SYDNEY - Artemis Resources Limited (ASX/AIM: ARV, FRA: ATY, US: ARTTF), a gold, copper, and lithium exploration company, has announced a temporary halt in trading of its shares on the Australian Securities Exchange (ASX) starting today for a capital raising initiative. The halt is to facilitate a book build to secure funding for further exploration of the company's assets, particularly its gold projects, and to support general working capital.
The company, with a portfolio that includes the Karratha Gold and Lithium Projects, as well as the Paterson Central Gold/Copper project in Western Australia, aims to use the raised capital to advance its exploration programs. Artemis's trading halt on the ASX is expected to last until an announcement is released or until the market opens on December 16, 2024, whichever comes first.
While the ASX trading has been paused, Artemis shares continue to be traded on the AIM market of the London Stock Exchange (LON:LSEG) without interruption. This strategic move is part of Artemis's ongoing efforts to explore and develop its significant tenement package in the north Pilbara region, which includes the high-grade Mt Marie Lithium Prospect and the Osborne Lithium JV with GreenTech Metals (ASX:GRE).
The company has lightly explored the majority of its tenement package and plans to conduct methodical exploration programs to identify and test gold targets. These targets are associated with mineralized veins, alteration halos, interpreted electromagnetic anomalies, and prospective geological structures.
Artemis Resources is also committed to progressing the Karratha Lithium project, including further field work and drilling at the most advanced targets in due course. The company owns the Radio Hill processing plant, which is strategically located 35km from Karratha, providing logistical advantages for processing materials.
The information in this article is based on a press release statement issued by Artemis Resources Limited.
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