Artemis Resources Limited — Capital/Financing Update 2017

May 1, 2017

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Artemis Resources Limited ARBN: 80 107 051 749

Level 3, IBM Building, 1060 Hay Street, West Perth, WA Australia, 6006

PO Box R933 Royal Exchange NSW Australia, 1225

Phone: +61 2 9078 7670 Facsimile: +61 2 9078 7661 Email: info@artemisresources.com.au Website: artemisresources.com.au

ASX / Media Announcement

2 May 2017

HIGH GRADE COPPER CONFIRMED BY DRILLING OVER CONSIDERABLE WIDTHS AND SHALLOW DEPTHS AT WHUNDO - KARRATHA - WESTERN AUSTRALIA

• Drilling confirms high grade copper intersections at Whundo.

• Potential to substantially increase copper oxide resources at Whundo.

• 20 drill holes have been completed for 600m.

• Initial assays results for selected mineralised zones in first 8 holes have been recieved.

• Significant copper intercepts:

• 7 metres at 4.45% Copper from 13 metres in (AWRC001).

• 13 metres at 3.03% Copper from 5 metres in (AWRC002).

Directors:

Executive Chairman David Lenigas

Executive Directors Ed Mead Alex Duncan-Kemp

Non-Executive Directors George Frangeskides Campbell Baird

Company Secretary: Guy Robertson

Corporate Information ASX Code: ARV

• 7 metres at 3.62% Copper from 18 metres in (AWRC007).

• 2 metres at 5.61% Copper from 24 metres in (AWRC008).

David Lenigas, Artemis’s Chairman, commented;

“We have now confirmed the presence of significant widths of high grade copper zones at shallow depths at the Whundo Copper Mine, which is located only 15 km from the Radio Hill Plant. The Company’s plan is to expand the available oxide tonnages at Whundo to either increase the ore supply deal to the Whim Creek SX-EW plant or look at establishing an on site oxide treatment operation at Radio Hill itself.”

Artemis Resources Limited (“ Artemis ” or “ the Company ”) ( ASX:ARV ) is pleased to announce that an initial drilling program has been completed to confirm historical oxide copper intersections around the Whundo and Whundo West open pits. These form part of the tenure purchased in the Acquisition of the Fox Radio Hill assets near Karratha in Western Australia (Figure 1).

A total of 20 angled (dip -60 degress) drill holes (Figure 2) have been drilled for 600 metres. Six drill holes were designed to specifically test previous intersections of oxide copper mineralisation. All previous drilling was vertical and the new drilling was aimed at confiming grades and structural interpretation.

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The remaining holes were to explore several interpreted copper ore positions where continuations of the oxide mineralisation may occur.

Mineralisation intercepts are listed in Table 1. Table 2 lists all drill hole information.

The Company is extremely pleased with progress to date and we look forward to the next set of assays being reported by ALS Global.

Figure 2: Locations of completed Drillholes

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The drilling had two aims:

1. Validation of historical drill results from vertical drill holes and assay grade confimation, and

2. Explore some conceptual target zones untested by previous drilling.

The high grade intercepts occur to the southeast and west of the old Whundo copper open pit operated by Whim Creek Consolidated in 1977.

The results will assist Artemis in looking for a commercial outcome for the oxide copper ores, either by treatment at the Radio Hill mine site, or through further sales to Blackrock at the Whim Creek SX-EW plant.

Once all assays have been received Artemis will then be in a position to look at futher drilling and commercial outcomes.

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Figure 3: Interpreted Cross Section Showing historical Coppper Intersections and the results of Artemis validation drilling.

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Table 1: Selected Assay Results for Whundo from validation drillholes.

Hole_ID	From m	To m	Width m	Cu %
AWRC001	5	10	5	1.34
AWRC001	13	20	7	4.45
AWRC002	5	18	13	3.03
AWRC006	5	6	1	2.79
AWRC006	16	17	1	3.4
AWRC006	28	30	2	1.41
AWRC007	18	25	7	3.62
AWRC008	24	26	2	5.61

Table 2: Hole Co-Ordinates for Whundo.

