis believes that there is the potential to discover further base metals and gold deposits by using the latest exploration technology and quality technical expertise.

The Company has initiated a review of all the project’s geophysical data (by Southern Geoscience) and drill hole design and ranking will be prioritised in this review. This will form the basis of a Program of Work (PoW) with drilling to be undertaken once the Native Title and Aboriginal Heritage Agreement (NTA) is finalised, and PoW approved, by the Department of Mines.

The aim of the exploration strategy is to identify base metals or gold prospects that have the potential to become stand alone mineral deposits and/or mines.

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Figure 3: West Pilbara Project VTEM (Electro Magnetic) Image and Priority Base Metal Targets (GDA 94)

In addition to the above, the Company will test the Weerianna deposit with further drilling down dip and along strike with the objective of expanding the resource inventory.

ASX Announcement dated 26 June 2014

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Appointment of Experienced Pilbara Base Metals and Gold Geologist

Artemis has engaged highly experienced geologist, Mr Ed Mead, to manage the Company’s exploration and growth strategy in the West Pilbara. Mr Mead is a geologist with more than 20 years’ experience in gold and base metals exploration, mine development and mine production and previously worked at the nearby Radio Hill Nickel Mine.

Mr Mead holds a degree in Geology from Canterbury University in New Zealand and is a member of the Australian Institute of Mining and Metallurgy. Mr Mead was the Geology Manager for Fox Resources Limited between 2004 and 2007 and has an in depth knowledge of the West Pilbara. He successfully utilised geophysics and geology to identify:

Copper-zinc deposits in the West Pilbara at West Whundo copper mine and Ayshia;
Copper-zinc prospects at Conquest and Sunchaser;
As well as nickel at the Bertram prospect.

His knowledge will allow Artemis to rapidly refocus and take advantage of the substantial work undertaken to date on the Company’s tenements.

Newly appointed exploration consultant, Ed Mead, commented:

“The number of base metal prospects with near surface walk up drill targets within a known mineralised system at Artemis’ expanded West Pilbara Project area presents a compelling exploration story, particularly with a number of the EM conductors being of significant size. I look forward to utilising my depth of knowledge in the region to help Artemis develop the exploration and development potential of this exciting project area.”

Native Title and Aboriginal Heritage Agreement

The West Pilbara Project Area is within the Ngarluma determined native title area. The Ngarluma people are represented by Ngarluma Aboriginal Corporation RNTBC (NAC).

There has been no Native Title and Aboriginal Heritage Agreement (NTA) over the lifetime of these tenements despite negotiations over a number of years.

Since acquiring the West Pilbara tenement portfolio in June 2012, Artemis has negotiated in good faith with NAC, including by participating in mediation. Those negotiations have now concluded, subject to approval of the NTA by the Board of NAC in the coming weeks. The NTA will provide a foundation for the conduct of Aboriginal heritage surveys by the Ngarluma people for Artemis' ground disturbance/drilling exploration programs, allowing Artemis to fully comply with and discharge its obligations under Aboriginal heritage and native title legislation.

Execution of this agreement will be an important milestone for Artemis and will allow, following the conduct of heritage surveys, its drilling campaign to commence.

ASX Announcement dated 26 June 2014

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Figure 4: Location Plan – Artemis West Pilbara tenure and Weerianna Gold Project

ASX Announcement dated 26 June 2014

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Funding

Artemis proposes to undertake a rights issue to primarily fund exploration work in the West Pilbara including the Weerianna Gold Project. The rights issue will seek to raise up to $1.13 million.

The rights issue is underwritten for $500,000. This funding commitment will enable Artemis to kickstart exploration, including drilling, to increase existing resources and confirm the potential of Artemis’ other nickel, copper and gold prospects in the West Pilbara.

Artemis understands that there has been renewed interest in the potential of base metals (nickel and copper) and gold projects in the West Pilbara. A major exploration push is expected in the area with stronger nickel prices, and Artemis, following the $1.13 million capital raise and acquisition, is determined to be a leading company in this development.

Tenement Update

As indicated in the March 2014 quarterly report, Artemis had plaints pending on tenements E47/1797, E47/1745 and E47/1746 in the West Pilbara area.

After a recent hearing, the Warden determined that the expenditure conditions had not been complied with and now proposes to determine whether to impose a fine or order forfeiture in respect of E47/1797 (Carlow Castle). Artemis will oppose forfeiture of E47/1797.

After a recent hearing, the Warden also recommended that exemptions from expenditure applied for in respect of tenements E47/1745 and E47/1746 not be granted. Artemis proposes to file a submission with the Minister of Mines in Western Australia as to why the exemption should be granted. Even if unsuccessful, Artemis will have an opportunity to oppose forfeiture of E47/1745 and E47/1746.

In aggregate, over the last five years Artemis, its subsidiaries and previous owners have expended in excess of the minimum commitments on the tenements which are subject to plaint. Artemis has been restricted from conducting the next phase of exploration, being drilling, due to delays in obtaining access and finalisation of a NTA. The company believes that the key issues have now been resolved and once the NTA has been executed a major drilling campaign can be undertaken.

Artemis has plaints on smaller tenements which are being dealt with in the ordinary course of business.

ASX Announcement dated 26 June 2014

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Table 3: Weerianna Gold Project – List of drillhole details (Local Grid*)

HOLE	Local Grid East(m)	Local Grid North(m)	Local Grid RL(m)	DEPTH (m)	Local Grid AZIMUTH(°)	DIP (°)
WDH001	10916.06	9950.42	32.60	108	180	-60
WDH002	10787.35	10015.53	29.49	128	180	-60
WDH032	10895.00	10080.40	27.16	135	180	-60
WDH103	10850.00	10121.90	25.82	180	180	-60
WDH106	10949.60	10069.80	26.07	141	180	-60
WPH1	10750.00	10040.00	30.00	61	351	-60
WPH2	10900.00	9970.00	30.00	70	108	-60
WPH3	10960.00	10000.00	30.00	79	153	-60
WRC001	9798.80	10164.00	25.50	75	183	-60
WRC002	9999.50	10194.40	25.14	33	179	-60
WRC003	10001.80	10017.00	28.18	78	358	-60
WRC004	10200.10	10025.50	29.33	72	181	-60
WRC005	10199.20	10155.00	25.73	75	181	-60
WRC006	10300.10	10099.80	27.26	66	180	-60
WRC007	10300.20	10059.10	27.99	48	181	-60
WRC008	10300.10	10019.90	29.75	48	182	-60
WRC009	10305.60	9874.60	32.63	48	179	-60
WRC010	10301.20	9849.40	33.45	48	181	-60
WRC011	10505.00	10079.40	26.94	48	181	-60
WRC012	10710.30	10049.80	28.45	48	1	-60
WRC013	10700.30	9935.20	34.50	54	3	-60
WRC014	10799.70	9975.90	31.19	65	1	-60
WRC015	10800.40	10211.20	23.71	48	1	-60
WRC016	10800.00	10050.70	28.04	72	2	-60
WRC017	10799.00	10010.90	29.60	78	1	-60
WRC018	10897.00	10059.80	27.33	78	181	-60
WRC019	10899.80	10030.30	28.56	60	181	-60
WRC020	10899.80	10000.30	29.78	60	182	-60
WRC021	10899.80	9970.30	31.50	60	182	-60
WRC022	10893.70	9940.10	33.04	30	181	-60
WRC023	10599.70	10035.80	29.13	42	181	-60
WRC024	11500.20	10165.20	19.54	77	58	-60
WRC025	11000.00	9979.30	27.86	66	180	-60
WRC026	10999.90	9999.10	27.03	60	180	-60
WRC027	11000.00	10019.10	26.73	60	180	-60
WRC028	10999.90	10039.10	26.26	54	180	-60
WRC029	10940.00	10005.30	28.84	66	180	-60
WRC030	10939.70	10019.90	28.11	54	180	-60
WRC031	10954.90	10039.70	27.03	60	180	-60
WRC033	10849.70	9980.90	30.45	60	180	-60
WRC034	10849.90	10000.80	29.37	60	180	-60
WRC035	10850.00	10020.70	28.59	66	180	-60
WRC036	10850.10	10040.80	28.01	46	180	-60
WRC037	10850.30	10060.90	27.51	60	180	-60
WRC038	10794.80	10001.60	30.13	60	180	-60
WRC039	10794.80	10020.80	29.14	39	180	-60
WRC040	10794.80	10041.40	28.40	60	180	-60
WRC041	10795.00	10061.30	27.77	54	180	-60
WRC042	10750.00	10001.10	29.84	66	180	-60
WRC043	10750.40	10021.40	29.47	44	180	-60

