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Artemis Resources Limited
(Sydney:ARV)
Artemis Resources Limited (ARV) vs. S&P 500 (SPY)
Artemis Resources Limited Business Overview & Revenue Model
Artemis Resources Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 211.80K | 240.38K | 80.17K | 33.39K | 133.81K | 185.22K | Gross Profit |
| 211.80K | 240.38K | -121.60K | -64.60K | 18.07K | -334.90K | EBIT |
| -886.17K | -1.10M | -2.85M | -3.86M | -4.19M | -4.97M | EBITDA |
| -1.08M | -1.24M | -16.71M | -3.77M | -4.08M | -11.39M | Net Income Common Stockholders |
| -20.41M | -16.59M | -16.92M | -7.53M | -10.48M | -12.27M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.81M | 1.65M | 5.45M | 12.39M | 9.62M | 7.00M | Total Assets |
| 9.67M | 39.17M | 52.79M | 67.67M | 61.73M | 56.86M | Total Debt |
| 0.00 | 47.79K | 152.96K | 153.45K | 157.50K | 157.50K | Net Debt |
| -1.36M | -524.84K | -1.55M | -5.95M | -8.93M | -254.64K | Total Liabilities |
| 706.77K | 7.33M | 7.42M | 8.35M | 4.06M | 3.41M | Stockholders Equity |
| 8.96M | 31.83M | 45.37M | 59.32M | 57.67M | 53.45M |
| Cash Flow | Free Cash Flow | ||||
| -4.01M | -4.26M | -8.89M | -12.01M | -11.74M | -5.09M | Operating Cash Flow |
| -1.56M | -1.81M | -2.87M | -3.86M | -1.93M | -2.09M | Investing Cash Flow |
| -2.45M | -2.45M | -3.80M | -7.57M | -2.54M | -2.18M | Financing Cash Flow |
| 4.90M | 3.13M | 2.28M | 8.99M | 13.15M | 3.86M |
Artemis Resources Limited Peers Comparison
Artemis Resources Limited Corporate Events
GreenTech Metals and Artemis Resources have formed a joint venture, Andover Lithium Pty Ltd, to consolidate their lithium mineral rights in the West Pilbara region. This collaboration creates the largest lithium exploration package in the area, covering over 420 km² and includes several lithium prospective areas. The venture aims to attract major funding partners, allowing GreenTech and Artemis to focus on their core activities of copper/zinc and gold exploration, respectively. The consolidation is expected to streamline operations without significant management or cost burdens, enhancing the companies’ strategic positioning in the lithium market.
Artemis Resources and GreenTech Metals have formed a joint venture, Andover Lithium Pty Ltd, to consolidate their lithium mineral rights in the West Pilbara, creating the largest lithium exploration package in the region. This strategic move aims to attract major funding partners and allows both companies to focus on their core exploration activities, with Artemis concentrating on gold and GreenTech on copper and zinc, potentially strengthening their positions in the resource sector.
Artemis Resources Limited has completed the first phase of drilling on its Carlow Tenement, targeting three high-priority gold prospects. The drilling, which included five diamond holes totaling 1,790 meters, aimed to explore areas around the Carlow gold/copper deposit. Notable findings include intersections of hydrothermal alteration and veining at the Titan prospect and elevated arsenic levels, which may indicate gold mineralization. The results from the drill core samples are pending, which could impact the company’s exploration strategy and stakeholder interests.
Artemis Resources Limited has completed the first phase of drilling at the Carlow Tenement, targeting three high-priority gold prospects. The drilling program, which included five diamond holes totaling 1,790 meters, aimed to explore the Titan, Marillion, and potential extensions of the Carlow deposit. Initial findings indicate promising signs of mineralization, with hydrothermal alteration and elevated arsenic levels detected at the Titan prospect, suggesting potential gold associations. The results from this phase are expected to enhance the company’s understanding of the geological setting and expand the gold potential in this mineral-rich area, with assay results anticipated soon.
