Artemis Resources has reported a major gold discovery at its Titan East prospect and broadened its copper portfolio with a new joint venture in the Madura Province, setting the stage for accelerated exploration and development in 2026.
- High-grade gold intersections at Titan East prospect
- Initiation of conceptual mining studies at Carlow
- Earn-in JV agreement secured for Sharon Dam IOCG copper project
- Non-binding MoU signed to explore processing options at Radio Hill
- Plans underway for extensive drilling and development in early 2026
Exploration Breakthrough at Titan East
Artemis Resources Limited has marked a significant milestone in its December 2025 quarter with the confirmation of a new shear-hosted gold system at the Titan East prospect, part of its Karratha Gold–Copper Project. The discovery was highlighted by impressive drill results, including a standout 5 metres at 13.1 grams per tonne gold and a broader 19 metres at 1.6 grams per tonne, indicating a coherent mineralised trend extending over approximately 600 metres. This breakthrough shifts the focus from exploration targeting to tangible resource definition, with diamond drilling underway to better understand the deposit’s scale and geometry.
Advancing Development at Carlow
Parallel to exploration success, Artemis has initiated a conceptual mining study at the Carlow Gold–Copper Project. Conducted by independent consultants Snowden-Optiro, this study is assessing both open pit and underground mining scenarios. The timing is opportune given the stronger commodity price environment compared to when the existing mineral resource was estimated. The study aims to guide near-term development decisions and will integrate results from ongoing extensional drilling, reinforcing Carlow’s status as a cornerstone asset within Artemis’s Pilbara portfolio.
Expanding Copper Growth Pipeline
In a strategic move to diversify and grow its copper assets, Artemis executed an earn-in and joint venture agreement with Red Metal Limited to acquire up to a 60% interest in the Sharon Dam IOCG Project in the Madura Province. This project, located about 50 kilometres south of Artemis’s Cassowary Exploration Project, presents a compelling opportunity with a prospective intrusive system concealed beneath relatively shallow transported cover. The agreement includes a committed drilling program planned for mid-2026, positioning Artemis to potentially unlock a second district-scale copper opportunity alongside Cassowary.
Processing Optionality and Corporate Restructuring
Artemis also signed a non-binding Memorandum of Understanding with West Coast Silver Limited to evaluate the suitability of its fully permitted Radio Hill Processing Plant for toll treatment of high-grade silver ore from the Elizabeth Hill Silver Mine. While preliminary, this collaboration underscores Artemis’s strategic advantage in infrastructure ownership and the potential to operate Radio Hill as a regional multi-commodity processing hub. On the corporate front, the company has restructured its technical management, appointing Julian Hanna as Project Manager for Cassowary and Sharon Dam, and announced plans to delist from the AIM market to streamline costs and consolidate liquidity on the ASX.
Financial Position and Outlook
Artemis ended the quarter with approximately $2.45 million in cash, having spent around $1.05 million on exploration activities focused on drilling and joint venture costs. The company’s cash position supports planned drilling and studies into the second half of 2026, though the cash runway remains tight. Artemis’s ability to manage discretionary spending and access additional funding will be critical as it advances its promising portfolio. The upcoming quarters will be pivotal as assay results from ongoing diamond drilling at Titan East are awaited and the Sharon Dam JV progresses toward its initial drilling campaign.
Bottom Line?
With a major gold discovery and copper expansion underway, Artemis is poised for a transformative 2026; but cash management and drill results will be key to sustaining momentum.
Questions in the middle?
- How will upcoming diamond drilling results at Titan East influence resource estimates and development timelines?
- What are the potential impacts of Artemis’s AIM delisting on investor liquidity and capital raising?
- How might the Radio Hill Processing Plant partnership evolve into a commercial toll treatment operation?