Artemis Resources Limited ABN: 80 107 051 749

Telephone: +61 2 9078 7670 | Facsimile: +61 2 9078 7661 | Email: info@artemisresources.com.au

Level 9, 50 Margaret Street, SYDNEY NSW 2000 | PO Box R933 Royal Exchange, NSW 1225 Australia www.artemisresources.com.au

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ASX Announcement 12 November 2013

35.7% Sb - HIGHEST ANTIMONY RESULT TO DATE AT EASTERN HILLS New Dugite Zone grades overshadow Taipan Zone

EASTERN HILLS ANTIMONY-LEAD (Sb - Pb) DEPOSIT

New zone at Eastern Hills reveals highest antimony grade to date

Dugite Zone rock chip sample returns 35.7% Sb, 29.0% Pb, 1,335g/t Ag & 0.56g/t Au

Significant gold mineralisation also identified – up to 3.36g/t Au in Dugite Zone rock chip sample

Historic rock chip results up to 33.0% Sb, 36.0% Pb, 1,500g/t Ag & 6.80g/t Au also on Dugite Zone

Reinforces potential of new zones to add to Taipan Zone metal inventory

Follow-up field campaign in November to close off 2013 field season

JORC code compliant resource estimation of Taipan Zone mineralisation is underway

Artemis Resources Limited (ASX: ARV) is pleased to announce that high grade assay results have been received from follow-up geological mapping and sampling of antimony-lead mineralisation zones identified in close proximity to the Taipan Zone at Eastern Hills (Figure 1), located in the Ashburton region of Western Australia (Figure 4). While the Taipan Zone was the focus of Artemis’ recent drilling programme and current JORC resource study, the Company announced in September

1 that it had identified three additional zones of similar style mineralisation that appear to be

part of a more widespread mineralised system – the Dugite, Gwardar and Tiger Zones. The latest rock chip sampling results from the Dugite Zone, located just north of the Taipan Zone, have returned the highest antimony grade seen to date at the Eastern Hills Project of 35.7% Sb. The same sample, collected from the eastern portion of the Dugite Zone (Figures 1 & 2), also included extremely high grades of 29.0% Pb, 1,335g/t silver (Ag) & 0.56g/t gold (Au). Further significant results from the Company’s October rock chip sampling of the new zones included:

5.4% Sb, 9.2% Pb, 277g/t Ag & 1.53g/t Au (Dugite Zone)

1.1% Sb, 3.9% Pb, 44g/t Ag & 3.36g/t Au (Dugite Zone)

3.8% Sb, 11.7% Pb, 50g/t Ag & 0.24g/t Au (Tiger Zone) These results elevate the Dugite Zone to become a key focus in the Company’s quest for additional resources to add to the mineralisation recently drilled at the Taipan Zone. This is reinforced by Artemis’ recent re-evaluation of previously unseen historical data which revealed rock chip sampling results of up to 33.0% Sb, 36.0% Pb, 1,500g/t Ag & 6.80g/t Au in the vicinity of the Dugite Zone high grade results described above (Figure 2). Artemis will undertake another detailed mapping and sampling campaign of the Dugite, Gwardar and Tiger Zones over the coming weeks, before the end of the field season. Artemis General Manager-Exploration, Trevor Woolfe, commented: “Our exceptionally high grade rock chip results from the Dugite Zone that correlate with equally exceptional historical sampling results highlight the new zone’s antimony-lead-silver-gold potential in addition to that already outlined at the Taipan Zone. The high grades at Dugite are significantly higher than any of the surface sampling results recorded on the Taipan Zone.”

1 As per ASX announcement dated 26th September 2013 “New Antimony Zones Identified at Eastern Hills”

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The exceptional Artemis results described above are located at the eastern end of the Dugite Zone (Figure 1). Other significant results from the recent Artemis surface sampling can be seen in Table 1, with significant historic rock chip results recorded in Table 2. A more detailed view of the distribution of the high grade samples to the east of the Dugite Zone can be seen in Figure 2.

