Art Artemis Resources Limited reported that a detailed strategic review of the Company's 100% owned Paterson Gold Project in Western Australia is currently underway with the aim of establishing a development pathway that extracts maximum value for shareholders. Artemis also owns the Radio Hill processing plant, located only 35km from Karratha. The Paterson Gold Project is a 100% Company owned tenement covering 605 km.

It surrounds the 6.5 Moz AuEq Havieron Copper-Gold discovery held by Newmont Mining and Greatland Gold and is located only 42kms from the Telfer copper/gold mine (owned by Newmont). The Paterson Central Gold-Copper Project is located within the Yaneena Basin of the Paterson Province, which hosts large scale mineral deposits, such as the World class Telfer gold-copper mine, recently discovered Winu copper-gold deposit, Nifty copper mine, and the Havieron gold and copper deposit. The Company's Paterson Central project surrounds and is adjacent to the Havieron gold - copper deposit on three sides and covers the same continuous geological domain.

The geology of the project area consists of Canning Basin sediments, primarily Permian siltstones, which overlie Proterozoic meta-sedimentary basement rocks which form the main host rocks to large mineral deposits in the region. The sedimentary cover is 300m thick in the western part of the project area and is interpreted to deepen to over 800m in the east. The Havieron gold and copper deposit is associated with a strong magnetic anomaly and sits under about 450m of sedimentary cover.

Mineralisation at Havieron extends over deep intervals to at least 600m below the base of sedimentary cover, where the mineralisation starts, and it continues to remain open at depth.