ASX Announcement dated 26 June 2014

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HOLE	Local Grid East(m)	Local Grid North(m)	Local Grid RL(m)	DEPTH (m)	Local Grid AZIMUTH(°)	DIP (°)
WRC044	10750.50	10041.70	28.79	60	180	-60
WRC045	10750.80	10061.70	28.14	62	180	-60
WRC046	10794.60	9980.80	30.95	60	180	-60
WRC047	10800.40	10031.20	28.61	37	360	-60
WRC048	11049.50	9979.70	25.67	69	180	-60
WRC049	11049.70	9999.80	25.06	60	180	-60
WRC050	11052.70	10019.90	24.77	60	180	-60
WRC051	11052.10	10039.60	24.94	60	180	-60
WRC052	10925.50	10030.80	27.90	57	180	-60
WRC053	10875.10	10040.20	28.26	49	180	-60
WRC054	10875.30	10060.20	27.59	62	180	-60
WRC055	10825.00	9991.10	30.40	60	180	-60
WRC056	10825.20	10010.80	29.66	63	180	-60
WRC057	10825.30	10031.10	28.69	60	180	-60
WRC058	10825.50	10051.10	27.90	60	180	-60
WRC059	10825.50	10070.80	27.18	60	180	-60
WRC060	10780.10	9991.10	30.53	60	180	-60
WRC061	10777.30	10010.80	29.72	60	180	-60
WRC062	10775.90	10031.20	29.00	60	360	-60
WRC063	10776.20	10050.90	28.23	60	360	-60
WRC064	10725.00	9990.70	30.88	60	180	-60
WRC065	10725.10	10010.50	29.99	66	180	-60
WRC066	10725.10	10026.20	29.48	60	360	-60
WRC067	10698.60	10030.50	29.15	60	360	-60
WRC068	10675.30	10070.90	28.11	60	360	-60
WRC069	10675.30	10050.60	28.78	60	360	-60
WRC070	10675.10	10030.70	29.52	60	360	-60
WRC071	10624.10	10070.80	28.15	60	360	-60
WRC072	10624.60	10050.50	28.79	60	360	-60
WRC073	10198.90	10059.30	28.11	59	180	-60
WRC074	10198.70	10079.00	28.10	63	180	-60
WRC075	10198.60	10099.10	27.45	44	180	-60
WRC076	10399.40	10039.80	28.11	44	180	-60
WRC077	10399.40	10059.70	27.63	70	180	-60
WRC078	10399.20	10079.40	27.43	64	180	-60
WRC079	10399.20	10099.70	27.26	58	180	-60
WRC080	10494.70	10020.30	28.11	60	180	-60
WRC081	10495.10	10039.90	27.70	60	180	-60
WRC082	10495.30	10059.90	27.21	60	180	-60
WRC083	10496.00	10100.40	26.56	60	180	-60
WRC084	10496.20	10120.00	26.29	55	180	-60
WRC085	10699.60	10010.20	29.97	60	180	-60
WRC086	10700.20	9990.40	31.39	60	180	-60
WRC087	10499.20	10049.50	27.59	64	360	-60
WRC088	10502.00	10139.80	25.96	48	360	-60
WRC089	10502.00	10119.30	26.35	48	360	-60
WRC090	10494.20	9982.20	28.48	65	360	-60
WRC091	10548.40	9960.00	30.28	50	360	-60
WRC092	10564.20	9994.00	29.55	60	360	-60
WRC093	10599.40	9899.20	34.32	65	360	-60
WRC094	10599.50	9919.60	33.37	60	360	-60
WRC095	10148.80	10120.00	26.09	60	180	-60
WRC096	10198.90	10120.00	26.53	65	180	-60

ASX Announcement dated 26 June 2014

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HOLE	Local Grid East (m)	Local Grid North (m)	Local Grid RL(m)	DEPTH (m)	Local Grid AZIMUTH(°)	DIP (°)
WRC097	10249.40	10119.80	26.79	65	180	-60
WRC098	10249.70	10099.60	27.19	65	180	-60
WRC099	10299.20	10119.90	26.93	50	180	-60
WRC100	10326.60	10097.90	27.05	65	180	-60
WRC101	10278.00	10037.50	28.96	65	180	-60
WRC102	10800.30	10091.70	26.82	60	180	-60
WRC104	10899.80	10111.00	25.72	60	180	-60
WRC105	10925.30	10100.20	26.00	64	180	-60
WRC107	10899.70	9935.80	34.05	60	180	-60
WRC108	10852.30	9922.00	34.84	60	180	-60
WRC109	10951.70	9963.10	30.56	65	180	-60
WRC110	10951.90	9982.90	29.26	60	180	-60
WRC111	10975.70	9969.40	29.35	65	180	-60
WRC112	10978.10	9949.60	30.61	65	180	-60
WRC113	10850.40	9941.60	33.46	60	180	-60
WRC114	10475.00	10070.10	27.07	65	360	-60
WRC115	10475.20	10049.80	27.56	60	360	-60
WRC116	10523.20	10069.20	27.21	60	360	-60
WRC117	10525.60	10049.40	27.60	65	360	-60
WRC118	10399.80	9870.30	31.41	60	180	-60
WRC119	10356.80	9880.70	31.86	60	180	-60
WRC120	10356.60	9900.60	30.87	60	180	-60
WRC121	10302.50	9861.70	32.81	60	180	-60
WRC122	10198.80	9849.30	34.16	60	180	-60
WRC123	10197.50	9889.90	33.17	60	180	-60
WRC124	10197.00	9907.50	33.24	60	180	-60
WRC125	11540.30	10137.70	19.71	60	353	-60
WRC126	11729.50	10240.40	18.16	60	360	-60
WRC127	11538.60	10177.50	19.60	60	360	-60
WRC128	9754.10	9625.80	39.38	60	360	-60
WRC129	10540.10	9905.50	30.73	60	360	-60
WRC130	10256.20	9904.00	32.07	60	180	-60
WRC131	10154.50	9891.80	32.16	60	180	-60
WRC132	10249.70	10073.70	27.74	56	180	-60
WRC133	10850.00	10060.00	29.00	119	180	-60
WRC134	10550.00	9930.00	30.50	120	0	-60
WRC135	10800.00	9940.00	32.50	120	0	-60
WRC136	10800.00	9980.00	31.00	120	0	-60
WRC137	10752.00	9940.00	29.50	119	0	-60
WRC138	10750.00	9980.00	29.50	120	0	-60
WRC139	10700.00	9940.00	34.50	120	0	-60
WRC140	10700.00	9980.00	31.50	120	0	-60
WRC141	10555.00	9860.00	31.50	144	0	-60
WRC142	10550.00	10062.00	27.50	80	0	-60
WRC143	10500.00	9860.00	29.50	101	0	-60
WRC144	10500.00	9900.00	29.50	80	0	-60
WRC145	10500.00	9940.00	29.00	80	0	-60
WRC146	10502.00	10020.00	28.00	120	0	-60
WRC147	10600.00	9940.00	29.00	120	0	-60

* The MGA equivalents of the local grid co-ordinates will be confirmed during the due diligence period.