Figure 1: Eastern Hills - Latest Sampling of New Zones Adjacent to Taipan Zone (recently drilled)

EASTERN HILLS Sb-Pb – A MULTIPLE VEIN SYSTEM CONFIRMED In January 2013, Artemis announced an exploration target

2 at Eastern Hills. This target was based on antimony-lead

mineralisation identified by historical exploration on a singular massive sulphide vein (now known as the Taipan Zone) over a strike length of at least 600m. Identification of three new zones (Dugite, Gwardar and Tiger), as well as extensions to the Taipan Zone, through mapping and sampling in September

1, increased the potentially mineralised

combined strike length of all four zones by 350% to 2.8km. Quartz-sericite alteration and silicification along fault structures identified at Dugite, Gwardar and Tiger corresponds with similar mineralised alteration on the Taipan Zone and indicates that the Eastern Hills system is not a lone vein, but a multiple vein system. The latest round of rock chip sampling, consisting of 15 samples, was undertaken during breaks in the recent Taipan Zone drilling programme. Sampling was focussed on the Dugite and Tiger Zones in response to positive results received from our initial mapping programme in September where results of up to 2.9% Sb (Dugite Zone) and 5.0% Sb (Tiger Zone) were obtained

1.

2 Exploration target reported in ASX Announcements dated 16 and 18 January 2013

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Significant results from the latest rock chip sampling (Table 1) provide further evidence that Eastern Hills is shaping up to be a significantly mineralised multi-vein system predominantly containing antimony-lead with locally rich precious metals. In addition to the exceptional antimony and lead results (35.7% and 29% respectively), silver up to 1,335g/t (or 43oz/t) and 3.36g/t gold have been obtained on the Dugite Zone (Table 1). The Tiger Zone also reported significant results up to 3.8% Sb.

Sample ID

East (m)

North (m)

Sb (%)

Pb (%)

Ag (g/t)

Au (g/t)

Target Zone

238638 410,065 7,474,450 1.1 3.9 44 3.36 Dugite

238639 410,145 7,474,513 35.7 29.0 1335 0.56 Dugite

238640 410,533 7,475,097 3.8 11.7 50 0.24 Tiger

238641 410,528 7,475,093 1.6 3.0 17 0.13 Tiger

238798 409,837 7,474,399 0.5 0.3 4 3.16 Dugite

238799 409,829 7,474,393 5.4 9.2 277 1.53 Dugite

Coordinate system: MGA94 (Zone 50) Table 1: Eastern Hills Best Reconnaissance Sampling Results

3– October 2013

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Taipan Zone Drilling from the Company’s recently completed 15 hole reverse circulation (2,470 metre) programme along the Taipan Zone (Figure 1) has confirmed the excellent potential for this zone with the deposit extended to at least 850m strike length, and it remains open to the east and down-dip

5. Artemis has now commenced a JORC code compliant resource

estimation on the Taipan Zone. Dugite Zone The Dugite Zone lies immediately to the north of the Taipan Zone (Figure 1). This zone currently has a mapped strike length of approximately 1.1km and is striking east-northeast. As mentioned above, further encouragement was obtained from the latest rock chip sampling campaign with one particularly high grade result (sample 238639 - Table 1). Artemis recently uncovered, and reviewed, historical rock chip sampling results along the Dugite Zone. Significant historical results (Sb>1%) are provided in Table 2 and are displayed on Figure 2. The results provide further support that the eastern end of the Dugite Zone is highly prospective for exceptionally high grade antimony, lead, silver and gold. Results of the historical sampling returned up to 33.0% Sb, 36.0% Pb, 1,500g/t Ag & 6.80g/t Au within a 50m zone of Artemis’ recent high grade antimony result (sample 238639), all of which were taken from the eastern end of the Dugite Zone. More detail of the results from both phases of sampling can be seen in Figure 2 which clearly shows high grade zones associated with two northwest-southeast trending interpreted fault zones cross-cutting the Dugite Zone. The two cross-cutting structures, which also appear to cut the eastern end of the Taipan Zone, are interpreted to have provided a pathway for mineralising fluids.

