ARV - Artemis Resources

[Captain_Chaza]

This little maiden is finding some wind
Note the Magic of "Moly" in the announcement

Salute and Gods' Speed

 

[motion]

Yep also got a mention in todays paper the australian.

I think this is a good young stock. More info to come soon...

http://www.theaustralian.news.com.au/story/0,20867,22064531-23634,00.html

"Such favour has yet to hit another moly stock, recently listed Aussie Q Resources. With its flagship Whitewash project north of Eidsvold, Queensland, the company's $10 million float closed in May. Its case is that world moly production in 2005 was 181,000 tonnes. Just the oil and gas pipelines now being planned will take 250,000 tonnes while the flood of new coal liquefaction plants being built will each require 3000 tonnes a year of molybdenum as a catalyst. Artemis Resources (ARV) has started exploration for molybdenum on ground next door to the deposit owned by Moly Mines. "

 

[greggy]

Yep also got a mention in todays paper the australian.

I think this is a good young stock. More info to come soon...

http://www.theaustralian.news.com.au/story/0,20867,22064531-23634,00.html

"Such favour has yet to hit another moly stock, recently listed Aussie Q Resources. With its flagship Whitewash project north of Eidsvold, Queensland, the company's $10 million float closed in May. Its case is that world moly production in 2005 was 181,000 tonnes. Just the oil and gas pipelines now being planned will take 250,000 tonnes while the flood of new coal liquefaction plants being built will each require 3000 tonnes a year of molybdenum as a catalyst. Artemis Resources (ARV) has started exploration for molybdenum on ground next door to the deposit owned by Moly Mines. "

Hi motion,

This stock may well indeed have a good future. Its also taken a $2.5 million placement of shares in CTS. It will also be having a considerable involvement in the upcoming Apollo Minerals float. A 1 for 1 loyalty option issue is also coming up (this is mentioned in the IPO's Prospectus).
Now for the downside. As an interested investor they have yet to remain to return my calls or email. Why bother investing in a company such as this one if they treat prospective lnvestors like this? Pity though as ARV is an interesting story. Intersuisse has also come out with a Buy rating on this one. But I won't even consider investing until they respond to my queries. If I miss out, I miss out. If and when they do I will post an update here.
DYOR

 

[motion]

Hi motion,

This stock may well indeed have a good future. Its also taken a $2.5 million placement of shares in CTS. It will also be having a considerable involvement in the upcoming Apollo Minerals float. A 1 for 1 loyalty option issue is also coming up (this is mentioned in the IPO's Prospectus).
Now for the downside. As an interested investor they have yet to remain to return my calls or email. Why bother investing in a company such as this one if they treat prospective lnvestors like this? Pity though as ARV is an interesting story. Intersuisse has also come out with a Buy rating on this one. But I won't even consider investing until they respond to my queries. If I miss out, I miss out. If and when they do I will post an update here.
DYOR

Hi Greggy,

Yes this company sure has a good future. It has missed alot of peoples radar and maybe this is why there is not much of a buy side.

Sorry to hear management are not good at responding.. I hope this will change in the future as they are an interesting company.

I'm interested in this company because they are boarding Moly Mines. This said they have some great projects in other places as well.

You are also right about placement in CTS. But they also have a good cash flow see last report 04/05/07.

Well just some info the chew the fat on.. Hope to see you onboard Greggy

Projects at the moment.

Artemis Resources Limited (ARV) is a gold, copper and metals exploration company with the projects located in Western Australia.
Yandal Project:The Project is located 95km from Wiluna in WA. The Project has been reported to contain two inferred mineral resources of 320,000t @ 2.29 g/t Au at Lowlands and 39,600t @ 6.47 g/t Au at Slav Well. Both deposits are shallow oxide resources defined to a depth of approximately 50m and remain open along strike.

Mount Clement:The project is located 35km S-SW of NuStar Mining’s 541,000oz Paulsens gold mine in WA. The project has been reported to contain indicated mineral resources of 526,000t @ 2.4 g/t Au for 40,600oz Au.

Bamboo Creek:The project is located 45km northeast of Marble Bar in the eastern region of the Pilbara Craton in WA. Areas within the project are considered to be prospective for a range of minerals including gold, molybdenum, nickel, chrome and platinum group elements.

