Artemis identifies strong mineralisation with assay results imminent

Published at Apr 10, 2017, in Small Caps

Shares in Artemis Resources (ASX:ARV) surged more than 10% on Monday morning after the company announced promising drilling results from the first 32 holes of the current program being conducted at its Carlow Castle project located near Karratha in Western Australia.

It should be noted that share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

Importantly, results from the remaining holes will be reported in the coming weeks, with potential near-term share price momentum coming from the release of assay results from the first seven drill holes within the next week.

Providing confidence in the prospect of receiving promising assay results is the fact that sulphide mineralisation up to 16 metres in width and to depths of 79 metres down hole was identified with cobalt/copper mineralisation visible.

Of further significance is the fact that the strike length of Carlow Castle’s South resource area has been increased to 400 metres from 255 metres with cobalt/copper/gold sulphide zones evident over much larger distances, widths and depths. Both the Carlow Castle and the Quod Est systems remain open in length and depth.

These results are timely given the recent kick in the cobalt price on the London Metals Exchange which has now increased from just shy of US$50,000 per tonne early in the year to more than US$55,000 per tonne, due primarily to the anticipated increase in demand for materials used in energy storage devices.

This has been supported by commentary last week from Tesla regarding a potential shortage of materials used in electric vehicle power storage units. This news sparked share price increases in stocks such as Orocobre, Syrah Resources and Magnis Resources, companies that are also involved in the development of metals used in power storage devices.

Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!