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Artemis Resources Limited

Interim / Quarterly Report Jul 18, 2023

10429_rns_2023-07-18_803f60a1-225f-4894-b850-acb990be6c04.html

Interim / Quarterly Report

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National Storage Mechanism | Additional information

RNS Number : 4028G

Artemis Resources Limited

18 July 2023

Artemis Resources Limited

("Artemis" or the "Company")

(ASX/AIM: ARV, FRA: ATY, US: ARTTF)

Addendum to Announcement

Lithium Bearing Pegmatites Identified at West Pilbara Joint Venture Project

Released 10 July 2023

Artemis Resources (ASX:ARV) (Artemis of the Company) as requested by the ASX provides below a revision to its announcement of 10 July 2023 "Lithium Bearing Pegmatites Identified at West Pilbara Joint Venture Project".

The addendum to the release is to provide clarification to the market on the material details of the soil samples including:

·      Soil sample analysis style and elements sampled.

·      Year of Soil sample collection.

·      Tabulated summary of sample location and analysis.

·      Sample location map and anomaly maps.

·      Updated JORC Tables for each soil sample analysis type.

End

This announcement was approved for release by the Board.

Lithium Bearing Pegmatites Identified at West Pilbara Joint Venture Project

Highlights:

·      Lithium bearing pegmatites identified within Osborne Joint Venture (Artemis 49% interest).

·      Significant assays:

o  1.8% Li2O from Sample No 23GT11-041

o  1.7% Li2O from Sample No 23GT11-042

o  1.58% Li2O from Sample No 23GT11-039

·      Mineralised trend identified extends within JV tenure.

·      Field activities are currently underway in the search for lithium bearing pegmatites and dykes on Artemis tenements.

·      Artemis tenements E47/1746 and E47/1797 adjoins the JV project.

·      Review of the company's historic geochemical soils sampling data indicates elevated lithium and lithium pathfinder elements within the company's 100% held tenure.

Artemis Resources Limited is pleased to advise that lithium pegmatites have been identified on the Osborne Joint Venture (Greentech Metals Ltd 51% / Artemis Resources 49%).

As announced by GreenTech Metals Limited (ASX: GRE) in the ASX release of 7 July 2023[1] , GreenTech announced that the Kobe Lithium Prospect extends into the Joint Venture exploration licence E47/3719. The mineralised trend defined to date within JV tenure is shown in Figure 1 below. High tenor lithium assays received within the project area include:

·      1.8% Li2O from Sample No 23GT11-041

·      1.7% Li2O from Sample No 23GT11-042

·      1.58% Li2O from Sample No 23GT11-039

Further work is planned on the Joint Venture tenement with sampling and mapping aimed at identifying the full extent of the mineralised pegmatite zone and the consistency of the lithium minerology and grade. Preparations have commenced to enable a maiden drilling program as soon as all approvals are received.

Figure 1: Pegmatite bearing zone on JV tenure is E47/3719 (Source: GRE release dated 7 July 2023)

Artemis West Pilbara exploration

As part of the Company's West Pilbara exploration review and field work, Artemis has also commenced a review and assessment of lithium prospectivity in its 100% owned tenure. Artemis currently controls approximately 144 km2 in the West Pilbara adjacent to the lithium find.

Artemis has commenced a review of its extensive soils database and commissioned a third-party consultant to process detailed satellite spectral data.

A review of the company's historic regional exploration soils database indicates elevated lithium and lithium pathfinder elements on Artemis tenements E47/1746 and E47/1797.

The soils data is comprised of three different analytical methods being conventional Aqua Regia, Ionic Leach and Ultrafine Fraction (UFF) collected between 2018 and 2023. A total of 4,534 samples were reviewed (Figure 2) and levelled against each other using percentile comparison against each data set and then plotting the +95th percentile of each to develop Lithium and pathway element trends (Figures 3 and 4).

Figure 2: Geochemical data sets used for Lithium prospectivity review.

Figure 3: Plot of levelled +95th percentile Lithium soils data with circled anomalous trends

Figure 4: Plot of 95th Percentile Rubidium soils data with circled anomalous trends

The data has defined seven distinct lithium cluster anomalies within E47/1797 and E47/1746 with elevated Lithium above the 95th percentile. Two of these anomalies also correspond with two broad rubidium anomalies and will form part of the initial reconnaissance programs in identifying potential lithium bearing pegmatites.

First pass field reconnaissance programmes have commenced investigating the source of the lithium soil anomalies with rock chip samples collected for lithium analysis. Results from the initial rock chip samples are expected in August.

Artemis holds a 9.67% interest in GreenTech Metals Limited (ASX: GRE).

End.

Artemis Resources Limited

Guy Robertson
via Camarco
Dr Simon Dominy / Technical Director [email protected]
WH Ireland Limited (Nominated Adviser and Broker)
Antonio Bossi / James Bavister / Isaac Hooper (Corporate Finance) Tel: +44 20 7220 1666
Camarco (Financial PR)
Gordon Poole / Emily Hall / Rebecca Waterworth Email: [email protected]

About Artemis Resources

Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) is a Perth-based exploration and development company, led by an experienced team that has a singular focus on delivering shareholder value from its Pilbara projects - the Greater Carlow project in the West Pilbara and the Paterson Central exploration project in the East Pilbara.

