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 Code Name One-day price change Price Apr 19 Price Apr 18 Market Cap
VRX VENTNOR RESOURCE Suspended 0.067 0.067 16.8M
RMI RESOURCE MINING 0.428571428571 0.02 0.014 4.1M
ARL ARDEA RESOURCES 0.271676300578 1.1 0.865 80.6M
HNR HANNANS 0.125 0.018 0.016 31.6M
AXE ARCHER EXPLORATION 0.12 0.14 0.125 22.6M
MLX METALS X 0.111842105263 0.845 0.76 465.1M
AKM ASPIRE MINING 0.111111111111 0.01 0.009 22.7M
MLM METALLICA 0.106382978723 0.052 0.047 15.2M
PAN PANORAMIC 0.104166666667 0.53 0.48 236.0M
CZN CORAZON MINING 0.1 0.011 0.01 12.7M
HIG HIGHLANDS 0.0886075949367 0.086 0.079 75.1M
AGS ALLIANCE RESOURCES 0.08 0.135 0.125 13.0M
WSA WESTERN AREAS 0.0782122905028 3.86 3.58 976.6M
IGO INDEPENDENCE GRP 0.0769230769231 5.6 5.2 3.1B
PEK PEAK RESOURCES 0.0714285714286 0.045 0.042 25.9M
CLQ CLEAN TEQ 0.0606060606061 1.05 0.99 685.3M
VMS VENTURE MINERALS 0.0526315789474 0.04 0.038 16.4M
MCR MINCOR RESOURCES 0.047619047619 0.44 0.42 92.5M
KOR KORAB RESOURCES 0.0454545454545 0.046 0.044 13.2M
AVQ AXIOM MINING 0.0454545454545 0.115 0.11 43.5M
JRV JERVOIS MINING 0.04 0.39 0.375 78.3M
RVR RED RIVER RESOURCES 0.0344827586207 0.3 0.29 142.1M
RIO RIO TINTO 0.0311550151976 81.42 78.96 124.6B
CZI CASSINI RESOURCES 0.030303030303 0.068 0.066 18.2M
GMD GENESIS MINERALS 0.0285714285714 0.036 0.035 26.4M
BHP BHP BILLITON 0.0282673761224 30.92 30.07 152.8B
WCN WHITE CLIFF 0 0.004 0.004 12.0M
RDM RED METALS 0 0.13 0.13 27.3M
RCO ROYALCO RESOURCES 0 0.26 0.26 13.7M
POS POSEIDON NICKEL 0 0.037 0.037 41.0M
MGV MUSGRAVE MINERAL 0 0.064 0.064 17.9M
MAU MAGNETIC RESOURCES 0 0.18 0.18 27.4M
LSR LODESTAR MINERALS 0 0.023 0.023 16.7M
LML LINCOLN MINERALS 0 0.035 0.035 20.1M
KNL KIBARAN RESOURCES 0 0.14 0.14 35.8M
IPT IMPACT MINERALS 0 0.013 0.013 17.2M
GTE GREAT WESTERN 0 0.016 0.016 14.7M
CXX CRADLE RESOURCES 0 0.099 0.099 18.3M
AUZ AUSTRALIAN MINES 0 0.087 0.087 233.0M
AOH ALTONA MINING 0 0.115 0.115 63.2M
ANW AUS TIN MINING 0 0.017 0.017 33.4M
TAS TASMAN RESOURCES -0.0161290322581 0.061 0.062 28.1M
SAU SOUTHERN GOLD -0.02 0.245 0.25 12.3M
MEI METEORIC RESOURC -0.027027027027 0.036 0.037 21.0M
GME GME RESOURCES -0.0344827586207 0.14 0.145 67.2M
PNN PEPINNINI LITHIUM -0.0344827586207 0.028 0.029 15.3M
SGQ ST GEORGE MINING -0.0357142857143 0.135 0.14 39.0M
SPI SPITFIRE -0.047619047619 0.1 0.105 54.7M
ADY ADMIRALTY RESOURCES -0.0555555555556 0.017 0.018 20.8M
AQD AUSQUEST -0.08 0.023 0.025 13.1M
SCI SILVER CITY -0.102564102564 0.035 0.039 9.6M
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*Prices are as of April 19.

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