REG - Artemis Resources Ld - Completion of $4.9 million Capital Raise

Artemis ResourcesAnnouncement

10/09/2025 14:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250910:nRSJ8316Ya&default-theme=true

RNS Number : 8316Y  Artemis Resources Limited  10 September 2025

10 September 2025

 

Artemis Resources Limited

 

("Artemis" or the "Company")

 

Completion of $4.9 million Capital Raise

 

 

·          Tranche Two of recently announced oversubscribed
placement completed, resulting in a total $4.9 million raised before costs

·          Funds will enable substantial drilling programs at high
priority gold and copper targets at Carlow, Titan and Cassowary, starting as
soon as possible

 

Artemis Resources Limited ("Artemis" or "the Company") (ASX/AIM:ARV) is
pleased to advise that it has issued Second Tranche Placing shares from the
placement announced on 21 July 2025. In addition, Artemis has issued 4 million
ordinary shares in the Company ("Shares")in lieu of fees to certain suppliers
("Supplier Shares").

Artemis issued 899 million Shares on 8 September 2025 (subject to admission to
trading on AIM) being Tranche Two of the capital raise announced on 21 July
2025 and the Supplier Shares.  Total funds of $4.9 million, before costs,
from the capital raise have now been received.

Artemis will utilise this funding to undertake substantial drill programs
including extensional drilling and technical studies at the Carlow Gold/Copper
Project, RC drilling at Titan, and initial exploration and drilling at the
Cassowary IOCG target.

1.             Carlow Gold and Copper Project - diamond drilling
to scope out potential for significant extensions to the Carlow Mineral
Resource(( 1  (#_ftn1) )) which contains 374koz gold and 64,000t copper and to
provide samples for metallurgical test work.

2.             Titan Gold Targets - shallow low-cost RC drilling
of geophysical anomalies in areas with high-grade surface gold occurrences
associated with a brecciated host sequence near previous gold mineralisation
encountered in phase 1 drilling this year.

3.             Cassowary Intrusion - gravity survey across a unique
and untested >5km wide interpreted intrusion on a major cruststal boundary
east of Kalgoorlie ahead of drilling planned to test potential IOCG-type
copper/gold mineralisation.

 

Carlow Gold/Copper Project

Diamond drilling planned to test potential for significant extensions to the
Carlow high-grade gold and copper lode system, well beyond the limit of
drilling, including:

•           Widely spaced holes within a 600m gap along strike
between the existing resource and a recent intersection of: 7m @ 2.9g/t Au,
including 1m @ 15.3g/t Au(( 2  (#_ftn2) ))

•           Widely spaced holes to follow up an historic
intersection of: 4m @ 11.1 g/t Au and 2.0% Cu 120m below the Carlow resource,
which remains open below 380m

•           Project Manager to oversee technical studies including
metallurgical test work, conceptual mining studies and a review of processing
options

 

Titan Gold Targets

•           Infill gravity survey has confirmed 4 gravity
anomalies (G1-G4) in an area of surface gold occurrences  and brecciation
within a wide interpreted thrust zone.

•           RC drilling to test the G1 and G4 anomalies and wider
ultramafic/sediment sequence which hosts elevated gold in recent drilling up
to 0.5g/t Au (peak assay: 1m @ 16.4g/t Au)(( 3  (#_ftn3) )).

 

Cassowary Intrusion

•           Artemis tenement E69/4266 (335km(2)) covering the
large Cassowary Intrusion granted on 11 August, with a further four
applications (with total 754km(2)) in progress covering additional interpreted
intrusions and structures in the surrounding area.

•           Gravity survey planned across the Cassowary Intrusion
to assist drill targeting.  Gravity survey and drilling is pending signing of
a negotiated access agreement.

•           Drilling at Cassowary planned to test potential for
IOCG type copper-gold mineralisation has added credibility with adjacent EL
applications by WA1 Resources (adjoining Artemis tenements) and Teck Resources
(~60km southwest on same belt).

 

Issue of Shares - Tranche One and Tranche Two

The Company issued 330,000,000 Shares (ASX:ARV) to professional and
sophisticated investors on 29 July 2025, under Tranche One of the capital
raise announced on 21 July 2025, under ASX listing rule 7.1.

The issue of Second Tranche Placing Shares and Supplier Shares was subject to
shareholder approval at a general meeting held on 29 August 2025. The Second
Tranche Placing Shares, 895,000,000, were issued on 8 September 2025 and will
admit to trading on AIM at 8am on or around 11 September 2025.

