Artemis Resources Limited Expands 374koz Gold & 64,000t Copper Resource with 5,000m Drilling Campaign Targeting Carlow, Titan & Cassowary Projects

Tuesday, June 3, 2025
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8:34 am
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Artemis Resources Limited is launching an ambitious drilling program this quarter. The initiative targets expanding its high-grade Carlow Project, testing shallow gold at Titan, and exploring the unique Cassowary Intrusion for potential IOCG-style copper-gold deposits, offering promising growth and development opportunities for the company.

Artemis Resources Limited announced an ambitious drilling program set to commence in the September quarter, aimed at advancing its portfolio of gold and copper projects. The company is planning up to 5,000 meters of drilling that will target extensions to its Carlow project, further define mineralization at its Titan gold targets, and explore the potential of the Cassowary Intrusion. At Carlow, up to 3,800 meters of diamond drilling will focus on extending the known resource—currently reported at 374,000 ounces of gold and 64,000 tonnes of copper—by testing along a 600-meter gap and below previous high-grade intersections, which include intervals such as 7 meters at 2.9 g/t gold and historic zones with 4 meters at 11.1 g/t gold coupled with copper values. In parallel, 1,200 meters of shallow, low-cost RC drilling at Titan will assess geophysical anomalies identified through recent infill gravity surveys. The primary target at Titan is a near-circular, approximately 400-meter wide gravity anomaly where previous surface sampling returned remarkable values peaking at 41.4 g/t gold. Additional RC drilling will evaluate the broader thrust zone, where earlier holes have recorded up to 16.4 g/t gold, highlighting the prospect's potential for near-surface mineralisation. Complementing these initiatives, the Company is poised to explore the Cassowary Intrusion—a geologically unique, more than 5-kilometer wide structure located east of Kalgoorlie. With an anticipated grant of its 330 km² exploration licence during the quarter, Artemis plans to conduct a gravity survey to aid drill targeting, aiming at potential IOCG-type copper/gold deposits. This exploration target carries additional strategic weight, given similar applications by established industry players in the region. Julian Hanna, Managing Director of Artemis Resources Limited, emphasized that the upcoming drilling and technical studies are crucial for advancing the Carlow Project towards feasibility and early development stages. The integrated approach, which combines new drilling with detailed surface mapping and review of historical hole data, seeks to refine the geological model and potentially unlock significant resource extensions. Investor sentiment from a bullish perspective is likely to be fueled by the prospect of expanding a high-grade, near-surface resource and the added potential of discovering large-scale IOCG mineralisation at Cassowary. The multi-target approach, underpinned by promising assay values and comprehensive technical studies, suggests notable potential for future development. Conversely, a bearish viewpoint might highlight the inherent risks and uncertainties associated with early-stage exploration, including execution challenges and the possibility that new drill results may not significantly extend current resources. Overall, the latest exploration plans set forth by Artemis Resources Limited signal an active period ahead, with the outcome of these programs poised to significantly influence the company’s trajectory.

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