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Artemis Resources Limited (ASX:ARV)

ALERT: Price-sensitive ASX Announcement for ARV
Current share price for ARV : $0.003 -0.002 (-40%)+
Announcement
Release
30 Apr 2026 9:23AM
Price at Release
$0.005
Full Release
download
Summary
Artemis Resources Limited reported its quarterly activities, highlighting a focus on exploration activities with an expenditure of approximately $731,000, primarily directed toward the Titan East gold discovery. The company made two new exploration license applications and surrendered one. Cash and cash equivalents at the end of the quarter stood at $1,239,000. A non-binding MoU with West Coast Silver was signed for potential processing at the Radio Hill plant. The Cassowary Exploration Project and Sharon Dam IOCG Project are key focuses, with planned drilling in late H2 2026. The board was restructured with new appointments to support its strategic exploration efforts. Payments to related parties totaled $113,000 as disclosed in the accompanying Appendix 5B report.
Key Points
  • Artemis Resources' exploration expenditure for the quarter was approximately $731,000, focusing on the Titan East gold discovery within the Karratha Gold-Copper Project.
  • No mining production or development activities were conducted by the company during the quarter.
  • Two new exploration license applications were made and one was surrendered.
  • An Appendix 5B report accompanies the activities report, showing total related party payments of $113,000.
  • The company's cash and cash equivalents at the end of the quarter were $1,239,000.
  • The report mentions a non-binding MoU with West Coast Silver for potential processing operations at the Radio Hill plant.
  • Artemis is engaged in the Cassowary Exploration Project and the Sharon Dam IOCG Project, with plans to drill in late H2 2026.
  • Board restructure with the appointment of Mr. Simon Lill as Non-Executive Chairman and Dr. Matthew Greentree as Executive Director.
  • The company expects to continue operations and meet its business objectives with strategic capital allocation and geological precision.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.