Artemis Resources Ld - Drill Update Titan East
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].
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 |
| info@artemisresources.com.au Tel: +44 20 3829 5000 |
| Criteria | JORCCodeexplanation | Commentary |
| Samplingtechniques | · Natureandqualityofsampling(egcutchannels,randomchips,orspecificspecialisedindustrystandardmeasurementtoolsappropriatetothemineralsunderinvestigation,suchasdown holegammasondes,orhandheldXRFinstruments,etc).These examplesshouldnotbetakenaslimitingthebroadmeaningofsampling. · Includereferencetomeasurestakentoensuresamplerepresentivityandtheappropriatecalibrationofanymeasurementtoolsorsystemsused. · AspectsofthedeterminationofmineralisationthatareMaterialtothePublicReport. Incaseswhere'industrystandard'workhasbeendonethiswouldberelativelysimple(eg'reversecirculationdrillingwas usedtoobtain1msamplesfromwhich3kgwaspulverisedtoproducea30gchargeforfireassay').Inothercasesmoreexplanationmayberequired,suchaswherethereiscoarse goldthathasinherentsamplingproblems.Unusualcommodities ormineralisationtypes (egsubmarine nodules)maywarrantdisclosureofdetailedinformation. | RCDrilling · ReverseCirculationdrilling(RC)atTitan Eastwasundertakentoobtainsamplesthatwerelaidoutinonemetreintervals. · Samplessubmittedforassaywereeithercompositesoftwometrelengths,or singlemetresamples.Spacingdeterminedby logging geologist. · Single metre samples are ~ 3kg samples obtained directly from the secondary port of the cone splitter. · Compositeswereproducedbyrepresentativelysamplingeachindividualdrillspoilpiletobeincludedinthecomposite. · Samplingofthedrillspoilforassaywasundertakenbyscoopmethodintonumberedcalicobags. · Samplesweredispatchedto ALSGlobalLaboratoriesinPerthforanalysis. · Analysisincluded: • Au-AA26-Au50gFAAAfinish • ME-MS61-48elementsUltra-TraceFour-AcidDigestionwithICP MS and ICP-AES |
| Drillingtechniques | Drilltype(egcore,reversecirculation,open-holehammer,rotaryairblast,auger,Bangka,sonic,etc)anddetails(egcorediameter,tripleorstandard tube,depthofdiamondtails,face-samplingbitorothertype,whethercoreisorientedandifso,by what method, etc). | · DrillingwascompletedusingtheRCmethod.AstandardRChammerbitwasused,withchipsamplesreturnedwithinthedrillpipeandrecoveredthroughacyclone. · HolesweredrilledtowardsNorthatvariousdipsandtovaryingdepths. AllholesweresurveyedusingaNorthSeekingGyrofordownholesurveysundertakenat5or10mintervals. |
| Drillsamplerecovery | · Methodofrecordingandassessingcoreandchipsamplerecoveriesandresultsassessed. · Measurestakentomaximisesamplerecoveryandensurerepresentativenatureofthesamples. Whetherarelationshipexistsbetweensamplerecoveryandgradeandwhethersamplebiasmayhaveoccurreddueto preferentialloss/gainoffine/coarsematerial. | · Thegeologistvisuallyassessedanddigitallyrecordeddrillsamplerecoveriesduringtheprogram.Recoverieswereoverallverygoodwith98%ofthesampleintervalsrecovered>75%,discountingoverburden · Drillcyclonewascleanedregularlybetweenholesifrequiredtominimisedownholeorcross-holecontamination. · Sampleswerealmostentirelydry,withlittlewaterencounteredinthe drilling. Norelationshipbetweensamplerecoveryandgradehasbeenrecognised. |
| Logging | · WhethercoreandchipsampleshavebeengeologicallyandgeotechnicallyloggedtoalevelofdetailtosupportappropriateMineralResourceestimation,miningstudiesandmetallurgicalstudies. · Whetherloggingisqualitativeorquantitativeinnature.Core(orcostean,channel,etc)photography. Thetotallengthandpercentageoftherelevantintersectionslogged. | RCDrilling · Alldrillholeshavebeenlogged,usingsievedrockchipsfromthedrillsamplestoindustrybeststandardsforlithology,alteration, mineralisationusingaspecificsetofloggingcodestoensureconsistency in logging. · Logginghasbeenquantitativeinnature. · Thelevelofgeologicaldetailiscommensuratewithnatureandlimitationsofthisexploratorydrillingtechnique. · Thecurrentdrill-spacingisinsufficientfor ResourceEstimation. · All samplingdatahasbeenstoreddirectlyintoanin-housedevelopedAccessdatamanagementsystem. · Alldrillholeswereloggedinfull. · Allloggingandsamplingundertakenunderthesupervisionofaqualified geologist. |
