Northern Star buys Mt Clement
PERTH (miningweekly.com) – Junior Artemis Resources has struck an agreement with joint venture (JV) partner Northern Star Resources to divest of its 80% interest in the Mt Clement gold project, in Western Australia.
Under the terms of the agreement, Artemis will be paid A$344 000 in cash and will retain a 1% net smelter royalty over the project area.
Artemis executive director Alastair Clayton on Tuesday said that the transaction with Northern Star represented another step in the company’s ongoing noncore project divestment programme.
The deal with Northern Star followed an April agreement with Novo Resources Corporation for the A$4.8-million sale of Artemis’ interest in the Purdy’s Reward and 47K Patch gold projects.
The Mt Clement project is 30 km from Northern Star’s Paulsens gold mine, and is estimated to host a Joint Ore Reserves Committee-compliant resource of 64 400 oz of gold and 618 500 oz of silver.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















