Artemis based its expansion study on the existing reserves and resources. The project has proven and probable reserves of 334.3 million tonnes grading 0.75 g/t gold (8 million oz.) and 5.8 g/t silver (62.2 million oz.) That equates to a gold equivalent of 0.78 g/t.
Using a 0.20 g/t gold equivalent cut-off, the measured and indicated resources are 596.8 million tonnes grading 0.61 g/t gold (11,7 million oz.) and 6.4 g/t silver (122.4 million oz.) The gold equivalent grade is 0.65 g/t, and it contains 12.4 million oz. gold equivalent. There is also an inferred portion of 16.9 million tonnes grading 0.45 g/t gold and 12.8 g/t silver, or 0.53 g/t gold equivalent.
Early in 2023, Artemis announced it was optimizing several facets of the mineral processing plant that will allow fast-tracking of phase two.
These changes included additional structural steel and increased conveyor belt widths, as well as variable-speed drives for the ball…
