Management's Mining Experience

 

Artemis management team has been directly involved in
mining operations as an owner and operator

 

Bogoso Gold Mines

Abosso-Damang
Gold Mines

Tarkwa Gold Mines

COMMODITY

Gold

STAGE
 

Production

LOCATION

Ghana

  • Discovered and started operation ’87

  • Commenced mining ‘90/91

  • Sold to Billiton (now BHP) ’95

  • Currently produces +/-100,000 gold ounces/year

  • over 5 million ounces produced to date

COMMODITY

Gold

STAGE

Production

LOCATION

Ghana

  • ‘89 discovered project

  • Sold to Ranger Resources in ’90

  • Continuous production since ’97

  • Currently produces 200,000 gold ounces/year

  • +/-4 million ounces produced to date

  • Currently owned and operated by Gold Fields SA

COMMODITY

Gold

STAGE

Production

LOCATION

Ghana

  • Principals purchased 15% interest in project for $4 million

  • Sold in ’96-98 for $55 million

  • Currently producing +/-500,000 ounces/year

  • over 10 million ounces produced

  • to date

  • Reserves estimated at 25+ million ounces

  • Currently owned/operated by Gold Fields SA

 

Kazakhaltyn Gold Mines

Hudbay Mining

Canada Potash Corp.

COMMODITY

Gold

STAGE

Production

LOCATION

Kazakhstan

  • Acquired contract to operate 3 gold mines ’96

  • Invested +/-$30 million in exploration and mining activities ‘96/97

  • In dispute with Government over ownership since 1997 and currently under litigation

COMMODITY

Zinc, Base Metals









STAGE

Production

LOCATION

USA, Canada

COMMODITY

Potash

STAGE

Exploration

LOCATION

Saskatchewan

  • ‘98 founded Pan American Resources which became ONTZINC

  • ‘03 Acquired U.S. zinc assets

  • ‘04 ONTZINC acquired HUDBAY from Anglo American for $325 million

  • Creates large base metal mining operations in Canada

  • Acquired and sold largest potash land position in Canada

  • Funded ‘06 with $3 million in seed capital

  • 24 months from undertaking resource estimate, sold to Chinese investors above 9X

 

Homeland Energy
(Kendal Coal Mine)

COMMODITY

Coal

STAGE

Production

LOCATION

South Africa

  • Acquired coal leases in ‘06/07

  • ‘07 operations commenced with JV partner GMR Energy

  • GMR Energy acquired 100% of operations 2012

Royal Coal Corp.
 

COMMODITY

Coal

STAGE

Development

LOCATION

Kentucky, USA

  • ‘08 acquired producing thermal coal assets Kentucky, USA

  • Raised $40 million in equity and went public in ’08

  • Raised $12 million of debt financing

  • Raised $20 million in streaming deal with Sandstorm Energy

  • Raised $10 million in pre-sale and royalty transaction with Mercuria

  • Operation ceased due to low commodity prices in ‘12

Royal Nickel Corp.
 

STAGE

Production

LOCATION

Quebec, Canada

COMMODITY

Nickel

  • Founded Royal Nickel as a private corporation in ’06

  • Raised $40+ million to advance property

  • 2010 completed $55 million IPO

  • Advanced project to bankable feasibility study

  • Largest undeveloped open pit nickel deposit in world