| Sub-samplingtechniquesandsample preparation | · Ifcore,whethercutorsawnandwhetherquarter,halforallcore taken. · Ifnon-core,whetherriffled,tubesampled,rotarysplit,etcandwhether sampled wet or dry. · Forallsampletypes,thenature,qualityandappropriatenessofthesamplepreparationtechnique. · Qualitycontrolproceduresadoptedforallsub-samplingstagestomaximiserepresentivityofsamples. · Measurestakentoensurethatthesamplingisrepresentativeoftheinsitumaterialcollected,includingforinstanceresultsforfieldduplicate/second-halfsampling. · Whethersamplesizesareappropriatetothegrainsizeofthematerial being sampled. | RCDrilling RCdrillspoilsampleswerecollectedbytraversingeachsamplepile systematicallybyscooptoobtainsimilarvolumesofrepresentativematerialforeitherasinglemetreintervaloracompositeintervalof2m. Thisisregardedasafitforpurposesamplingregimeforthetypeofdrillingandthecurrentstage of exploration. · Thedrillsampleswerealmostentirelydry,withveryfewmoistsamples. · Wherecompositesamplesweretaken,equalamountsofsampleweretakenfromeachoftheconstituentsamplepiles. · Fieldduplicatesamplingwasalsoundertakenatanapproximateratioof 1:25. · ThesampleswerethensenttoALSLaboratoryforsamplepreparationand analysis. · Thesample sizesareappropriateforthe styleofmineralisationbeinginvestigated. |
| Qualityofassaydata and laboratorytests | · Thenature,qualityandappropriatenessoftheassayingandlaboratoryproceduresusedandwhetherthetechniqueisconsideredpartialortotal. · Forgeophysicaltools,spectrometers,handheldXRF instruments,etc,theparametersusedindeterminingtheanalysisincludinginstrumentmakeandmodel,readingtimes,calibrationsfactorsappliedandtheirderivation,etc. Natureofqualitycontrolproceduresadopted(egstandards, blanks,duplicates,externallaboratorychecks)andwhetheracceptablelevelsofaccuracy(ielackofbias)andprecisionhavebeen established. | RCDrilling · Samplesweredispatchedto ALSGlobalLaboratoriesinPerthforanalysis. · SamplesunderwentHighGradeFireAssayfusion(50g)-leadfluxwith AgcollectorandAuamountdeterminedbyALSmethodAu-AA26andformulti-elementanalysisafour-acid"near"totaldigest(HF-HNO3-HClO4)hasbeenundertakenona0.25gsub-sampletoquantitativelydissolvemostgeologicalmaterials,ALSmethodME-MS61. · Allfinalisedassaycertificatessignedoffbyqualifiedassayer. · ALSGlobalLtdisanISOcertifiedorganisationwith industryleadingquality protocols. · Theanalyticaltechniqueusedforgoldisconsideredatotalassaytechnique. · 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. |
| Verificationofsamplingandassaying | · Theverificationofsignificantintersectionsbyeitherindependentoralternativecompanypersonnel. · Theuseoftwinnedholes. · Documentationofprimarydata,dataentryprocedures,dataverification,datastorage(physicalandelectronic)protocols. · Discussanyadjustmenttoassaydata. | RCDrilling · Thesignificant intersectionshavebeenreviewedbyotherARVgeologists. · Noholetwinninghasbeenundertaken · Allsamplingandanalyticaldatahasbeenstoreddirectlyintoanin-housedevelopedAccessdatamanagementsystem, · Alldatahasbeenmaintained,validated,andmanagedbyadministrativegeologist, · Analyticalresultsreceivedfromthelabhavebeenloadeddirectlyintothedatabasewithnomanualtranscriptionoftheseresultsundertaken, · Originallabcertificateshavebeenstoredelectronically.Noadjustmenttoassaydatahasbeenundertaken.Belowdetectionlimitdatapresentedas1/2ofthelowerdetectionlimitofthemethodandoverthedetectionlimitresultspresentedastheupperdetectionlimitof the method |