Following admission of the Second Tranche Placing Shares, the Company will
have 3,764,672,164 Shares in issue.

This figure of 3,764,672,164 Shares may be used by Shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
voting rights of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

This announcement was approved for release by the Board

For further information on the Company, please
visit www.artemisresources.com.au (http://www.artemisresources.com.au/)  or
contact:

 

 Artemis Resources Ltd
 Guy Robertson, Chairman           info@artemisresources.com.au

 Julian Hanna, Managing Director
 Zeus (Nomad & Broker)
 Antonio Bossi / James Bavister /   Tel:  +44 20 3829 5000

 Gabriella Zwarts

 
Competent Person Statement

The information in this report that relates to Exploration Results was
compiled by Mr Julian Hanna, a Competent Person who is a member of the
Australasian Institute of Mining and Metallurgy (MAusIMM). Mr Hanna is
Managing Director of Artemis Resources Ltd and has sufficient experience that
is relevant to the style of mineralisation and type of deposit under
consideration and to the activity being undertaken to qualify as a Competent
Person as defined in the 2012 Edition of the 'Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves". Mr Hanna consents
to the inclusion in this report of the matters based on his information in the
form and context in which it appears.

No New Information

To the extent that this announcement contains references to prior exploration
results which have been cross referenced to previous market announcements made
by the Company, unless explicitly stated, no new information is contained. The
Company confirms that it is not aware of any new information or data that
materially affects the information included in the relevant market
announcements and, in the case of estimates of Mineral Resources, that all
material assumptions and technical parameters underpinning the estimates in
the relevant market announcements continue to apply and have not materially
changed.

Forward Looking Statements

This announcement contains historical facts, interpretations and statements
relating to the Company's current exploration projects, drill targets, plans,
estimates, objectives, and strategies which are forward-looking statements.
Such forward-looking statements involve known and unknown risks, uncertainties
and other important factors beyond the Company's control that could cause the
actual results, performance, or achievements of the Company to be materially
different from future results, performance or achievements expressed or
implied by such forward-looking statements. Accordingly, any reliance you
place on such forward-looking statements will be at your sole risk and the
Company expressly disclaims any obligation or undertaking to disseminate any
updates or revisions to any forward-looking statements contained in this
announcement to reflect any changes in its expectations with regard thereto or
any change in events, conditions or circumstances on which any statement is
based. The information contained in this announcement is subject to change
without notice. No representation or warranty, express or implied, is given as
to the accuracy, completeness or fairness of the information or opinions
contained in this announcement and no liability is accepted by the Company or
any of its directors, members, officers, employees, agents, or advisers for
any such information or opinions.

About Artemis Resources

Artemis Resources (ASX/AIM:ARV) is a gold, copper and lithium focused
resources company with a highly attractive suite of projects including
projects in Western Australia's underexplored North Pilbara Gold Province and
the Cassowary copper/gold exploration project 440km east of Kalgoorlie in
Western Australia.

·      Attractive projects:

o  Gold/Copper - Karratha Gold Project (100%) multiple prospects incl:
Carlow, Titan, Thorpe

o  Copper/Gold - Cassowary Intrusion Exploration Project - large IOCG type
targets

o  Paterson Gold/Copper Project - adjacent to Havieron Mine (owned Greatland
Gold)

o  Lithium - Artemis/Greentech Lithium JV: Mt Marie, Kobe, Osborne

·      Highly strategic location: Tier 1 jurisdiction, close proximity
to major hub at Karratha including regional rail and road infrastructure,
administrative centre and Dampier Port

·      Significant exploration upside: highly prospective tenure package
in the Pilbara Region of Western Australia which is rapidly emerging gold
province dominated by >12Moz Au Hemi Project

·      Mineral Resource with growth potential: existing high-grade
gold-copperMineral Resource at Carlow

·      Established processing site at Radio Hill: strategically located,
fully permitted

·      Cassowary Exploration Project: Artemis holds a granted 335km2
exploration licence covering the large, interpreted Cassowary Intrusion
prospective for IOCG type copper/gold and has applied for four other
exploration licences to cover other interpreted intrusions within a 30-40km
wide rift zone

 1  (#_ftnref1) Refer to Artemis ASX announcement on 13 October 2022

 2  (#_ftnref2) Refer to Artemis ASX announcement on 28 April 2025

 3  (#_ftnref3) Refer to Artemis ASX announcement on 28 April 2025

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROIPKKBBNBKDBCD