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RNS Number : 8137L  Artemis Resources Limited  17 December 2025

 

17 December 2025

 

 

Artemis Resources Limited 

 

("Artemis" or "The Company") 

 

Titan East Confirms Emerging Gold Zone

 

Titan East Discovery: 19m @ 1.6g/t Au Confirms Emerging Gold Zone

Follow-up Diamond Drilling underway

 

 Highlights

 

·    Discovery intersection of 19m @ 1.6g/t Au in hole 25ARRC025 within
newly identified Titan East shear zone.

·    This follows a standout high-grade intersection of 5m @ 13.1 g/t Au
in hole 25ARRC006 1 , announced 28 October, confirming the significance of the
Titan East shear zone.

·    Results from 25ARRC025 are the first received from a 6-hole RC
program in November testing a 600m strike length of the shear zone, with
numerous assays pending.

·    Visual results from other RC holes are very encouraging, with several
holes intersecting broad zones of alteration and veining potentially
associated with gold mineralisation.

·    Diamond drilling commenced on 10 December to obtain geological and
assay information to assist in defining the scale and orientation of the
mineralised zone.

·    The first diamond hole, 25ARDD006 has drilled across the shear zone
and is being deepened at the date of this announcement.  Core photos are
included in Figures 5 & 6.

·    The December quarter RC and diamond drilling programs at Titan East
are expected to underpin a substantial follow-up drilling campaign planned for
early 2026.

 

Artemis Resources (ASX: ARV) (Artemis or the Company) is pleased to report
that recent work at Titan East has evolved from early encouraging drilling
results to a standout high-grade intercept, now complemented by a wide gold
intersection, supporting the acceleration of drilling as the Company advances
exploration of a newly identified gold zone.

Jozsef Patarica, Executive Director, commented:

"Drilling at Titan East continues to demonstrate the potential for a
significant, coherent mineralised system beneath shallow cover. The
combination of the previously reported high-grade intercept in hole 25ARRC006
and the newly reported wide intersection in 25ARRC025 reinforces our
interpretation of a substantial shear-hosted gold structure with encouraging
width and continuity.

While numerous assays from five RC holes and one diamond hole remain pending,
the consistency of alteration, veining and mineralisation observed across
multiple holes provides increasing confidence in the potential of this
emerging zone. The commencement of diamond drilling marks an important step in
advancing our geological understanding, with structural information from this
hole expected to materially inform follow-up targeting and drilling design.

Titan East represents a compelling growth opportunity within the broader
Carlow Gold-Copper Project, and results from the current programs are expected
to underpin an expanded drilling campaign in early 2026"

 

Strategic Context and Program Overview

Initial RC drilling earlier this year 2 , targeting strong rock-chip samples
at surface 3 , provided early encouragement that Titan East may host a
mineralised structure beneath shallow cover. These results established the
area as a credible new target located only 1.5km from the existing Carlow
deposit (Inferred Resource 374koz Au and 64kt Cu  4 ).

The subsequent drilling program materially upgraded the prospectivity of the
area, returning an exceptional high-grade intersection of 5m @ 13.1g/t Au in
hole 25ARRC006. This result confirmed the potential of the newly identified
interpreted shear zone and provided a clear rationale to accelerate follow-up
exploration.

Building on this momentum, Artemis completed a follow-up six hole RC drilling
program in November along a 600m strike length of the interpreted shear zone.
Several holes intersected broad zones of alteration and veining consistent
with gold-bearing systems, with selective intervals submitted for fast-track
analysis.

Assay results from the first hole of this program returned a wide intersection
of 19m @ 1.6g/t Au in hole 25ARRC025. Encouraged by these early results, the
Company has moved quickly to commence diamond drilling to define the geometry
and scale of the mineralised structure.

 

 

Figure 1: Interpreted Long Section showing geological/structural
interpretation, Titan East discovery drill hole intersections, outline of
Carlow Resource and planned drill holes to test extensions to known high grade
gold and copper mineralisation during March quarter 2026

 

Titan East - Summary of Recent and Current Drilling

Phase One:

Ten RC holes were drilled in September 2025 to test three priority targets at
Titan East (Figure 1). Two of the RC holes intersected a previously untested
mineralised structure, interpreted to be a wide north-east trending shear zone
beneath shallow cover, with holes 25ARRC006 and 25ARRC024 returning broad
intervals of gold mineralisation (Appendix Tables 1-2). Drilling away from the
interpreted shear zone returned no significant intersections.

 

Phase Two:

Six follow-up RC holes (25ARRC025-030) were completed in November 2025 along a
600m strike length to assess the potential of the interpreted shear zone
highlighted in Phase One. Five of the six holes intersected broad zones of
alteration and veining consistent with gold-bearing systems. Fast track assay
results for hole 25ARRC025 resulted in an intersection 19m @ 1.6g/t Au from
127m, including 6m @ 2.63g/t Au from 131m (Refer to Table 3).

 

Phase Three:

A 300m diamond drill hole (25ARDD006) commenced on 10 December to provide
structural information across the shear zone and test potential extensions to
the high-grade mineralisation in 25ARRC006.  At date of this announcement
25ARDD006 has intersected a wide interval with strong quartz veining above a
strongly altered contact at the base of the shear zone (Figures 5 and 6).
Drilling is continuing with assay results of drill core samples expected in
January.

