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RNS Number : 1987F Artemis Resources Limited 29 October 2025
29 October 2025
The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation ("MAR")
(EU) No. 596/2014, as incorporated into UK law by the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement, this inside
information is now considered to be in the public domain.
Artemis Resources Limited
("Artemis" or "The Company")
Drill Update Titan East
5m @ 13.1g/T Gold Intersected Within 20m Mineralised Zone in First Drill Hole
to Test New Target at Titan East
Highlights
· First Reverse Circulation (RC) drill hole to test an interpreted
shear zone at the Titan East Prospect produced an outstanding intersection of
5m @ 13.1g/t gold from 132m down hole in 25ARRC006. There is no previous
drilling along the shear zone.
· The high-grade gold intersection is associated with vein quartz
within a 20m mineralised interval which includes other elevated gold assays
between 0.1g/t Au up to 0.78g/t gold.
· Assay results awaited from a second RC hole, 25ARRC024, drilled
50m east of 25ARRC006 which intersected several intervals of vein quartz
starting from 28m depth.
· The interpreted NE trending shear zone which hosts the gold
intersected in 25ARRC006 is covered by transported sediments and is parallel
to the Regal Thrust, which outcrops as a prominent chert ridge 300 metres to
the south.
· Diamond drilling is planned to start late November to determine
orientation of the quartz veins and potential for extensions along the
interpreted shear zone.
Artemis Resources (ASX: ARV) (Artemis or the Company) is pleased to report a
high-grade gold intersection in the first RC hole testing an interpreted NE
trending shear zone at the Titan East Prospect, 1.5km west of the Carlow
gold-copper resource 1 (#_ftn1) .
Significant intersection - 25ARRC006 (all assays received):
· 5m @ 13.1 g/t Au from 132-137 m, including 3m @ 20.9 g/t Au from
133m.
· The high-grade gold intersection is associated with abundant vein
quartz.
· High-grade gold occurs within a 20m interval of elevated gold
values from 131m.
Step-out hole - 25ARRC024 (assays pending):
· Several intervals of vein quartz identified between approximately
28m and 57m.
· Vein quartz occurs within altered and sheared ultramafic, mafic
and sedimentary units.
· Hole 25ARRC024 also appears to have drilled through the
interpreted shear zone.
Jozsef Patarica, Executive Director, commented:
"Titan East is a brand-new, shear-hosted gold target just 1.5km from Carlow.
Hitting 5m @ 13.1 g/t Au in the first RC hole is an excellent start and
supports our strategy to build scale around Carlow by finding additional,
nearby gold resources. Given the very encouraging gold intercept we have
arranged for diamond drilling to begin in late November to define the true
widths and orientation."
"While we await more assays from the RC drilling, these results have greatly
increased our confidence in the potential at Titan and the wider Carlow
area. Apart from the three diamond holes drilled in the March quarter which
returned a very promising result of 1m @ 16.6g/t Au and the recent 18 RC drill
holes, Titan is completely untested."
Titan East
Titan is a large, structurally complex area along the northern side of the
Regal Thrust which outcrops as a regional chert ridge offset by NW-trending
cross cutting faults. The central part of Titan is largely covered by
transported cover which limits surface geochemical exploration.
During September and early October, Artemis completed 18 widely spaced RC
holes (1,758m) across two target areas at Titan. The targets tested by the
RC drilling are Titan East, at the intersection of two major structural trends
(refer to Figures 1 and 2) and the G1 gravity anomaly, 700m west of Titan
East.
Previous March-quarter diamond drill holes (25ARDD003-005) and the recent RC
drill holes intersected sheared and altered ultramafics, sediments, mafic
volcanics and a porphyry sill. Assay results are pending for many of the
recent RC holes at Titan including 25ARRC024 drilled 50m east of 25ARRC006.
25ARRC024 intersected several intervals with vein quartz between approximately
28m and 57m down hole within altered ultramafic, mafic units and sediments.
A further update will be provided once all RC drill hole assays are received.
(Refer Figures 1-3).
.