| Locationofdatapoints | · Accuracyandqualityofsurveysusedtolocatedrillholes(collaranddown-holesurveys),trenches,mineworkingsandother locationsusedinMineralResourceestimation. · Specificationofthegridsystem used. Qualityandadequacyoftopographic control. | RCDrilling · DrillcollarlocationshavebeensetwithhandheldGPS(+/-3m)andcollarorientationusingReflexsurveymethod, · Duringdrilling,downholesurveysatevery5or10mintervalshavebeencompletedusingnorthseekingGyro. · AlllocationsrecordedusingGDA94/MGAUTMZone50. |
| Dataspacinganddistribution | · DataspacingforreportingofExplorationResults. · Whetherthedataspacinganddistributionissufficienttoestablishthedegreeofgeologicalandgradecontinuity appropriatefortheMineralResourceandOreReserve estimationprocedure(s)andclassificationsapplied. Whethersamplecompositinghas beenapplied. | RCDrilling · Drillholesarecontinuouslysampledfromtopofholetoendofhole. · Sectionsareorientated45totheNorthandapproximately. · Drillholesareinclinedapproximately-60fromthehorizontal. · Thespacinganddistributionofthe currentdrillholesisconsideredsufficientforthetestingofspecifictargets. · Thisspacingfortheholesreportedisnotadequatetoresultinaresource estimate. · Drillsamplesweretakenat1mintervalsorcompositedover2m intervalspriortobeingsubmittedtothelaboratory,honouringgeologicalcontacts,stateofoxidation-weatheringandobservablemineralisation. |
| Orientation ofdatainrelationtogeological structure | · Whethertheorientationofsamplingachievesunbiasedsamplingofpossiblestructuresandtheextenttowhichthisisknown,consideringthedeposittype. Iftherelationshipbetweenthedrillingorientationandtheorientationofkeymineralisedstructuresisconsideredtohaveintroducedasamplingbias,thisshouldbeassessedandreported if material. | RCDrilling · Theregionalstratigraphyhas a steep southerly dipandthecontainedmineralisationcomprisingtheTitan East prospecthasaninterpretivesteepsoutherlydip and drillingorientated45o to the Northeastwitha hole inclinationof60deg. · Thetrueorientationofpotentialmineralisedbodiesinthisareaispoorly understood. |
| Samplesecurity | Themeasurestakentoensuresamplesecurity. | · Samplesecurityisbywayofchainofcustody. · AlldrillsamplescollectedduringtheprogramarefreightedbyroadtransportdirectlytotheALSlaboratoryinPerthforsubmission. Samplesecuritywasnotconsideredasignificantrisktotheproject.OnlyemployeesofArtemisResourcesandAPEXGeosciencewereinvolved inthecollection,shorttermstorage(inaremote area),anddelivery of samples. |
| Auditsorreviews | Theresultsofanyauditsorreviewsofsamplingtechniquesanddata. | Noreview ofthesamplingtechniqueshasbeenundertaken. |
| Criteria | JORCCodeexplanation | Commentary |
| Mineraltenementand land tenure status | · Type,referencename/number,locationandownershipincludingagreementsormaterialissueswiththirdpartiessuch as joint ventures, partnerships, overriding royalties, native titleinterests,historicalsites,wildernessornationalparkandenvironmentalsettings. Thesecurityofthetenureheldatthetimeofreportingalongwithany knownimpedimentstoobtainingalicencetooperatein the area. | · TheRCprogramwasentirelyconductedonE47/1797. · AllArtemisProjecttenuresare100%ownedbyArtemisResourcessubsidiarycompanyKMLNo2PtyLtdE47/1746&E47/1797withtheexceptionofE47/3719whichissubjecttoaGreenTech Metals/ArtemisResources51%/49%JointVenture TenementsareingoodstandingwithDEMIRSandtherearenoknownimpedimentsforexplorationonthesetenements. |
| Explorationdoneby other parties | Acknowledgmentandappraisalofexplorationby otherparties. | Previousexplorersintheregionincludebutnotlimitedtoare WestfieldMinerals,ConsolidatedGoldAreas,OpenPitMiningandExploration,LegendMining,AgipExploration,TitanResourcesandFoxResources. |
