17 December 2025

Artemis Resources Limited 

("Artemis" or "The Company") 

Titan East Confirms Emerging Gold Zone

Titan East Discovery: 19m @ 1.6g/t Au Confirms Emerging Gold Zone

Follow-up Diamond Drilling underway

 Highlights

·    Discovery intersection of 19m @ 1.6g/t Au in hole 25ARRC025 within newly identified Titan East shear zone.

·    This follows a standout high-grade intersection of 5m @ 13.1 g/t Au in hole 25ARRC006[1], announced 28 October, confirming the significance of the Titan East shear zone.

·    Results from 25ARRC025 are the first received from a 6-hole RC program in November testing a 600m strike length of the shear zone, with numerous assays pending.

·    Visual results from other RC holes are very encouraging, with several holes intersecting broad zones of alteration and veining potentially associated with gold mineralisation.

·    Diamond drilling commenced on 10 December to obtain geological and assay information to assist in defining the scale and orientation of the mineralised zone.

·    The first diamond hole, 25ARDD006 has drilled across the shear zone and is being deepened at the date of this announcement.  Core photos are included in Figures 5 & 6.

·    The December quarter RC and diamond drilling programs at Titan East are expected to underpin a substantial follow-up drilling campaign planned for early 2026.

Artemis Resources (ASX: ARV) (Artemis or the Company) is pleased to report that recent work at Titan East has evolved from early encouraging drilling results to a standout high-grade intercept, now complemented by a wide gold intersection, supporting the acceleration of drilling as the Company advances exploration of a newly identified gold zone.

Jozsef Patarica, Executive Director, commented:

"Drilling at Titan East continues to demonstrate the potential for a significant, coherent mineralised system beneath shallow cover. The combination of the previously reported high-grade intercept in hole 25ARRC006 and the newly reported wide intersection in 25ARRC025 reinforces our interpretation of a substantial shear-hosted gold structure with encouraging width and continuity.

While numerous assays from five RC holes and one diamond hole remain pending, the consistency of alteration, veining and mineralisation observed across multiple holes provides increasing confidence in the potential of this emerging zone. The commencement of diamond drilling marks an important step in advancing our geological understanding, with structural information from this hole expected to materially inform follow-up targeting and drilling design.

Titan East represents a compelling growth opportunity within the broader Carlow Gold-Copper Project, and results from the current programs are expected to underpin an expanded drilling campaign in early 2026"

Strategic Context and Program Overview

Initial RC drilling earlier this year[2], targeting strong rock-chip samples at surface[3], provided early encouragement that Titan East may host a mineralised structure beneath shallow cover. These results established the area as a credible new target located only 1.5km from the existing Carlow deposit (Inferred Resource 374koz Au and 64kt Cu [4]).

The subsequent drilling program materially upgraded the prospectivity of the area, returning an exceptional high-grade intersection of 5m @ 13.1g/t Au in hole 25ARRC006. This result confirmed the potential of the newly identified interpreted shear zone and provided a clear rationale to accelerate follow-up exploration.

Building on this momentum, Artemis completed a follow-up six hole RC drilling program in November along a 600m strike length of the interpreted shear zone. Several holes intersected broad zones of alteration and veining consistent with gold-bearing systems, with selective intervals submitted for fast-track analysis.

Assay results from the first hole of this program returned a wide intersection of 19m @ 1.6g/t Au in hole 25ARRC025. Encouraged by these early results, the Company has moved quickly to commence diamond drilling to define the geometry and scale of the mineralised structure.

Figure 1: Interpreted Long Section showing geological/structural interpretation, Titan East discovery drill hole intersections, outline of Carlow Resource and planned drill holes to test extensions to known high grade gold and copper mineralisation during March quarter 2026

Titan East - Summary of Recent and Current Drilling

Phase One:

Ten RC holes were drilled in September 2025 to test three priority targets at Titan East (Figure 1). Two of the RC holes intersected a previously untested mineralised structure, interpreted to be a wide north-east trending shear zone beneath shallow cover, with holes 25ARRC006 and 25ARRC024 returning broad intervals of gold mineralisation (Appendix Tables 1-2). Drilling away from the interpreted shear zone returned no significant intersections.

