REG - Artemis Resources Ld - ASX Price Query Response

Artemis ResourcesAnnouncement

10/08/2022 07:45

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RNS Number : 5380V  Artemis Resources Limited  10 August 2022

10 August 2022

Artemis Resources Limited

("Artemis" or the "Company")

 

ASX Price Query Response

 

Artemis Resources Limited (ASX:ARV AIM:ARV, Frankfurt: ATY, US OTCQB: ARTTF)
advises that the Company received a Price Query from the Australian Securities
Exchange (ASX) on 10 August 2022 following the recent rise in the Company's
share price on the ASX.

Following the Price Query from the ASX, Artemis Resources Limited released the
following response which is copied in full below.

 

 

Artemis Resources Limited (ASX Code: ARV) Price and Volume Query

In response to your letter dated 10 August 2022, we respond as follows:

1.    Is ARV aware of any information concerning it that has not been
announced to the market which, if known by some in the market, could explain
the recent trading in its securities?

 

No.

2.    If the answer to question 1 is "yes".

 

(a) Is ARV relying on Listing Rule 3.1A not to announce that information under
Listing Rule 3.1? Please note that the recent trading in ARV's securities
would suggest to ASX that such information may have ceased to be confidential
and therefore ARV may no longer be able to rely on Listing Rule 3.1A.
Accordingly, if the answer to this question is "yes", you need to contact us
immediately to discuss the situation.

 

N/A

 

(b) Can an announcement be made immediately? Please note, if the answer to
this question is "no", you need to contact us immediately to discuss
requesting a trading halt (see below).

 

N/A

 

(c) If an announcement cannot be made immediately, why not and when is it
expected that an announcement will be made? 3. If the answer to question 1 is
"no", is there any other explanation

 

    N/A

3.    If the answer to question 1 is "no", is there any other explanation
that ARV may have for the recent trading in its securities?

 

Greater Carlow Castle

The Company has now received assays for ten of the last twelve drill holes
from the last drilling campaign at the Greater Carlow project. While the
review of these results is incomplete, information on the results received to
date has now been released following a Price Query from the ASX, given the
recent rise in the Company's share price. A full announcement of the results
will be made when all assays are to hand.

 

As previously announced in the Company's quarterly activities report on 29
July 2022, following the receipt of the final batch of assays it is expected
that Artemis will release an updated resource statement for the Greater Carlow
Project. The Company has not yet had this information from external
consultants and will update the market when it is in a position to do so.

Please see below in an Appendix, answers to additional questions raised by the
ASX in relation to this drilling programme.

Paterson Central

The Company announced on 7 July 2022 the start of a 7,500m to 10,000m drill
programme across the Apollo and Atlas targets and the completely untested
targets at Juno, Voyager, Enterprise East, Enterprise West and Vidiian. This
2022 programme is expected to continue through the remainder of the year and
the Company will update the market as appropriate on progress, assays and key
findings.

 

 

4.    Please confirm that ARV is in compliance with the Listing Rules and,
in particular, Listing Rule 3.1.

 

We confirm that ARV is in compliance with the Listing Rules and particular
Listing Rule 3.1.

5.    Please confirm that ARV's responses to the questions above have been
authorised and approved in accordance with its published continuous disclosure
policy or otherwise by its board or an officer of BXN with delegated authority
from the board to respond to ASX on disclosure matters.

 

The responses to the questions above have been approved by the Board.

 

Guy Robertson

Company Secretary

 

Appendix

ASX Additional Questions

Given the pending assay results, could ARV please include responses to the
following additional queries in the price query response:

 

·    Please advise when the drilling was completed and what date the drill
cores were sent to the laboratory.

 

Drilling was completed in March and June 2022, for the last phase of
drillholes and samples were sent in that same period.

 

·    Please advise when the assay results are expected to be received by
ARV. Please provide detailed information in relation to the timing of these
results.

 

Assays have only returned in late July, early August 2022. Assays for these
holes received have been delayed significantly by bottlenecks in the
processing ability of laboratories. This is not unique to ARV, as it has
affected the entire resources industry. The remaining results are expected in
the next week.

 

·    Please advise what arrangements (if any) ARV has in place to maintain
confidentiality of its assay results? Please provide detailed information.

 

Samples are handled from site only by authorised ARV personnel. These samples
are bagged and tagged in bundles of 10 per sack and are sent to the freight
depot directly by authorised ARV personnel, as per the comments in the JORC
table.

 

The samples are delivered directly to the laboratory, in this case ALS-Chemex.
These samples then become the responsibility of ALS and ARV has no control
over the sample processing or analysis. Samples progress are monitored through
Webtrieve by the Exploration Manager and our nominated database managers,
Expedio.

 

Once the samples are assayed, only key personal in the company are emailed the
results, which are the General Manager and Exploration Manager. The results
are downloaded directly by Expedio, who then merge the data with our drilling
data, validate and a zipped copy of the database in its entirety is copied to
our cloud drive, into a restricted folder that can only be accessed by key
personnel, namely the General Manager, Exploration Manager and Project
Geologists using the data for interpretation and report writing.

 

At no time during this process of sampling, from the rig, to delivery of the
samples, to receiving assays results, can an unauthorised person or persons
interfere, change, alter, sabotage or remove any sample or result that is
received by ARV or its authorised third party representatives.

 

This announcement was approved for release by the Board

For further information on the Company, please visit
https://artemisresources.com.au/ or contact:

 Artemis Resources Limited                              via Camarco
 Alastair Clayton

 WH Ireland Limited

(Nominated Adviser and Broker)
 Jessica Cave / Megan Liddell (Corporate Finance)       Tel: +44 20 7220 1666

 Harry Ansell / Daniel Bristowe (Corporate Broking)     Tel: +44 20 7220 1648

 Camarco (Public Relations)                             Tel: +44 20 3781 9244
 Gordon Poole / James Crothers                          Email: artemis@camarco.co.uk (mailto:artemis@camarco.co.uk)

 Emily Hall / Rebecca Waterworth

 

About Artemis Resources

Artemis Resources (ASX: ARV; AIM: ARV, FRA: ATY; US: ARTTF) is an
Australian-based exploration and development company, led by an experienced
team that has a singular focus on delivering shareholder value from its
Pilbara gold projects - the Greater Carlow Gold Project in the West Pilbara
and the Paterson Central exploration project in the East Pilbara.

MAR

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 

 

 

 

 

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