Wedoany.com Report-Apr. 12, Artemis Resources and GreenTech Metals have announced a binding 50:50 joint venture, Andover Lithium, to explore lithium resources in Western Australia. The partnership focuses on a significant lithium exploration package in the Karratha region, covering over 420 square kilometers. This area includes pegmatites near the Azure Minerals Tier 1 project, a key resource hub.

GreenTech will act as the manager of the JV.

The JV aims to attract a major funding partner, with Artemis covering 25% of tenement costs and additional funding from other shareholders. Exploration efforts will concentrate on high-priority targets, leveraging diamond drilling campaigns currently underway.

Artemis, emphasizing gold growth, is targeting the Carlow Gold Project and exploring new deposits. Meanwhile, GreenTech focuses on expanding copper and zinc resources at its Whundo VMS project. Both companies are awaiting assay results from recent drilling, indicating progress in their exploration efforts.

This collaboration highlights their combined strengths in mining and metallurgy, positioning them to contribute to Australia's resource security. Their focus on lithium exploration aligns with global demands, showcasing a strategic move towards sustainable energy solutions.