3 Best results selected if Sb>1.0% or Au>0.2ppm

4 Laboratory analysis of samples undertaken by ALS Laboratories Perth and Brisbane. Analysis of individual elements, with relevant method, is Sb

(ME–XRF05, ME–XRF15b on assays greater than 1% Sb, and ME_XRF-15c on assays greater than 20% Sb), Ag (ME-ICP61 and OG62 on assays greater than 100ppm Ag), Pb (ME-ICP61 and OG62 on assays greater than 1% Pb), Au (Au-AA23) 5 As per ASX announcement dated 6th November 2013 “ Antimony Mineralisation Extends West at Eastern Hills”

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Figure 2: Dugite Zone (East) – Artemis & Historic Sampling Results and Mapping

6 (refer Fig 1)

The recent and historical sampling results have defined not only significant base metal (Sb & Pb) mineralisation but also significant zones of precious metal (gold and silver) mineralisation at numerous points along the Dugite Zone (Figure 3). Dugite Zone precious metal results include (see Tables 1 and 2):

220g/t Ag & 6.80g/t Au (EHG057 - historic result)

110g/t Ag & 6.40g/t Au (EHG001 - historic result)

200g/t Ag & 3.90g/t Au (EHG002 - historic result)

44g/t Ag & 3.36g/t Au (238638 - Artemis result)

1,500g/t Ag & 0.50g/t Au (EHG141 - historic result)

1,335g/t Ag & 0.56g/t Au (238639 - Artemis result) Mineralisation at the eastern end of the Dugite Zone is interpreted to be the result of a northwest-southeast fault zone cross-cutting the Dugite silica alteration zone roughly perpendicular to the strike of that zone. It would appear that this later stage cross-cutting fault zone provides the fluid pathway for the antimony-lead-silver-gold mineralisation seen at the Eastern Hills deposit. This model provides encouragement for further discoveries of mineralisation on both the Gwardar and Tiger Zones, which at this point have not been mapped or sampled to the same level of detail as the Dugite Zone.

6 Best results selected if Sb>5.0%

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Sample ID East (m) North (m) Sb (%)

Pb (%)

Ag (g/t)

Au (g/t)

Target Zone

EHG001 410,142 7,474,459 1.0 28.0 110 6.40 Dugite

EHG002 410,143 7,474,459 1.7 29.0 200 3.90 Dugite

EHG019 410,137 7,474,454 1.7 35.0 130 3.20 Dugite

EHG020 410,137 7,474,459 1.1 13.0 140 3.20 Dugite

EHG033 410,317 7,474,554 2.3 6.0 28 1.08 Dugite

EHG035 410,337 7,474,584 3.5 8.6 160 0.06 Dugite

EHG057 410,149 7,474,454 2.2 3.3 220 6.80 Dugite

EHG125 410,246 7,474,555 19.5 36.0 250 0.32 Dugite

EHG137 410,162 7,474,528 10.8 13.0 22 0.21 Dugite

EHG138 410,196 7,474,538 1.3 0.2 3 0.01 Dugite

EHG139 410,143 7,474,516 4.3 5.6 18 0.38 Dugite

EHG140 410,138 7,474,516 21.5 29.5 140 0.39 Dugite

EHG141 410,132 7,474,511 33.0 30.5 1500 0.50 Dugite

EHG142 410,121 7,474,505 8.6 9.4 135 1.25 Dugite

EHG143 410,235 7,474,519 6.2 10.6 35 0.82 Dugite

EHG144 410,307 7,474,521 8.2 9.0 9 0.10 Dugite

Coordinate system: MGA94 (Zone 50)

Table 2: Dugite Zone (East) - Historical Sampling Results7

Figure 3: Eastern Hills – Artemis & historic sampling results (gold and silver)

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7 Laboratory analysis of historical Taipan Resources NL samples undertaken by Genalysis Laboratory Services Pty Ltd Perth in 1996, refer to JORC

Table 1 at the end of this announcement for further information. 8 Best results selected if Au>0.2g/t or Ag>15g/t

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Tiger Zone The Tiger Zone is located 500 metres to the northeast of the Taipan Zone (Figure 1) and returned a high grade result of 5.0% Sb from the recent September 2013 sampling programme. Follow-up work during October detailed further encouraging mineralisation with 3.8% Sb and 1.6% Sb results obtained from this latest campaign (Table 1). The Tiger Zone has a northeast orientation which, although different from the more central alteration zones, still shows evidence of a pathway for mineralisation along the fault structure. The Tiger Zone, with only limited mapping and sampling by Artemis to date (8 samples), will be a focus for follow-up mapping and rock chip sampling this month.