Hole id	MGA50 EAST	MGA50 NORTH	Dip	Azimuth	Depth
AWRC01	492520	7669022	-60	180	30
AWRC02	492510	7669018	-60	180	30
AWRC03	492320	7668920	-60	180	30
AWRC04	492320	7668960	-60	180	30
AWRC05	492310	7669010	-60	180	30
AWRC06	492310	7669030	-60	180	30
AWRC07	492320	7669051	-60	180	30
AWRC08	492310	7669050	-60	180	30
AWRC09	492200	7668930	-60	180	30
AWRC10	492200	7668970	-60	180	30
AWRC11	492200	7669010	-60	180	30
AWRC12	492200	7669090	-60	180	30
AWRC13	492200	7669110	-60	180	30
AWRC14	492200	7669130	-60	180	30
AWRC15	492200	7669150	-60	180	30
AWRC16	492020	7668985	-60	180	30
AWRC17	492020	7669005	-60	180	30
AWRC18	492020	7669025	-60	180	30
AWRC19	491980	7669045	-60	180	30
AWRC20	491980	7669065	-60	180	30

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Figure 1: Artemis Resources Projects (including Fox Resources assets under option).

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BACKGROUND INFORMATION ON ARTEMIS RESOURCES

Artemis Resources Limited is a resources exploration and development company with a focus on its prospective Pilbara (gold, cobalt, base metals, platinum, platinum group elements, iron ore) (Figure 1)and the Mt Clement-Paulsens (gold) project in Western Australia. Artemis owns the fully permitted 425,000tpa Radio Hill nickel and copper operations, processing plant and associated mining and exploration tenements with significant existing JORC 2004 compliant resources of Nickel, Copper and Zinc situated within a 15 km radius of the Radio Hill plant. The Radio Hill Plant is located 35 km south of Karratha in the Pilbara Region of Western Australia.

CONTACTS

For further information on this update or the Company generally, please visit our website at www.artemisresources.com.au or contact:

Investors / Shareholders Media Edward Mead David Tasker Executive Director Professional Public Relations Telephone: +61 407 445 351 Telephone: +61 433 112 936 Email: Ed.Mead@artemisresources.com.au Email: David.tasker@ppr.com.au

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COMPETENT PERSONS STATEMENT

The information in this document that relates to Exploration Results and Exploration Targets is based on information compiled or reviewed by Allan Younger, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Younger is a consultant to the Company, and is employed by Indigo Geochemistry Pty Ltd. Mr Younger 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 Younger 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 AND IMPORTANT NOTICE

This report contains forecasts, projections and forward looking information. Although the Company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions it can give no assurance that these will be achieved. Expectations, estimates and projections and information provided by the Company 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.

Investors should make and rely upon their own enquiries before deciding to acquire or deal in the Company’s securities.

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JORC Code, 2012 Edition – Table 1

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		Reverse Circulation (RC) drilling was carried out on
techniques		cut channels, random chips, or		the Whundo Cu-Au Project. This drilling was
		specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF		designed to obtain drill chip samples from one metre intervals, from which a 2-4 kilogram sub-sample was collected for laboratory multi-element analysis including:
		instruments, etc). These examples		Ag,Al,As,Ba,Be,Bi,Ca,Cd,Co,Cr,Cu,Fe,Ga,K,La,Mg,
		should not be taken as limiting the		Mn,Mo,Na,Ni,P,Pb,S,Sb,Sc,Sr,Th,Ti,Tl,U,V,W,Zn.
		broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.		All samples were analysed using a portable XRF instrument (Niton & Innovex). Initial methodology trialing the units has been to make a single randomly placed measurement on the drill sample bag. For more intensive evaluation a minimum of 4
		Aspects of the determination of		measurements at regular intervals around the
		mineralisation that are Material to		sample bag will be required. Optimum sampling time
		the Public Report.		appears to be 90 seconds per measurement.
		In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to		Mineralised zones were identified visually during field logging, and sample intervals selected by the supervising geologist.
		obtain 1 m samples from which 3 kg		Samples from each metre were collected through a
		was pulverised to produce a 30 g		rig-mounted cyclone and split using a rig-mounted
		charge for fire assay’). In other		three-tier riffle splitter.
		cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual	 	Field duplicates were taken and submitted for analysis. Substantial historic drilling has been completed in the
		commodities or mineralisation types		vicinity of the drilling completed by Artemis. The most
		(eg submarine nodules) may		significant work was completed by Whim Creek
		warrant disclosure of detailed information.		Consolidated s in the early mid 1970’s and by Fox Resources 2004-2007. Compilation of this data has
				been completed based on Annual Exploration
				Reports available through WAMEX. Although limited
				information is available regarding procedures
				implemented during this period, work completed by
				Artemis to date has validated much of this historic
				data. It is considered that the historic work was
				completed professionally, and that certain
				assumptions can reasonably be based on results
				reported throughout this period.
Drilling		Drill type (eg core, reverse		Reverse Circulation drilling at Whundo was
techniques		circulation, open-hole hammer,		completed by a track-mounted Schramm T450 RC
		rotary air blast, auger, Bangka,		drilling rig using a 5¼ inch diameter face sampling
		sonic, etc) and details (eg core		hammer.
		diameter, triple or standard tube,
		depth of diamond tails, face-
		sampling bit or other type, whether
		core is oriented and if so, by what
		_method, etc). _
Drill sample		Method of recording and assessing		Sample recoveries are recorded by the geologist in
recovery		core and chip sample recoveries		the field during logging and sampling.
		and results assessed.		If poor sample recovery is encountered during
		Measures taken to maximise		drilling, the supervising geologist and driller endeavor
		sample recovery and ensure		to rectifytheproblem to ensure maximum sample

