Artemis Resources ARV

First day of dealing on aim. Raised 5m at 3.75p to trade on aim. Dual listing with ASX - Closing price at the ASX was 8.4c so I am expecting a 4.4p open here on the LSE.
awaiting drill results from ground adjacent to GGP

 

Mon, 7th Feb 2022 07:00

RNS Number : 8113A
Artemis Resources Limited
07 February 2022

THIS ANNOUNCEMENT, INCLUDING THE APPENDICES TO THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.


7 February 2022

Artemis Resources Ltd

("Artemis Resources", the "Company" or together with subsidiaries, the "Group")

(ASX/AIM: ARV, FRA: ATY, US: ARTTF)


Admission to trading on AIM and First Day of Dealings


Artemis Resources, an Australian-based and ASX-listed mining exploration and development company, is pleased to announce that the admission of its ordinary shares of no par value ("Ordinary Shares") on AIM will take place, and dealings will commence, today at 8.00 a.m. under the ticker ARVand ISIN AU000000ARV3.

The Company's Admission Document is available on the Company's website at www.artemisresources.com.au

Summary and Highlights

Artemis Resources is led by an experienced Board and management team, with an impressive and demonstrable track record, focused on creating shareholder value from its 100% owned projects in Western Australia - the Paterson Central project, adjacent to the Havieron gold and copper discovery near Telfer in the East Pilbara, and the Greater Carlow Gold-Copper-Cobalt Project in the West Pilbara.

The Company successfully completed a placing and direct subscription of Ordinary Shares on 25 January 2022 raising £5 million gross proceeds through the issue of 133,333,333 new Ordinary Shares at 3.75p per share (the "Fundraise"). Upon Admission, the Group will have a market capitalisation (at the Fundraise price of 3.75p per Ordinary Share) of approximately £52 million and will have 1,388,330,984 total ordinary shares in issue. The Ordinary Shares issued pursuant to the Fundraise represent 9.6 per cent. of the Enlarged Share Capital.

Mark Potter, Chairman of Artemis Resources, commented:

"We are delighted to commence trading on the AIM market of the London Stock Exchange today, providing new and existing UK and European investors an efficient way to own and trade our stock. I believe that Artemis offers a highly-attractive investment opportunity with our 100%-owned Paterson Central and Greater Carlow gold and copper projects located in the safe, tier one mining jurisdiction of Western Australia. We have expansive exploration programmes planned for 2022 and we look forward to a busy and productive year."



ASX and AIM Share Transferability

Artemis Resources stock is fully fungible each way between the ASX and AIM. Investors can chose to hold uncertificated shares on the Australian share register in CHESS or to hold depositary interests in CREST in the UK. Artemis has appointed Computershare Investor Services Plc as UK Depositary and investors who wish to move their stock from one exchange to the other can do so on a same day or next day basis. An outline of the process can be found at www.artemisresources.com.au or alternatively contact your broker or financial adviser.


For further information on the Company, please visit https://artemisresources.com.au

 

10 February 2022

Artemis Resources Limited

("Artemis" or the "Company")

(ASX/AIM: ARV, FRA: ATY, US: ARTTF)

2022 Exploration Underway


Artemis Resources Limited is pleased to advise shareholders that exploration drilling has commenced at the Chapman Discovery, part of the Greater Carlow Project and that re-start of drilling at Paterson Central is expected in early March should favourable climatic conditions continue.

Greater Carlow Highlights:

· Drill rig has arrived to commence a ~6,000m RC drilling programme at the Crosscut Zone and operations are expected to commence in the next few days.

· Currently only half of the Crosscut trend (~225m) has been tested with an additional ~225m of strike length to the South yet to be drilled.

· Some of the particularly stand out results reported in November 2021* at Crosscut include:

o 22m @ 2.23g/t Au, 1.39% Cu, 0.457% Co from 247m - ARC344

o 7m @ 5.23g/t Au, 0.74% Cu, 0.54% Co from 286m - ARC344

o 13m @ 5.95g/t Au, 5.00% Cu, 0.689% Co from 42m - ARC 338

· Drilling will also test a series of parallel trends to Crosscut (Crosscut 2 and 3) identified by geophysics to be further to the east.

· Once drilling is completed in the Crosscut area, drilling will move 1km south to the Chapman discovery reported in December 2021** where two wide-spaced RC holes, GLC007 and GLC008 targeting VTEM anomalies were drilled.