Gwardar Zone The Gwardar Zone was recently identified

1 and lies to the north of the Dugite Zone (Figure 1) with an approximate

strike length of 700m. No further mapping or sampling of this zone was undertaken during the recent sampling programme. To date only one rock chip sample has been taken by Artemis from the Gwardar Zone and an encouraging result of 0.4g/t Au was recorded. A gold result of this level is encouraging as it suggests a potential link between the nearby Mt Clement gold deposit and the western end of the Eastern Hills mineralisation. More systematic mapping and sampling of the Gwardar Zone is currently being planned. November Field Campaign Following the encouragement of reconnaissance mapping and sampling to date, the Dugite, Gwardar and Tiger zones will now be subjected to a more detailed mapping and rock chip sampling programme with the objective of defining further targets outside of the Taipan Zone for drill testing to be undertaken in the 2014 field season. This campaign will be undertaken in November prior to the onset of the wet season, with results expected in the New Year.

Table 3: Proposed activities and progress for Eastern Hills ProjectFor

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ABOUT ARTEMIS RESOURCES Artemis Resources Limited is a resources exploration company with a focus on its prospective Mount Clement (gold), Eastern Hills (antimony), Yandal (gold) and West Pilbara (gold and base metals) projects in Western Australia. These projects have significant exploration potential and close proximity to existing important deposits or producing mines. Artemis aims to develop a significant gold inventory through exploration and acquisitions which have the potential to become mines and create shareholder value.

Figure 4 For further information, please contact:

Guy Robertson James Moses Executive Director Mandate Corporate Phone: +61 2 9078 7670 Mob: 0420 991 574 Email: info@artemisresources.com.au Email: james@mandatecorporate.com.au Web Site: www.artemisresources.com.au Tony Dawe

Professional Public Relations

+61 8 9388 0944

Email: tony.dawe@ppr.com.au

Competent Person Statements

The information in this document that relates to Exploration Results and Exploration Targets is based on information compiled or reviewed by Mr Trevor Woolfe, who is a Member of The Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Woolfe is a consultant to the Company, and is employed by Alexander Cable Pty Ltd. Mr Woolfe has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Woolfe consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Forward Looking Statements

This report contains forecasts, projections and forward looking information. Such forecasts, projections and information are not a guarantee of future performance and involve unknown risks and uncertainties, many of which are out of Artemis’ control. Actual results and developments will almost certainly differ materially from those expressed or implied. Artemis has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. To the maximum extent permitted by applicable laws, Artemis makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for (1) the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this report and (2) without prejudice to the generality of the foregoing, the achievement or accuracy of any forecasts, projections or other forward looking information contained or referred to in this report.

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JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary

Sampling techniques

Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the Public Report.

In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

A rock chip sampling technique testing specific

geological targets was used to obtain a 0.5-1.5kg

sample for submission to the laboratory for ICP

and XRF analysis.

No field duplicates or blanks were submitted for

analysis.

Drilling techniques

Drill type (eg core, reverse circulation, open-hole

hammer, rotary air blast, auger, Bangka, sonic,

etc) and details (eg core diameter, triple or

standard tube, depth of diamond tails, face-

sampling bit or other type, whether core is

oriented and if so, by what method, etc).

Not applicable

Drill sample recovery

Method of recording and assessing core and

chip sample recoveries and results assessed.

Measures taken to maximise sample recovery

and ensure representative nature of the

samples.

Whether a relationship exists between sample

recovery and grade and whether sample bias

may have occurred due to preferential loss/gain

of fine/coarse material.