For more information, please visit www.artemisresources.com.au

Competent Person's Statement

The information in this report that relates to exploration results was prepared by Mr Luke Meter, a Competent Person who is a member of the Australasian Institute of Geoscientists (MAIG) and Australasian Institute of Mining and Metallurgy (MAusIMM). Mr Meter is employed by Artemis Resources as Exploration Manager. Mr Meter has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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 Meter consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Related ASX Announcements

·      07/07/2023       GRE: Further High-Grade Lithium Up to 1.8% Li2O Encountered at Ruth Well Project in WA

Appendix 1 - Rock Sample Location Details

Table 1: Sample Details and Assay Results

Sample ID Sample Type Tenement Easting Northing Datum Li2O%
23GT11-038 Rock E47/3719 488314 7693671 MGA94_50 0.2
23GT11-039 Rock E47/3719 488362 7693668 MGA94_50 1.58
23GT11-040 Rock E47/3719 488369 7693670 MGA94_50 1.49
23GT11-041 Rock E47/3719 488747 7693682 MGA94_50 1.8
23GT11-042 Rock E47/3719 488747 7693675 MGA94_50 1.71
23GT11-043 Rock E47/3719 489428 7693732 MGA94_50 0.23

Appendix 2 - Soil Sample Location Details

Table 2: 2018 Aqua Regia Sample Details: Above 95th Percentile Lithium plus pathfinder elements

Sample ID Easting Northing Tenement Li_ppm Cs_ppm Ga_ppm Rb_ppm Sn_ppm Ta_ppm Tl_ppm
GB438 500100 7696700 P47/1972 35.300 1.195 6.760 6.790 0.380 NA 0.098
GB539 500100 7700400 P47/1972 35.400 1.035 7.260 9.400 0.420 NA 0.055
OA0335 489400 7696400 E47/1746 51.800 1.785 6.980 9.680 0.430 NA 0.164
OA0462 490200 7696900 E47/1746 45.000 0.569 4.910 5.230 0.280 NA 0.062
OA0513 490600 7697000 E47/1746 43.700 0.745 7.850 5.430 0.470 NA 0.105
OA0555 491000 7695400 E47/3719 31.600 0.988 8.460 9.030 0.500 NA 0.072
OA0631 491400 7695800 E47/1746 36.200 0.918 7.720 10.100 0.610 NA 0.086
OA0640 491400 7696700 E47/1746 34.700 0.679 8.610 6.540 0.450 NA 0.086
OA0647 491400 7697200 E47/1746 33.900 0.636 7.260 5.020 0.380 NA 0.083
OA0649 491400 7697400 E47/1746 42.300 0.626 8.430 5.770 0.490 NA 0.088
OA0709 491800 7695600 E47/1746 41.600 0.999 6.310 7.540 0.410 NA 0.070
OA0710 491800 7695700 E47/1746 38.100 1.355 8.050 17.400 0.800 NA 0.122
OA0711 491800 7695800 E47/1746 38.800 0.917 9.300 13.500 0.680 NA 0.110
OA0788 492200 7695500 E47/1746 34.400 1.020 9.540 14.600 0.680 NA 0.086
OA0975 493000 7698000 E47/1746 54.100 0.669 7.710 7.840 0.530 NA 0.062
OA2253 497800 7697000 E47/1746 66.700 1.005 9.940 26.100 3.070 NA 0.273
PH023 488500 7696450 E47/1746 38.700 1.095 6.980 7.700 0.350 NA 0.100
PH038 488700 7696200 E47/3719 31.900 2.430 5.730 5.040 0.460 NA 0.125
PH092 489100 7696500 E47/1746 34.000 0.733 6.810 8.660 0.560 NA 0.095
PH106 489200 7696550 E47/1746 60.900 0.362 8.640 2.370 0.170 NA 0.039
PH107 489195 7696606 E47/1746 36.100 0.673 5.930 6.220 0.290 NA 0.094
SHS0361 494000 7685300 E47/1746 34.600 0.155 8.360 3.480 0.180 NA 0.034

Table 3: 2018 Ionic Leach Sample Details: Above 95th Percentile Lithium plus pathfinder elements

