REG - AIM - Schedule One - Artemis Resources Ltd

TBC BankAnnouncement

24/01/2022 09:05

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RNS Number : 2365Z  AIM  24 January 2022

 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE
 WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

 COMPANY NAME:
 Artemis Resources Ltd

 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
 (INCLUDING POSTCODES) :
 Level 8

 99 St Georges Terrace

 Perth WA 6000

 Australia

 COUNTRY OF INCORPORATION:
 Australia

 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
 https://artemisresources.com.au/ (https://artemisresources.com.au/)

 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
 INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS
 SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
 STATED:

 Artemis Resources Limited is an ASX listed mining exploration and development
 company, led by an experienced team that is focused on delivering shareholder
 value from its 100% owned projects based in the Pilbara region of Western
 Australia - the Greater Carlow Gold-Copper-Cobalt Project in the West Pilbara
 and the Paterson Central exploration project in the East Pilbara. The Company
 also owns the Radio Hill processing plant that is currently on care and
 maintenance. This plant is strategically located only 35km from the Greater
 Carlow Project.

 The Company's flagship exploration project is the 100% owned Paterson Central
 Gold-Copper Project which covers 605 km(2) and is located in the Yaneena Basin
 of the Paterson Province. The Company is actively exploring the Paterson
 Central Gold-Copper Project which is situated adjacent to the world-class
 Havieron Copper-Gold Discovery. In November of 2021 the Company commenced its
 inaugural exploration programme at the Atlas and Apollo sites which are
 interpreted by Company geologists to sit within the same geological and
 structural corridor as the Havieron Gold-Copper Discovery. As at the date of
 Admission, four holes have been completed under the Company's Phase One Drill
 Programme to a depth of between 623m and 810m and, while the Company is
 waiting on assay drill results, drilling hits show highly encouraging geology,
 including Hole GDRCD007 drilled from the Apollo target which intersected
 several zones of particularly encouraging geology. The Company will continue
 with its current and planned drill programmes in 2022 once local climatic
 conditions permit, expected to be in March 2022.

 Artemis' other advanced exploration and development project is the Greater
 Carlow Project, which is located 35km south of Karratha and includes the
 Carlow Castle gold deposit and the Radio Hill processing plant. At Carlow
 Castle, the Company has a JORC compliant Inferred mineral resource estimate
 (as at 14 May 2021) of 14.3 Mt @ 0.7 g/t Au, 0.4% Cu and 0.05% Co. The May
 2021 resource statement was calculated from a total of 330 drillholes drilled
 at Carlow Castle between 2017 and 2021, comprising 23 diamond and 307 reverse
 circulation drillholes for 47,139m. The wider Carlow Project area has
 historically had very limited exploration work and continues to be highly
 prospective for gold and copper, including in respect of a recently identified
 high priority exploration target at Chapman. The Company drill tested many
 high priority exploration targets between July and September 2021 in a major
 c. 14,000m reverse circulation drilling exploration campaign. The Company is
 currently working with its resource consultants on a re-interpretation of the
 Carlow resource estimate to take into account the results of this drilling
 campaign and a new geological model of the deposit itself. The results of this
 exercise are expected to be available later in H1 of 2022.

 Over the past two years the Company has substantially progressed its strategy
 of divesting non-core tenements into indirect holdings and simplifying the
 Company's portfolio to focus on the two Pilbara projects:

 -      In March 2020, the Company divested its Purdy's Reward and 47k
 Patch tenements to Novo Resources Corp and other parties.

 -      In December 2021, the Company entered into a binding heads of
 terms with Alien Metals Ltd (AIM:UFO)  to dispose of its 70% joint venture
 interest in the Munni Munni Platinum Group Metals and Gold Project in West
 Pilbara, Western Australia to Alien Metals Ltd.

 -      In January 2022, the Company divested several non-core assets to
 GreenTech Metals Limited (ASX:GRE) and holds 6,750,00 shares in Greentech,
 representing approximately 14.8% of GreenTech's issued share capital.

 -      Additionally, Artemis entered into two farm-in and joint venture
 agreements for GreenTech to earn up to a 51% interest in, and establish a
 joint venture with Artemis in respect of the Osborne Project, and earn up to a
 100% interest in the Whundo Project.

 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER
 OF THE SECURITIES (i.e. where known, number and type of shares, nominal value
 and issue price to which it seeks admission and the number and type to be held
 as treasury shares):

 TBC ordinary shares of no par value at an Issue price of TBC pence

 There are no shares to be held as treasury shares and there are no
 restrictions as to transfer of the securities.

 CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED
 MARKET CAPITALISATION ON ADMISSION:
 £TBC million via a placing of new ordinary shares

 Market capitalisation on admission based on an issue price of TBC pence of
 approximately

 £TBC million

 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
 TBC per cent

 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES
 (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

 The Company's Ordinary Shares are currently listed on the Australian Stock
 Exchange ("ASX") under the ticker "ARV" and will continue to be listed and
 traded on the ASX following Admission.

 The Company also has shares admitted to trading on the Frankfurt Stock
 Exchange and the OTCQB Market operated by OTC Markets Group in the US, under
 the tickers "ATY" and "ARTFF" respectively.

 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the
 first name by which each is known or including any other name by which each is
 known):

Mr Mark Roderick Potter                              Non-Executive Chairman
 Mr Alastair Raoul Clayton                            Executive Director
 Mr Guy Adrian Robertson                              Chief Financial Officer
 Mr Edward Clinton Mead                               Non-Executive Director
 Mr Daniel (Dan) John Edward Alexander Durston Smith  Non-Executive Director
 Dr Simon Charles Dominy                              Non-Executive Director

 

 FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE
 OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first
 name by which each is known or including any other name by which each is
 known):

Shareholder                % before Admission  % on Admission
 Jupiter Asset Management   7.3                 TBC
 Mr Michael Soulos          4.5                 TBC
 Mr Christian Ambrose       4.1                 TBC
 Capital International IOM  3.0                 TBC

 

 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
 (H) OF THE AIM RULES:

 None

 (i)            ANTICIPATED ACCOUNTING REFERENCE DATE

 (ii)           DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
 ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
 interim financial information)

 (iii)          DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
 PURSUANT TO AIM RULES 18 AND 19:

 (i)         The current accounting reference date of the Company is 30
 June.

 (ii)        30 June 2021 which is the date of the last set of audited
 financial statements.

 (iv)         Accounts for 6 months period ending 31 December 2021 (to
 be notified by 31 March 2022); Accounts for 12 months period ending 30 June
 2022 (by 31 December 2022);

 Accounts for 6 months period ending 31 December 2022 (by 31 March 2023).

 As an existing ASX listed company, the Company also prepares and publically
 releases quarterly activities and cashflow reports.

 EXPECTED ADMISSION DATE:
 7 February 2022

 NAME AND ADDRESS OF NOMINATED ADVISER:
 WH Ireland Limited,

 24 Martin Lane,

 London,

 EC4R 0DR

 NAME AND ADDRESS OF BROKER:
 WH Ireland Limited,

 24 Martin Lane,

 London,

 EC4R 0DR

 OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
 INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
 STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
 ADMISSION OF ITS SECURITIES:

 The Admission Document, which will contain full details about the applicant
 and the admission of its securities, will be available on the Company's
 website at https://artemisresources.com.au/ (https://artemisresources.com.au/)
 from the date of the Company's Admission.

 THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
 The Corporate Governance Principles and Recommendations (4th Edition)
 published by the ASX Corporate Governance Council.

 DATE OF NOTIFICATION:
 24 January 2022

 NEW/ UPDATE:
 New

 

 

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE
OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first
name by which each is known or including any other name by which each is
known):

 

 Shareholder                % before Admission  % on Admission
 Jupiter Asset Management   7.3                 TBC
 Mr Michael Soulos          4.5                 TBC
 Mr Christian Ambrose       4.1                 TBC
 Capital International IOM  3.0                 TBC

 

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:

 

None

 

(i)            ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)           DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)

(iii)          DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:

 

(i)         The current accounting reference date of the Company is 30
June.

(ii)        30 June 2021 which is the date of the last set of audited
financial statements.

(iv)         Accounts for 6 months period ending 31 December 2021 (to
be notified by 31 March 2022); Accounts for 12 months period ending 30 June
2022 (by 31 December 2022);

Accounts for 6 months period ending 31 December 2022 (by 31 March 2023).

 

As an existing ASX listed company, the Company also prepares and publically
releases quarterly activities and cashflow reports.

 

EXPECTED ADMISSION DATE:

7 February 2022

 

NAME AND ADDRESS OF NOMINATED ADVISER:

WH Ireland Limited,

24 Martin Lane,

London,

EC4R 0DR

 

NAME AND ADDRESS OF BROKER:

WH Ireland Limited,

24 Martin Lane,

London,

EC4R 0DR

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:

 

The Admission Document, which will contain full details about the applicant
and the admission of its securities, will be available on the Company's
website at https://artemisresources.com.au/ (https://artemisresources.com.au/)
from the date of the Company's Admission.

 

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

The Corporate Governance Principles and Recommendations (4th Edition)
published by the ASX Corporate Governance Council.

 

DATE OF NOTIFICATION:

24 January 2022

 

NEW/ UPDATE:

New

 

 

 

 

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