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Artemis Gold Announces 33% Increase to Phase 1 Processing Plant Capacity at Blackwater Mine and Places Order for Long-Lead Equipment for Phase 2 Expansion
Artemis Gold Announces 33% Increase to Phase 1 Processing Plant Capacity at Blackwater Mine and P...
About this update from Artemis Gold Inc
[{"type":"text","content":"\n\n\n\n Artemis Gold Announces 33% Increase to Phase 1 Processing Plant Capacity at Blackwater Mine and Places Order for Long-Lead Equipment for Phase 2 Expansion\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n TSXV: ARTG\n \n\n\n • Nameplate Capacity of Phase 1 Increasing from 6Mtpa to 8Mtpa by Q4 2026\n \n\n • Optimized Design of Phase 2 Expansion Advancing, with Decision Expected Q4 2025\n \n\n\n (all amounts in Canadian dollars)\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 15, 2025\n \n\n /CNW/ - Artemis Gold Inc. (TSXV: ARTG) (\"Artemis Gold\" or the \"Company\") announces plans to upgrade the current Blackwater Mine processing plant (\"Phase 1\"), increasing nameplate capacity by 33% from 6 million tonnes per year (\"Mtpa\") to 8 Mtpa by Q4 2026 (\"Phase 1A\"). The Company estimates that Phase 1A will be completed at a capital cost of\n \n $100\n \n -\n \n $110 million\n \n ; an industry-low capital intensity of\n \n $50\n \n -\n \n $55\n \n per additional annual tonne of processing capacity.\n \n\n Phase 1A was identified as an attractive step change opportunity through the ongoing work to review and progress an accelerated Phase 2 expansion. Phase 1A is capital efficient and will provide a business de-risking mechanism by generating additional production and operating cash flow for investment in Phase 2 while it is being executed.\n \n\n Major mechanical equipment for Phase 1A has been ordered, including a vertical mill to provide additional primary grinding capacity. Phase 1A construction work has already commenced with excavation of foundations in the plant area, while the concrete batch plant for this scope of work is currently being commissioned on-site.\n \n\n The Company continues to progress the design and engineering for an optimized and accelerated Phase 2 expansion, including alternative methods for mine waste haulage.\n \n\n In anticipation of a Phase 2 investment decision in Q4 2025, the Company has placed orders with Metso for b...