Not applicable

Logging Whether core and chip samples have been

geologically and geotechnically logged to a level

of detail to support appropriate Mineral

Resource estimation, mining studies and

metallurgical studies.

Whether logging is qualitative or quantitative in

nature. Core (or costean, channel, etc)

photography.

The total length and percentage of the relevant

intersections logged.

All rock samples are geologically logged by the

geologist in the field.

It is not considered that these samples will be

used to support appropriate Mineral Resource

estimation, mining studies or metallurgical studies.

Logging is considered to be semi-quantitative

given the nature of the alteration of these surficial

rock chips and the inability to obtain detailed

geological information.

Sub-sampling techniques and sample

If core, whether cut or sawn and whether

quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary

The random sampling of rock chips is considered

representative of the mineralisation contained in

the identified alteration zones (Taipan, Dugite,

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Criteria JORC Code explanation Commentary

preparation split, etc and whether sampled wet or dry.

For all sample types, the nature, quality and

appropriateness of the sample preparation

technique.

Quality control procedures adopted for all sub-

sampling stages to maximise representivity of

samples.

Measures taken to ensure that the sampling is

representative of the in situ material collected,

including for instance results for field

duplicate/second-half sampling.

Whether sample sizes are appropriate to the

grain size of the material being sampled.

Gwardar and Tiger Zones at the Eastern Hills

Project).

No field duplicates were collected for analysis.

A sample size of 0.5-1.5kg was collected and

considered appropriate and representative for the

grain size and style of mineralisation

Quality of assay data and laboratory tests

The nature, quality and appropriateness of the

assaying and laboratory procedures used and

whether the technique is considered partial or

total.

For geophysical tools, spectrometers, handheld

XRF instruments, etc, the parameters used in

determining the analysis including instrument

make and model, reading times, calibrations

factors applied and their derivation, etc.

Nature of quality control procedures adopted (eg

standards, blanks, duplicates, external

laboratory checks) and whether acceptable

levels of accuracy (ie lack of bias) and precision

have been established.

ALS Laboratory (Perth & Brisbane) was used for

all analysis work carried out on the Artemis

Resources Ltd rock chip samples. The laboratory

techniques below are for all samples submitted to

ALS and are considered appropriate for the style

of mineralisation defined at the Eastern Hills

Antimony-Lead Project:

o PUL-32 & CRU-21 (Sample

Preparation Codes)

o ME-ICP61 Ag-As-S-Pb-Zn (4 Acid

Digest; AES Finish) Sb by ME-

ICP61 for twinned drillholes only.

o OG62 over-range Ag-Pb

o Au-AA23 Au (Fire Assay Gold)

o ME-XRF05 Sb (Pressed Pellet

XRF)

o ME-XRF15b for Sb >10,000 ppm

but <20,000ppm; Sb Only (Fusion

XRF)

o ME-XRF15c for Sb >20,000ppm;

Sb Only (Fusion XRF)

Genalysis Laboratory Services Pty Ltd (Perth) was

used for all analysis work carried out on Taipan

Resources NL rock chip samples. The laboratory

techniques below are for all samples submitted to

Genalysis and were considered appropriate for the

style of mineralisation defined at the Eastern Hills

Antimony-Lead Project at the time of submittal

(1996):

o No information on sample

preparation procedures is available

o B/AAS Au-Cu-Zn-Ag-As-Sb-Pb-Bi

(Aqua Regia Digest; Flame AAS

Finish).

o AX/AAS (4 acid digest, Flame AAS

finish) over-range Ag-Pb

o AX/MS (4 acid digest, ICP MS

finish) over-range Sb-Bi

Verification of sampling

The verification of significant intersections by

either independent or alternative company

At least two company personnel verify all

significant results.

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Criteria JORC Code explanation Commentary

and assaying personnel.

The use of twinned holes.

Documentation of primary data, data entry

procedures, data verification, data storage

(physical and electronic) protocols.

Discuss any adjustment to assay data.

