Artemis Resources (ASX: $ARV) Quarterly Activities Report Highlights

Artemis Resources Limited (ASX: $ARV) has released its Quarterly Activities Report for the period ending 30 June 2024. The report highlights significant developments in the Karratha Lithium Project, Osborne Lithium Project, Karratha Gold Precinct, and corporate updates. Notably, the company appointed Elizabeth Henson as a non-executive director and secured firm commitments to raise A$2.87 million at $0.01275 per share from institutional and sophisticated investors.

Executive Commentary on Developments

The high-grade rock chip assays received from the Karratha Lithium Project and the extended mineralization highlighted by further soil sampling over the southern zones of the Osborne Lithium Project demonstrate the significant progress made during the quarter. The identification of multiple gold targets and the appointment of Elizabeth Henson as a non-executive director further strengthen our strategic position. The oversubscribed capital raise reflects the confidence of our investors in our exploration programs and corporate governance. We are committed to utilizing the raised funds to further our gold and lithium exploration programs across our tenement portfolio.

Summary of Quarterly Report and Outlook

Artemis Resources (ASX: $ARV) has made substantial advancements in its lithium and gold projects, with high-grade rock chip assays confirming the potential for high-grade lithium systems and extended mineralization. The appointment of Elizabeth Henson, an international lawyer with extensive global experience, adds valuable expertise to the board. The oversubscribed capital raise of A$2.87 million indicates strong support from investors, providing the company with the necessary funds to drive its exploration programs. With a focus on further exploration and assays, Artemis Resources is well-positioned to capitalize on the potential of its projects and deliver long-term value to its shareholders.