Yilgarn Project:The project is prospective for copper and gold and consists of two separate groups of tenements, Yarbu North and Coppermine Bore, which cover part of the Marda-Diemals greenstone belt. The Yarbu North prospect covers an area of 840ha and is approximately 150km north of Southern Cross in WA. The Company intends to conduct initial exploration by way of assembly of all available open file geological and geophysical data with the aim of establishing broad geological models and target areas.

 

[greggy]

Hi Greggy,

Yes this company sure has a good future. It has missed alot of peoples radar and maybe this is why there is not much of a buy side.

Sorry to hear management are not good at responding.. I hope this will change in the future as they are an interesting company.

I'm interested in this company because they are boarding Moly Mines. This said they have some great projects in other places as well.

You are also right about placement in CTS. But they also have a good cash flow see last report 04/05/07.

Well just some info the chew the fat on.. Hope to see you onboard Greggy

Projects at the moment.

Artemis Resources Limited (ARV) is a gold, copper and metals exploration company with the projects located in Western Australia.
Yandal Project:The Project is located 95km from Wiluna in WA. The Project has been reported to contain two inferred mineral resources of 320,000t @ 2.29 g/t Au at Lowlands and 39,600t @ 6.47 g/t Au at Slav Well. Both deposits are shallow oxide resources defined to a depth of approximately 50m and remain open along strike.

Mount Clement:The project is located 35km S-SW of NuStar Mining’s 541,000oz Paulsens gold mine in WA. The project has been reported to contain indicated mineral resources of 526,000t @ 2.4 g/t Au for 40,600oz Au.

Bamboo Creek:The project is located 45km northeast of Marble Bar in the eastern region of the Pilbara Craton in WA. Areas within the project are considered to be prospective for a range of minerals including gold, molybdenum, nickel, chrome and platinum group elements.

Yilgarn Project:The project is prospective for copper and gold and consists of two separate groups of tenements, Yarbu North and Coppermine Bore, which cover part of the Marda-Diemals greenstone belt. The Yarbu North prospect covers an area of 840ha and is approximately 150km north of Southern Cross in WA. The Company intends to conduct initial exploration by way of assembly of all available open file geological and geophysical data with the aim of establishing broad geological models and target areas.

Hi Motion,

Nice summary. Pity about the management though. I would be probably now be if they gave me decent answers. Being next door to MOL's ground is potentially very exciting. Also, Tony Grey is an adviser to the ARV board. From memory, please correct me if I'm wrong, he was a founding director of Pancontinental Mining and is currently a director of Mega Uranium. Mega owns 10% of ARV.
Good luck with your investment Motion and to the sea-faring Captain should he be on board.
DYOR

 

[motion]

Hi Motion,

Nice summary. Pity about the management though. I would be probably now be if they gave me decent answers. Being next door to MOL's ground is potentially very exciting. Also, Tony Grey is an adviser to the ARV board. From memory, please correct me if I'm wrong, he was a founding director of Pancontinental Mining and is currently a director of Mega Uranium. Mega owns 10% of ARV.
Good luck with your investment Motion and to the sea-faring Captain should he be on board.
DYOR

Hi Greggy, You are correct Tony Grey is on board.. they seem to have some good people in the team Frans Voermans is also a well known person and is a Geologist for them. We will see whats happens..

Good luck hope the reply comes soon

 

[ta2693]

ARV’s Spinifex Ridge project is located 50 km north east of Marble Bar in the East Pilbara region of WA. The project lies less than 800 metres to the east of the world class Spinifex Ridge molybdenum-copper project that is now owned by Moly Mines Limited (MOL).

Mol shoot from 3.88 to 7.1 in less than a month.
I think ARV definitely could find something similar to MOL. they are so close (less than 800)

 

[motion]

ARV’s Spinifex Ridge project is located 50 km north east of Marble Bar in the East Pilbara region of WA. The project lies less than 800 metres to the east of the world class Spinifex Ridge molybdenum-copper project that is now owned by Moly Mines Limited (MOL).

Mol shoot from 3.88 to 7.1 in less than a month.
I think ARV definitely could find something similar to MOL. they are so close (less than 800)

Ta2693,

You are very correct this is a small company just waiting to explode and with ARV already started exploration I really think this is one to keep an eye on...

I will try and get some diagrams and more information up about this company soon..

 

[motion]

Hi Guys,

Ann ann out this morning. I have also attached the picture which show how close they are to Moly mines.

This update by management is really highlighting that the second stage is starting. Also highlighting how close they are to moly mines and there findings. I really think ARV have great management and is worth a look with it's current position next to Moly mines.