Sample ID Easting Northing Tenement Li_ppb Cs_ppb Ga_ppb Nb_ppb Rb_ppb Sn_ppb Ta_ppb Tl_ppb
OSS0563 498000 7694600 E47/1746 22.700 0.700 0.250 NA 39.600 NA NA 0.210
OSS0596 498400 7694900 E47/1746 28.700 1.500 0.250 NA 72.400 NA NA 0.190
OSS0643 498800 7694900 E47/1746 41.800 0.600 0.600 NA 32.500 NA NA 0.140
OSS0743 499600 7695100 E47/1746 18.700 1.100 1.000 NA 59.300 NA NA 0.110
OSS0804 500000 7696200 E47/1746 14.900 1.300 0.250 NA 44.300 NA NA 0.580
OSS0847 500800 7693300 E47/1746 19.500 0.500 1.000 NA 48.900 NA NA 0.080
OSS0901 501600 7693900 E47/1746 23.100 1.500 0.250 NA 78.700 NA NA 0.370
OSS0912 501600 7695000 E47/1746 15.200 1.000 0.250 NA 62.900 NA NA 0.330
OSS0934 502000 7693500 E47/1746 16.500 1.600 0.250 NA 82.900 NA NA 0.340
OSS0937 502000 7693800 E47/1746 18.400 0.800 0.250 NA 79.000 NA NA 0.280
OSS0940 502000 7694100 E47/1746 26.700 2.900 0.250 NA 95.200 NA NA 0.420
OSS0981 502000 7697800 E47/1797 21.300 1.900 0.250 NA 66.900 NA NA 0.210
OSS0982 502000 7697900 E47/1797 18.800 2.300 0.250 NA 52.000 NA NA 1.100
OSS1001 502400 7693800 E47/1746 16.700 1.500 0.250 NA 83.400 NA NA 0.370
OSS1004 502400 7694100 E47/1746 13.700 1.300 0.250 NA 85.300 NA NA 0.360
OSS1029 502400 7696400 E47/1797 15.000 0.900 0.250 NA 87.100 NA NA 0.410
OSS1031 502400 7696600 E47/1797 14.900 0.700 0.250 NA 53.600 NA NA 0.280
OSS1039 502400 7697400 E47/1797 14.400 0.800 0.250 NA 68.900 NA NA 0.210
OSS1057 502800 7694200 E47/1746 13.600 1.100 0.250 NA 116.500 NA NA 0.480
OSS1059 502800 7694400 E47/1746 32.400 1.400 0.250 NA 81.900 NA NA 0.350
OSS1082 502800 7696500 E47/1797 14.000 1.500 0.250 NA 96.100 NA NA 0.350
OSS1108 503200 7694300 E47/1746 16.900 0.900 0.250 NA 76.700 NA NA 0.260
OSS1109 503200 7694400 E47/1746 20.500 1.100 0.250 NA 83.500 NA NA 0.390
OSS1130 503200 7696500 E47/1797 14.200 1.800 0.250 NA 58.600 NA NA 0.320
OSS1135 503200 7696800 E47/1797 17.100 0.700 0.250 NA 44.600 NA NA 0.260
OSS1141 503200 7697400 E47/1797 27.400 0.700 0.250 NA 49.000 NA NA 0.360
OSS1199 503600 7696900 E47/1797 14.900 1.200 0.250 NA 98.300 NA NA 0.470
OSS1207 503600 7697700 E47/1797 13.500 1.000 0.250 NA 67.200 NA NA 0.460
OSS1256 504000 7697000 E47/1797 19.800 0.900 0.250 NA 77.000 NA NA 0.300
OSS1257 504000 7697100 E47/1797 14.600 1.400 0.250 NA 80.800 NA NA 0.420
OSS1258 504000 7697200 E47/1797 23.600 1.100 0.250 NA 55.000 NA NA 0.350
OSS1259 504000 7697300 E47/1797 53.400 1.400 0.250 NA 63.300 NA NA 0.740
OSS1260 504000 7697400 E47/1797 18.300 1.800 0.250 NA 92.400 NA NA 0.500
OSS1261 504000 7697500 E47/1797 27.100 1.000 0.250 NA 74.000 NA NA 0.290
OSS1262 504000 7697600 E47/1797 25.300 1.400 0.250 NA 81.100 NA NA 0.370
OSS1265 504000 7697900 E47/1797 31.200 1.600 0.250 NA 91.900 NA NA 1.590
OSS1283 504000 7699500 E47/1797 41.600 2.300 0.250 NA 93.800 NA NA 0.910
OSS1284 504000 7699600 E47/1797 19.000 1.100 0.250 NA 70.700 NA NA 0.240
OSS1285 504000 7699700 E47/1797 25.900 1.000 0.250 NA 60.500 NA NA 0.900
OSS1310 504400 7696500 E47/1797 15.900 1.300 0.250 NA 113.000 NA NA 0.360
OSS1312 504400 7696700 E47/1797 16.300 1.000 0.250 NA 88.600 NA NA 0.200
OSS1313 504400 7696800 E47/1797 17.500 1.000 0.250 NA 87.800 NA NA 0.360
OSS1314 504400 7696900 E47/1797 17.200 1.400 0.250 NA 113.000 NA NA 0.390
OSS1315 504400 7697000 E47/1797 16.900 1.500 0.250 NA 97.100 NA NA 0.320
OSS1328 504400 7698100 E47/1797 17.900 0.700 0.250 NA 57.900 NA NA 0.280
OSS1330 504400 7698300 E47/1797 15.600 1.100 0.250 NA 118.500 NA NA 0.330
OSS1344 504400 7699700 E47/1797 14.800 0.900 0.250 NA 80.100 NA NA 0.410
OSS1345 504400 7699800 E47/1797 26.300 1.700 0.250 NA 72.200 NA NA 0.600
OSS1381 504800 7697300 E47/1797 16.200 1.000 0.250 NA 71.600 NA NA 0.380
OSS1382 504800 7697400 E47/1797 14.400 1.200 0.250 NA 124.500 NA NA 0.350