ASX Announcement dated 26 June 2014

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ABOUT ARTEMIS RESOURCES

Artemis Resources Limited is a resources exploration company with a focus on its prospective Mount Clement (gold), Eastern Hills (antimony), Yandal (gold) and West Pilbara (gold and base metals) projects in Western Australia. These projects have significant exploration potential and close proximity to existing important deposits or producing mines. Artemis aims to develop a significant gold inventory through exploration and acquisitions which have the potential to become mines and create shareholder value.

For further information, please contact:

Guy Robertson Executive Director Phone: +61 2 9078 7670 Email: [email protected] Web Site: www.artemisresources.com.au

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Figure 4
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Figure 5: ARV Project Locations

Competent Person Statements

The information in this document that relates to Weerianna Mineral Resources is based on information compiled or reviewed by Mrs Fleur Muller, who is a Member of The Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mrs Muller is a consultant to Artemis Resources Ltd, and is employed by Geostat Services Pty Ltd. Mrs Muller has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mrs Muller consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.

The information in this document that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves at Carlow Castle is based on information compiled by Mr Philip A Jones, who is a Corporate Member of The Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists and independent consultant to the Company. Mr Jones has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Jones consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this document that relates to other Exploration Results is based on information compiled or reviewed by Mr Trevor Woolfe, who is a Member of The Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Woolfe is a consultant to the Company, and is employed by Alexander Cable Pty Ltd. Mr Woolfe has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Woolfe consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

This report contains forecasts, projections and forward looking information. Such forecasts, projections and information are not a guarantee of future performance and involve unknown risks and uncertainties, many of which are out of Artemis’ control. Actual results and developments will almost certainly differ materially from those expressed or implied. Artemis has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. To the maximum extent permitted by applicable laws, Artemis makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for (1) the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this report and (2) without prejudice to the generality of the foregoing, the achievement or accuracy of any forecasts, projections or other forward looking information contained or referred to in this report.

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APPENDIX

JORC Code, 2012 Edition – Table 1: Weerianna

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary Sampling • Nature and quality of sampling (eg cut channels, • Reverse circulation drilling was used to obtain 1m techniques random chips, or specific specialised industry drill chip samples from which a sample was standard measurement tools appropriate to the collected for submission to the laboratory for minerals under investigation, such as down hole analysis. Diamond drillholes were sampled at 1m gamma sondes, or handheld XRF instruments, intervals and half core splits sent to the laboratory. etc). These examples should not be taken as • Samples from each RC interval were collected in a
limiting the broad meaning of sampling. cyclone and split using a 3 level riffle splitter. Wet
• Include reference to measures taken to ensure samples were grab sampled for assay and the sample representivity and the appropriate residual sample left to dry for later resampling if calibration of any measurement tools or systems gold values were returned in the initial grab used.
- Samples from each RC interval were collected in a cyclone and split using a 3 level riffle splitter. Wet samples were grab sampled for assay and the residual sample left to dry for later resampling if gold values were returned in the initial grab sample.
- Several drill campaigns were conducted and samples submitted under different conditions:
Aspects of the determination of mineralisation Several drill campaigns were conducted and that are Material to the Public Report. samples submitted under different conditions:
• In cases where ‘industry standard’ work has • WRC001-WRC024: Composite samples over been done this would be relatively simple (eg 4m were submitted for Au (20gm AAS) at ‘reverse circulation drilling was used to obtain 1 SGS Laboratories, Perth. Anomalous 4m m samples from which 3 kg was pulverised to composite samples were then re-run by fire produce a 30 g charge for fire assay’). In other assay of the individual 1m samples. cases more explanation may be required, such • WRC025-WRC046 had 1m samples sent to
as where there is coarse gold that has inherent SGS Labs for analysis by AAS determination
sampling problems. Unusual commodities or on 20gm samples after aqua regia digestion.
mineralisation types (eg submarine nodules) Samples > 0.5 g/t Au were repeated by fire

may warrant disclosure of detailed information.

 - WRC025-WRC046 had 1m samples sent to SGS Labs for analysis by AAS determination on 20gm samples after aqua regia digestion. Samples > 0.5 g/t Au were repeated by fire assay using a 50gm sample.

		sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.		SGS Labs for analysis by AAS determination on 20gm samples after aqua regia digestion. Samples > 0.5 g/t Au were repeated by fire assay using a 50gm sample.
				• WRC047-WRC086 were subject to a similar
				laboratory analysis as above, with initial AAS
				determination after aqua regia digestion,
				followed by fire assay analysis on samples
				>0.5 g/t Au. Samples returning >5 g/t Au
				were re-checked by fire assay using a re-
				split from the original coarse residue.
				• WRC087-WRC132 had 1m samples sent to
				AAL for analysis by 50gm fire assay.
				• Analysis procedure for WRC133-WRC147 is
				not detailed in technical reports, however, it
				is believed that 1m samples were submitted
				for 50gm fire assay.
*Drilling*	•	Drill type (eg core, reverse circulation, open-hole	•	According to historical annual reports, RC drilling
*techniques*		hammer, rotary air blast, auger, Bangka, sonic,		utilised a nominal 4½ inch diameter face-sampling
		etc) and details (eg core diameter, triple or		hammer.
		standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).	•	Diamond drillholes were drilled using the HQ triple tube method.
*Drill sample*	•	Method of recording and assessing core and	•	Recoveries for diamond holes (DDH) were
*recovery*		chip sample recoveries and results assessed.		recorded by the geologist in the field at the time of
	•	Measures taken to maximise sample recovery &		drilling/logging.
		ensure representative nature of the samples.	•	Recoveries for diamond holes are variable but
	•	Whether a relationship exists between sample		generally poor.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		recovery and grade and whether sample bias	•	As only 5 diamond holes were drilled, analysis
		may have occurred due to preferential loss/gain		was not conducted to determine any relationships
		of fine/coarse material.		between sample recovery and grade.
*Logging*	•	Whether core and chip samples have been	•	Systematic logging describes the drillhole lithology
		geologically and geotechnically logged to a level		and quartz veining to a level of detail to support
		of detail to support appropriate Mineral		appropriate Mineral Resource estimation.
		Resource estimation, mining studies and metallurgical studies.	•	Qualitative logging of samples included (but was not limited to) lithology, mineralogy, veining and
	•	Whether logging is qualitative or quantitative in		weathering.
		nature. Core (or costean, channel, etc) photography.	•	Quantitative information was not available at the time of resource estimation, however this will be
	•	The total length and percentage of the relevant		followed up by due diligence of the database and
		intersections logged.		associated reports.
			•	Every metre (100%) of RC and DD drilling was
				geologically logged and sampled.
*Sub-*	•	If core, whether cut or sawn and whether	•	Details of core sampling have not yet been found
*sampling*		quarter, half or all core taken.		in historical reports but will be covered in due
*techniques* *and sample* *preparation*	• •	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique.	•	diligence. All RC samples were collected in a cyclone and split using a 3 level riffle splitter to maximise and maintain a consistent and representative sample. The majority of samples were dry. Wet RC samples were grab sampled.
	•	Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples.	•	RC sampling methods were to industry standard and appear appropriate for the style of mineralisation.
	•	Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field	•	Limited field duplicates and coarse residue resplits were collected and analysed.
		duplicate/second-half sampling.	•	A sample size of 2-4kg was collected and
	•	Whether sample sizes are appropriate to the grain size of the material being sampled.		considered appropriate and representative for the grain size and style of mineralisation
*Quality of*	•	The nature, quality and appropriateness of the	•	Samples dried, jaw and roll crushed, split and
*assay data*		assaying and laboratory procedures used and		pulverised in a steel mill. Assays from earlier RC
*and*		whether the technique is considered partial or		holes analysed by AAS determination on 20gm
*laboratory*		total.		sample after aqua regia digestion. Samples
*tests*	•	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument		>0.5g/t Au repeated by fire assay on 50g charge. Assays from later RC holes were determined by 50g fire assay.
		make and model, reading times, calibrations	•	Assay and lab techniques were industry standard
		factors applied and their derivation, etc.		at the time of collection and appropriate for the
	•	Nature of quality control procedures adopted (eg		style of mineralisation.
		standards, blanks, duplicates, external	•	No geophysical or hand-held tools were reported
		laboratory checks) and whether acceptable		as being utilised for the drilling programs in
		levels of accuracy (ie lack of bias) and precision		question.
		have been established.	•	Limited field duplicates and coarse residue
				resplits were collected and analysed.
*Verification*	•	The verification of significant intersections by	•	A very small number of coarse residue samples
*of sampling*		either independent or alternative company		(40) were submitted to an umpire laboratory for
*and assaying*		personnel.		independent analysis. The dataset was
	•	The use of twinned holes.		considered too small for meaningful conclusions to be derived.
	•	Documentation ofprimary data, data entry

