Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF) executive director George Ventouras joins Proactive’s Tylah Tully to discuss a Memorandum of Understanding with Anax Metals Ltd (ASX:ANX) to explore opportunities to collaborate in the West Pilbara region of Western Australia.
The MoU, which establishes a Pilbara copper alliance, will examine the opportunity to process copper from Artemis' Greater Carlow resource as well as gold exploration on Anax’s tenements in the region.
Both companies will investigate processing Artemis' copper at the proposed Whim Creek processing hub, which is seen as a potential major copper producer. The agreement also allows Artemis to explore gold on Anax’s properties.
Ventouras expressed enthusiasm about the partnership, which aligns with each company’s expertise and goals in the region.
The MoU covers a 12-month period with the possibility of extending the alliance to include deposits such as Whim Creek, Sulphur Springs Oxide, Whundo and Carlow Castle. Artemis anticipates that this partnership will lead to operational efficiencies, better funding terms, reduced costs and a smaller environmental footprint through the use of a shared processing facility.
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