Cassowary Intrusion Licence Granted: Artemis Targets 341km² for IOCG Deposits
Artemis Resources has secured a key exploration licence covering the Cassowary Intrusion, setting the stage for geophysical surveys and drilling targeting large copper-gold deposits in Western Australia.
- Exploration Licence E69/4266 granted covering 341km² Cassowary Intrusion
- Four priority magnetic and structural targets identified, with Cassowary Intrusion top priority
- Plans for geophysical surveys and drilling to commence in December quarter
- Additional licence applications submitted to expand coverage of rift zone
- Recent $4.75 million capital raise supports exploration activities
Exploration Licence Granted for Cassowary Project
Artemis Resources Limited has announced the granting of Exploration Licence E69/4266, covering a substantial 341 square kilometre area that includes the large Cassowary Intrusion in Western Australia. This licence, granted on 11 August 2025, marks a significant milestone for the company’s copper-gold exploration ambitions in a region that has seen minimal prior drilling activity.
The Cassowary Project is situated approximately 440 kilometres east of Kalgoorlie and is accessible via established transport routes including the Trans rail line and the Connie Sue Highway. The granted licence covers part of a previously undocumented 30 to 40-kilometre-wide rift zone beneath thick sedimentary cover, which Artemis believes holds strong potential for large-scale mineralisation.
Targeting IOCG and Intrusion-Related Deposits
Within the licence area, Artemis has identified four key magnetic and structural targets, labelled T1 through T4, with the Cassowary Intrusion (T1) being the highest priority for upcoming drilling. The geophysical signatures of these targets bear similarities to well-known iron-oxide copper-gold (IOCG) deposits such as Ernest Henry, Carrapateena, and Havieron, suggesting the potential for significant copper and gold mineralisation.
The Cassowary Intrusion itself is notable for its large magnetic footprint, spanning 5 to 10 kilometres, and its location along the Madura Crustal Boundary. It also coincides with a major fault zone, which may have acted as a conduit for hydrothermal fluids responsible for mineral deposition. Artemis plans to conduct detailed gravity surveys to refine drill targets before commencing drilling in the December quarter of 2025.
Expanding the Exploration Footprint
In addition to the granted licence, Artemis has lodged applications for a further 447 square kilometres of exploration tenure (EL69/4330) to cover additional interpreted intrusions within the rift zone. These expansions aim to capture more of the geological structures that could host mineralisation, enhancing the project’s overall potential.
Artemis is also progressing an access agreement with the Pila Nguru Aboriginal Corporation, which is expected to be finalised shortly. This agreement is a crucial step to enable field activities and drilling programs to proceed smoothly and in accordance with community and regulatory expectations.
Well-Funded and Ready to Drill
The company’s recent $4.75 million capital raising, announced in July 2025, provides the financial backing to undertake the planned geophysical surveys and initial drilling programs at Cassowary. Artemis is also preparing to start reverse circulation drilling at its Titan Prospect near the Carlow gold-copper resource in the North Pilbara, indicating a busy exploration pipeline.
Managing Director Julian Hanna expressed enthusiasm about the project’s prospects, highlighting the team’s progress in understanding the area’s unique geology and the opportunity to explore a region that has been largely overlooked by previous explorers. The Cassowary Intrusion represents a rare chance to discover large-scale IOCG-type deposits in a new frontier.
While the exploration targets remain conceptual and drilling results will be critical to validate the potential, Artemis’s strategic approach and strong funding position set the stage for a potentially transformative phase in its copper-gold exploration efforts.
Bottom Line?
As Artemis prepares to drill, the Cassowary Project could redefine copper-gold exploration in Western Australia’s underexplored rift zones.
Questions in the middle?
- What initial drilling results will reveal about the scale and grade of mineralisation at Cassowary?
- How will the access agreement with the Pila Nguru Aboriginal Corporation influence project timelines?
- What impact will Artemis’s expanded tenement holdings have on its exploration strategy and resource potential?