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		representative nature of the		recovery.
		samples.		Visual assessments are made for recovery, moisture,
		Whether a relationship exists		and possible contamination.
		between sample recovery and		A cyclone and three-tier riffle splitter were used to
		grade and whether sample bias		ensure representative sampling, and were routinely
		may have occurred due to		inspected and cleaned.
		preferential loss/gain of fine/coarse		Sample recoveries during drilling completed by
		material.		Artemis were high, and all samples were dry.
				Insufficient data exists at present to determine
				whether a relationship exists between grade and
				recovery. This will be assessed once a statistically
				representative amount of data is available.
Logging		Whether core and chip samples		All drill chip samples are geologically logged at 1m
		have been geologically and		intervals from surface to the bottom of each drillhole.
		geotechnically logged to a level of		It is considered that geological logging is completed
		detail to support appropriate Mineral		at an adequate level to allow appropriate future
		Resource estimation, mining studies		Mineral Resource estimation.
		and metallurgical studies.		Geological logging is considered semi-quantitative
		Whether logging is qualitative or		due to the limited geological information available
		quantitative in nature. Core (or		from the Reverse Circulation method of drilling.
		costean, channel, etc) photography.		All RC drillholes completed by Artemis during the
		The total length and percentage of		current program have been logged in full.
		the relevant intersections logged.
Sub-sampling		If core, whether cut or sawn and		The RC drilling rig was equipped with a rig-mounted
techniques and		whether quarter, half or all core		cyclone and three-tier riffle splitter, which provided
sample		taken.		one bulk sample of approximately 20-30 kilograms,
preparation		If non-core, whether riffled, tube		and a representative sub-sample of approximately 2-
		sampled, rotary split, etc and		4 kilograms for every metre drilled.
		whether sampled wet or dry.		The sample size of 2-4 kilograms is considered to be
		For all sample types, the nature,		appropriate and representative of the grain size and
		quality and appropriateness of the		mineralisation style of the deposit.
		sample preparation technique.		The samples were dry.
		Quality control procedures adopted		Duplicate samples were collected and submitted for
		for all sub-sampling stages to		analysis. Reference standards inserted during
		maximise representivity of samples.		drilling.
		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 assa		The nature, quality and		ALS (Perth) were used for all analysis of drill samples
data and		appropriateness of the assaying		submitted by Artemis. The laboratory techniques
laboratory tests		and laboratory procedures used and		below are for all samples submitted to ALS and are
		whether the technique is considered		considered appropriate for the style of mineralisation
		partial or total.		defined within the Whundo Project area:
		For geophysical tools,		 Samples above 3Kg riffle split.
		spectrometers, handheld XRF		 Pulverise to 95% passing 75 microns
		instruments, etc, the parameters		 50 gram Fire Assay (Au-AA26) with ICP finish -
		used in determining the analysis		Au.
		including instrument make and		 4 Acid Digest ICP-AES Finish (ME-ICP61) –
		model, reading times, calibrations factors applied and their derivation, etc.		Ag,Al,As,Ba,Be,Bi,Ca,Cd,Co,Cr,Cu,Fe,Ga,K, La,Mg,Mn,Mo,Na,Ni,P,Pb,S,Sb,Sc,Sr,Th,Ti,
		Nature of quality control procedures		Tl,U,V,W,Zn.
		adopted (eg standards, blanks,

