**Summary**
Artemis Resources Limited (ASX/AIMARV) announced the expansion of its holdings in the Cassowary Tenement, with the granting of Exploration Licence E69/4266 (341 km²) covering the Cassowary Intrusion and three adjacent targets. This area is prospective for iron oxide copper-gold (IOCG) type deposits and other intrusion-related mineralization. Key highlights include
1. **Exploration Licence Granted** E69/4266 covers the Cassowary Intrusion (T1) and three other magnetic and structural targets (T2-T4), with geophysical surveys and drilling planned to start in December 2025.
2. **Target Potential** The targets exhibit geophysical features similar to IOCG deposits like Ernest Henry, Carrapateena, and Havieron.
3. **Rift Zone Context** The licence covers the northern part of a 30-40 km wide interpreted rift zone, with further applications made for additional licences (EL69/4330, 447 km²) to cover southern intrusions.
4. **Access Agreement** Negotiations with the Pila Nguru Aboriginal Corporation for access are nearing completion.
5. **Funding and Drilling Plans** Artemis is well-funded following a $4.75m placement and is on track to start RC drilling at the Titan Prospect in September, followed by extensions at the Carlow gold/copper resource.
6. **Project Significance** The Cassowary Intrusion is a high-priority target with a large magnetic footprint, located on the Madura Crustal Boundary, and represents a rare opportunity to explore for large-scale IOCG and other deposit types in an undrilled area.
Artemis’ Managing Director, Julian Hanna, expressed excitement about the tenement grant and the potential of the area, which has been overlooked by previous explorers. The company is poised to commence field activities and drilling programs soon.
**Key Figures**
Granted LicenceE69/4266 (341 km²)
Pending ApplicationsE69/4317 (99 km²), E69/4318 (104 km²), E69/4330 (447 km²)
Funding$4.75m placement announced in July 2025
Location: 440 km east of KalgoorlieWestern Australia
**Forward-Looking Statements**
The announcement includes forward-looking statements regarding exploration plans, targets, and strategies, subject to risks and uncertainties. Artemis disclaims any obligation to update these statements.