Artemis Confirms Gold Continuity at Titan East and Strengthens Board

Titan East Drilling Confirms Structural Gold Continuity

Artemis Resources (ASX:ARV) has delivered further evidence that its Titan East prospect within the Karratha Gold-Copper Project hosts structurally controlled gold mineralisation extending down-dip. Recent diamond drilling reported intersections including 4.7 metres at 2.3 grams per tonne gold from 175 metres and 5 metres at 1.3 grams per tonne from 256 metres, reinforcing earlier high-grade hits such as 5 metres at 13.1 grams per tonne. These results support a model of gold mineralisation controlled by a steeply dipping shear zone within the Regal Thrust system, with mineralisation strongest where quartz veining and alteration are most developed. The mineralised zone remains open at depth and along strike, positioning Titan East as a priority target within the Carlow-Titan corridor, which already hosts a 374,000-ounce gold and 64,000-tonne copper inferred resource at Carlow itself. This continuation of the mineralised system was a key focus after the company recommenced diamond drilling in early 2026, following promising results from earlier phases of drilling. The ongoing work builds on the company’s earlier success, including the wide 19-metre intersection at 1.6 grams per tonne gold reported in prior campaigns. The drilling campaign and structural interpretation are expected to inform further targeting across the broader Karratha Gold-Copper Project, underpinning Artemis’ exploration strategy in the Pilbara. This latest update follows Artemis’ earlier announcements detailing the initial diamond drilling results and geological models at Titan East, reinforcing the significance of the discovery and its potential to add scale to the existing resources. Diamond drilling recommenced at Titan East

Corporate Leadership Bolstered to Drive Exploration Focus

In parallel with technical progress, Artemis has strengthened its board and executive team with the appointments of Simon Lill as Non-Executive Chairman and Dr Matthew Greentree as Executive Director. Mr Lill brings over three decades of corporate finance and resources leadership experience, notably chairing De Grey Mining during the discovery and advancement of the 11.2 million-ounce Hemi Gold Deposit. Dr Greentree, a geologist with 25 years’ global experience, previously led Ausgold Limited’s growth of the Katanning Gold Project to over 3 million ounces of gold resources. Their combined expertise is expected to enhance Artemis’ corporate governance and technical capability at a critical juncture as the company advances its discovery-focused exploration strategy. The board restructure coincides with the transition of Executive Director Jozsef Patarica off the board, reflecting a recalibration of leadership to support disciplined capital allocation and geological precision. This move follows Artemis’ recent decision to delist from the AIM market in February 2026, streamlining its corporate structure and focusing on its ASX listing and predominantly Australian shareholder base. The leadership changes and corporate simplification are designed to position Artemis for efficient progress across its Pilbara projects. board strengthened with Simon Lill

Expanding Exploration Footprint in Madura Province and IOCG Targets

Beyond the Pilbara gold projects, Artemis is actively advancing copper-gold opportunities in the Madura Province, a region noted for its potential large-scale IOCG-style mineralisation. During the quarter, the company lodged two new exploration license applications, expanding its tenure along the Madura Crustal Boundary. The Cassowary Exploration Project, where Artemis holds a 100% interest over 2,086 square kilometres, remains a key focus with planned diamond drilling targeting an interpreted intrusive complex. Heritage clearance for these drill sites is anticipated in the second quarter of 2026. Additionally, Artemis has executed an earn-in joint venture agreement with Red Metal Ltd to acquire up to 60% of the Sharon Dam IOCG project by spending A$5 million over three years, including a minimum drilling commitment of A$400,000 within 12 months. This project benefits from government co-funding of approximately A$220,000 and targets a relatively shallow depth of about 250 metres, with drilling planned for late 2026 pending heritage approvals. The company also signed a non-binding Memorandum of Understanding with West Coast Silver to explore toll treatment options for high-grade silver ore at the Radio Hill processing plant, reinforcing operational flexibility. These developments collectively broaden Artemis’ exposure to both gold and copper-gold systems across Western Australia, underpinning its strategic growth ambitions. The company’s expanding footprint in IOCG targets complements its gold discoveries and enhances optionality for future resource development. Earn-in JV agreement for Sharon Dam

Financial Position and Exploration Investment

Artemis reported exploration expenditure of approximately A$731,000 during the March quarter, primarily directed at diamond drilling and geological interpretation at Titan East. The company did not undertake any mining production or development activities during the period. Cash and cash equivalents stood at A$1.239 million at quarter end, down from A$2.446 million in the previous quarter, reflecting ongoing investment in exploration and corporate activities. The quarterly cash flow report indicates net cash used in operating activities of A$460,000 and net cash used in investing activities of A$743,000. Financing activities contributed a minor net outflow of A$4,000. Artemis also sold its investment in Greentech Metals Ltd post-quarter for approximately A$690,000 before costs, bolstering its liquidity. The company estimates it has just over one quarter of funding available at current expenditure levels, highlighting the need for disciplined cash management and potential capital raising to sustain exploration momentum. Payments to related parties, including directors’ fees and management fees, totalled A$113,000 for the quarter. Artemis’ capital structure comprises approximately 3.77 billion ordinary shares and 247 million unlisted options with various exercise prices and expiry dates. The company’s financial disclosures underscore a focus on advancing exploration while managing costs amid a tight cash runway. Investors should watch for updates on funding strategies and assay results that could influence the company’s valuation and development prospects.