IN BRIEF: Artemis Resources completes second tranche of fundraise
Artemis Resources Ltd - gold, copper and lithium focused mining company with projects in Western Australia - Completes second tranche of recently announced oversubscribed placement, raising total $4.9 million. Funds will enable substantial drilling programs at high priority gold and copper targets at Carlow, Titan and Cassowary, starting as soon as possible. Diamond drilling is planned to test potential for significant extensions to the Carlow high-grade gold and copper lode system, well beyond the limit of drilling. At Titan, plans shallow low-cost RC drilling of geophysical anomalies in areas with high-grade surface gold occurrences associated with a brecciated host sequence near previous gold mineralisation encountered in phase 1 drilling this year. Finally, at Cassowary, plans a gravity survey across a more than 5 kilometre wide interpreted intrusion on a major cruststal boundary east of Kalgoorlie ahead of drilling planned to test potential iron oxide copper gold-type copper/gold mineralisation.
Current share price: 0.27 pence, down 18% in London on Wednesday
12-month change: down 61%
Copyright 2025 Alliance News Ltd. All Rights Reserved.