· Hole GLC007 was successful and intersected;

o 10m @ 3.40% Cu, 1.75g/t Au and 24.65g/t Ag from 116m, including;

o 5m @ 6.23% Cu, 3.01g/t Au, 45.32g/t Ag, 117.00m

o 3m @ 1.73% Cu, 1.04g/t Au, 12.67g/t Ag from 138m

Paterson Central Highlights:

· Drill rigs have been secured for a re-start of drilling at Paterson Central with the first rig expected to arrive in mid-March. The Artemis field team is due to mobilise a week earlier subject to the weather remaining favourable.

· Paterson Central 2022 Phase 1 will continue to drill around the highly encouraging geology encountered in GDRCDD007 in late 2021 (assays pending) as well as complete GDRCDD008 which was lost due to technical issues well short of the target.

· In total a further ~4,000m of drilling is expected to be completed at Apollo and Atlas as part of the Phase 1 programme which began in late 2021.

· Given the robust funding position of the Company, Phase 2 is now being planned to commence immediately thereafter. Phase 2 is being scoped to continue to drill at Apollo and Atlas but also move systematically to Juno, Voyager, Enterprise and likely continue for the remainder of 2022.

· The Company will provide a more detailed Paterson Central drilling update once drilling operations recommence at site.

* See November 19, 2021 ASX announcement "High-grade Gold and Copper Intercepts from the Carlow Crosscut Zone"

https://wcsecure.weblink.com.au/pdf/ARV/02454519.pdf

** See December 6, 2021 ASX announcement "New Regional Discovery - High Grade Copper, Gold and Silver Intersected at Chapman Prospect"

https://wcsecure.weblink.com.au/pdf/ARV/02462582.pdf

*** See December 20, 2021 ASX announcement "Paterson Apollo Drilling Hits Highly Encouraging Geology"

https://wcsecure.weblink.com.au/pdf/ARV/02468814.pdf


Alastair Clayton, Executive Director commented: "The discovery at Chapman of high-grade copper, gold and silver mineralisation in late 2021 was a huge but welcome surprise. Located ~1km South of the Carlow deposit, Chapman was only tested with two holes over a discrete geophysical anomaly in 2021. Clearly with such fantastic "wildcat" drill results our exploration team are delighted to now get back out to drill at Chapman following the ~6,000m RC drilling programme at the Crosscut Zone.

Our planning for a re-start at Paterson Central is well underway and we are forecasting a mid-March re-start. The weather since the Christmas break has been relatively kind to us with little rain and no cyclones. Following up on the encouraging geology at Apollo is clearly a priority and I look forward to updating shareholders with more detailed plans for our 2022 drilling at Paterson Central soon".

http://www.rns-pdf.londonstockexchange.com/rns/2231B_1-2022-2-9.pdf

Figure 1: Showing the location of the project areas and proposed drill collar for Chapman and Crosscut.

This announcement was approved for release by the Board.

For further information on the Company, please visit https://artemisresources.com.au

 

28 February 2022
Artemis Resources Limited

("Artemis" or the "Company")

(ASX/AIM: ARV, FRA: ATY, US: ARTTF)


Australian Foreign Investment Review Board approval for

Munni Munni Platinum Group Metals and Gold Project Sale



Artemis Resources Limited ("Artemis" or "the Company") (ASX/AIM:ARV, Frankfurt: ATY, US OTCQB: ARTTF) is pleased to provide an update on the proposed transaction announced on the 22st of December 2021 to sell its 70% joint venture interest in the Munni Munni Platinum Group Metals and Gold Project to Alien Metals PLC (LSE AIM:UFO) ("Alien") (the "Transaction").

Highlights
· Key approval from Australian Foreign Investment Review Board ('FIRB") via "no objection" received for the proposed Munni Munni JV sale.

· Parties to the Transaction will now move to complete the outstanding documentation and conditions precedents in the coming weeks.

· Artemis will receive A$250,000 in cash and upon successful completion will receive A$4,650,000 worth of shares at a deemed VWAP of 0.699p per share.

· These shares would have a value of ~A$5,205,000 as of 25 February 2022*.

Alastair Clayton, Executive Director commented:

"We are pleased to have received the key FIRB approval and can now move to complete the remaining conditions precedents and documentation to close the transaction. With staged share escrow over the 12 months following issue, we very much look forward to becoming significant shareholders of Alien and note that Munni Munni is adjacent to the exciting Elizabeth Hill Silver Project. I believe by combining the two licence areas, all parties can benefit hugely from potential geological synergies. Artemis is well funded from current cash reserves to execute current exploration drilling activities at Greater Carlow and of course our soon to recommence Paterson Central drill programme about which we will providing an update very soon."


*GBP£/$AUD exchange rates (1.87) and Alien share price of 0.0782p as of 25/2/2022 these ~356.5m shares have a value of ~A$5.21m.