Phase Two:

Six follow-up RC holes (25ARRC025-030) were completed in November 2025 along a 600m strike length to assess the potential of the interpreted shear zone highlighted in Phase One. Five of the six holes intersected broad zones of alteration and veining consistent with gold-bearing systems. Fast track assay results for hole 25ARRC025 resulted in an intersection 19m @ 1.6g/t Au from 127m, including 6m @ 2.63g/t Au from 131m (Refer to Table 3).

Phase Three:

A 300m diamond drill hole (25ARDD006) commenced on 10 December to provide structural information across the shear zone and test potential extensions to the high-grade mineralisation in 25ARRC006.  At date of this announcement 25ARDD006 has intersected a wide interval with strong quartz veining above a strongly altered contact at the base of the shear zone (Figures 5 and 6).  Drilling is continuing with assay results of drill core samples expected in January.

Figure 2: Carlow tenement showing outline of Carlow gold-copper deposit, location of Titan East and access to Carlow Project area from Karratha

Figure 3: Geological and structural interpretation of Carlow tenement showing Carlow gold-copper deposit, interpreted shear zones and high-grade gold intersections at Titan East

Figure 4: Satellite image of Titan East showing completed drill holes and location of current diamond drill hole (25ARDD006 - green star) testing the basal contact of the shear zone.

Figure 5: 25ARDD006 - drill core from 140.0-164.8m showing intensive quartz veining and related alteration within interpreted Titan East shear zone (assays pending)

Figure 6: 25ARDD006 - drill core from 164.8-185.0m showing strong alteration associated with basal contact of interpreted Titan East shear zone (assays pending)

Titan East - Next Steps

·    Complete current diamond hole 25ARDD006 - expected December

·    Review assay results from 5 RC holes - expected early March quarter 2026.

·    Follow-up RC and diamond drilling along shear zone - expected March quarter 2026.

·    Updated geological model and next set of targets - planned late March quarter 2026

Figure 7: Project Geologist Tony Sheehan with drill chips from 25ARRC025 (140-160m) including veined, altered ultramafic sequence and sediments (Refer Table 3) 

Table 1: 25ARRC006 - high-grade gold intersection announced 29 October 2025 within 20m

 wide (131m-151m) interval of strongly elevated gold assays within Titan East shear zone[5]

Table 2: 25ARRC024 - strongly elevated gold assays for 1m sample intervals within 24m wide (116m-140m) interval within Titan East shear zone. Note: end of hole assay (0.72g/t Au)

Table 3: 25ARRC025 - gold assays for 1m sample intervals from 127m-146m

Table 4: Drill hole parameters for Phase Two RC holes 25ARRC025 to 25ARRC030; and Phase Three diamond hole 25ARDD006 (in progress)

This announcement was approved for release by the Board

For further information: 

Qualified / 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 Technical 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. Mr Hanna is also considered as a Qualified Person for the purposes of the AIM Rules.

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.

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About Artemis Resources

Artemis Resources (ASX/AIM: ARV) is a gold and copper focused resources company with a highly attractive suite of projects including projects in Western Australia's underexplored North Pilbara Gold Province and at the Cassowary Exploration Project located 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 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-copper Mineral Resource at Carlow[6] with very promising gold results from initial drilling at Titan East located only 1.5km from Carlow

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

·    Cassowary Exploration Project: Artemis holds a granted 341km² exploration licence covering the large, interpreted Cassowary Intrusion prospective for IOCG type copper/gold and has four other exploration licence applications to cover other interpreted intrusions within a 30-40km wide interpreted rift zone