Artemis Resources (ARV) Q1 2025 TU earnings summary

Executive summary

• High-grade gold and copper assays reported at multiple prospects, including Titan, Chapman, and Thorpe, with standout gold results exceeding 10,000 g/t Au and copper up to 23.8%.

• Significant lithium mineralisation confirmed at Mt Marie and Osborne East, with rock chip assays up to 4.67% Li₂O and extension of strike length.

• Heritage and ethnographic surveys completed, clearing the way for further exploration and drilling at key prospects.

• MoU signed with ANAX Metals Ltd to explore Pilbara Alliance and Processing Hub opportunities.

Financial highlights

• Cash on hand at 30 September 2024 was $1.1 million, with an additional $0.8 million in liquid investments.

• $0.5 million spent on exploration and $0.5 million on administration and overheads during the quarter.

• $1.6 million received from a capital raise following shareholder approval.

• Directors' salaries and fees for the quarter totaled $98,000.

Outlook and guidance

• Further exploration planned at Mt Marie and Osborne East to define the extent of lithium mineralisation.

• Ongoing focus on expanding gold and lithium resources across the West Pilbara tenements.

• Drilling programs anticipated at advanced targets following positive heritage survey outcomes.