| Geology | Deposittype,geologicalsettingandstyle of mineralisation. | Surfacemineralisationisinterpreted to beconsistentwithstructurallycontrolledshearzonemineralisation.Implicationsforintrusionrelatedmineralisedsystemsisalsoconsidered. |
| Drill hole Information | · AsummaryofallinformationmaterialtotheunderstandingoftheexplorationresultsincludingatabulationofthefollowinginformationforallMaterialdrillholes: oeastingandnorthingofthedrill holecollar oelevationorRL(ReducedLevel-elevationabovesealevelinmetres)ofthedrillholecollar odipandazimuthofthehole odownholelengthandinterceptiondepth oholelength. IftheexclusionofthisinformationisjustifiedonthebasisthattheinformationisnotMaterialandthisexclusiondoesnot detract from the understanding of the report, the Competent Person should clearly explain why this is the case. | · Drillholecollarlocationsarerecordedinthebodyoftherelease. · Drillingwasconductedatthenaturallandsurface.ElevationsofdrillholeshavebeenobtainedbyhandheldGPS. · Hole 25ARRC006 was drilled to 162m and 25ARRC024 was drilled to 140m. Laboratoryanalyseshavebeenpartiallycompletedonallthe samplescollectedfromthedrillingtodate, 25ARRC006 has had all laboratory analyses completed and certified. |
| Data aggregation methods | InreportingExplorationResults,weightingaveragingtechniques, maximum 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. | Notapplicableasnodataaggregationhasbeenused. |
| Relationship between Mineralisation widths and intercept lengths | Theserelationshipsareparticularlyimportantinthereporting of exploration results · In the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. · 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) | RCDrilling · The hoels drilled were exploration in nature · Downlhole length only reported, true width is not known. |
| Diagrams | Appropriatemapsandsections(withscales)andtabulationsof intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan viewofdrillholecollarlocationsandappropriate sectionalviews. | Alltheappropriatemapsareprovidedinthebodyofthis announcement Refer to figures and tables in the body of the ASX release. While significant 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 | · WherecomprehensivereportingofallExplorationResultsisnotpracticable,representativereportingofbothlowandhigh gradesand/orwidthsshouldbepracticedtoavoidmisleading reportingofExplorationResults. | ThisannouncementdiscussesthefindingsofcompletedRCdrillingactivities and certified assays returned 27/10/2025. |
| Othersubstantiveexplorationdata | Otherexplorationdata,ifmeaningfulandmaterial,shouldbereportedincluding(butnotlimitedto):geologicalobservations;geophysicalsurveyresults;geochemicalsurveyresults;bulk samples-sizeandmethodoftreatment;metallurgicaltest results;bulkdensity,groundwater,geotechnicalandrock characteristics;potentialdeleteriousorcontaminatingsubstances. | · PreviousdrillingcompletedbyArtemisResourcesTitan East Prospect · Totalof3drillholesfor548.2mcompletedatTitan Eastprospect best intercept at Titan East prior to this release included 25ARDD004 - 1m @ 16.4gpt Au from 67m; (refer to ASX release 28th April 2025) |
| Furtherwork | · Thenatureandscaleofplannedfurtherwork(egtestsforlateralextensionsordepthextensionsorlarge-scalestep-outdrilling). · Diagramsclearlyhighlightingtheareasofpossibleextensions, includingthemaingeologicalinterpretationsandfuturedrillingareas, providedthisinformationisnotcommerciallysensitive. | DiamondandRCdrillingtocommenceshortlyatCarlowlicencetotest orientation of interpreted shear zone, and follow up the high grade intersection in 25ARRC006 |