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		procedures, data verification, data storage	•	No twinning of holes has been conducted to date,
		(physical and electronic) protocols.		according to historical reports.
	•	Discuss any adjustment to assay data.	•	Limited verification was performed by Geostat
				Services at the time of resource estimation in
				2009.
			•	No adjustments of assay data have yet been
				discovered in historical reports.
*Location of*	•	Accuracy and quality of surveys used to locate	•	Drilling was performed prior to 2000 and as such,
*data points*		drill holes (collar and down-hole surveys),		hole locations were surveyed by local contract
		trenches, mine workings and other locations		surveyors, and assumed to be accurate.
		used in Mineral Resource estimation.	•	Downhole surveys using camera in rods for RC
	•	Specification of the grid system used.		holes WRC133-146. Other RC holes to be
	•	Quality and adequacy of topographic control.		reviewed in due diligence. Downhole surveys using Eastman camera for 4 diamond holes
				WDH002, 032, 103, 106.
			•	Grid system used is MGA 94 (Zone 50), with
				conversion of coordinates to a local grid for
				resource estimation and planning.
			•	Topography surface generated from surveyed drill
				collars.
*Data spacing*	•	Data spacing for reporting of Exploration	•	Holes drilled on a total of 18 drill sections with an
*and*		Results.		average 25m spacing along-strike and 20m
*distribution*	•	Whether the data spacing and distribution is		across-strike.
		sufficient to establish the degree of geological	•	Data spacing is considered sufficient for the
		and grade continuity appropriate for the Mineral		establishment and classification of an Inferred
		Resource and Ore Reserve estimation		resource with respect to this style of
		procedure(s) and classifications applied.		mineralisation.
	•	Whether sample compositing has been applied.	•	WRC001-WRC024: Composite 4m samples were
				submitted for analysis. Anomalous 4m composite
				samples were then re-run by fire assay of the
				individual 1m samples. All later RC holes were not
				composited and were sampled at 1m intervals.
*Orientation*	•	Whether the orientation of sampling achieves	•	Most drill holes are planned to intersect the
*of data in*		unbiased sampling of possible structures and		interpreted mineralised structures/lodes as close
*relation to*		the extent to which this is known, considering		to a perpendicular angle as possible (subject to
*geological*		the deposit type.		physical access).
*structure*
	•	If the relationship between the drilling orientation	•	Drilling orientation and subsequent sampling is
		and the orientation of key mineralised structures		unbiased in its representation of reported material.
		is considered to have introduced a sampling
		bias, this should be assessed and reported if
		material.
*Sample*	•	The measures taken to ensure sample security.	•	As the drilling was undertaken from 1986-1996,
*security*				detailed documentation of chain of custody was
				not widespread industry standard at that time.
*Audits or*	•	The results of any audits or reviews of sampling	•	Comparisons were made between aqua regia and
*reviews*		techniques and data.		fire assay (repeat) methods on WRC025 to
				WRC086 to assess reliability. It was considered
				that fire assays are reliable and should replace
				aqua regia assays for resource modelling and
				other applications.
			•	Comparison of 628 repeats with original samples
				show a close and acceptable reconciliation.

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Criteria	JORC Code explanation	Commentary	Commentary
		•	It is acknowledged that there could be variability
			imposed by the use of three different laboratories
			over the various programs and minor variations in
			sampling, preparation and analysis methods.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
*Mineral*	•	Type, reference name/number, location and	•	M47/223 – 100% held by Western Metals Pty
*tenement and*		ownership including agreements or material		Ltd
*land tenure* *status*		issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national	•	Artemis proposing to acquire 80% from Western Metals (see body of this report)
		park and environmental settings.	•	The tenement is in good standing and no known
	•	The security of the tenure held at the time of reporting along with any known impediments to		impediments exist (see map elsewhere in this report for location).
		obtaining a licence to operate in the area.
*Exploration*	•	Acknowledgment and appraisal of exploration	•	Noranda drilled three percussion holes (WPH1-
*done by other*		by other parties.		3) in the period 1978-1985. Between 1986 and
*parties*				1988, a large RC drilling campaign involving
				132 RC holes (WRC01-132) was completed.
				Five diamond drillholes were also drilled using
				HQ triple tube for a total of 462m. In 1988
				Noranda became Pioneer Minerals, then
				Plutonic Gold in 1990; which was subsequently
				taken over in 1998 by Homestake Gold Mining.
			•	In 1990, Homestake completed a preliminary
				sectional resource estimate of 238,300t @
				3.49g/t Au, using a 1g/t Au lower cut-off and a
				specific gravity of 2.0 down to a depth of 50-
				60m. This was followed by a further 15 RC
				drillholes (WRC133-147) drilled in 1996/97 to
				test the depth and strike extent of the known
				mineralisation.
*Geology*	•	Deposit type, geological setting and style of	•	The geological setting of the Weerianna gold
		mineralisation.		deposit is within a chert-ultramafic schist
				sequence between two basaltic terrains. The
				deposit lies on the overturned eastern limb of an
				east-northeast trending syncline, located
				northwest of the main regional anticlinal
				structure. Mineralisation at Weerianna is
				associated with quartz veins within chlorite-
				serpentinite schists with variable degrees of
				silicification and carbonate alteration. Quartz
				veining is controlled by the schistosity, which
				forms parallel to the bedding orientation of the
				host rocks.
*Drill hole*	•	A summary of all information material to the	•	Drillhole details are listed in Table 3 in the report
*Information*		understanding of the exploration results		above.
		including a tabulation of the following information for all Material drill holes:	•	Details are provided in local grid co-ordinates. The MGA equivalents are being confirmed
		`o` easting and northing of the drill hole collar		during the due diligence period.
		`o` elevation or RL (Reduced Level – elevation
		above sea level in metres) of the drill hole
		collar
		`o` dip and azimuth of the hole

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Criteria	JORC Code explanation	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		`o` down hole length and interception depth
		`o` hole length.
	•	If the exclusion of this information is justified on
		the basis that the information is not Material and
		this exclusion does not detract from the
		understanding of the report, the Competent
		Person should clearly explain why this is the
		case.
*Data*	•	In reporting Exploration Results, weighting		•	No exploration results are reported in this
*aggregation*		averaging techniques, maximum and/or			announcement.
*methods*		minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.		•	Exploration results have been reported previously in historical annual reports as length- weighted averages. An example would be from
	•	Where	aggregate intercepts incorporate short		WRC-17 as follows:
		lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some			From (m) To (m) Au_Ave 47 48 9 48 49 4.805
		typical examples of such aggregations should			49 50 1.46
		be shown in detail.			50 51 1.07
	•	The assumptions used for any reporting of metal equivalent values should be clearly stated.		Weighted average= ((1x9)+(1x4.805)+(1x1.46)+(1x1.07))/(1+1+1+1) = 4m at 4.09 g/t Au
				•	No metal equivalents are used for reporting.
*Relationship*	•	These relationships are particularly important in		•	Specific exploration results and intercept
*between*		the reporting of Exploration Results.			lengths are not provided in this release.
*mineralisation*
*widths and*	•	If the geometry of the mineralisation with		•	Where possible, drillholes were aligned to
*intercept lengths*		respect to the drill hole angle is known, its nature should be reported.			intersect the mineralisation as close to perpendicular as possible, thus reflecting close
	•	If it is not known and only the down hole lengths			to true width.
		are reported, there should be a clear statement
		to this effect (eg ‘down hole length, true width
		not known’).
*Diagrams*	•	Appropriate maps and sections (with scales)		•	A planview of drillhole collar locations and
		and tabulations of intercepts should be included			schematic cross section are shown below.
		for any	significant discovery being reported
		These should include, but not be limited to a
		plan view of drill hole collar locations and
		appropriate sectional views.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary

*Balanced*	•	Where comprehensive reporting of all	•	It is not practical to report all exploration results.
*reporting*		Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	•	Exploration results of all drilling have been reported in historical annual reports where the length-weighted average has exceeded 1g/t Au. Holes where no significant assays have been returned have also been reported.
*Other*	•	Other exploration data, if meaningful and	•	No other significant exploration work has been
*substantive*		material, should be reported including (but not		done by Artemis or Western Metals Pty Ltd to
*exploration data*		limited to): geological observations; geophysical		date.
		survey results; geochemical survey results; bulk
		samples – size and method of treatment;
		metallurgical test results; bulk density,
		groundwater, geotechnical and rock
		characteristics; potential deleterious or
		contaminating substances.
*Further work*	•	The nature and scale of planned further work	•	Subject to completion of the proposed
		(eg tests for lateral extensions, depth		acquisition, Artemis will plan to undertake initial
		extensions or large-scale step-out drilling).		review of all existing data for the project and
	•	Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling		define a work program to assess the exploration potential and design additional drilling to confirm and expand the existing resource.
		areas, provided this information is not	•	The resource is open at depth, and also
		commercially sensitive.		between the respective mineralisation zones.
				Diagrams will be provided once Artemis has
				completed its reviews and planning.

Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1 also apply to this section.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Database	•	Measures taken to ensure that data has not been	•	An Access 2007 database and Excel files were
integrity		corrupted by, for example, transcription or keying		supplied to Geostat Services for use in the
		errors, between its initial collection and its use for		2009 resource estimate.
		Mineral Resource estimation purposes.	•	Data validaton steps included, but were not
	•	Data validation procedures used.		limited to the following:
				- Validation through database

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				constraints eg overlapping/missing
				intervals, intervals exceeding
				maximum depth, missing assays.
				- Validation through 3D visualisation in
				3D software to check for any obvious
				collar, downhole survey, or assay
				import errors.
			•	Limited random checks were conducted
				between reported assays in annual reports
				with those supplied to Geostat.
Site visits	•	Comment on any site visits undertaken by the	•	Geostat did not undertake a site visit, as the
		Competent Person and the outcome of those visits.		original intention of the resource estimate was
	•	If no site visits have been undertaken indicate why this is the case.		for a private company and not for public release.
Geological	•	Confidence in (or conversely, the uncertainty of )	•	The confidence in the geological interpretation
interpretation		the geological interpretation of the mineral deposit.		is considered to be relatively good.
	•	Nature of the data used and of any assumptions	•	Detailed geological logging and surface
		made.		mapping allow extrapolations of mineralisation
	•	The effect, if any, of alternative interpretations on		intersections from section to section.
		Mineral Resource estimation.	•	The Mineral Resource is relatively robust and
	•	The use of geology in guiding and controlling Mineral Resource estimation.		well-defined from existing drillholes, and as such, alternative interpretations will result in similar tonnage and grade.
	•	The factors affecting continuity both of grade and geology.	•	Geological boundaries generally correspond well with the spatial locations of the
				mineralisation.
			•	Quartz vein zones associated with schistosity
				are interpreted to be the key factors affecting
				mineralisation continuity.
Dimensions	•	The extent and variability of the Mineral Resource	•	Four mineralisation zones comprise the
		expressed as length (along strike or otherwise),		deposit with an overall E-W trend and steep
		plan width, and depth below surface to the upper		dip of approximately -80° towards grid south.
		and lower limits of the Mineral Resource.	•	The combined mineralisation zones extend
				over 600m along strike, with maximum down-
				dip extent of 110m.
Estimation and	•	The nature and appropriateness of the estimation	•	The Mineral Resource was estimated using
modelling		technique(s) applied and key assumptions,		ordinary kriging (OK) interpolation in Surpac
techniques		including treatment of extreme grade values,		mining software.
		domaining, interpolation parameters and maximum distance of extrapolation from data points. If a computer assisted estimation method was chosen include a description of computer software and parameters used.	•	Four distinct mineralisation zones comprise the deposit with an overall E-W trend and steep dip of approximately -80° towards grid south. 16 wireframes were delineated from sectional outlines to represent all mineralisation within
	•	The availability of check estimates, previous		these zones. Each wireframe was treated as a
		estimates and/or mine production records and		separate interpolation domain, with
		whether the Mineral Resource estimate takes		interpolation of grades limited to blocks within
		appropriate account of such data.		each domain (wireframe).
	•	The assumptions made regarding recovery of by-	•	A top-cut of either 10 or 20 g/t Au was applied
		products.		to selected lodes where the coefficient of
	•	Estimation of deleterious elements or other non- grade variables of economic significance (eg		variation was high and/or there was a large variance present.
		sulphur for acid mine drainage characterisation).	•	A minimum of 4 composites and a maximum of

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
	•	In the case of block model interpolation, the block		25 composites were used in interpolation of
		size in relation to the average sample spacing and		grades into blocks.
		the search employed.	•	A block model of parent cell size 4m (N) x
	•	Any assumptions behind modelling of selective		12.5m (E) x 5m (RL) sub-celled to 1m x 6.25m
		mining units.		x 2.5m was used for resource estimation.
	•	Any assumptions about correlation between	•	Search ellipses for initial interpolation of
		variables.		grades comprised 50m x 25m x 10m. A
	•	Description of how the geological interpretation was used to control the resource estimates.		second subsequent interpolation pass was employed with expanded search ellipses in order to fill blocks in areas of sparse drill
	•	Discussion of basis for using or not using grade		density within the lodes.
		cutting or capping.	•	2 earlier non-JORC compliant resource
	•	The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation data if available.		estimates were available for comparison, albeit with smaller datasets and were consistent given the drilling at the time in comparison with the current Geostat estimate.
			•	No assumptions have been made regarding
				recovery of by-products.
			•	No estimation of any deleterious elements has
				been made.
			•	A combination of assays and lithology were
				used to define the wireframe envelopes, with a
				cut-off of approximately 0.5 g/t Au to separate
				mineralisation from waste.
			•	The resource estimate was validated by visual
				validations on screen, global statistical
				comparisons of input composite grades and
				block grades, and local grade/depth graphical
				relationships.
Moisture	•	Whether the tonnages are estimated on a dry basis	•	Tonnages are estimated on a dry basis.
		or with natural moisture, and the method of
		determination of the moisture content.
Cut-off	•	The basis of the adopted cut-off grade(s) or quality	•	A nominal cut-off of 1.0g/t Au corresponds with
parameters		parameters applied.		the visual mineralisation as determined by
				quartz veining within schistosity and effectively
				maps the mineralised zones. This cut-off was
				also chosen to reflect reasonable prospect for
				economic extraction at the appropriate grade
				population.
Mining factors	•	Assumptions made regarding possible mining	•	The mining scenario of the deposit as shown
or assumptions		methods, minimum mining dimensions and internal		to be economically viable would likely be a
		(or, if applicable, external) mining dilution. It is		small open pit. Geostat has not fully assessed
		always necessary as part of the process of		the potential mining parameters. Further
		determining reasonable prospects for eventual		studies are planned to address possible
		economic extraction to consider potential mining		mining scenarios given current economic
		methods, but the assumptions made regarding		factors.
		mining methods and parameters when estimating
		Mineral Resources may not always be rigorous.
		Where this is the case, this should be reported with
		an explanation of the basis of the mining
		assumptions made.
Metallurgical	•	The basis for assumptions or predictions regarding	•	Geostat is not aware of specific metallurgical
factors or		metallurgical amenability. It is always necessary as		testwork to date at Weerianna.
assumptions		part of the process of determining reasonable prospects for eventual economic extraction to	•	It is thought that simple CIL/CIP gold recovery