SECOND STAGE EXPLORATION AT SPINIFEX RIDGE-BAMBOO CREEK PROJECT ABOUT TO COMMENCE.

Highlights

• Northern area, which is adjacent to world-class Spinifex Ridge Molybdenum-Copper deposit, will be the prime target of investigations for similar style of mineralization.

• Several areas to be targeted with potential for Bamboo Creek – style gold mineralization

• Four Kimberlite pipe-like magnetic features to be further investigated for diamond indicators.

Diversified Australian resources company Artemis Resources Ltd (ASX: ARV) advises that the next stage of exploration on the company’s Spinifex Ridge- Bamboo Creek Project in the East Pilbara Region of Western
Australia (refer Figure 1) is due to commence.

Initial exploration conducted earlier this year in the Northern area has identified several zones of alteration which could represent a number of mineralization styles including porphyry-hosted Spinifex Ridge-style molybdenumcopper or Bamboo Creek-style gold mineralization. A copper-stained gossan was located over one of these alteration zones approximately 1000m east and along strike of the Spinifex Ridge deposit.

The gossan returned strongly anomalous values for a number of elements including molybdenum, copper, lead and gold.

Artemis rates these findings as highly encouraging and has planned a detailed assessment of this high priority area.

Other promising targets to be further investigated include several zones of alteration associated with faults and shears which could represent repetitions or extensions of the shear-related Bamboo Creek gold mineralization.

Four possible Kimberlite pipes, one of which is has a near perfect Bullseye image, will be further assessed by ground magnetics and bulk sampling.

The main purpose of this programme is to advance one or several prospects to a stage where promising targets have been generated which are ready for drill testing later this year.

The northern part of Artemis tenement, E45/2596, lies less than 800 metres east of the world-class Spinifex Ridge Molybdenum-Copper Project owned by Moly Mines Ltd (ASX:MOL) .

This mineralization was discovered in the early seventies and subsequently explored by a number of international companies. In July 2006 Moly Mines announced a JORC compliant resource of 500 Million tonnes @ 0.06% Mo and 0.09% Cu Spinifex Ridge ranks as one of largest undeveloped molybdenum deposits in the world with an in situ resource inventory of approximately 620 million pounds molybdenum and 950 million pounds of copper.

Moly Mines is presently undertaking a feasibility study for a “Base Case” 20 million tonnes per annum processing facility. The mine is expected to be operational by mid 2009 and will be Australia’s first entry into the molybdenum market.

Molybdenum is an important additive in stainless steel, chemicals and lubricants and is attracting its best prices in 30 years (over US$30/lb for Molybdenum Oxide) as supplies come under pressure by soaring iron ore demand.

 

[greggy]

Hi Guys,

Ann ann out this morning. I have also attached the picture which show how close they are to Moly mines.

This update by management is really highlighting that the second stage is starting. Also highlighting how close they are to moly mines and there findings. I really think ARV have great management and is worth a look with it's current position next to Moly mines.

SECOND STAGE EXPLORATION AT SPINIFEX RIDGE-BAMBOO CREEK PROJECT ABOUT TO COMMENCE.

Highlights

• Northern area, which is adjacent to world-class Spinifex Ridge Molybdenum-Copper deposit, will be the prime target of investigations for similar style of mineralization.

• Several areas to be targeted with potential for Bamboo Creek – style gold mineralization

• Four Kimberlite pipe-like magnetic features to be further investigated for diamond indicators.

Diversified Australian resources company Artemis Resources Ltd (ASX: ARV) advises that the next stage of exploration on the company’s Spinifex Ridge- Bamboo Creek Project in the East Pilbara Region of Western
Australia (refer Figure 1) is due to commence.

Initial exploration conducted earlier this year in the Northern area has identified several zones of alteration which could represent a number of mineralization styles including porphyry-hosted Spinifex Ridge-style molybdenumcopper or Bamboo Creek-style gold mineralization. A copper-stained gossan was located over one of these alteration zones approximately 1000m east and along strike of the Spinifex Ridge deposit.

The gossan returned strongly anomalous values for a number of elements including molybdenum, copper, lead and gold.

Artemis rates these findings as highly encouraging and has planned a detailed assessment of this high priority area.

Other promising targets to be further investigated include several zones of alteration associated with faults and shears which could represent repetitions or extensions of the shear-related Bamboo Creek gold mineralization.