OSS1439 505200 7696500 E47/1797 13.500 1.900 0.250 NA 106.000 NA NA 0.410
OSS1451 505200 7697700 E47/1797 17.700 1.200 0.250 NA 73.600 NA NA 0.310
OSS1452 505200 7697800 E47/1797 14.800 1.000 0.250 NA 87.600 NA NA 0.390
OSS1453 505200 7697900 E47/1797 22.800 1.100 0.250 NA 76.600 NA NA 0.330
OSS1454 505200 7698000 E47/1797 16.000 0.900 0.250 NA 79.400 NA NA 0.320
OSS1455 505200 7698100 E47/1797 18.000 1.000 0.250 NA 46.300 NA NA 0.400
OSS1464 505200 7698800 E47/1797 14.600 1.300 1.000 NA 121.000 NA NA 0.350
OSS1476 505200 7700000 E47/1797 17.800 1.200 0.250 NA 80.900 NA NA 0.280
OSS1477 505200 7700100 E47/1797 20.000 1.900 0.250 NA 89.100 NA NA 0.340
OSS1478 505200 7700200 E47/1797 25.100 2.800 0.250 NA 97.600 NA NA 0.420
OSS1495 505600 7697100 E47/1797 14.600 1.200 0.250 NA 74.600 NA NA 0.250
OSS1497 505600 7697300 E47/1797 17.400 0.900 0.250 NA 82.900 NA NA 0.160
OSS1500 505600 7697600 E47/1797 22.400 1.300 0.250 NA 78.500 NA NA 0.420
OSS1501 505600 7697700 E47/1797 15.600 1.200 0.250 NA 63.700 NA NA 0.330
OSS1509 505600 7698500 E47/1797 13.700 2.200 0.250 NA 93.600 NA NA 0.820
OSS1530 505600 7700400 E47/1797 20.400 2.000 0.250 NA 109.000 NA NA 0.340
OSS1546 505600 7701800 E47/1797 15.000 2.100 0.250 NA 41.400 NA NA 0.220
OSS1563 506000 7697400 E47/1797 13.700 1.400 0.250 NA 101.000 NA NA 0.390
OSS1686 508000 7697900 E47/1797 52.700 1.300 0.250 NA 72.800 NA NA 1.420
OSS1687 508000 7698000 E47/1797 18.000 1.300 0.250 NA 70.700 NA NA 0.300
SWI 023 499000 7695000 E47/1746 20.400 1.200 0.250 NA 26.300 NA NA 0.600
SWI 127 499400 7693300 E47/1746 25.000 0.400 0.250 NA 37.000 NA NA 0.070
SWI 145 499400 7694300 E47/1746 13.600 2.100 0.250 NA 51.500 NA NA 0.140
SWI 207 501800 7693600 E47/1746 21.900 1.300 0.250 NA 40.100 NA NA 0.230
SWI 288 502200 7697000 E47/1797 20.500 3.400 0.250 NA 92.100 NA NA 0.950
SWI 411 503800 7699600 E47/1797 19.500 1.100 0.250 NA 44.000 NA NA 0.820
SWN1183 506400 7701000 E47/1797 14.700 1.600 0.250 NA 48.700 NA NA 0.310
SWN1251 506800 7701200 E47/1797 14.700 0.800 0.250 NA 71.200 NA NA 0.310
SWN1256 506800 7701700 E47/1797 15.800 1.000 0.250 NA 79.400 NA NA 0.700
SWN884 502800 7699000 E47/1797 16.000 1.300 0.250 NA 75.000 NA NA 0.510
SWS0105 498800 7689600 E47/1746 14.570 0.670 1.000 NA 2.100 NA NA 1.630
SWS0110 498800 7689900 E47/1746 25.000 1.890 1.000 NA 2.260 NA NA 4.250
SWS0113 498800 7690200 E47/1746 56.860 5.780 2.400 NA 7.580 NA NA 5.000
SWS0119 498800 7690800 E47/1746 13.710 2.440 1.000 NA 3.710 NA NA 4.190
SWS0120 498800 7690900 E47/1746 24.860 1.780 1.000 NA 2.940 NA NA 4.380
SWS0123 498800 7691200 E47/1746 61.140 4.560 1.000 NA 6.570 NA NA 10.250
SWS0147 499200 7689900 E47/1746 37.140 2.220 1.000 NA 3.090 NA NA 3.690
SWS0148 499200 7690000 E47/1746 25.570 18.670 1.000 NA 8.890 NA NA 12.880
SWS0149 499200 7690100 E47/1746 31.000 10.890 1.000 NA 2.070 NA NA 4.500
SWS0150 499200 7690200 E47/1746 37.000 5.110 2.000 NA 3.950 NA NA 3.060
SWS0183 499600 7689800 E47/1746 15.900 2.600 0.600 NA 431.000 NA NA 0.680
SWS0185 499600 7690000 E47/1746 13.800 3.900 0.250 NA 243.000 NA NA 0.580
SWS0205 499600 7691800 E47/1746 25.100 1.500 0.250 NA 91.700 NA NA 0.540
SWS0230 500000 7690200 E47/1746 14.700 3.400 0.600 NA 319.000 NA NA 0.420
SWS0231 500000 7690300 E47/1746 29.500 11.300 0.250 NA 509.000 NA NA 1.230
SWS0289 500800 7691100 E47/1746 17.100 1.500 0.250 NA 144.000 NA NA 0.430
SWS0316 501200 7691200 E47/1746 88.100 4.700 0.250 NA 106.500 NA NA 0.470
SWS0337 501200 7693100 E47/1746 20.800 2.600 0.250 NA 95.000 NA NA 0.740
SWS0394 502000 7691700 E47/1746 18.700 0.900 0.250 NA 119.000 NA NA 0.460
SWS0508 502800 7693100 E47/1746 14.100 1.700 0.250 NA 79.700 NA NA 0.410
SWS0538 503200 7691000 E47/1746 325.000 3.600 11.700 NA 263.000 NA NA 0.370
SWS0560 503200 7693000 E47/1746 23.700 1.700 0.250 NA 79.300 NA NA 0.370

