Artemis Resources plans to deliver first copper production at the Whundo mine in Western Australia next week.
The Whundo mine is one of the Fox Radio Hill assets being purchased by Artemis from Fox Resources.
Artemis also signed a copper supply deal with Blackrock Metals, which operates the Whim Creek copper heap leach and solvent extraction and electrowinning recovery operations. The deal outlines that Artemis will initially supply 50,000 tonnes of copper oxide at 1.5 per cent copper.
The ore will be purchased from the mine’s stockpiles and trucked about 160km to Whim Creek, according to Artemis. First deliveries of copper are expected to start in early April.
David Lenigas, Artemis chairman, said: “Artemis is not only planning to commence gold production from its Nickol River next week but this deal also gets us in to profitable copper production very quickly.
“We also see tremendous scope to rapidly expand this deal with Blackrock in the coming months.”
Artemis has submitted a programme of works to WA department of mines and petroleum for an extensive drilling campaign at the Whundo and Whundo West pits to expand the open pit oxide resource.
The company plans to start drilling shortly after the programme is approved.