All geological mapping and sampling information

is completed firstly on to paper maps and survey

books before being transferred to Microsoft Excel

spreadsheets. All electronic field data is then

transferred into a Microsoft Access database for

validation and compilation. Physical maps and

sampling data are returned to the Artemis head

office for scanning and storage. Electronic copies

of all information are backed up daily.

No adjustments of assay data are considered

necessary.

Location of data points

Accuracy and quality of surveys used to locate

drill holes (collar and down-hole surveys),

trenches, mine workings and other locations

used in Mineral Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

A Garmin GPSMap62 hand-held GPS is used to

define the location of the rock chip sample

locations. Standard practice is for the GPS to track

the location of the user constantly and the location

of the rock chip samples are recorded

electronically as ‘waypoints’ at the time of

sampling. Sample locations are considered to be

accurate to within 5m.

Grid system used for Artemis Resources Ltd

sampling is MGA 94 (Zone 50)

Topographic control is obtained from surface

profiles created by close spaced historical

aeromagnetic survey data and calibrated with

GPS surface measurements. It will be necessary

to undertake more detailed topographic controls

later in the program.

Historical (Taipan Resources NL) locations were

obtained by a handheld GPS using the AMG66

coordinate system. Artemis has converted these

locations to MGA94 using mining software

(Mapinfo coordinate converter) before validating

the data for storage in an Access database.

Data spacing and distribution

Data spacing for reporting of Exploration

Results.

Whether the data spacing and distribution is

sufficient to establish the degree of geological

and grade continuity appropriate for the Mineral

Resource and Ore Reserve estimation

procedure(s) and classifications applied.

Whether sample compositing has been applied.

Rock chip sampling has been completed on

specific geological targets during geological

mapping activities.

Data from rock chips will not be used in resource

and reserve estimations. Sampling is based on

specific geological targets to understand

geochemical distribution.

No sample compositing is used in this report.

Orientation of data in relation to geological structure

Whether the orientation of sampling achieves

unbiased sampling of possible structures and

the extent to which this is known, considering

the deposit type.

If the relationship between the drilling orientation

and the orientation of key mineralised structures

is considered to have introduced a sampling

bias, this should be assessed and reported if

material.

Most rock chip samples have been obtained whilst

conducting reconnaissance geological mapping

which was seeking to identify mineralised

structures/lodes.

As the sampling was targeting specific lithologies,

to understand the distribution of geochemistry

within different rock types and alteration types,

there may be some bias in these samples.

Sample security

The measures taken to ensure sample security. The chain of custody is managed by the project

geologist who places calico sample bags in

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Criteria JORC Code explanation Commentary

polyweave sacks. Up to 10 calico sample bags are

placed in each sack. Each sack is clearly labelled

with:

Artemis Resources Ltd

Address of laboratory

Sample range

Samples were delivered by Artemis personnel to

the Paulsens mine site freight dispatch area in

order to be loaded on the next available truck of a

reputable freight provider. The freight provider

delivers the samples directly to the laboratory.

Detailed records are kept of all samples that are

dispatched, including details of chain of custody.

Audits or reviews

The results of any audits or reviews of sampling

techniques and data.

No audit of sampling data has been completed to

date but a review will be conducted once all data

from ALS Laboratory (Perth and Brisbane) has

been compared with umpire laboratory results of

drill hole results from a drilling programme

conducted contemporaneously with the rock chip

sampling. Data is validated when loading into the

database.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary

Mineral tenement and land tenure status

Type, reference name/number, location and

ownership including agreements or material

issues with third parties such as joint ventures,

partnerships, overriding royalties, native title

interests, historical sites, wilderness or national

park and environmental settings.

The security of the tenure held at the time of

reporting along with any known impediments to

obtaining a licence to operate in the area.

M08/193 – 100% held by Artemis Resources

Gold rights – Artemis 80%, joint venture

with Northern Star Resources Ltd 20%

E08/1841 – held 100% by Artemis Resources

The tenements are in good standing and no

known impediments exist (see map elsewhere

in this report for locations).

Exploration done by other parties

Acknowledgment and appraisal of exploration

by other parties.