Figure 1: Simplified geology of Carlow area showing Regal Thrust Zone, Carlow
resource outline and Titan East and G1 drill targets. Also showing location
of the Europa and Chapman/Thorpe satellite exploration prospects
Figure 2: Satellite image of Titan East showing location of RC drill holes,
two main structural trends (Interpreted Shear Zone and Offset Faults) and base
of outcropping Regal Thrust chert ridge
Figure 3: Preliminary cross section through RC drill holes 25ARRC006 and
25ARRC024, looking North
Table 1: RC hole 25ARRC006 - elevated and high-grade gold assays for 1m and 2m
sample intervals, 131m-151m
HOLE EAST NORTH Grid RL_m DIP TN_Azi Depth_m
25ARRC006 505935.9 7699331 MGA94_Zone_50 19.63 -60 45 162
Table 2: Drill hole parameters for RC hole 25ARRC006
Next steps
· Receive and report outstanding RC drill hole assays, including
for hole 25ARRC024.
· Commence diamond drilling (targeting late November) to determine
mineralised vein orientations, true widths and strike/plunge potential.
· Integrate results from Titan East and G1 Target into Carlow
strategy for follow-up drilling.
For more information, please visit www.artemisresources.com.au
(http://www.artemisresources.com.au/)
This announcement was approved for release by the Board.
Artemis Resources Ltd info@artemisresources.com.au (mailto:info@artemisresources.com.au)
Julian Hanna, Technical Director
Jozsef Patarica, Executive Director
Zeus (Nomad & Broker)
Antonio Bossi / James Bavister /
Gabriella Zwarts
Tel: +44 20 3829 5000
info@artemisresources.com.au (mailto:info@artemisresources.com.au)
Tel: +44 20 3829 5000
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
Technical 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 and copper focused resources company
with a highly attractive suite of projects including projects in Western
Australia's underexplored North Pilbara Gold Province and at the Cassowary
Exploration Project located 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 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-copper Mineral Resource at Carlow
· Established processing site at Radio Hill: strategically located,
fully permitted
· Cassowary Exploration Project: Artemis holds a granted 341km(2)
exploration licence covering the large, interpreted Cassowary Intrusion
prospective for IOCG type copper/gold and has four other exploration licence
applications to cover other interpreted intrusions within a 30-40km wide
interpreted rift zone
Appendix 1 JORC Table
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections)
Criteria JORC Code explanation Commentary
Sampling techniques · Nature and quality of sampling (eg cut channels, random chips, or RC Drilling
specific specialised industry standard measurement tools appropriate to the
minerals under investigation, such as down hole gamma sondes, or handheld XRF · Reverse Circulation drilling (RC) at Titan East was undertaken to
instruments, etc). These examples should not be taken as limiting the broad obtain samples that were laid out in one metre intervals.
meaning of sampling.
· Samples submitted for assay were either composites of two metre
· Include reference to measures taken to ensure sample representivity and lengths, or single metre samples. Spacing determined by logging geologist.
the appropriate calibration of any measurement tools or systems used.
· Single metre samples are ~ 3kg samples obtained directly from the
· Aspects of the determination of mineralisation that are Material to the secondary port of the cone splitter.
Public Report.
· Composites were produced by representatively sampling each individual
In cases where 'industry standard' work has been done this would be relatively drill spoil pile to be included in the composite.
simple (eg 'reverse circulation drilling was used to obtain 1 m samples from
which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other · Sampling of the drill spoil for assay was undertaken by scoop method
cases more explanation may be required, such as where there is coarse gold into numbered calico bags.
that has inherent sampling problems. Unusual commodities or mineralisation
types (eg submarine nodules) may warrant disclosure of detailed information. · Samples were dispatched to ALS Global Laboratories in Perth for
analysis.
· Analysis included:
• Au-AA26 - Au 50g FA AA finish
• ME-MS61 - 48 elements Ultra-Trace Four-Acid Digestion with ICP MS
and ICP-AES
Drilling techniques Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, · Drilling was completed using the RC method. A standard RC hammer bit
auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard was used, with chip samples returned within the drill pipe and recovered
tube, depth of diamond tails, face- sampling bit or other type, whether core through a cyclone.
is oriented and if so, by what method, etc).
· Holes were drilled towards North at various dips and to varying depths.
