Artemis Resources (ASX: ARV) has been granted a trading halt by the ASX pending a 'disposal of a non-core asset' announcement, with the company's shares in pre-open.
Artemis has not yet indicated what type of non-core asset the announcement will refer to, but also announced a boost in technical expertise yesterday to drive the company’s Western Australian gold projects at Mt Clement and Yandal.
The company's other projects include Yangibana which is targeting rare earths, Buchanan's Creek targeting lithium/tantalum/niobium and Mundong Well targeting uranium.
The appointments follow a recent review of Artemis gold projects and site visits by international mining firm Behre Dolbear, aimed at taking the company’s gold assets to the next level.
Behre Dolbear will provide Artemis with the full spectrum of technical, operational, and financial expertise in gold exploration and mining.
What makes the company's gold projects interesting is that Yandal is located in the Yandal gold belt which has historically produced more than 12 million ounces of gold, highlighting the potential of the project.
Yandal is positioned 90 kilometres south of the Jundee 5.4 million ounce gold mine and 30 kilometres north of the Bronzewing 2.3 million ounce gold mine.
The Mt Clement project is also strategically located in close proximity to Northern Star’s (ASX: NST) Paulsens deposit, which poured over 9,000 gold ounces in April.