Table 4: 2023 UFF Sample Details: Above 95th Percentile Lithium plus pathfinder elements

Sample ID Easting Northing Tenement Li_ppm Cs_ppm Ga_ppm Nb_ppm Rb_ppm Sn_ppm Ta_ppm Tl_ppm
22UF0333 504360 7698580 E47/1797 58.4 5.39 25.3 0.67 67.1 2.89 0.008 0.357
22UF0425 505000 7698740 E47/1797 57.2 5.23 19.8 1.36 74 2.16 0.002 0.356
22UF0443 505160 7699380 E47/1797 65.5 4.87 21.1 0.78 71.3 2.22 0.008 0.313
22UF0470 505320 7699380 E47/1797 59.2 5.19 20.5 1.06 74.2 2.04 0.007 0.308
22UF0471 505320 7699300 E47/1797 57.5 4.85 20 1.06 71 1.96 0.004 0.32
22UF0472 505320 7699220 E47/1797 61.4 5.05 21.3 0.82 66.8 2.28 0.009 0.309
22UF0473 505320 7699140 E47/1797 62 4.91 21.4 0.86 70.7 2.2 0.008 0.327
22UF0539 505640 7699460 E47/1797 60 5.24 24.1 0.76 70.9 2.35 0.002 0.4
22UF0541 505640 7699300 E47/1797 67.2 5.74 25.2 0.78 81.1 2.53 0.005 0.383
22UF0576 505800 7699300 E47/1797 59.7 3.97 22.6 0.84 65.6 2.25 0.007 0.345
22UF0816 507720 7699860 E47/1797 58.7 6.52 27.1 0.43 91.1 2.79 0.008 0.375
22UF0828 507880 7699780 E47/1797 67.1 4.63 22.4 0.82 66.4 2.31 0.005 0.303
22UF0830 507880 7699620 E47/1797 61.2 4.5 20.6 0.95 67.5 2.26 0.008 0.314
22UF0842 508040 7699540 E47/1797 56.9 4.47 19.6 0.96 62.2 2.31 0.006 0.317
22UF0844 508040 7699380 E47/1797 61.8 4.72 22.1 0.82 72.4 2.35 0.008 0.354
22UF0847 508040 7699140 E47/1797 57.6 4.52 18.8 0.65 53.2 2.24 0.008 0.286
22UF0878 508520 7699220 E47/1797 70 2.47 20.2 0.69 42.7 1.96 0.003 0.223
22UF0891 504840 7699380 E47/1797 57.5 4.47 20.3 0.53 60.3 2.34 0.006 0.311
22UF0895 504840 7699700 E47/1797 57 5.96 21.4 0.98 78.6 2.22 0.006 0.457
22UF0897 504840 7699860 E47/1797 57.3 4.72 20.8 0.74 66.8 2.25 0.005 0.317
22UF0932 504040 7700180 E47/1797 70.6 4.51 27.4 0.68 92.4 2.73 0.006 0.327
22UF0969 504520 7699380 E47/1797 70.4 6.84 25.5 0.9 82.1 2.83 0.009 0.384

JORC Code, 2012 Edition

2023 GreenTech Metals Lithium Exploration Rock Chip Samples

Section 1 Sampling Techniques and Data

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

Criteria JORC Code explanation Commentary
Sampling techniques ·    Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

·    Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

·    Aspects of the determination of mineralisation that are Material to the Public Report.

·    In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g 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.
·    Reconnaissance style rock chip sampling taken opportunistically from pegmatite outcrop.

·    This announcement discusses the findings of reconnaissance site visit with a view to determining the lithium potential of the Company's tenements and which include the collection of rock samples.

·    Pegmatite was identified in outcrop.

·    The rock chip samples were restricted to outcrop of pegmatite rocks.

·    Samples were dispatched top ALS Global Laboratories in Perth for Analysis.
Drilling techniques ·    Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core 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). ·    Not applicable.
Drill sample recovery ·    Method of recording and assessing core and chip sample recoveries and results assessed.

·    Measures taken to maximise sample recovery and ensure representative nature of the samples.

·    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.
·    Not applicable.
Logging ·    Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical 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.
·    Not applicable due to the reconnaissance nature of the sampling.
Sub-sampling techniques and sample preparation ·    If core, whether cut or sawn and whether quarter, half or all core taken.

·    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.
·    Rock chip samples were dispatched to ALS Global Laboratories in Perth for analysis using their ME-MS89L 55 element technique.

·    The laboratory reported the use of standards and blanks as part of the analysis for QAQC.

·    The samples were opportunistic in nature and taken from in situ outcrop.

·    Samples were approximately 0.5kg to 1kg in weight.

·    The samples were considered representative of the outcrop being sampled.
Quality of assay data and laboratory tests ·    The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

·    For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors 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.
·    Rock chip samples were dispatched to ALS Global Laboratories in Perth for analysis using their ME_MS89L 55 element technique.

·    The laboratory reported the use of standards and blanks as part of the analyses for QA/QC.

·    No standards or blanks were submitted by the company.

·    The mineralogy of four lithium bearing samples is being determined by XRD analysis undertaken at Curtain University.

·    A previous lithium bearing sample was determined by XRD analysis to be spodumene

·    XRD: Diffraction patterns were obtained using a Bruker D8 Discover diffractometer using CuKα radiation (40 kV and 40 mA) and scanning from 4 to 90° 2θ in 0.015° 2θ steps, counting for 1.08 s/step for a total scan time of ≈100 minutes/scan • Samples were prepared for random-powder XRD analysis by front loading of pulverised material into a plastic mount • Diffraction patterns displayed in the following slides are presented over the 5-60° and 10°33° 2θ angle-range to better display some of the less intense peaks. To correct for 2θ shifts in the diffraction patterns was shifted using quartz as the internal standard. TIMA automated mineralogy : Mineral and element distribution maps of two polished round mounts (25 mm diameter) were obtained using the TIMA (Tescan Integrated Mineral Analyser), automated mineralogy system at the John De Later Centre.

·
Verification of sampling and assaying ·    The verification of significant intersections by either independent or alternative company personnel.

·    The use of twinned holes.

·    Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

·    Discuss any adjustment to assay data.
·    Duplicate samples of the lithium bearing pegmatite have been submitted to Curtin University in Perth for XRD analysis.

·    The results of these verification analyses are awaited.
Location of data points ·    Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

·    Specification of the grid system used.

·    Quality and adequacy of topographic control.
·    Sample points were determined by handheld GPS which is considered appropriate for the reconnaissance nature of the sampling.
Data spacing and distribution ·    Data spacing for reporting of Exploration Results.

