Artemis Resources Limited has secured a key exploration licence covering 341km² in Western Australia’s Cassowary Project, significantly expanding its portfolio of copper and gold targets. The granted licence, effective as of 11 August 2025, encompasses the large Cassowary Intrusion and three additional magnetic and structural targets identified within the area. Initial geophysical surveys and a drilling campaign, set to commence in the December quarter, will focus primarily on the Cassowary Intrusion (T1), which exhibits features consistent with established IOCG deposits such as Ernest Henry and Carrapateena. The project area lies in an interpreted 30–40km wide rift zone beneath roughly 250–300m of consolidated Eucla Basin sediments, positioned on the contact of significant crustal boundaries. Detailed mapping has revealed a large magnetic footprint measuring between 5-10km in width and a cross-cutting, NW-SE trending fault zone, which may indicate long-lived magmatic activity and potential hydrothermal fluid pathways. This geological setting increases the possibility of discovering significant copper and gold mineralisation, as well as other deposit types including nickel/copper/PGE associations. In addition to the granted licence, Artemis Resources Limited has expanded its tenement area to approximately 990km² by securing additional licences and pending applications. The company is also preparing for a separate RC drilling program at its Titan Prospect in the north Pilbara near the Carlow gold/copper resource, further highlighting its multi-project strategy. The firm’s recent $4.75 million placement has ensured that it is well funded to execute its field activities, which include both immediate and future drilling programs. The news has sparked mixed sentiment among market observers. On one hand, bullish investors are encouraged by the strategic acquisition of the Cassowary tenement, the robust geological indicators supportive of IOCG-type mineralisation, and Artemis’s well-financed exploration initiatives. The expansion of tenement coverage and upcoming drilling programs add further catalyst potential to the company’s growth outlook. On the other hand, bearish sentiment arises from the inherent risks associated with early-stage exploration, the challenging nature of proving large-scale deposits in an understudied region, and uncertainties around the geological model despite promising geophysical signals. Overall, Artemis Resources Limited’s latest developments at the Cassowary Project mark a significant step forward in its exploration strategy, with the planned drilling campaign expected to provide further insight into the mineral potential of one of Western Australia’s emerging exploration frontiers.