Artemis Resources Ld - Completion of $4.9 million Capital Raise
10/09/2025 14:26
RNS Number : 8400Y
Artemis Resources Limited
10 September 2025
10 September 2025
The following amendments have been made to the " Completion of $4.9 million Capital Raise" announcement released on 10 September at 2:26pm under RNS 8316Y. Within the " Issue of Shares - Tranche One and Tranche Two " section the number of shares was changed to 899,000,000 from 895,000,000. Additionally, the total number of shares in issue has increased to 4,622,172,165 from 3,764,672,164.
All other details remain unchanged. The full amended text is shown below.
Artemis Resources Limited
("Artemis" or the "Company")
Replacement: 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] 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]
• 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].
Cassowary Intrusion
• Artemis tenement E69/4266 (335km2) covering the large Cassowary Intrusion granted on 11 August, with a further four applications (with total 754km2) 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, 899,000,000, 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 4,622,172,165 Shares in issue.
This figure of 4,622,172,165 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 or contact:
| Artemis Resources Ltd | |
| Guy Robertson, Chairman Julian Hanna, Managing Director | info@artemisresources.com.au |
| Zeus (Nomad & Broker) | |
| Antonio Bossi / James Bavister / Gabriella Zwarts | Tel: +44 20 3829 5000 |