Artemis looks to Canada for dual listing

Radio Hill

ASX-listed explorer Artemis Resources is seeking a dual listing in Canada.

Artemis, which is advancing the Karratha and Mt Clement Paulsens gold projects in Western Australia, formed a joint venture with Canada’s Novo Resources during 2017.

The two companies are particularly focused on the development of the Karratha gold project, which includes the Purdy’s Reward and Comet Well prospects.

Artemis last month also secured $6 million in funding for the refurbishment of the 100 per cent-owned Radio Hill copper-nickel-cobalt plant in the Pilbara, which it plans to restart in the second quarter of 2018.

David Lenigas, Artemis executive chairman, said the board was working diligently to upgrade its resources to JORC 2012 complaint status.

He added this was a “considerable and lengthy task” considering the number of deposits that exist within its portfolio surrounding the Radio Hill plant.

“This work is under way to prepare for production from a number of our mining assets when the Radio Hill processing plant is re-commissioned around the middle of the year,” Lenigas said.

“All of these resources will also require conversion to comply with the Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects.

“We consider it important and necessary to expand our investor base further in to the North American market and provide a regulated trading platform for Artemis’ securities live in their time zone.”

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