Artemis Resources appears to be having no trouble showing investors it can be more than just a Pilbara gold play.

The West Australian miner (ASX:ARV) — which recently revealed a renewed focus on nickel — has drilled up to 11.15 per cent nickel at its Ruth Well project in the Pilbara region on Australia’s north-west shoulder.

The news comes close on the heels of shallow, high-grade hits of up to 3.37 per cent at the Radio Hill project.

Anything over 2 per cent is generally considered high grade for nickel.

>> Nickel may be the next big Pilbara rush if mining tycoon David Lenigas is right

Investors liked the news, pushing shares up 5.4 per cent to 19.5c in early Wednesday trade.

“We are now looking at something potentially quite significant at Ruth Well on the nickel/copper/cobalt front, which is located only 12km north of our Radio Hill operations,” executive chairman David Lenigas told investors.

“We are seeing excellent nickel grades over significant widths, with very high copper and cobalt credits, and we now have a lot of newly identified shallow targets to drill over a potential 3.5km east-west strike in the Ruth Well area.”

Mr Lenigas told Stockhead last week Artemis was more than just a gold play following a recent nickel find.

Artemis has completed an initial 38-hole, 2838m reverse circulation drilling program at Ruth Well aimed at unearthing shallow nickel, copper and cobalt mineralisation.

The company also drilled a deeper hole down to 80m.

Artemis says the Ruth Well results compliment recent drilling results from the Radio Hill deposit, where the company is aiming to build a base metal resource.

Renewed interest in nickel players

Junior ASX-listed nickel explorers have enjoyed increased investor attention after the price of the steel-making and battery commodity hit a near four-year high.

In late April, the price of nickel made its biggest daily gain in more than six years when it hit $US15,275 ($20,416) a tonne.

The price hike was partly driven by speculation that one of the world’s biggest nickel producers, Russia’s Norilsk Nickel, may be hit by US sanctions against Russia.

Here is a recent list of ASX-listed stocks with exposure to nickel*. (We include here stocks that are primarily nickel-focused as well as those with nickel side projects):

ASX CodeNameOne-day price changePrice Apr 19Price Apr 18Market Cap
VRXVENTNOR RESOURCESuspended0.0670.06716.8M
RMIRESOURCE MINING0.4285714285710.020.0144.1M
ARLARDEA RESOURCES0.2716763005781.10.86580.6M
HNRHANNANS0.1250.0180.01631.6M
AXEARCHER EXPLORATION0.120.140.12522.6M
MLXMETALS X0.1118421052630.8450.76465.1M
AKMASPIRE MINING0.1111111111110.010.00922.7M
MLMMETALLICA0.1063829787230.0520.04715.2M
PANPANORAMIC0.1041666666670.530.48236.0M
CZNCORAZON MINING0.10.0110.0112.7M
HIGHIGHLANDS 0.08860759493670.0860.07975.1M
AGSALLIANCE RESOURCES0.080.1350.12513.0M
WSAWESTERN AREAS0.07821229050283.863.58976.6M
IGOINDEPENDENCE GRP0.07692307692315.65.23.1B
PEKPEAK RESOURCES0.07142857142860.0450.04225.9M
CLQCLEAN TEQ0.06060606060611.050.99685.3M
VMSVENTURE MINERALS0.05263157894740.040.03816.4M
MCRMINCOR RESOURCES0.0476190476190.440.4292.5M
KORKORAB RESOURCES0.04545454545450.0460.04413.2M
AVQAXIOM MINING0.04545454545450.1150.1143.5M
JRVJERVOIS MINING0.040.390.37578.3M
RVRRED RIVER RESOURCES0.03448275862070.30.29142.1M
RIORIO TINTO0.031155015197681.4278.96124.6B
CZICASSINI RESOURCES0.0303030303030.0680.06618.2M
GMDGENESIS MINERALS0.02857142857140.0360.03526.4M
BHPBHP BILLITON0.028267376122430.9230.07152.8B
WCNWHITE CLIFF00.0040.00412.0M
RDMRED METALS00.130.1327.3M
RCOROYALCO RESOURCES00.260.2613.7M
POSPOSEIDON NICKEL00.0370.03741.0M
MGVMUSGRAVE MINERAL00.0640.06417.9M
MAUMAGNETIC RESOURCES00.180.1827.4M
LSRLODESTAR MINERALS00.0230.02316.7M
LMLLINCOLN MINERALS00.0350.03520.1M
KNLKIBARAN RESOURCES00.140.1435.8M
IPTIMPACT MINERALS00.0130.01317.2M
GTEGREAT WESTERN00.0160.01614.7M
CXXCRADLE RESOURCES00.0990.09918.3M
AUZAUSTRALIAN MINES00.0870.087233.0M
AOHALTONA MINING00.1150.11563.2M
ANWAUS TIN MINING00.0170.01733.4M
TASTASMAN RESOURCES-0.01612903225810.0610.06228.1M
SAUSOUTHERN GOLD-0.020.2450.2512.3M
MEIMETEORIC RESOURC-0.0270270270270.0360.03721.0M
GMEGME RESOURCES-0.03448275862070.140.14567.2M
PNNPEPINNINI LITHIUM-0.03448275862070.0280.02915.3M
SGQST GEORGE MINING-0.03571428571430.1350.1439.0M
SPISPITFIRE-0.0476190476190.10.10554.7M
ADYADMIRALTY RESOURCES-0.05555555555560.0170.01820.8M
AQDAUSQUEST-0.080.0230.02513.1M
SCISILVER CITY-0.1025641025640.0350.0399.6M

*Prices are as of April 19.