Artemis Resources Announces Capital Raising for Gold Asset Development
The resources company is raising funds to develop its portfolio of gold assets and complement its liquid assets for general working capital purposes.
The resources company is raising funds to develop its portfolio of gold assets and complement its liquid assets for general working capital purposes.
The resources company has halted trading on the ASX to conduct a capital raising, with the funds to be used for development of its gold assets and general working capital.
The mining company announces plans for extensive drilling and technical studies at its Carlow Gold and Copper Project, Titan exploration targets, and the Cassowary Intrusion.
The resources company provides an update on its gold and lithium projects in Western Australia, including progress on drilling at the Karratha Gold Project and the formation of a lithium joint venture.
The mining company reports results from the first phase of drilling at its Carlow gold/copper project, including high-grade gold intersections.
The resources companies have combined their lithium exploration tenements in Western Australia to create a large 420km2 lithium exploration package.
The resources company has completed the first phase of drilling at its Carlow Tenement in Western Australia, testing several high priority gold targets.
The mining exploration firm reported widening losses and a significant write-off of exploration expenditure, despite a slight increase in revenue and improved cash position from capital raising. Ongoing cash burn and high-risk exploration activities raise concerns about long-term sustainability.
The resources company has appointed an experienced industry executive to its board, strengthening its leadership team.
The exploration company has issued 3 million shares to its Managing Director as part of a previously announced fundraising.