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		consider potential metallurgical methods, but the		methods may be appropriate but is yet to be
		assumptions regarding metallurgical treatment		confirmed.
		processes and parameters made when reporting
		Mineral Resources may not always be rigorous.
		Where this is the case, this should be reported with
		an explanation of the basis of the metallurgical
		assumptions made.
Environmental	•	Assumptions made regarding possible waste and	•	No assumptions at this stage in regards to
factors or		process residue disposal options. It is always		environmental factors or assumptions have
assumptions		necessary as part of the process of determining		been made.
		reasonable prospects for eventual economic
		extraction to consider the potential environmental
		impacts of the mining and processing operation.
		While at this stage the determination of potential
		environmental impacts, particularly for a
		greenfields project, may not always be well
		advanced, the status of early consideration of
		these potential environmental impacts should be
		reported. Where these aspects have not been
		considered this should be reported with an
		explanation of the environmental assumptions
		made.
Bulk density	•	Whether assumed or determined. If assumed, the basis for the assumptions. If determined, the	•	An assumed density of 2.2t/m3(oxide), 2.6t/m3 (transitional) and 2.8t/m3(primary) was used to
		method used, whether wet or dry, the frequency of		estimate resource block tonnage for all lodes.
		the measurements, the nature, size and		These are considered to be in line with
		representativeness of the samples.		regional estimates.
	•	The bulk density for bulk material must have been	•	No bulk density measurements have been
		measured by methods that adequately account for		conducted to date. This is planned as a priority
		void spaces (vugs, porosity, etc), moisture and		to validate current assumed densities.
		differences between rock and alteration zones within the deposit.	•	A digital terrain model (DTM) has been used to discriminate between the oxide, transitional
	•	Discuss assumptions for bulk density estimates		and primary boundaries and is based on
		used in the evaluation process of the different		geological logging of the drill holes.
		materials.
Classification	•	The basis for the classification of the Mineral	•	Mineral Resources have been classified in the
		Resources into varying confidence categories.		Inferred category in accordance with the JORC
	•	Whether appropriate account has been taken of all relevant factors (ie relative confidence in tonnage/grade estimations, reliability of input data, confidence in continuity of geology and metal values, quality, quantity and distribution of the		Code 2012 guidelines. Classification of the resource involved several criteria, including drillhole spacing, sampling density, sampling locations, lode geometry, QAQC, bulk density and confidence in grade continuity.
		data).	•	Lodes were classified as Inferred on the basis
	•	Whether the result appropriately reflects the Competent Person’s view of the deposit.		of the above criteria and this is considered appropriate given the existing data.
			•	The resource estimate and classification result
				reflects the view of the Competent Person.
Audits or	•	The results of any audits or reviews of Mineral	•	No audits or reviews of the Geostat resource
reviews		Resource estimates.		have been conducted to date. Artemis plans to
				conduct a full review of the Mineral Resource.
Discussion of	•	Where appropriate a statement of the relative	•	The relative accuracy of the Mineral Resource
relative		accuracy and confidence level in the Mineral		is reflected in the classification of the Mineral
accuracy/		Resource estimate using an approach or		Resource in the Inferred category as per the
confidence		procedure deemed appropriate by the Competent		guidelines of the 2012 JORC Code.
		Person. For example, the application of statistical orgeostatisticalprocedures toquantify the relative	•	Relative accuracy and confidence has been

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JORC Code explanation	JORC Code explanation	Commentary	Commentary
	accuracy of the resource within stated confidence		assessed through validation of the model as
	limits, or, if such an approach is not deemed		outlined above.
	appropriate, a qualitative discussion of the factors that could affect the relative accuracy and confidence of the estimate.	•	The Mineral Resource statement reflects the assumed accuracy and confidence as a global estimate.
•	The statement should specify whether it relates to global or local estimates, and, if local, state the relevant tonnages, which should be relevant to technical and economic evaluation. Documentation should include assumptions made and the	•	Details of historical production and the exact location of extraction are not available and hence are not appropriate to compare to this most recent resource estimate.
	procedures used.
•	These statements of relative accuracy and
	confidence of the estimate should be compared
	with production data, where available.

JORC Code, 2012 Edition – Table 2: Carlow Castle

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Sampling	•	Nature and quality of sampling (eg cut channels,	•	The only samples used in the resource
techniques		random chips, or specific specialised industry		estimate are splits of chips collected during
		standard measurement tools appropriate to the		Reverse Circulation (RC) drilling and split
		minerals under investigation, such as down hole		diamond core.
		gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	•	No records available on actual splitting and sampling or QA/QC procedures followed.
	•	Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.	•	All drill holes were sampled the whole length of the holes. The RC samples were taken at fixed 1m intervals however the diamond core sample intervals appear to have been governed by logged lithologies.
	•	Aspects of the determination of mineralisation that are Material to the Public Report.	•	No details are available on the assay methods used for the diamond drill core however the
	•	In cases where ‘industry standard’ work has been		RC drill samples were analysed by Genalysis
		done this would be relatively simple (eg ‘reverse		Labs using the B/AAS method (Aqua Regia
		circulation drilling was used to obtain 1 m samples		digest (10g charge)/Atomic Absorption
		from which 3 kg was pulverised to produce a 30 g		Spectroscopy finish).
		charge for fire assay’). In other cases more
		explanation may be required, such as where there
		is coarse gold that has inherent sampling
		problems. Unusual commodities or mineralisation
		types (eg submarine nodules) may warrant
		disclosure of detailed information.
Drilling	•	Drill type (eg core, reverse circulation, open-hole	•	All the drilling used in the resource modelling
techniques		hammer, rotary air blast, auger, Bangka, sonic,		was RC drilling and diamond drilling. No
		etc) and details (eg core diameter, triple or		records available describing the drilling
		standard tube, depth of diamond tails, face-		procedures followed.
		sampling bit or other type, whether core is oriented
		and if so, by what method, etc).
Drill sample	•	Method of recording and assessing core and chip	•	No records are available describing the sample
recovery		sample recoveries and results assessed.		qualities and recoveries.
	•	Measures taken to maximise sample recovery and
		ensure representative nature of the samples.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
	•	Whether a relationship exists between sample
		recovery and grade and whether sample bias may
		have occurred due to preferential loss/gain of
		fine/coarse material.
Logging	•	Whether core and chip samples have been	•	No geological logs available for drilling
		geologically and geotechnically logged to a level of		samples. The mineralisation is however
		detail to support appropriate Mineral Resource		controlled by shears easily recognised by
		estimation, mining studies and metallurgical		assay results.
		studies.
	•	Whether logging is qualitative or quantitative in
		nature. Core (or costean, channel, etc)
		photography.
	•	The total length and percentage of the relevant
		intersections logged.
Sub-sampling	•	If core, whether cut or sawn and whether quarter,	•	No details available on sampling methods
techniques and		half or all core taken.		used.
sample preparation	•	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.
	•	For all sample types, the nature, quality and
		appropriateness of the sample preparation
		technique.
	•	Quality control procedures adopted for all sub-
		sampling stages to maximise representivity of
		samples.
	•	Measures taken to ensure that the sampling is
		representative of the in situ material collected,
		including for instance results for field
		duplicate/second-half sampling.
	•	Whether sample sizes are appropriate to the grain
		size of the material being sampled.
Quality of	•	The nature, quality and appropriateness of the	•	Copies of “original” laboratory assay results as
assay data and		assaying and laboratory procedures used and		spread sheets are only available for RC
laboratory tests		whether the technique is considered partial or total.		drilling. These records indicate that normal
	•	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors		laboratory QA/QC procedures were followed with regular insertion of standards and blanks and duplicates. Repeatability was within expected limits.
		applied and their derivation, etc.
	•	Nature of quality control procedures adopted (eg
		standards, blanks, duplicates, external laboratory
		checks) and whether acceptable levels of accuracy
		(ie lack of bias) and precision have been
		established.
Verification of	•	The verification of significant intersections by either	•	No independent verification of the data was
sampling and		independent or alternative company personnel.		made by AM&A.
assaying	•	The use of twinned holes.	•	No twinned holes have been drilled to check
	•	Documentation of primary data, data entry		quality of original drilling.
		procedures, data verification, data storage	•	No documentation of data collection, data
		(physical and electronic) protocols.		entry, data verification procedures and data
	•	Discuss any adjustment to assay data.		storage protocols available.
Location of	•	Accuracy andquality of surveys used to locate drill	•	No records available describingthe method(s)