Four possible Kimberlite pipes, one of which is has a near perfect Bullseye image, will be further assessed by ground magnetics and bulk sampling.

The main purpose of this programme is to advance one or several prospects to a stage where promising targets have been generated which are ready for drill testing later this year.

The northern part of Artemis tenement, E45/2596, lies less than 800 metres east of the world-class Spinifex Ridge Molybdenum-Copper Project owned by Moly Mines Ltd (ASX:MOL) .

This mineralization was discovered in the early seventies and subsequently explored by a number of international companies. In July 2006 Moly Mines announced a JORC compliant resource of 500 Million tonnes @ 0.06% Mo and 0.09% Cu Spinifex Ridge ranks as one of largest undeveloped molybdenum deposits in the world with an in situ resource inventory of approximately 620 million pounds molybdenum and 950 million pounds of copper.

Moly Mines is presently undertaking a feasibility study for a “Base Case” 20 million tonnes per annum processing facility. The mine is expected to be operational by mid 2009 and will be Australia’s first entry into the molybdenum market.

Molybdenum is an important additive in stainless steel, chemicals and lubricants and is attracting its best prices in 30 years (over US$30/lb for Molybdenum Oxide) as supplies come under pressure by soaring iron ore demand.

Nice work agaim motion. IMO this stock is likely to attract more interest when they announce any drilling dates. There's not many shares on issue and if they stick to what they've said in the prospectus a loyalty option issue is likely to take place soon. I'm still on the sidelines though as I've become a bit more cautious investing in the speculative end during the past few weeks.
Still no response to my email which is a bit of a worry.
DYOR

 

[motion]

Nice work agaim motion. IMO this stock is likely to attract more interest when they announce any drilling dates. There's not many shares on issue and if they stick to what they've said in the prospectus a loyalty option issue is likely to take place soon. I'm still on the sidelines though as I've become a bit more cautious investing in the speculative end during the past few weeks.
Still no response to my email which is a bit of a worry.
DYOR

Hey greggy, Thanks mate I do believe that have what it takes to get this one off the ground. But you are right they key here is a number of things and drilling dates is one of them.

I believe that the 1:1 loyalty options will come in October; this is what I'm hearing on the grape vine. I agree with being cautious when buying into speculative stocks as I have been burnt before and it’s not the best feeling when looking into new speculative stocks. I do think ARV have something to offer and if they can product results on the drilling then I think this will really start to get peoples notice.

Sorry to hear about the email, I know management are busy but they should always make time to reply to emails when received from current or future share holders. But keep an eye on this greggy as we might see some movement over the next 6 months.

 

[motion]

Well looks like the time has come for the APOLLO Ann

I have attched the PDF for people interested and currently holding ARV

DETAILS OF APOLLO MINERALS LIMITED IPO FINALISED
Key points:
• Artemis’ shareholders to have priority allocation in Apollo IPO
• Record date for priority allocation of 17 August 2007
• Artemis and Cartesian Capital appointed as Lead Managers of the Apollo Minerals proposed IPO

 

[motion]

Morning Guys,

ARV have an ann out today ! .. I know Uranium is not the product of the month at the moment, But I see this as some postive news for arv and it's future. It's making a real stand and getting in where the key players are currently mining or are about to have success.

The ann can be found on there website.. but here are the highlights...


ARTEMIS ACQUIRES STAKE IN HIGHLY PROSPECTIVE URANIUM PROJECTS IN NIGER, WEST AFRICA

Key points:
• Artemis subsidiary to take 51 per cent interest in two Uranium Projects in Niger (West Africa)

• Tenements are within the highly prospective Tim Mersoi basin in Niger and adjacent to Tegguida uranium deposit (15,000 tonne U3O8) currently being developed by China’s CNNC

• Niger is one of the world’s largest producers of uranium

• Artemis joins other major mining and exploration companies in Niger including Areva, Rio Tinto and Uramin to conduct exploration in one of the world’s richest uranium provinces

 

[greggy]

Morning Guys,

ARV have an ann out today ! .. I know Uranium is not the product of the month at the moment, But I see this as some postive news for arv and it's future. It's making a real stand and getting in where the key players are currently mining or are about to have success.

The ann can be found on there website.. but here are the highlights...