All holes were surveyed using a North Seeking Gyro for downhole surveys
undertaken at 5 or 10m intervals.
Drill sample recovery · Method of recording and assessing core and chip sample recoveries and · The geologist visually assessed and digitally recorded drill sample
results assessed. recoveries during the program. Recoveries were overall very good with 98% of
the sample intervals recovered >75%, discounting overburden
· Measures taken to maximise sample recovery and ensure representative
nature of the samples. · Drill cyclone was cleaned regularly between holes if required to
minimise down hole or cross-hole contamination.
Whether a relationship exists between sample recovery and grade and whether
sample bias may have occurred due to preferential loss/gain of fine/coarse · Samples were almost entirely dry, with little water encountered in the
material. drilling.
No relationship between sample recovery and grade has been recognised.
Logging · Whether core and chip samples have been geologically and geotechnically RC Drilling
logged to a level of detail to support appropriate Mineral Resource
estimation, mining studies and metallurgical studies. · All drill holes have been logged, using sieved rock chips from the
drill samples to industry best standards for lithology, alteration,
· Whether logging is qualitative or quantitative in nature. Core (or mineralisation using a specific set of logging codes to ensure consistency in
costean, channel, etc) photography. logging.
The total length and percentage of the relevant intersections logged. · Logging has been quantitative in nature.
· The level of geological detail is commensurate with nature and
limitations of this exploratory drilling technique.
· The current drill-spacing is insufficient for Resource Estimation.
· All sampling data has been stored directly into an in-house developed
Access data management system.
· All drill holes were logged in full.
· All logging and sampling undertaken under the supervision of a
qualified geologist.
Sub-sampling techniques and sample preparation · If core, whether cut or sawn and whether quarter, half or all core RC Drilling
taken.
RC drill spoil samples were collected by traversing each sample pile
· If non-core, whether riffled, tube sampled, rotary split, etc and systematically by scoop to obtain similar volumes of representative material
whether sampled wet or dry. for either a single metre interval or a composite interval of 2m.
· For all sample types, the nature, quality and appropriateness of the This is regarded as a fit for purpose sampling regime for the type of drilling
sample preparation technique. and the current stage of exploration.
· Quality control procedures adopted for all sub-sampling stages to · The drill samples were almost entirely dry, with very few moist
maximise representivity of samples. samples.
· Measures taken to ensure that the sampling is representative of the · Where composite samples were taken, equal amounts of sample were taken
insitu material collected, including for instance results for field from each of the constituent sample piles.
duplicate/second-half sampling.
· Field duplicate sampling was also undertaken at an approximate ratio of
· Whether sample sizes are appropriate to the grain size of the material 1:25.
being sampled.
· The samples were then sent to ALS Laboratory for sample preparation and
analysis.
· The sample sizes are appropriate for the style of mineralisation being
investigated.
Quality of assay data and laboratory tests · The nature, quality and appropriateness of the assaying and laboratory RC Drilling
procedures used and whether the technique is considered partial or total.
· Samples were dispatched to ALS Global Laboratories in Perth for
· For geophysical tools, spectrometers, handheld XRF instruments, etc, analysis.
the parameters used in determining the analysis including instrument make and
model, reading times, calibrations factors applied and their derivation, etc. · Samples underwent High Grade Fire Assay fusion (50 g) - lead flux with
Ag collector and Au amount determined by ALS method Au-AA26 and for
Nature of quality control procedures adopted (eg standards, blanks, multi-element analysis a four-acid "near" total digest (HF-HNO3- HClO4) has
duplicates, external laboratory checks) and whether acceptable levels of been undertaken on a 0.25 g sub-sample to quantitatively dissolve most
accuracy (ie lack of bias) and precision have been established. geological materials, ALS method ME-MS61.
· All finalised assay certificates signed off by qualified assayer.
· ALS Global Ltd is an ISO certified organisation with industry leading
quality protocols.
· The analytical technique used for gold is considered a total assay
technique.
· For multi-element analysis a four-acid digest has been undertaken on a
0.25 g sub-sample to quantitatively dissolve most geological materials, with
analysis via ICP-MS + ICP-AES.