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
data points		holes (collar and down-hole surveys), trenches,		used to survey drill hole collars. The accuracy
		mine workings and other locations used in Mineral		of drill hole collar surveys cannot be verified.
		Resource estimation.
	•	Specification of the grid system used.
	•	Quality and adequacy of topographic control.
Data spacing	•	Data spacing for reporting of Exploration Results.	•	AM&AA believe that the spacing of the drilling
and distribution	•	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation		along the shears at Carlow Castle South, on sections at approximately 50m spacing, is sufficient for an Inferred resource estimate only.
		procedure(s) and classifications applied.	•	Since the bulk of the sampling used in the
	•	Whether sample compositing has been applied.		resource estimates, the RC drilling, is sampled at fixed 1m intervals there was no sample
				compositing.
Orientation of	•	Whether the orientation of sampling achieves	•	The intersection angle of the drilling with
data in relation		unbiased sampling of possible structures and the		respect to the mineralisation was variable, but
to geological		extent to which this is known, considering the		generally at approximately 50-70 degrees,
structure		deposit type.		making most drill intersections longer than the
	•	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.		true width of the mineralisation. The resource modelling software uses the data in 3D and so compensates for the wider apparent thicknesses.
Sample	•	The measures taken to ensure sample security.	•	No records are available describing the
security				procedures followed to ensure sample security
				so tampering is possible.
Audits or	•	The results of any audits or reviews of sampling	•	There have been no audits or reviews of the
reviews		techniques and data.		sampling techniques or data.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary
Mineral tenement and land tenure status • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	• The resource lies entirely within 47/1797-1 which is registered with Legend Mining Limited and is due to expire on 6/5/2018 after being extended from 6/5/2013. Artemis Resources Ltd, through its wholly owned subsidiary KML No. 2 Pty Ltd, purchased the tenement from Legend Mining Ltd on the 12th June 2012. At the time of this report ownership of licence 47/1797-I was in the process of being transferred to Artemis Mining Ltd through the Western Australian Department of Mines and Petroleum.
Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties.	• The RC drilling which makes up most of the sampling data used for the resource estimate was carried out by Legend Mining Limited
Geology • Deposit type, geological setting and style of mineralisation.	• The gold/copper mineralisation is structurally controlled by faulting in basalts and may be related to nearby dolerite intrusion
Drill hole Information • A summary of all information material to the understanding of the exploration	Series	Type	Company	Year Drilled	No. Holes	Total Depth

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Criteria JORC Code explanation	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary
results including a tabulation of the following information for all Material drill holes: `o` easting and northing of the drill hole collar `o` elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar `o` dip and azimuth of the hole `o` down hole length and interception depth `o` hole length. • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.	CC	RC	Legend	1995-2000	64	4,182.00
	CT	?	?	?	5	305.00
	DDH	Diamond	Consolidated Goldfields	1969	4	429.50
	PDH	Rotary Percussion	Amax	1972	12	255.50

	TOTAL				85	5,172.00
Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated.	• All intersections quoted in text are length weighted averages and all resource estimates are tonnage weighted averages • All resource grades quoted are for gold and copper individually. Au ppm + Cu% was used to determine modelling limits since Au ppm has an approximate equal contained metal value as Cu%.
Relationship between mineralisation widths and intercept lengths • These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’).	• The resource modelling was carried out in 3D and all apparent widths accounted for in the estimation method.
Diagrams • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	•
Balanced reporting • Where comprehensive reporting of all Exploration Results is not practicable,	•

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		representative reporting of both low and
		high grades and/or widths should be
		practiced to avoid misleading reporting of
		Exploration Results.
Other	•	Other exploration data, if meaningful and	•	No other exploration data other than local geology maps
substantive		material, should be reported including		were considered in the resource estimate.
exploration		(but not limited to): geological
data		observations; geophysical survey results;
		geochemical survey results; bulk samples
		– size and method of treatment;
		metallurgical test results; bulk density,
		groundwater, geotechnical and rock
		characteristics; potential deleterious or
		contaminating substances.
Further work	•	The nature and scale of planned further	•	Further detailed mapping, trenching, geochemical
		work (eg tests for lateral extensions or		sampling and infill drilling was recommended, especially
		depth extensions or large-scale step-out		to test potential for high grade mineralisation at the
		drilling).		intersection of two major shear trends (EW with NS).
	•	Diagrams clearly highlighting the areas of
		possible extensions, including the main
		geological interpretations and future
		drilling areas, provided this information is
		not commercially sensitive.

Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to this section.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Database	•	Measures taken to ensure that data has not been	•	Data used as received but checked for Hole ID
integrity		corrupted by, for example, transcription or keying		and sample interval errors by MineMap ©
		errors, between its initial collection and its use for		software. Some RC sample assays in
		Mineral Resource estimation purposes.		database were checked against laboratory
	•	Data validation procedures used.		spread sheets and no errors were found.
Site visits	•	Comment on any site visits undertaken by the	•	No representative from AM&A has visited the
		Competent Person and the outcome of those visits.		site. It was not considered necessary for an
	•	If no site visits have been undertaken indicate why this is the case.		Inferred resource estimate considering that the deposit modelled has a thin Quaternary soil cover making it impossible to view fresh
				outcrop.
Geological	•	Confidence in (or conversely, the uncertainty of )	•	The mineralisation is controlled by shears
interpretation		the geological interpretation of the mineral deposit.		dipping steeply to the north with some higher
	•	Nature of the data used and of any assumptions made.		grade mineralisation may be located at the intersection of the main EW structures with mineralised NS shears. The mineralisation
	•	The effect, if any, of alternative interpretations on Mineral Resource estimation.		cannot be mapped at the surface due to soil cover however can be confidently interpreted
				from drilling data. Some supergene effects
	•	The use of geology in guiding and controlling		may have remobilised and possibly enriched
		Mineral Resource estimation.		some of the mineralisation in the upper
	•	The factors affecting continuity both of grade and		oxidised zone.
		geology.
Dimensions	•	The extent and variability of the Mineral Resource	•	The mineralisation is not properly closed off
		expressed as length (along strike or otherwise),		along strike or down dip.
		plan width, and depth below surface to the upper
		and lower limits of the Mineral Resource.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Estimation and	•	The nature and appropriateness of the estimation	•	The resource modelling was done with
modelling		technique(s) applied and key assumptions,		MineMap © software by interpolating grades
techniques		including treatment of extreme grade values,		into a digital block model using an Inverse
		domaining, interpolation parameters and maximum		Distance Cubed (ID3) algorithm confined by
		distance of extrapolation from data points. If a		wire framing of the >0.5 Au ppm + Cu%
		computer assisted estimation method was chosen		mineralised zones with 50m search radii along
		include a description of computer software and		and across strike and 20m up and down dip.
		parameters used.	•	AM&A considers that these modelling
	•	The availability of check estimates, previous		parameters are appropriate for an Inferred
		estimates and/or mine production records and		resource of the type and style of mineralisation
		whether the Mineral Resource estimate takes		being modelled.
		appropriate account of such data.
	•	The assumptions made regarding recovery of by-
		products.
	•	Estimation of deleterious elements or other non-
		grade variables of economic significance (eg
		sulphur for acid mine drainage characterisation).
	•	In the case of block model interpolation, the block
		size in relation to the average sample spacing and
		the search employed.
	•	Any assumptions behind modelling of selective
		mining units.
	•	Any assumptions about correlation between
		variables.
	•	Description of how the geological interpretation
		was used to control the resource estimates.
	•	Discussion of basis for using or not using grade
		cutting or capping.
	•	The process of validation, the checking process
		used, the comparison of model data to drill hole
		data, and use of reconciliation data if available.
Moisture	•	Whether the tonnages are estimated on a dry basis	•	All tonnes and grades are on a dry basis.
		or with natural moisture, and the method of
		determination of the moisture content.
Cut-off	•	The basis of the adopted cut-off grade(s) or quality	•	The resource modelling was confined by wire
parameters		parameters applied.		framing of the >0.5 Au ppm + Cu% mineralised
				zones.
			•	Au ppm + Cu% was used to determine
				modelling limits since Au ppm has an
				approximate equal contained metal value as
				Cu%.
Mining factors	•	Assumptions made regarding possible mining	•	No mining factors were considered for the
or assumptions		methods, minimum mining dimensions and internal		resource estimate although it was assumed
		(or, if applicable, external) mining dilution. It is		that it is most likely that if the deposit is
		always necessary as part of the process of		eventually mined it will be mined using the
		determining reasonable prospects for eventual		open pit mining method.
		economic extraction to consider potential mining
		methods, but the assumptions made regarding
		mining methods and parameters when estimating
		Mineral Resources may not always be rigorous.
		Where this is the case, this should be reported with
		an explanation of the basis of the mining
		assumptions made.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Metallurgical	•	The basis for assumptions or predictions regarding	•	Only basic gravity and floatation/cyanidation
factors or		metallurgical amenability. It is always necessary as		testing was done on representative samples
assumptions		part of the process of determining reasonable		collected from the mineralised zone. This
		prospects for eventual economic extraction to		testing showed that gravity and cyanidation will
		consider potential metallurgical methods, but the		recover most of the contained gold.
		assumptions regarding metallurgical treatment
		processes and parameters made when reporting
		Mineral Resources may not always be rigorous.
		Where this is the case, this should be reported with
		an explanation of the basis of the metallurgical
		assumptions made.
Environmen-tal	•	Assumptions made regarding possible waste and	•	No environmental factors were considered
factors or		process residue disposal options. It is always		however the tenement has sufficient suitable
assumptions		necessary as part of the process of determining		area to accommodate a small mining and
		reasonable prospects for eventual economic		processing operation including provision for
		extraction to consider the potential environmental		waste disposal.
		impacts of the mining and processing operation. While at this stage the determination of potential environmental impacts, particularly for a greenfields project, may not always be well advanced, the status of early consideration of these potential environmental impacts should be	•	There are no obvious especially environmentally sensitive areas in the vicinity of the deposit although the usual impact studies and government environmental laws and regulations will need to be complied with.
		reported. Where these aspects have not been
		considered this should be reported with an
		explanation of the environmental assumptions
		made.
Bulk density	•	Whether assumed or determined. If assumed, the	•	An bulk density of 2.0 was used in the
		basis for the assumptions. If determined, the		assumed oxide zone and 2.6 in the primary
		method used, whether wet or dry, the frequency of		zone. These values are typical, if slightly
		the measurements, the nature, size and		conservative, for the rock types found at
		representativeness of the samples.		Carlow Castle South. Further test work is
	•	The bulk density for bulk material must have been measured by methods that adequately account for void spaces (vugs, porosity, etc), moisture and differences between rock and alteration zones		essential on representative samples of the rock types found at Carlow Castle South before any further resource modelling is carried out
		within the deposit.
	•	Discuss assumptions for bulk density estimates
		used in the evaluation process of the different
		materials.
Classification	•	The basis for the classification of the Mineral	•	The resource was classified by AM&A as
		Resources into varying confidence categories.		Inferred based on the spacing of the drilling
	•	Whether appropriate account has been taken of all		and quality of the data used in the estimation.
		relevant factors (ie relative confidence in	•	AM&A believes that this classification to be
		tonnage/grade estimations, reliability of input data,		appropriate.
		confidence in continuity of geology and metal
		values, quality, quantity and distribution of the
		data).
	•	Whether the result appropriately reflects the
		Competent Person’s view of the deposit.
Audits or	•	The results of any audits or reviews of Mineral	•	No audits or reviews of the Mineral Resource
reviews		Resource estimates.		Estimates have been made.
Discussion of	•	Where appropriate a statement of the relative	•	The drill hole spacing is too wide to provide
relative		accuracy and confidence level in the Mineral		sufficient confidence in the resource estimate
accuracy/		Resource estimate using an approach or		for a higher level resource category. The
confidence		procedure deemed appropriate by the Competent		quality of the data is considered to be
		Person. For example, the application of statistical		reasonable for a resource estimate but

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JORC Code explanation	JORC Code explanation	Commentary	Commentary
	or geostatistical procedures to quantify the relative		unfortunately due to the lack of adequate
	accuracy of the resource within stated confidence		reporting the QA/QC of this data cannot be
	limits, or, if such an approach is not deemed		confirmed.
	appropriate, a qualitative discussion of the factors that could affect the relative accuracy and	•	All quoted estimates are global for the deposit.
	confidence of the estimate.	•	No mine production has been recorded at the
•	The statement should specify whether it relates to		deposit.
	global or local estimates, and, if local, state the
	relevant tonnages, which should be relevant to
	technical and economic evaluation. Documentation
	should include assumptions made and the
	procedures used.
•	These statements of relative accuracy and
	confidence of the estimate should be compared
	with production data, where available.

ASX Announcement dated 26 June 2014

AI assistant

Artemis Resources Limited Capital/Financing Update 2014

10429_rns_2014-06-25_b918d506-874d-486d-8d9e-2fa1cfc89ad9.pdf

ASX Announcement 26 June 2014

ACQUISITION OF GOLD DEPOSIT TO KICKSTART WEST PILBARA GOLD AND BASE METALS EXPLORATION

WEERIANNA GOLD PROJECT AND WEST PILBARA EXPLORATION

Weerianna Gold Resource

Key Acquisition Terms

Exploration Program

Appointment of Experienced Pilbara Base Metals and Gold Geologist

Native Title and Aboriginal Heritage Agreement

Funding

Tenement Update

ABOUT ARTEMIS RESOURCES

For further information, please contact:

Competent Person Statements

Forward Looking Statements

APPENDIX

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Section 3 Estimation and Reporting of Mineral Resources

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

AI assistant

Artemis Resources Limited — Capital/Financing Update 2014

10429_rns_2014-06-25_b918d506-874d-486d-8d9e-2fa1cfc89ad9.pdf

ASX Announcement 26 June 2014

ACQUISITION OF GOLD DEPOSIT TO KICKSTART WEST PILBARA GOLD AND BASE METALS EXPLORATION

WEERIANNA GOLD PROJECT AND WEST PILBARA EXPLORATION

Weerianna Gold Resource

Key Acquisition Terms

Exploration Program

Appointment of Experienced Pilbara Base Metals and Gold Geologist

Native Title and Aboriginal Heritage Agreement

Funding

Tenement Update

ABOUT ARTEMIS RESOURCES

For further information, please contact:

Competent Person Statements

Forward Looking Statements

APPENDIX

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Section 3 Estimation and Reporting of Mineral Resources

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

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