Artemis Resources (ARV) Q1 2027 TU earnings summary

Executive summary

• Madura Copper-Gold dominated the quarter, with maiden deep diamond drilling preparations at Cassowary advancing; heavy rain and road closures delayed the planned start.

• Karratha targets and Radio Hill assets progressed through technical reviews; post-quarter, a government grant and drill-rig mobilisation advanced Cassowary toward drilling.

Financial highlights

• Cash and cash equivalents were $6.653m at 30 September 2026, compared with $3.446m at the prior quarter-end.

• Net operating cash outflow was $866k; investing outflow was $457k, including $416k of exploration and evaluation expenditure.

• Net financing cash inflow was $4.530m; quarter-end cash funding was estimated at 5.19 quarters based on relevant outgoings of $1.282m.

Outlook and guidance

• December-quarter plans: commence a three-hole, 2,250m Madura diamond program, with two Cassowary holes from late October and one Sharon Dam hole targeted for November.

• Sharon Dam drilling is conditional on heritage clearance and access arrangements; its survey was scheduled for early November, with timing also subject to weather and road access.

• Pilbara plans include Regal Shear Zone gold-target review and drill planning, quoll habitat surveys, and Radio Hill exploration targeting for copper and nickel opportunities.