10 September 2025

Artemis Resources Limited

("Artemis" or the "Company")

Completion of $4.9 million Capital Raise

·          Tranche Two of recently announced oversubscribed placement completed, resulting in a total $4.9 million raised before costs

·          Funds will enable substantial drilling programs at high priority gold and copper targets at Carlow, Titan and Cassowary, starting as soon as possible

Artemis Resources Limited ("Artemis" or "the Company") (ASX/AIM:ARV) is pleased to advise that it has issued Second Tranche Placing shares from the placement announced on 21 July 2025. In addition, Artemis has issued 4 million ordinary shares in the Company ("Shares")in lieu of fees to certain suppliers ("Supplier Shares").

Artemis issued 899 million Shares on 8 September 2025 (subject to admission to trading on AIM) being Tranche Two of the capital raise announced on 21 July 2025 and the Supplier Shares.  Total funds of $4.9 million, before costs, from the capital raise have now been received.

Artemis will utilise this funding to undertake substantial drill programs including extensional drilling and technical studies at the Carlow Gold/Copper Project, RC drilling at Titan, and initial exploration and drilling at the Cassowary IOCG target.

1.             Carlow Gold and Copper Project - diamond drilling to scope out potential for significant extensions to the Carlow Mineral Resource^[1] which contains 374koz gold and 64,000t copper and to provide samples for metallurgical test work.

2.             Titan Gold Targets - shallow low-cost RC drilling of geophysical anomalies in areas with high-grade surface gold occurrences  associated with a brecciated host sequence near previous gold mineralisation encountered in phase 1 drilling this year.

3.             Cassowary Intrusion - gravity survey across a unique and untested >5km wide interpreted intrusion on a major cruststal boundary east of Kalgoorlie ahead of drilling planned to test potential IOCG-type copper/gold mineralisation.

Carlow Gold/Copper Project

Diamond drilling planned to test potential for significant extensions to the Carlow high-grade gold and copper lode system, well beyond the limit of drilling, including:

•           Widely spaced holes within a 600m gap along strike between the existing resource and a recent intersection of: 7m @ 2.9g/t Au, including 1m @ 15.3g/t Au^[2]

•           Widely spaced holes to follow up an historic intersection of: 4m @ 11.1 g/t Au and 2.0% Cu 120m below the Carlow resource, which remains open below 380m

•           Project Manager to oversee technical studies including metallurgical test work, conceptual mining studies and a review of processing options

Titan Gold Targets

•           Infill gravity survey has confirmed 4 gravity anomalies (G1-G4) in an area of surface gold occurrences  and brecciation within a wide interpreted thrust zone.

•           RC drilling to test the G1 and G4 anomalies and wider ultramafic/sediment sequence which hosts elevated gold in recent drilling up to 0.5g/t Au (peak assay: 1m @ 16.4g/t Au)^[3].

Cassowary Intrusion

•           Artemis tenement E69/4266 (335km²) covering the large Cassowary Intrusion granted on 11 August, with a further four applications (with total 754km²) in progress covering additional interpreted intrusions and structures in the surrounding area.

•           Gravity survey planned across the Cassowary Intrusion to assist drill targeting.  Gravity survey and drilling is pending signing of a negotiated access agreement.

•           Drilling at Cassowary planned to test potential for IOCG type copper-gold mineralisation has added credibility with adjacent EL applications by WA1 Resources (adjoining Artemis tenements) and Teck Resources (~60km southwest on same belt).

Issue of Shares - Tranche One and Tranche Two

The Company issued 330,000,000 Shares (ASX:ARV) to professional and sophisticated investors on 29 July 2025, under Tranche One of the capital raise announced on 21 July 2025, under ASX listing rule 7.1.

The issue of Second Tranche Placing Shares and Supplier Shares was subject to shareholder approval at a general meeting held on 29 August 2025. The Second Tranche Placing Shares, 895,000,000, were issued on 8 September 2025 and will admit to trading on AIM at 8am on or around 11 September 2025.

Following admission of the Second Tranche Placing Shares, the Company will have 3,764,672,164 Shares in issue.

This figure of 3,764,672,164 Shares may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement was approved for release by the Board

For further information on the Company, please visit www.artemisresources.com.au or contact: 

Competent Person Statement

The information in this report that relates to Exploration Results was compiled by Mr Julian Hanna, a Competent Person who is a member of the Australasian Institute of Mining and Metallurgy (MAusIMM). Mr Hanna is Managing Director of Artemis Resources Ltd and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Hanna consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

No New Information

To the extent that this announcement contains references to prior exploration results which have been cross referenced to previous market announcements made by the Company, unless explicitly stated, no new information is contained. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.

Forward Looking Statements

This announcement contains historical facts, interpretations and statements relating to the Company's current exploration projects, drill targets, plans, estimates, objectives, and strategies which are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results, performance, or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Accordingly, any reliance you place on such forward-looking statements will be at your sole risk and the Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any changes in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based. The information contained in this announcement is subject to change without notice. No representation or warranty, express or implied, is given as to the accuracy, completeness or fairness of the information or opinions contained in this announcement and no liability is accepted by the Company or any of its directors, members, officers, employees, agents, or advisers for any such information or opinions.

About Artemis Resources

Artemis Resources (ASX/AIM:ARV) is a gold, copper and lithium focused resources company with a highly attractive suite of projects including projects in Western Australia's underexplored North Pilbara Gold Province and the Cassowary copper/gold exploration project 440km east of Kalgoorlie in Western Australia.

·      Attractive projects:

o  Gold/Copper - Karratha Gold Project (100%) multiple prospects incl: Carlow, Titan, Thorpe

o  Copper/Gold - Cassowary Intrusion Exploration Project - large IOCG type targets

o  Paterson Gold/Copper Project - adjacent to Havieron Mine (owned Greatland Gold)

o  Lithium - Artemis/Greentech Lithium JV: Mt Marie, Kobe, Osborne

·      Highly strategic location: Tier 1 jurisdiction, close proximity to major hub at Karratha including regional rail and road infrastructure, administrative centre and Dampier Port

·      Significant exploration upside: highly prospective tenure package in the Pilbara Region of Western Australia which is rapidly emerging gold province dominated by >12Moz Au Hemi Project

·      Mineral Resource with growth potential: existing high-grade gold-copperMineral Resource at Carlow

·      Established processing site at Radio Hill: strategically located, fully permitted

·      Cassowary Exploration Project: Artemis holds a granted 335km2 exploration licence covering the large, interpreted Cassowary Intrusion prospective for IOCG type copper/gold and has applied for four other exploration licences to cover other interpreted intrusions within a 30-40km wide rift zone