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Artemis Resources Limited ( (AU:ARV) ) has issued an update.
Artemis Resources Limited has successfully completed a $4 million capital raise, with the second tranche securing $1.99 million before costs. The funds will be directed towards an extensive drilling program at the Karratha Gold Project, targeting several high-priority sites, including the Marillion and Titan prospects. Drilling at the Marillion target was temporarily halted due to cyclone Zelia but is set to resume, emphasizing the company’s commitment to advancing its exploration initiatives and potentially enhancing its asset base.
More about Artemis Resources Limited
Artemis Resources Limited operates within the mining industry, primarily focusing on gold and copper exploration. The company is centered on advancing its projects in Western Australia, particularly the Karratha Gold Project, which shows potential for both open-pit and underground mining operations.
Average Trading Volume: 13,250
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.02M
For an in-depth examination of ARV stock, go to TipRanks’ Stock Analysis page.
