Cory should have probably announced this not me.Anyways• 13...

Cory should have probably announced this not me.Anyways

• 13 hole, 1,820m RC drilling program has commenced at Munni Munni.
• The program is designed to:
• Extend primary reef mineralisation and test historical assay
grades from diamond drilling using RC drilling.
• Test for the presence of a second reef below the primary PGE
reef.
• Generate data that may contribute to a JORC 2012 Mineral
Resource Estimate in the future.
• High resolution air-photography to provide detailed images for future
project planning purposes.
• Detailed survey of the holes drilled in this program will be completed
plus re-survey of approximately 10% (20 holes) of historical holes to
validate hole data assisting in JORC 2012 Mineral Resource Estimate.
• Proposed transaction announced 28 April 2020 (“Empire Transaction”)
is still in progress and current and future project parties are working
constructively

“It is terrific to be back exploring at the Munni Munni PGE Project. Drilling using an
RC rig is designed to grow the footprint of the known reef-style PGE mineralisation
and test for, what our technical team believes, may be a second reef below and subparallel to the primary reef.
Whilst the previously announced Empire Transaction regarding the proposed sale of
51% of the Company’s 70% beneficial interest in the Munni Munni PGE Project Joint
Venture (to be effected through the sale of a 72.9% shareholding interest in the
Company’s wholly owned subsidiary Munni Munni Pty Ltd (“MMPL”)) has yet to close,
we and our 30% partner in the Munni Munni PGE Project Joint Venture, ASX-listed
Platina Resources (PGE.AX) Limited (“Platina”) believe it is imperative to keep the
Project moving forward with the stated aim of generating a JORC 2012 resource as
soon as practicable. Our prospective partners in the Empire Transaction are also
supportive of this programme.”
“Artemis, through the proposed Empire Transaction, would retain both direct and
indirect exposure to the Munni Munni PGE Project via becoming the single largest
shareholder in Empire Metals Limited (“LON:EEE”) for its 58.6% in MMPL, which will
continue to hold a 70% interest in the Munni Munni PGE Project, and retain a 27.1%
shareholding in MMPL, free carried to completion of a Bankable Feasibility Study.”