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		duplicates, external laboratory		 Ore Grade 4 Acid Digest ICP-AES Finish (ME-
		checks) and whether acceptable		OG62)
		levels of accuracy (ie lack of bias)		Standards were used for external laboratory checks
		and precision have been		by Artemis.
		established.		Duplicates were used for external laboratory checks
				by Artemis.
				Portable XRF (pXRF) analysis was completed using
				both Niton & Innovex units. XRF analysis was
				completed on the single metre sample bulk drill
				ample retained on site. Further statistical analysis will
				be completed to better determine the accuracy and
				precision of the pXRF unit based on laboratory assay
				results.
				Portable XRF results are considered semi-
				quantitative and act as a guide to mineralised zones
				and sampling.
Verification of		The verification of significant		At least two company personnel verify all significant
sampling and		intersections by either independent		results.
assaying		or alternative company personnel.		All geological logging and sampling information is
		The use of twinned holes.		completed firstly on to paper logs before being
		Documentation of primary data,		transferred to Microsoft Excel spreadsheets. Physical
		data entry procedures, data		logs and sampling data are returned to the Hastings
		verification, data storage (physical		head office for scanning and storage.
		and electronic) protocols.		No adjustments of assay data are considered
		Discuss any adjustment to assay		necessary.
		data.
Location of dat		Accuracy and quality of surveys		A Garmin GPSMap62 hand-held GPS was used to
points		used to locate drill holes (collar and		define the location of the drillhole collars. Standard
		down-hole surveys), trenches, mine		practice is for the GPS to be left at the site of the
		workings and other locations used		collar for a period of 5 minutes to obtain a steady
		in Mineral Resource estimation.		reading. Collar locations are considered to be
		Specification of the grid system		accurate to within 5m. Collars will be picked up by
		used.		DGPS if warranted in the future.
		Quality and adequacy of		Downhole surveys were captured at 30 metre
		topographic control.		intervals for the drillholes completed by Artemis.
				The grid system used for all Artemis drilling is GDA94
				(MGA 94 Zone 50)
				Topographic control is obtained from surface profiles
				created bydrillhole collar data.
Data spacing a		Data spacing for reporting of		Current drillhole spacing is variable and dependent
distribution		Exploration Results.		on specific geological, and geophysical targets, and
		Whether the data spacing and		access requirements for each drillhole.
		distribution is sufficient to establish		No sample compositing has been used for drilling
		the degree of geological and grade		completed by Artemis. All results reported are the
		continuity appropriate for the		result of 1 metre downhole sample intervals.
		Mineral Resource and Ore Reserve
		estimation procedure(s) and
		classifications applied.
		Whether sample compositing has
		been applied.
Orientation of		Whether the orientation of sampling		Drillholes were located in order to intersect the target
data in relation		achieves unbiased sampling of		at an angle perpendicular to strike direction. As the
geological		possible structures and the extent to		target structures were considered to be steep to
structure		which this is known, considering the		moderately dipping, all Artemis drillholes were angled
		deposit type.		at -60 degrees.
		If the relationship between the
		drilling orientation and the
		orientation of key mineralised
		structures is considered to have

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		introduced a sampling bias, this
		should be assessed and reported if
		material.
Sample securit		The measures taken to ensure		The chain of custody is managed by the supervising
		sample security.		geologist who places calico sample bags in
				polyweave sacks. Up to 10 calico sample bags are
				placed in each sack. Each sack is clearly labelled
				with:
				o Artemis Resources Ltd
				o Address of laboratory
				o Sample range
				Samples were delivered by Artemis personnel to the
				transport company in Karratha and shrink wrapped
				onto pallets.
				The transport company then delivers the samples
				directly to the laboratory.
Audits or revie		The results of any audits or reviews		Data is validated upon up-loading into the master
		of sampling techniques and data.		database. Any validation issues identified are
				investigated prior to reporting of results.

