Artemis Receives Firm Commitments to Raise A$4.75 million

About this update from Artemis Resources Limited

Artemis Resources Limited ('Artemis' or 'the Company') (ASX/AIM:ARV) is pleased to advise shareholders that it has received firm commitments for a capital raising of A$4.75 million . The raise received strong support from new sophisticated and institutional investors and existing shareholders. Artemis will issue 1,187,500,000 new shares at $0.004 per share. The issue price is a 27% discount to the 15 day Volume Weighted Average Price (VWAP). Shares will be issued in two tranches approx. 28% (330 million shares under Listing Rule 7.1) in the first tranche and the remaining 72% (857.5 million shares) following shareholder approval at an Extraordinary General Meeting (EGM) to be held on a date on or around 27 August 2025 . Artemis will utilise this additional funding to undertake a substantial drill program of up to 5,000m including extensional drilling and technical studies at the Carlow Gold and Copper Project , RC drilling at Titan, and exploration at Cassowary. Carlow Gold and Copper Project - diamond drilling to scope out potential for significant extensions to the Carlow Mineral Resource1 which contains 374koz gold and 64,000t copper and to provide samples for metallurgical test work and further studies. Titan Gold Targets - shallow low-cost RC drilling of geophysical anomalies in areas with high-grade surface gold occurrences2 and a brecciated host sequence near previous gold mineralisation encountered in phase 1 drilling this year. Cassowary Intrusion - Gravity survey across a unique untested >5km wide intrusion east of Kalgoorlie3 to target drilling for potential IOCG-type copper/gold mineralization Carlow Gold/Copper Project Diamond drilling will test the potential for significant extensions to the Carlow highgrade gold and copper lode system, well beyond the current limit of drilling4, including: Widely spaced holes within a 600m gap along strike between the existing resource and a recent intersection of: 7m @ 2.9g/t Au, including 1m @ 15.3g/t Au5 Widely spaced holes to follow up an historic intersection of: 4m @ 11.1 g/t Au and 2.0% Cu 120m below the Carlow resource, which remains open below 380m Project Manager to be appointed to oversee technical studies including metallurgical test work, conceptual mining studies and a review of processing options Titan Gold Targets Infill gravity survey has confirmed 4 gravity anomalies (G1-G4) in an area of surface gold occurrences6 and strong brecciation within 2km wide interpreted thrust zone RC drilling to test the G1 and G4 anomalies and wider ultramafic/sediment sequence which hosts elevated gold in recent drilling up to 0.5g/t Au (peak assay: 1m @ 16.4g/t Au)7. Contact: Guy Robertson Executive Director Email: [email protected] (C) 2025 Electronic News Publishing, source ENP Newswire

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