Artemis Resources' lithium discovery update

Artemis Resources Limited (ASX: $ARV) has announced the discovery of a new lithium zone at Osborne East, with rock chip assays peaking at 4.67% Li2O. The company's ground reconnaissance sampling from its 100% owned tenement E47/1746 has delivered excellent assay results from the Mt Marie prospect, including multiple rock chip assays exceeding 1% Li2O. Coarse spodumene crystals observed up to 30cm in length further highlight the potential of the lithium discovery.

Executive commentary on lithium discovery

George Ventouras, Executive Director of Artemis Resources, commented, 'This second round of rock chip assay results provides further evidence of the potential scale and grade of the Artemis lithium discovery. These results from the Mt Marie prospect and the new zone identified at Osborne East are opening up the lithium mineralised region considerably and suggest that a greater portion of the tenement area is now prospective for lithium mineralisation. It's very early in the reconnaissance program, however, given the results to date and the outcropping pegmatites already delineated, we are confident that we have only just scratched the surface of lithium mineralisation potential across the tenement portfolio.'

Summary of Artemis Resources' lithium discovery

Artemis Resources' recent announcement highlights the significant progress in its lithium-focused ground reconnaissance program. The discovery of a new lithium zone at Osborne East, with rock chip assays peaking at 4.67% Li2O, demonstrates the potential scale and grade of the lithium discovery. The presence of coarse spodumene crystals up to 30cm in length further reinforces the promising nature of the findings. The company's confidence in the prospectivity of its tenement area is evident, with plans for further reconnaissance and follow-up sampling across E47/1746. The Mt Marie lithium prospect has also shown promising results, with rock chip assays exceeding 1% Li2O. The company's strategic ground reconnaissance program aims to expand on these results and explore the potential for lithium mineralisation across its portfolio. With more than 150km2 of 100% owned tenure and only around 25km2 covered in the ground reconnaissance program to date, Artemis Resources is optimistic about the future prospects of its lithium discovery. The company's ambitions and goals are aligned with uncovering the full potential of its tenement area and establishing itself as a significant player in the lithium market.