Artemis Resources is undertaking a major new base metal drilling programme at its Carlow Castle cobalt-gold-copper project in the Pilbara, Western Australia.
Artemis launched the program to significantly increase Carlow Castle’s JORC 2012 resource, particularly cobalt.
Artemis chief executive Wayne Bramwell said, “These latest shallow cobalt, gold and copper assays from Carlow Castle are outstanding by any measure.
“The mineralisation remains open along strike and at depth, and as such the drilling programme will be expanded to further test this growing resource.”
The best reverse circulation and diamond drill intersections reported include 6.5m at 23.44 grams per tonne (g/t) gold, 2.32 per cent cobalt and 10.35 per cent copper from 47m; and 4m at 7.92g/t gold, 0.56 per cent cobalt and 1.11 per cent copper from 62m.
With the boom in renewable energy and battery storage technology, Artemis perceives a huge export demand for cobalt, which is a key ingredient in lithium-ion batteries.
Before cobalt was on the radar, there was already a 2012 JORC inferred mineral resource at Carlow Castle for 418,000t of gold at 3g/t and 0.6 per cent copper, for a total of 40,000oz of gold and 2500t of copper.
Artemis said that other companies have drilled for gold and copper at Carlow Castle. However, they didn’t consistently assay for cobalt — in spite of the metallurgy showing that the mineral was cobaltite.
Carlow Castle is approximately 35km from Artemis’ major nickel-copper-cobalt processing plant, Radio Hill, which processes all of the company’s projects for gold, cobalt, copper and platinum.