Figure 2: Carlow tenement showing outline of Carlow gold-copper deposit,
location of Titan East and access to Carlow Project area from Karratha

 

Figure 3: Geological and structural interpretation of Carlow tenement showing
Carlow gold-copper deposit, interpreted shear zones and high-grade gold
intersections at Titan East

Figure 4: Satellite image of Titan East showing completed drill holes and
location of current diamond drill hole (25ARDD006 - green star) testing the
basal contact of the shear zone.

 

 

 

Figure 5: 25ARDD006 - drill core from 140.0-164.8m showing intensive quartz
veining and related alteration within interpreted Titan East shear zone
(assays pending)

 

 

Figure 6: 25ARDD006 - drill core from 164.8-185.0m showing strong alteration
associated with basal contact of interpreted Titan East shear zone (assays
pending)

 

 

Titan East - Next Steps

·    Complete current diamond hole 25ARDD006 - expected December

·    Review assay results from 5 RC holes - expected early March quarter
2026.

·    Follow-up RC and diamond drilling along shear zone - expected March
quarter 2026.

·    Updated geological model and next set of targets - planned late March
quarter 2026

 

 

Figure 7: Project Geologist Tony Sheehan with drill chips from 25ARRC025
(140-160m) including veined, altered ultramafic sequence and sediments (Refer
Table 3)

 

Table 1: 25ARRC006 - high-grade gold intersection announced 29 October 2025
within 20m

 wide (131m-151m) interval of strongly elevated gold assays within Titan East
shear zone 5 

 

 

 Collar     From  To   Width  Au g/t
 25ARRC024  116   118  2      0.34
 25ARRC024  118   119  1      0.81
 25ARRC024  119   120  1      0.09
 25ARRC024  120   121  1      0.03
 25ARRC024  121   122  1      0.01
 25ARRC024  122   123  1      0.03
 25ARRC024  123   124  1      0.13
 25ARRC024  124   125  1      0.03
 25ARRC024  125   126  1      0.16
 25ARRC024  126   127  1      0.39
 25ARRC024  127   128  1      0.24
 25ARRC024  128   129  1      0.16
 25ARRC024  129   130  1      0.19
 25ARRC024  130   131  1      0.06
 25ARRC024  131   132  1      0.02
 25ARRC024  132   133  1      0.05
 25ARRC024  133   134  1      0.08
 25ARRC024  134   135  1      0.61
 25ARRC024  135   136  1      0.5
 25ARRC024  136   137  1      0.06
 25ARRC024  137   138  1      0.06
 25ARRC024  138   139  1      0.06
 25ARRC024  139   140  1      0.72

 

Table 2: 25ARRC024 - strongly elevated gold assays for 1m sample intervals
within 24m wide (116m-140m) interval within Titan East shear zone. Note: end
of hole assay (0.72g/t Au)

 

 Collar     From  To   Width  Au g/t
 25ARRC025  127   128  1      1.46
 25ARRC025  128   129  1      2.6
 25ARRC025  129   130  1      0.31
 25ARRC025  130   131  1      0.61
 25ARRC025  131   132  1      1.76
 25ARRC025  132   133  1      6.85
 25ARRC025  133   134  1      2.39
 25ARRC025  134   135  1      0.97
 25ARRC025  135   136  1      0.31
 25ARRC025  136   137  1      3.52
 25ARRC025  137   138  1      0.27
 25ARRC025  138   139  1      0.65
 25ARRC025  139   140  1      1.56
 25ARRC025  140   141  1      0.84
 25ARRC025  141   142  1      0.14
 25ARRC025  142   143  1      0.06
 25ARRC025  143   144  1      0.44
 25ARRC025  144   145  1      0.39
 25ARRC025  145   146  1      5.71

 

 

Table 3: 25ARRC025 - gold assays for 1m sample intervals from 127m-146m

 

 HOLE ID    COLLAR EAST  COLLAR NORTH  COLLAR RL  HOLE INCL  AZIMUTH  DEPTH (m EOH)  TYPE
 25ARRC025  505980       7699312       19.6       -60        360      164            RC
 25ARRC026  505935       7699331       19.63      -90        45       192            RC
 25ARRC027  506172       7699433       21.63      -60        343      162            RC
 25ARRC028  506159       7699484       22         -55        343      144            RC
 25ARRC029  506586       7699671       23         -50        343      168            RC
 25ARRC030  506044       7699371       22         -55        343      180            RC
 TOTAL                                                                1010
 25ARDD006  506015       7699290       21         -60        340      in progress    Diam

Table 4: Drill hole parameters for Phase Two RC holes 25ARRC025 to 25ARRC030;
and Phase Three diamond hole 25ARDD006 (in progress)

 

This announcement was approved for release by the Board

For further information:

 Artemis Resources Ltd                                 info@artemisresources.com.au (mailto:info@artemisresources.com.au)  
 Jozsef Patarica, Executive Director 

                                                        
 Julian Hanna, Technical 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 

  

 

Qualified / 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. Mr Hanna is also considered as a
Qualified Person for the purposes of the AIM Rules.

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 6  with very promising gold results
from initial drilling at Titan East located only 1.5km from 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

 

 

 

 

 

 

 

 1  Refer to Artemis ASX announcement dated 28 October 2025

 2  Refer to Artemis ASX announcement dated 28 April 2025

 3  Refer to Artemis ASX announcement dated 28 January 2025

 4  Refer to Artemis ASX announcement dated 13 October 2022

 5  Refer to Artemis ASX announcement dated 28 October 2025

 6  Refer to Artemis ASX announcement dated 13 October 2022

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