ARTEMIS ACQUIRES STAKE IN HIGHLY PROSPECTIVE URANIUM PROJECTS IN NIGER, WEST AFRICA

Key points:
• Artemis subsidiary to take 51 per cent interest in two Uranium Projects in Niger (West Africa)

• Tenements are within the highly prospective Tim Mersoi basin in Niger and adjacent to Tegguida uranium deposit (15,000 tonne U3O8) currently being developed by China’s CNNC

• Niger is one of the world’s largest producers of uranium

• Artemis joins other major mining and exploration companies in Niger including Areva, Rio Tinto and Uramin to conduct exploration in one of the world’s richest uranium provinces

Hi motion,

ARV's move into Niger is very interesting indeed. Niger is one of the world's richest uranium deposits. Being next door to the Tegguida uranium deposit is also interesting. China's CNNC may well take a closer look at ARV should it come up with some good exploration results. Still at a early stage, but this move is likely to increase market interest.
I'm still not holding, but its on my watch list. I've got my hands full with EMR at the moment.
DYOR

 

[motion]

Hi motion,

ARV's move into Niger is very interesting indeed. Niger is one of the world's richest uranium deposits. Being next door to the Tegguida uranium deposit is also interesting. China's CNNC may well take a closer look at ARV should it come up with some good exploration results. Still at a early stage, but this move is likely to increase market interest.
I'm still not holding, but its on my watch list. I've got my hands full with EMR at the moment.
DYOR

G'day greggy, Great to catchup again.. Yep it's a very interesting move by ARV to get smack bang in the middle of the worlds richest uranium deposits. It's the same strategy as the molly project they have going at the moment buying land right smack bang next to "MOL" Moly Mines. I still think ARV are very much a startup mining company but with some excellent projects in the basket I'm sure this will start to kick off once drilling commences and Apollo starts up as well.

Any reply to your email ?

EMR is a nice little package at the moment... Good luck with it.... Hope to see you on board before the train leaves, but I'm sure you have sometime yet...

 

[greggy]

G'day greggy, Great to catchup again.. Yep it's a very interesting move by ARV to get smack bang in the middle of the worlds richest uranium deposits. It's the same strategy as the molly project they have going at the moment buying land right smack bang next to "MOL" Moly Mines. I still think ARV are very much a startup mining company but with some excellent projects in the basket I'm sure this will start to kick off once drilling commences and Apollo starts up as well.

Any reply to your email ?
Hi motion,

EMR is a nice little package at the moment... Good luck with it.... Hope to see you on board before the train leaves, but I'm sure you have sometime yet...

ARV's ground next door to MOL looks very interesting. If ARV gets some good exploration results on their ground next door I wouldn't be surprised if ARV floats its off. Still early days, but ARV does have a range of interesting projects, is cashed up and has a considerable stake in CTS. As I've said I'm pretty much tied up with EMR at present, but will soon take another look at ARV as it has plenty of potential. No reply to my email as yet.
DYOR

 

[ellehcim]

ANN Out:

One for one bonus option issue for shreholders registered as of 13 Sept.


Buy price 1c
Exercise price 25c
Expire Sept 09.

 

[motion]

ANN Out:

One for one bonus option issue for shreholders registered as of 13 Sept.


Buy price 1c
Exercise price 25c
Expire Sept 09.

Hey ellehcim,

yep thats correct this is a very interesting time for AVR with all the news coming out at the moment and them giving the 1:1 in options I really think people are going to look at this company and it's projects...

It's also interesting they have moved the 1:1 options date and it now closes on the 13 September.... I think if you review all there projects you can see the options are worth every cent..and the share price being around the 29c mark after correction will a all time high of 48 cents and a tight share registry, it's I'm sure the 25c exercise price is looking better and better ....

Hope to see you on board...

 

[motion]

Dam I missed the stock tipping this month... it's now up 18% today with the ann and only 5 sellers left with 113,000 in total... will be interesting day !!

 

[ellehcim]

Hey ellehcim,

yep thats correct this is a very interesting time for AVR with all the news coming out at the moment and them giving the 1:1 in options I really think people are going to look at this company and it's projects...

It's also interesting they have moved the 1:1 options date and it now closes on the 13 September.... I think if you review all there projects you can see the options are worth every cent..and the share price being around the 29c mark after correction will a all time high of 48 cents and a tight share registry, it's I'm sure the 25c exercise price is looking better and better ....

Hope to see you on board...

Yes I hold at the moment - bought in at 27c so happy to hold for now. Saw this as a medium to long term so oppies are welcome for me.