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Artemis Resources Limited (ASX:ARV)

ALERT: Price-sensitive ASX Announcement for ARV
Current share price for ARV : $0.003 -0.007 (-70%)+
Announcement
Release
17 Nov 2025 8:24AM
Price at Release
$0.010
Full Release
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Summary
Artemis Resources Limited announced a conceptual mining study, conducted by Snowden-Optrio, for the Carlow Gold and Copper Project to assess development scenarios in light of significantly higher gold and copper prices. With gold prices increasing by approximately 250% since 2022, the study focuses on evaluating open pit and underground optimizations to inform extensional drilling and resource growth. Initial extensional drilling is set to begin in December 2025, aiming to follow up on promising recent gold intersections. The project is structured to enhance development decisions, supported by continued exploration at nearby Titan East, which demonstrated high-grade results.
Key Points
  • Snowden-Optrio is conducting a conceptual mining study at the Carlow Gold and Copper Project.
  • The study will evaluate open pit and underground optimizations to guide future drilling and development.
  • Gold prices have surged approximately 250% since 2022, enhancing project feasibility.
  • Extensional drilling is planned to begin in December 2025 to explore high-grade intersections.
  • Recent drilling at Titan East showed promising results, supporting further exploration near Carlow.
  • The study aims to incorporate results into ongoing resource analysis for better development decisions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.