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,		RC drilling by Artemis was carried out on
tenement and		location and ownership		M47/0007 – 100% owned by Artemis Resources
land tenure		including agreements or		Ltd. This tenement forms a part of a broader
status		material issues with third		tenement package that comprises the West
		parties such as joint ventures,		Pilbara Project.
		partnerships, overriding		This tenement is in good standing and no known
		royalties, native title interests,		impediments exist (see map provided in this
		historical sites, wilderness or		report for location).
		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.
Exploration		Acknowledgment and		The most significant work to have been
done by other		appraisal of exploration by		completed historically in the Whundo area, was
parties		other parties.		by Westfield Minerals NL, later Whim Creek
				Consolidated NL.
				Work completed by Westfield/Whim Creek
				consisted of geological mapping, geophysical
				surveying, geochemical sampling and diamond
				and RAB drilling and sampling.
				This outlined several high grade shoots including
				the one mined in the Whundo pit in 1976. An
				esteimated 6746t of 27.4% Cu ore was
				produced.
				Whim Creek continued involvement with the

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				project are after becoming Dominion Metals until
				1995 when the tenements were sold to Straits
				Resources Ltd.
				Dominion had completed drilling and resource
				estimation on Whundo and pit plans were
				completed but not implemented.
				Straits completed drilling along strike to expand
				resources did not identify additional oxided
				resources to warrant development and shipping
				to Whim Creek.
				Fox Resources Ltd obtained control of the
				tenements from Straits in 2003 and subsequently
				undertook an extensive drilling program on the
				West Whundo deposit outlining a combined
				Oxide/Supergene/Primary Inferred Resource of
				625,000 t @ 1.56% Cu and 1.6% Zn and
				subsequently defined resrves and undertook
				miningactivities in 2006-7.
Geology		Deposit type, geological setting		The Whundo Cu-Au-Zn projectis a partially
		and style of mineralisation.		dismembered single horizon VMS deposit which
				plunges at 40oto the northwest extending to
				15om down plunge. Mineralisation in Whundo
				consists of 2 main units; fine to medium grained
				pyrite, sphalerite and chalcopyrite; massive
				pyrite and pyrrhotite with minor sphalerite and
				chalcopyrite. West Whundo has 2 main units
				well: layered pyrite, sphalerite and chalcopyrite
				with dissemeinated magnetite overlain by
				massive pyrrhotite and pyrite.
				Sulphide mineralisation consists of Chalcopyrite,
				chalcocite, sphalerite,pyrrhotite andpyrite
Drill hole		A summary of all information		Collar information for all drillholes reported is
Information		material to the understanding		provided in the body of this report.
		of the exploration 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.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Data		In reporting Exploration		All intervals reported are composed of 1 metre
aggregation		Results, weighting averaging		down hole intervals, and are therefore length
methods		techniques, maximum and/or		weighted.
		minimum grade truncations (eg		No upper or lower cutoff grades have been used
		cutting of high grades) and cut-		in reporting results.
		off grades are usually Material		No metal equivalent calculations are used in this
		and should be stated.		report.
		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.
Relationship		These relationships are		True widths of mineralisation have not been
between		particularly important in the		calculated for this report, and as such all
mineralisation		reporting of Exploration		intersections	reported are down-hole
widths and		Results.		thicknesses.
intercept lengths		If the geometry of the		A better understanding of the deposit geometry
		mineralisation with respect to		will be achieved on thorough interpretation of the
		the drill hole angle is known, its		data. True thicknesses may be reported at a later
		nature should be reported.		date if warranted. Due to the moderately to
		If it is not known and only the		steeply dipping nature of the mineralised zones,
		down hole lengths are		it is expected	that true thicknesses will be less
		reported, there should be a		than the reported down-hole thicknesses.
		clear statement to this effect
		(eg ‘down hole length, true
		_width not known’). _
Diagrams		Appropriate maps and sections		Appropriate maps and sections are available in
		(with scales) and tabulations of		the body of this announcement.
		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		Where comprehensive		Reporting of results in this report is considered
reporting		reporting of all Exploration		balanced.
		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.
Other		Other exploration data, if		Targeting for	the RC drilling completed by
substantive		meaningful and material,		Artemis was	based on compilation of historic
exploration data		should be reported including		exploration data, and the surface expression of
		(but not limited to): geological		the targeted mineralized zones and associated
		observations; geophysical		historic workings.
		survey results; geochemical
		survey results; bulk samples –

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==> picture [105 x 39] intentionally omitted <==

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		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		The results at the Whundo Cu-Au project warrant
		planned further work (eg tests		further drilling. As this is a first phase drill
		for lateral extensions, depth		program the results to date are considered
		extensions or large-scale step-		excellent.
		out drilling).
		Diagrams clearly highlighting
		the areas of possible
		extensions, including the main
		geological interpretations and
		future drilling areas, provided
		this information is not
		commercially sensitive.

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