· Certified Reference Materials (CRM) including three different gold
grade standards and blanks have been submitted within the samples stream at a
frequency of approximately 1 every 35 samples.
· Field duplicates collected at a ration 1:25.
· Quality control data has been plotted on charts with control limits at
· +/-1σ, +/- 2σ and +/-3σ standard deviations to monitor the level of
· contamination, accuracy, and precision.
· QAQC report reviewing field duplicate imprecision (C.V.), field
duplicate bias, blanks and CRM actual deviation and lab pulp sizing compiled
immediately after laboratory results were received.
· All QAQC results have been reviewed by the ARV Competent Person who
considers the results to be within acceptable limits. Therefore, the assay
results presented are considered accurate and correct.
· ALS internal CRMs and duplicates have also reported prior to release of
finalised certificates.
Verification of sampling and assaying · The verification of significant intersections by either independent or RC Drilling
alternative company personnel.
· The significant intersections have been reviewed by other ARV
· The use of twinned holes. geologists.
· Documentation of primary data, data entry procedures, data · No hole twinning has been undertaken
verification, data storage (physical and electronic) protocols.
· All sampling and analytical data has been stored directly into an in-
· Discuss any adjustment to assay data. house developed Access data management system,
· All data has been maintained, validated, and managed by administrative
geologist,
· Analytical results received from the lab have been loaded directly into
the database with no manual transcription of these results undertaken,
· Original lab certificates have been stored electronically. No
adjustment to assay data has been undertaken. Below detection limit data
presented as 1/2 of the lower detection limit of the method and over the
detection limit results presented as the upper detection limit of the method
Location of data points · Accuracy and quality of surveys used to locate drill holes (collar and RC Drilling
down-hole surveys), trenches, mine workings and other locations used in
Mineral Resource estimation. · Drill collar locations have been set with handheld GPS (+/-3 m) and
collar orientation using Reflex survey method,
· Specification of the grid system used.
· During drilling, down hole surveys at every 5 or 10m intervals have
Quality and adequacy of topographic control. been completed using north seeking Gyro.
· All locations recorded using GDA94/MGA UTM Zone 50.
Data spacing and distribution · Data spacing for reporting of Exploration Results. RC Drilling
· Whether the data spacing and distribution is sufficient to establish · Drill holes are continuously sampled from top of hole to end of hole.
the degree of geological and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s) and classifications applied. · Sections are orientated 45 to the North and approximately.
Whether sample compositing has been applied. · Drill holes are inclined approximately -60 from the horizontal.
· The spacing and distribution of the current drill holes is considered
sufficient for the testing of specific targets.
· This spacing for the holes reported is not adequate to result in a
resource estimate.
· Drill samples were taken at 1m intervals or composited over 2m
intervals prior to being submitted to the laboratory, honouring geological
contacts, state of oxidation-weathering and observable mineralisation.
Orientation of data in relation to geological structure · Whether the orientation of sampling achieves unbiased sampling of RC Drilling
possible structures and the extent to which this is known, considering the
deposit type. · The regional stratigraphy has a steep southerly dip and the contained
mineralisation comprising the Titan East prospect has an interpretive steep
If the relationship between the drilling orientation and the orientation of southerly dip and drilling orientated 45(o) to the Northeast with a hole
key mineralised structures is considered to have introduced a sampling bias, inclination of 60deg.
this should be assessed and reported if material.
· The true orientation of potential mineralised bodies in this area is
poorly understood.
Sample security The measures taken to ensure sample security. · Sample security is by way of chain of custody.
· All drill samples collected during the program are freighted by road
transport directly to the ALS laboratory in Perth for submission.
Sample security was not considered a significant risk to the project. Only
employees of Artemis Resources and APEX Geoscience were involved in the
collection, short term storage (in a remote area), and delivery of samples.
Audits or reviews The results of any audits or reviews of sampling techniques and data. No review of the sampling techniques has been undertaken.