·    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 procedure(s) and classifications applied.

·    Whether sample compositing has been applied.
·    Not applicable due to the reconnaissance nature of the sampling.

·    No attempt has been made to demonstrate geological grade or continuity between sample points.
Orientation of data in relation to geological structure ·    Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

·    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.
·    Not applicable.
Sample security ·    The measures taken to ensure sample security. ·    Sample security is by way of chain of custody.
Audits or reviews ·    The results of any audits or reviews of sampling techniques and data. ·    No review of the sampling technique has been undertaken.

Section 2 Reporting of Exploration Results

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

Criteria JORC Code explanation 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.
·    Exploration Licence E47/3719 is held under Joint Venture by Greentech Metals (51) and Artemis Resources 49%.

·    The tenement is in good standing.
Exploration done by other parties ·    Acknowledgment and appraisal of exploration by other parties. ·      Numerous exploration parties have held the area covered by the current Osborne JV tenure previously. There is no reported previous exploration for lithium bearing pegmatites on the tenements.

·      No other exploration companies generated data was used in this release.

·      Regional RTP aeromagnetic and geology from Geological Survey of WA.

·      The area was previously explored by Fox Resources Ltd a focussed on nickel exploration.
Geology ·    Deposit type, geological setting and style of mineralisation. ·             The lithium bearing pegmatite zone trends WNW-ESE and is hosted by strongly sheared sediments of the Regal Formation.

·             The pegmatites occur as intermittent lenses in strongly sheared sediments assigned to the Regal Formation and are located approximately 3km to the north of the Sholl Shear Zone.

·             The pegmatites are steeply dipping and up to 4m wide.

·             The project area is underlain by the Archean Pilbara Craton, specifically the West Pilbara Superterrane (WPST) of Hickman (2016). The 3280-3070 Ma WPST comprises numerous tectonostratigraphic packages (Sholl, Regal and Karratha Terranes and the Whundo and Nickol River Basins) and igneous complexes that have been variously affected by several tectonic events. The easterly to east-north easterly trending Sholl Shear Zone (SSZ) is a boundary for the regional rock packages. Metamorphic grade is higher to the north of the SSZ, suggesting the present-day surface shows a slightly deeper crustal level on the north side.
Drill hole Information ·    A summary of all information material to the understanding 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.
·    Not applicable.
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.
·    Not applicable.
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').
·    Not applicable as surface sampling is reconnaissance in nature.
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. ·    All the appropriate maps are provided in the body of this announcement.
Balanced reporting ·    Where comprehensive reporting of all 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. ·    This announcement discusses the findings of recent reconnaissance sampling and associated assays by Greentech Metals (ASX: GRE)
Other substantive exploration data ·    Other exploration data, if meaningful and material, should be reported including (but not limited to): geological 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. ·    All meaningful exploration has been included in the body of this announcement.
Further work ·    The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-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.
·    Further ground reconnaissance and sampling in the short term to be determine the surface extent both laterally and along strike and the economic potential of the prospect. Trenching and drilling will also be undertaken if warranted.

JORC Code, 2012 Edition - 2018 Artemis Resources Aqua Regia and Ionic Leach Soils

Section 1 Sampling Techniques and Data

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

Criteria JORC Code explanation Commentary
Sampling techniques ·    Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

·    Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

·    Aspects of the determination of mineralisation that are Material to the Public Report.

·    In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g 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.
•   The soil samples were uniformly collected from 15cm, with colour, moisture and general topography recorded.

•  Two forms of analysis were conducted for the soils, conventional analysis using the AuME-ST44 was applied to samples sieved to -2mm. The second method was Ionic leach where soil samples are sieved to -4mm.

•  The AuME-ST44 is an aqua regia digest with ICP-MS finish for multi-element analysis including: Au, Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, Pd, Pt, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn. Samples are pulverised to 95% passing 75 microns for maximum digestion.

•  Ionic LeachTM  uses a cyanide leach in a buffered solution digest with ICP-MS finish for ultra-low level detection levels for elements including: Au, Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, Pd, Pt, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn, REE. Samples are unpulverized and the technique is known as a partial extraction approach.

•  Field duplicates were taken and submitted for analysis with the soil samples.
Drilling techniques ·    Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core 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). ·    Not applicable
Drill sample recovery ·    Method of recording and assessing core and chip sample recoveries and results assessed.

·    Measures taken to maximise sample recovery and ensure representative nature of the samples.

·    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.
·    Not applicable
Logging ·    Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical 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.
·    The soil samples were uniformly collected from 15cm, with colour, moisture and general topography recorded.
Sub-sampling techniques and sample preparation ·    If core, whether cut or sawn and whether quarter, half or all core taken.

·    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.
·    Not drilling data.

·    Duplicate samples were collected and submitted for analysis with Reference standards inserted during soil sampling.

·    Reference samples were inserted with rock chip samples.
Quality of assay data and laboratory tests ·    The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

·    For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors 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.
·    ALS (Perth) were used for all analysis of samples submitted by Artemis. The laboratory techniques below are for all samples submitted to ALS and are considered appropriate for the styles of mineralisation within the Karratha region.

·    The AuME-ST44 is an aqua regia digest with ICP-MS finish for multi-element analysis including: Au, Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, Pd, Pt, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn. Samples are pulverised to 95% passing 75 microns for maximum digestion.

·    Ionic LeachTM uses a cyanide leach in a buffered solution digest with ICP-MS finish for ultra-low level detection levels for elements including: Au, Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, Pd, Pt, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn, REE. Samples are unpulverized and the technique is known as a partial extraction approach.

·    Field duplicates were taken and submitted for analysis with the soil samples.

·    Standards were used for external laboratory checks by Artemis.

·    Duplicates were used for external laboratory checks by Artemis.
Verification of sampling and assaying ·    The verification of significant intersections by either independent or alternative company personnel.

·    The use of twinned holes.

·    Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

·    Discuss any adjustment to assay data.
·    At least two company personnel verified all significant results
Location of data points ·    Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

·    Specification of the grid system used.

·    Quality and adequacy of topographic control.
·    A Garmin GXL12 hand-held GPS was used to define the location of the soil samples.

·     The grid system used for all Artemis sampling is GDA94 (MGA 94 Zone 50)
Data spacing and distribution ·    Data spacing for reporting of Exploration Results.

·    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 procedure(s) and classifications applied.

·    Whether sample compositing has been applied.
·    The soil samples were taken on north-south orientated lines spaced on a nominal 400 m apart with individual samples taken on a nominal 100 m sample spacing along the lines.
Orientation of data in relation to geological structure ·    Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

·    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.
·    No drilling completed

·    Soil samples were taken on north-south orientated lines spaced on a nominal 400 m apart with individual samples taken on a nominal 100 m sample spacing along the lines.
Sample security ·    The measures taken to ensure sample security. ·    Chain of Custody for soil samples is maintained by Artemis personnel and contractors. Soil samples were collected and stored in seal top polyethylene sample bags which were then stored in numbered storage boxes. These boxes were then transported by Artemis personnel to Bishops Transport in Karratha, who subsequently transported the samples to LabWest in Perth, Wester Australia. Sample submission documents listing the batch number and sample number series accompany the samples at each stage. Samples are checked by LabWest to confirm receipt of all samples and check the condition of the sample Batch.
Audits or reviews ·    The results of any audits or reviews of sampling techniques and data. ·              Data is validated upon up-loading into the master 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 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 2018 soil sample program was completed across a substantial portion of Artemis Resources West Pilara tenure including E47/1797, E47/1746 and E47/3719
Exploration done by other parties ·    Acknowledgment and appraisal of exploration by other parties. ·      The most significant work to have been completed historically in the Greater Carlow area was completed by Open Pit Mining Limited between 1985 and 1987, and subsequently Legend Mining NL between 1995 and 2008.

·      Work completed by Open Pit consisted of geological mapping, geophysical surveying (IP), and RC drilling and sampling.

·      Work completed by Legend Mining Ltd consisted of geological mapping and further RC drilling.

·      Legend also completed an airborne ATEM survey over the project area, with follow up ground-based FLTEM surveying. Re-processing of this data was completed by Artemis and was critical in developing drill targets for the completed RC drilling.

·      Compilation and assessment of historic drilling and mapping data completed by both Open Pit and Legend has indicated that this data is compares well with data collected to date by Artemis. Validation and compilation of historic data is ongoing.

·      All exploration and analysis techniques conducted by both Open Pit and Legend are considered to have been appropriate for the style of deposit.
Geology ·    Deposit type, geological setting and style of mineralisation. ·     The soil sampling program was planned to identify any unknown styles of mineralization in the West Pilbara.
Drill hole Information ·    A summary of all information material to the understanding 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.
·    No drilling undertaken as part of this program.
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.
·    No data aggregation or intercept calculations are included in this release
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').
·    No drilling undertaken as part of this program.
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. ·    Representative plans are provided in this report.
Balanced reporting ·    Where comprehensive reporting of all 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. ·    The report is considered balanced and provided in context.

·    Further exploration including geophysical surveys, mapping, sampling, and other exploration activities are required to fully understand the results in greater detail.
Other substantive exploration data ·    Other exploration data, if meaningful and material, should be reported including (but not limited to): geological 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. ·    The 2018 regional soil exploration program was to establish the baseline information.
Further work ·    The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-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.
·    Follow-up of the numerous identified anomalous areas will continue.

JORC Code, 2012 Edition - 2023 Artemis Resources UFF Greater Carlow Soils

Section 1 Sampling Techniques and Data

(Criteria in this section applies to all succeeding sections)

Criteria JORC Code explanation Commentary
Sampling techniques ·    Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

·    Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

·    Aspects of the determination of mineralisation that are Material to the Public Report.

·    In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g 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.
·    Soil samples were collected in the field by removing any surface vegetation and topsoil and then digging down to the horizon change (generally 10 - 15 cm) from which the sample was taken.

·    Samples for UFF analysis were sieved at the sample site in the field to -2 mm and approximately 350 g of material was collected and bagged with a unique sample identification number.

·    Each sample soil type was logged, and coordinates recorded against the sample number with a handheld GPS receiver.
Drilling techniques ·    Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core 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). ·    No drilling undertaken as part of this program.
Drill sample recovery ·    Method of recording and assessing core and chip sample recoveries and results assessed.

·    Measures taken to maximise sample recovery and ensure representative nature of the samples.

·    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.
·    No drilling undertaken as part of this program.
Logging ·    Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical 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.
·    No drilling undertaken as part of this program Soil Sample type was recorded, and coordinates of each sample site recorded against unique sample identification number.
Sub-sampling techniques and sample preparation ·    If core, whether cut or sawn and whether quarter, half or all core taken.

·    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.
·    UFF+ soil sampling is used to obtain an ultrafine fraction of the soil (-2µm), this is analysed to identify elemental concentrations.

·    Soil samples are collected using a steel shovel, these samples are sieved passing -2 mm in the field to produce a nominal 350 g field sample, this sample is processed using the CSIRO UFF+ workflow to produce an ultrafine fraction to analyse for gold and multi-elements. The sample preparation employed by LabWest has been developed in collaboration with CSIRO.
Quality of assay data and laboratory tests ·    The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

·    For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors 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.
·    Samples were submitted to Labwest for processing and analysis with standards being inserted by the company in-house.

