REG - Artemis Resources Ld - Directorate Changes

Artemis ResourcesAnnouncement

22/11/2022 07:00

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RNS Number : 1098H  Artemis Resources Limited  22 November 2022

22 November 2022

Artemis Resources Limited

("Artemis" or the "Company")

(ASX/AIM: ARV, FRA: ATY, US: ARTTF)

 

Technical Director Appointment, CEO and Directorate Changes

Artemis Resources Limited is pleased to announce that it has appointed Dr
Simon Dominy as a Technical Director to the Company and that it has commenced
a search for an Australian-based CEO.

Since early 2020 Artemis has undergone a programme of turnaround comprising
recapitalisation, corporate and project rationalisation, extensive exploration
and resource definition and estimation and is now well positioned to embark on
an exciting new phase of growth.

 

Dr Simon Dominy, Non-Executive Director and resource expert, has been
appointed Technical Director to reflect his outstanding contributions to the
progression of key Artemis projects and to further assist the Executive team
going forwards.

 

Furthermore, the Board has commenced a search for an Australian-based CEO to
strengthen the Executive team and drive the Greater Carlow and Paterson
Central projects forward.

 

As such Alastair Clayton, Executive Director, has notified the Board of his
intention to step down as a Director of the Company with immediate effect in
order to facilitate the leadership of the Company to be moved to Australia for
its next phase of growth.  To ensure a smooth transition, Mr Clayton will
remain as an Executive Officer and part of the Executive team until 17 March
2023.

 

Edward Mead, Non-Executive Director, has notified the Board of his intention
to step down with immediate effect.  Ed will remain available to the Company
on a consulting services basis.

 

As a result of the aforementioned Board changes Resolutions 3 and 6 will be
withdrawn from the agenda of the Annual General Meeting ("AGM") of the
Company's shareholders scheduled to be held at 4pm (WST) on the

22 November 2022.  The withdrawal of these items of business do not affect
the validity of the remainder of the resolutions to be proposed at the AGM, or
that of proxy votes already submitted in respect of the remaining resolutions
to be put to shareholders for approval at the meeting. The numbering of all
other proposed resolutions at the AGM remains unchanged.

 

The Company continues to advance the Paterson Central and Greater Carlow
projects, with exploration drilling activities expected to restart in Q1
2023.  A further update on the Paterson Central Project will be provided to
the market in December.

 

Mark Potter, Chairman, commented; "Following the publication of a high-grade
resource estimate in October 2022, Artemis is now well positioned to embark on
an accelerated growth strategy at its Greater Carlow Au-Cu-Co Project in
2023.  The Board is unanimous in believing that the 2023 drilling and
feasibility phases require Executive leadership in the form of a CEO based in
Western Australia.

Combined with exploration targets drilled in 2022 and to be drilled in 2023 at
Paterson Central with continued potential for a major discovery, I believe
Artemis will be well positioned when the market appetite returns for gold
equities.

On behalf of the Board, I would like to thank Alastair for his contributions
in successfully recapitalising and leading the Company over the last few years
through a period of very substantial change.

I would also like to thank Ed for his contributions to the technical aspects
of the Company's projects."

Alastair Clayton, commented; "It's testimony to the progress that we have made
across our project portfolio and more broadly in the corporate turnaround we
embarked upon when I joined in early 2020 that my position of UK-based
Executive Director is now effectively redundant.  As a shareholder and
passionate advocate of Greater Carlow and Paterson Central I will continue to
assist the Board to ensure current work streams continue apace and a smooth
handover is completed to a new Australian-based CEO."

"I'd like to thank the Board, our institutional and retail shareholders and
project stakeholders for their continued support and I am very excited about
the future of our Company."

 

 

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

 Artemis Resources Limited

 Mark Potter                                                    Mark.Potter@artemisresources.com.au
                                                                (mailto:Mark.Potter@artemisresources.com.au)

                                                                or via Camarco

 WH Ireland Limited (Nominated Adviser)
 Antonio Bossi / Megan Liddell (Corporate Finance)              Tel: +44 20 7220 1666

 Cenkos Securities (Broker)
 Neil McDonald / Adam Rae / Pearl Kellie (Corporate Finance)    Tel: +44 20 7894 7000

 Leif Powis (Corporate Broking)                                 Tel: +44 20 7894 7000

 Camarco (Financial PR)
 Gordon Poole / Emily Hall / Rebecca Waterworth                 Email: artemis@camarco.co.uk (mailto:artemis@camarco.co.uk)

 

About Artemis Resources

Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) is a Perth-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.

For more information, please visit www.artemisresources.com.au
(http://www.artemisresources.com.au)

This announcement was approved for release by the Board

 

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