Previous exploration of the Eastern Hills

Antimony-Lead Project was conducted in 1996-

97 by Taipan Resources NL. This exploration

comprised geological mapping, rock and soil

sampling plus two programmes of RC drilling.

All exploration and analysis techniques

conducted by Taipan Resources are considered

to have been appropriate given the limited

knowledge of the area and available techniques

at the time.

Geology Deposit type, geological setting and style of

mineralisation.

The Eastern Hills antimony-lead deposit is a

fault/vein hosted subvertical structure and

outcropping over a strike length of at least

800m. Recent drilling identified mineralisation to

at least 220m vertical depth. The deposit

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Criteria JORC Code explanation Commentary

remains open along strike to the east and at

depth.

Mineralisation occurs as massive sulphides

bounded by a broader zone of disseminated

sulphides. Sulphide mineralogy consists of

pyrite, boulangerite – a lead-antimony sulphide

– and arsenopyrite with minor pyrrhotite,

chalcopyrite and galena.

The reconnaissance mapping that is the subject

of this report has confirmed three new alteration

zones (named Dugite, Gwardar & Tiger) which,

given the currently available information, appear

to be analogies of the Eastern Hills antimony-

lead deposit geology (termed the ‘Taipan’

Zone).

Drill hole Information

A summary of all information material to the

understanding of the exploration results

including a tabulation of the following

information for all Material drill holes:

o easting and northing of the drill hole collar

o elevation or RL (Reduced Level – elevation

above sea level in metres) of the drill hole

collar

o dip and azimuth of the hole

o down hole length and interception depth

o hole length.

If the exclusion of this information is justified on

the basis that the information is not Material and

this exclusion does not detract from the

understanding of the report, the Competent

Person should clearly explain why this is the

case.

Not applicable.

Data aggregation methods

In reporting Exploration Results, weighting

averaging techniques, maximum and/or

minimum grade truncations (eg cutting of high

grades) and cut-off grades are usually Material

and should be stated.

Where aggregate intercepts incorporate short

lengths of high grade results and longer lengths

of low grade results, the procedure used for

such aggregation should be stated and some

typical examples of such aggregations should

be shown in detail.

The assumptions used for any reporting of

metal equivalent values should be clearly

stated.

A lower cut-off grade of 1% Sb and/or 0.2 g/t Au

have been used for assessing significant

intercepts, and no upper cut-off grade was

applied.

No metal equivalents are used for reporting.

Relationship between mineralisation widths and intercept lengths

These relationships are particularly important in

the reporting of Exploration Results.

If the geometry of the mineralisation with

respect to the drill hole angle is known, its

nature should be reported.

If it is not known and only the down hole lengths

Not applicable

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Criteria JORC Code explanation Commentary are reported, there should be a clear statement

to this effect (eg ‘down hole length, true width

not known’).

Diagrams Appropriate maps and sections (with scales)

and tabulations of intercepts should be included

for any significant discovery being reported

These should include, but not be limited to a

plan view of drill hole collar locations and

appropriate sectional views.

Appropriate maps and sections are available in

the body of this ASX announcement.

Balanced reporting

Where comprehensive reporting of all

Exploration Results is not practicable,

representative reporting of both low and high

grades and/or widths should be practiced to

avoid misleading reporting of Exploration

Results.

Reporting of results in this report is considered

balanced.

Other substantive exploration data

Other exploration data, if meaningful and

material, should be reported including (but not

limited to): geological observations; geophysical

survey results; geochemical survey results; bulk

samples – size and method of treatment;

metallurgical test results; bulk density,

groundwater, geotechnical and rock

characteristics; potential deleterious or

contaminating substances.

No other significant exploration work has been

done by Artemis.

Further work The nature and scale of planned further work

(eg tests for lateral extensions, depth

extensions or large-scale step-out drilling).

Diagrams clearly highlighting the areas of

possible extensions, including the main

geological interpretations and future drilling

areas, provided this information is not

commercially sensitive.

Artemis has plans in place to follow-up this

reconnaissance mapping and sampling with

more detailed mapping during November 2013.

Results from this work will be announced when

available.

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