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section)
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status · Type, reference name/number, location and ownership including · The RC program was entirely conducted on E47/1797.
agreements or material issues with third parties such as joint ventures,
partnerships, overriding royalties, native title interests, historical sites, · All Artemis Project tenures are 100% owned by Artemis Resources
wilderness or national park and environmental settings. subsidiary company KML No 2 Pty Ltd E47/1746 & E47/1797 with the exception
of E47/3719 which is subject to a GreenTech Metals/Artemis Resources 51%/49%
The security of the tenure held at the time of reporting along with any known Joint Venture
impediments to obtaining a licence to operate in the area.
Tenements are in good standing with DEMIRS and there are no known impediments
for exploration on these tenements.
Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. Previous explorers in the region include but not limited to are Westfield
Minerals, Consolidated Gold Areas, Open Pit Mining and Exploration, Legend
Mining, Agip Exploration, Titan Resources and Fox Resources.
Geology Deposit type, geological setting and style of mineralisation. Surface mineralisation is interpreted to be consistent with structurally
controlled shear zone mineralisation. Implications for intrusion related
mineralised systems is also considered.
Drill hole Information · A summary of all information material to the understanding of the · Drill hole collar locations are recorded in the body of the release.
exploration results including a tabulation of the following information for
all Material drill holes: · Drilling was conducted at the natural land surface. Elevations of drill
holes have been obtained by handheld GPS.
o easting and northing of the drill hole collar
· Hole 25ARRC006 was drilled to 162m and 25ARRC024 was drilled to 140m.
o elevation or RL (Reduced Level - elevation above sea level in metres) of the
drill hole collar Laboratory analyses have been partially completed on all the samples collected
from the drilling to date, 25ARRC006 has had all laboratory analyses completed
o dip and azimuth of the hole and certified.
o down hole length and interception depth
o hole length.
If the exclusion of this information is justified on the basis that the
information is not Material and this exclusion does not detract from the
understanding of the report, the Competent Person should clearly explain why
this is the case.
Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum Not applicable as no data aggregation has been used.
and/or minimum grade truncations (eg
cutting of high grades) and cut-off grades are usually Material and should be
stated.
•Where aggregate intercepts incorporate short lengths of high grade results
and longer lengths of low grade results, the procedure used for such
aggregation should be stated and some typical examples of such aggregations
should be shown in detail.
•The assumptions used for any reporting of metal equivalent values
should be clearly stated.
Relationship between Mineralisation widths and intercept lengths These relationships are particularly important in the reporting of RC Drilling
exploration results
· The hoels drilled were exploration in nature
· In the geometry of the mineralisation with respect to the
drill hole angle is known, its nature should be reported. · Downlhole length only reported, true width is not known.
· If it is not known and the only down hole lengths are
reported, there should be a clear statement to this effect (eg. Down hole
length, true width not known)
Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts All the appropriate maps are provided in the body of this announcement
should be included for any significant discovery being reported These should
include, but not be limited to a plan view Refer to figures and tables in the body of the ASX release. While significant
of drill hole collar locations and appropriate sectional views. results have been highlighted in accompanying Tables, the reconnaissance
nature of much of the RC may result in many holes containing no significant
intersections.
Balanced reporting · Where comprehensive reporting of all Exploration Results is not This announcement discusses the findings of completed RC drilling activities
practicable, representative reporting of both low and high grades and/or and certified assays returned 27/10/2025.
widths should be practiced to avoid misleading
reporting of Exploration Results.
Other substantive exploration data Other exploration data, if meaningful and material, should be reported · Previous drilling completed by Artemis Resources Titan East
including (but not limited to): geological observations; geophysical survey Prospect
results; geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density, groundwater, geotechnical · Total of 3 drill holes for 548.2m completed at Titan East prospect
and rock characteristics; potential deleterious or contaminating substances. best intercept at Titan East prior to this release included 25ARDD004 - 1m @
16.4gpt Au from 67m; (refer to ASX release 28th April 2025)
Further work · The nature and scale of planned further work (eg tests for lateral Diamond and RC drilling to commence shortly at Carlow licence to test
extensions or depth extensions or large-scale step-out drilling). orientation of interpreted shear zone, and follow up the high grade
intersection in 25ARRC006
· Diagrams clearly highlighting the areas of possible extensions,
including the main geological interpretations and future drilling areas,
provided this information is not commercially sensitive.
1 Refer ARV ASX announcement on 13 October 2022
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