REG - Artemis Resources Ld - Board Update & Appointment of Project Manager

Artemis ResourcesAnnouncement

31/12/2025 08:15

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RNS Number : 2796N  Artemis Resources Limited  31 December 2025

 

31 December 2025

 

Board Update & Appointment of Cassowary Project Manager

 

Artemis Resources Limited (ASX: ARV) (Artemis or the Company) advises that Mr
Julian Hanna will transition from Technical Director to Project Manager for
the Cassowary Project under a consultancy agreement executed with the Company
effective 1 January 2026 and will step down from the Board of Artemis
Resources Limited.

Artemis has expanded its footprint in a high leverage copper frontier with the
recently announced Earn-In/Joint Venture with Red Metal at Sharon Dam IOCG
Target 50km south of the Cassowary Intrusion within the Madura Copper
Exploration Belt (See Figure 1 and ASX announcement dated 24 December 2025).

In his new role Julian will focus on advancing both projects progressing work
programs and commencing drilling activities in the first half of 2026.

Artemis Executive Director, Jozsef Patarica, commented:

"Julian has been central to shaping Artemis' exploration strategy and bringing
rigour to our technical programs. We are pleased to retain his expertise
focused on the Cassowary and Sharon Dam Projects."

 

Figure 1 - Highlighting mineral deposits and occurrences associated with
Proterozoic age crustal boundaries parallel with the Yilgarn craton margin.
Madura Crustal Boundary shown in red

This announcement is approved for release by the Board of Artemis Resources.

 

For further information:

 Artemis Resources Ltd                                    info@artemisresources.com.au (mailto:info@artemisresources.com.au)   
 Jozsef Patarica, Executive Director

                                                          Tel: +61 8 6261 5463    
 Zeus (Nomad & Broker)  

 Antonio Bossi / James Bavister

  

                                                          Tel:  +44 20 3829 5000  

                                                             

  

info@artemisresources.com.au (mailto:info@artemisresources.com.au)   

Tel: +61 8 6261 5463    

 

 

Tel:  +44 20 3829 5000  

   

 

 

Key terms of Consultancy Agreement with Mr Julian Hanna

 

Under the Agreement Mr Hanna will provide, amongst other services for the
Cassowary Project:

 

·      strategic technical advice and ad-hoc assistance;

·      assist with and sign-off as Competent Person on public releases,
as required;

·      provide timely technical reports on the performance of work
programs undertaken;

·      identify potential mineral commodities and conduct drill
planning;

·      manage exploration and related data; and

·      other related duties which are requested by the Company or as
directed by the Company from time to time.

·      The time allocation will be for a minimum of two days per week,
for which the Company shall pay a fee of AUD$1,500 per day exclusive of GST.

·      The Agreement will extend until it is terminated, with any party
being able to terminate the Agreement by giving 30 days written notice to the
other party.

·      The Agreement otherwise contains terms and conditions considered
standard for similar agreements, including but not limited to confidentiality.

 

Incentive/success fee related to the Cassowary Project

 

An incentive/success fee is in place with Mr Hanna which is by way of a cash
payment that represents 1.0% of the value of one of the following:

·    The total value of any farm-in or joint venture expenditure required
for an incoming party to earn the equivalent of 100% interest in the Cassowary
Project, on the basis Mr Hanna has been actively engaged as a
consultant/technical adviser who has contributed to the completion of an
agreement relating to a farm-in or joint venture of the Cassowary Project, or

·    the total value of a sale of all or part of the Cassowary Project, on
the basis Mr Hanna has been actively engaged as a consultant/technical adviser
who has contributed to the completion of the sale of all or part of the
Cassowary Project, or

·    the total value paid in cash and/or shares for the Cassowary Project
resulting from a change of control of the Company, on the basis Mr Hanna has
been actively engaged as a consultant/technical adviser who has contributed to
the completion of a takeover, merger or similar transaction which results in a
change of control of the Company. The value of the Cassowary Project will be
based on the Independent Expert valuation required for a transaction of this
type.

 

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