Purdy’s Reward sits within a granted Exploration Licence (E47/1745) which covers an area of 29km2
and sits approximately 16km east of Artemis’s fully permitted Radio Hill processing plant and
associated infrastructure. This exploration licence has heritage survey clearance and valid Programmes
of Works with the DMIRS.Artemis announced it had signed a binding Memorandum of Agreement with Canadian listed gold
explorer Novo Resources Corp. (“Novo”). Pursuant to the terms of the Agreement, Novo will spend
A$2m over a 2-year period on any tenements within 100km of Karratha (excluding Mt Oscar) that are
subject to an interest held by Artemis (or its subsidiaries) in order to earn a 50% interest in the
conglomerate and paleo placer style gold mineralisation on those tenements. artemis press release 7 August 2017
OK, like many Aussie companies Artemis has a few shares out: 363,390,940 to be exact as compared to NOVO’s 116 million. And NOVO has other projects in Western Australia. You may have missed the NOVO rise from less than a dollar in June to over $3.00 in August but there may be another way to jump into one of the most interesting gold discoveries in a very long time.
The play here is that 54 million in market cap versus a 365 million market cap suggests there is a buy opportunity down under.
Do your own due diligence and good luck.