Artemis Resources Limited has released its consolidated interim financial report for the half-year ended December 31, 2024. The company is listed on both the Australian Securities Exchange and the London Stock Exchange. This financial report provides stakeholders with insights into the company’s financial health and operational performance over the past six months, which could influence investor confidence and market positioning.
Artemis Resources Limited has announced the appointment of Bruce Garlick as a director, effective March 5, 2025. Garlick holds 957,468 ordinary shares through his superannuation entity, indicating a significant personal investment in the company. This appointment is expected to strengthen the company’s leadership team and potentially influence its strategic direction, benefiting stakeholders by aligning management interests with shareholder value.
Artemis Resources Limited has appointed Bruce Garlick as a Non-Executive Director, bringing over three decades of experience in mining, exploration, and engineering. His extensive knowledge of the Pilbara region and experience with large mining operations is expected to enhance the company’s strategic direction and strengthen its position in the industry.
Artemis Resources Limited has announced that Jupiter Investment Management Limited has ceased to be a substantial holder of its shares as of March 1, 2025. This change is due to the integration of Jupiter Investment Management Limited into Jupiter Asset Management Limited, which has resulted in a transfer of positions and a change in the nature of their association with Artemis Resources Limited.
Jupiter Asset Management Limited has become a substantial holder in Artemis Resources Limited, acquiring a 5.87% voting power through 148,281,604 ordinary shares. This development signifies a significant investment in Artemis Resources, potentially impacting the company’s market positioning and stakeholder interests.
Artemis Resources Limited has announced a change in the director’s interest, with Julian Hanna acquiring 3,000,000 ordinary shares and 10,000,000 unlisted options through participation in a share placement. This move, approved by shareholders, indicates a strategic investment by the director, potentially strengthening the company’s leadership stake and aligning interests with shareholder value.
Artemis Resources Limited announced that Julian Hanna, the Managing Director, will present at the RIU Explorers Conference in Fremantle, Perth. This event highlights the company’s ongoing efforts in exploring gold in Western Australia, potentially impacting its market positioning and investor interest by emphasizing its focus on the North Pilbara Gold Province.
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.
Artemis Resources Limited announced the issuance of 320,146,882 shares as part of a capital raising initiative. Of these, 284,428,571 shares were allocated to professional investors, while 35,718,311 shares were issued to suppliers in lieu of cash payments. This strategic move is aimed at enhancing the company’s financial standing and supporting its exploration and development efforts, reflecting its commitment to growth and operational efficiency.
Artemis Resources Limited has announced a new application for the quotation of securities on the ASX, with 35,718,311 ordinary fully paid shares set to be issued on February 14, 2025. This move follows negotiations with suppliers to settle invoices for exploration and advisory services provided in 2024 and early 2025, indicating strategic financial management and potential growth in their exploration activities.
Artemis Resources Limited announced that all resolutions presented at their General Meeting on February 10, 2025, were successfully passed. This development indicates strong shareholder support for the company’s strategic plans, potentially enhancing its operational capabilities and market position.
Artemis Resources Limited has commenced a significant drilling program in the North Pilbara gold province to explore high-priority gold targets within a 4km zone around its Carlow Mineral Resource. The drilling includes diamond drilling targeting the Marillion EM conductor for potential extensions to the Carlow resource and RC drilling at the Titan Prospect to test new surface gold occurrences. The program aims to expand the current inferred resources of 374,000 ounces of gold and 64,000 tonnes of copper, with no previous drilling conducted on some targets, indicating a promising expansion opportunity for the company.
Artemis Resources Limited has announced a substantial drilling program on its Carlow Tenement in Western Australia, aimed at testing high-priority gold exploration targets. The program will involve diamond and reverse circulation drilling to explore previously untested targets near the Carlow Mineral Resource and the Titan Prospect. Recent assays have shown promising high-grade gold occurrences. Following a successful $4 million capital raise, Artemis is well-funded to pursue these exploration activities, which could significantly impact its resource base and industry positioning.