·    LabWest is a commercial independent certified laboratory in Perth, Western Australia.

·    The -2 µm fraction of the soil samples were analysed for Ag, Al, As, Au, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Fe, Ga, Ge, Hf, Hg, In, K, La, Li, <g, Mn, Mo, Nb, Ni, Pb, Pt, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, and Zr via LabWest's Ultrafine + microwave digest with an ICP EOS/MS finish.
Verification of sampling and assaying ·    The verification of significant intersections by either independent or alternative company personnel.

·    The use of twinned holes.

·    Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

·    Discuss any adjustment to assay data.
·    Sample results and standards were reviewed by Artemis Exploration Manager and geologists.

·    Sample results and standards QAQC checked and uploaded into data base by independent data base managers Expedio.
Location of data points ·    Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

·    Specification of the grid system used.

·    Quality and adequacy of topographic control.
·    Soil sample locations are located by handheld GPS receiver to an accuracy of +/- 5 m.

·    Locations are given in GDA94 Zone 50.

·    Diagrams showing sample locations are provided in the report.
Data spacing and distribution ·    Data spacing for reporting of Exploration Results.

·    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 procedure(s) and classifications applied.

·    Whether sample compositing has been applied.
·    The soil samples were taken on north-south orientated lines spaced 160 m apart with individual samples taken on a nominal 80 m sample spacing along the lines.
Orientation of data in relation to geological structure ·    Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

·    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.
·    Surface soil sampling on a grid basis. The grid was designed to sample across the interpreted zones at a high angle.
Sample security ·    The measures taken to ensure sample security. ·    Chain of Custody for soil samples is maintained by Artemis personnel and contractors. Soil samples were collected and stored in seal top polyethylene sample bags which were then stored in numbered storage boxes. These boxes were then transported by Artemis personnel to Bishops Transport in Karratha, who subsequently transported the samples to LabWest in Perth, Wester Australia. Sample submission documents listing the batch number and sample number series accompany the samples at each stage. Samples are checked by LabWest to confirm receipt of all samples and check the condition of the sample Batch.
Audits or reviews ·    The results of any audits or reviews of sampling techniques and data. ·    No Audits have been completed.

Section 2 Reporting of Exploration Results

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

Criteria JORC Code explanation 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 Greater Carlow Project is in Exploration Licence E47/1797, held by KML No2, a 100% owned subsidiary of Artemis Resources.

·    E47/1797 is within the Ngarluma Native Title Determination Area. The tenure is subject to an agreement allowing mining activities including exploration.

·    There are no historical cultural sites or environment protected areas that would prevent the Company from exploring the licence.
Exploration done by other parties ·    Acknowledgment and appraisal of exploration by other parties. ·    The most significant work to have been completed historically in the Greater Carlow area was completed by Open Pit Mining Limited between 1985 and 1987, and subsequently Legend Mining NL between 1995 and 2008.

·    Work completed by Open Pit consisted of geological mapping, geophysical surveying (IP), and RC drilling and sampling.

·    Work completed by Legend Mining Ltd consisted of geological mapping and further RC drilling.

·    Legend also completed an airborne ATEM survey over the project area, with follow up ground-based FLTEM surveying. Re-processing of this data was completed by Artemis and was critical in developing drill targets for the completed RC drilling.

·    Compilation and assessment of historic drilling and mapping data completed by both Open Pit and Legend has indicated that this data is compares well with data collected to date by Artemis. Validation and compilation of historic data is ongoing.

·    All exploration and analysis techniques conducted by both Open Pit and Legend are considered to have been appropriate for the style of deposit.
Geology ·    Deposit type, geological setting and style of mineralisation. ·    Gold mineralisation is associated with shears and breccias associated with the Regal Thrust within greenstones sequences of the Roebourne and Regal Complexes.

·    The greenstone package includes mafic to ultramafic volcanic rocks along with sedimentary units including chert.

·    The greenstones are intruded by the Andover Intrusive Complex, consisting of a series of gabbro and pyroxenite intrusions.

·    Sulphide mineralisation consisting of chalcopyrite, cobaltite, pyrrhotite, pentlandite and pyrite appear to localise in varying quantities near some of these intrusions, particularly when associated with an earlier shear or splay associated with the Regal Thrust.
Drill hole Information ·    A summary of all information material to the understanding 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.
·    No drilling undertaken as part of this program.
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.
·    No data aggregation or intercept calculations are included in this release.
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').
·    No drilling undertaken as part of this program.
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. ·    Representative plans are provided in this report.
Balanced reporting ·    Where comprehensive reporting of all 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. ·    The report is considered balanced and provided in context.

·    Further exploration including geophysical surveys, mapping, sampling, and other exploration activities are required to fully understand the results in greater detail.
Other substantive exploration data ·    Other exploration data, if meaningful and material, should be reported including (but not limited to): geological 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. ·    Historical data collected by Artemis Resources was used to choose the sites for the Ultrafine soils program.

·    Europa Gravity and Marillion EM targets announced 14 November 2022.

·    Titan identified as potential gold exploration target from 2018 ionic soils program announced 5 November 2018.
Further work ·    The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-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.
·    The Company plans to complete mapping, geochemical sampling including rock and Ultrafine soil sampling and geophysical surveys to further investigate the potential for the Greater Carlow project to host additional mineralisation including gold, copper, cobalt, and nickel.

[1] See GRE ASX Announcement dated 7 July 2023

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