Artemis Resources Limited (ASX:ARV)

ALERT: Price-sensitive ASX Announcement for ARV

Current share price for ARV : $0.003 0 (0%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

31 Jul 2026 8:53AM

Price at Release

$0.003

Full Release

Summary

Artemis Resources Limited, as of the quarter ending 30 June 2026, reported a cash balance of $3.446 million, bolstered by a $2.9 million share placement. The funds are directed towards exploration, with $687,000 spent in the quarter primarily on the Madura Copper-Gold Project. The company did not engage in any mining production or development activities during this period. The Quarterly Cash Flow Report (Appendix 5B) highlights a net cash outflow from operating activities of $538,000 and related party payments totaling $144,000. Upcoming plans include drilling initiations at the Cassowary prospect, targeting large IOCG type mineralization. Several exploration licenses are held in key project areas, indicating ongoing strategic focus on resource development.

Key Points

Artemis Resources reported a cash balance of $3.446 million at the end of the quarter.
The company raised $2.9 million through a share placement, with a second tranche of $91,000 received in advance.
Exploration expenditure for the quarter was approximately $687,000, focusing on the Madura Copper-Gold Project.
No mining production or development activities were undertaken during the quarter.
Appendix 5B reported a net cash outflow from operating activities of $538,000.
Payments to related parties totaled $144,000, primarily for directors' and management fees.
The company plans to start drilling at the Cassowary prospect, with a focus on testing IOCG targets.
Artemis also holds several exploration licenses in the Cassowary and Sharon Dam areas.

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.