Artemis Resources (ARV) Q4 2026 TU earnings summary

Executive summary

• Advanced Madura Copper-Gold Project towards maiden drilling, with heritage survey and pre-drilling preparations at Cassowary and Sharon Dam prospects.

• Secured A$8 million in a heavily oversubscribed placement, cornerstoned by Jupiter Asset Management, to accelerate exploration.

• Completed field mapping and rock-chip sampling at Sing Well/Sing Six and progressed geological reviews at Pilbara projects.

Financial highlights

• Raised A$8 million via placement at A$0.004 per share, with Tranche 1 (727.7M shares) settled and Tranche 2 pending shareholder approval.

• Cash and cash equivalents at quarter end were A$3.45 million, up from A$1.24 million in the previous quarter.

• Quarterly exploration expenditure was approximately A$687,000, mainly for Madura project preparations.

• Net cash used in operating activities was A$538,000; net cash from financing activities was A$2.76 million.

Outlook and guidance

• Maiden drilling at Cassowary targeted for Q3 2026, pending heritage clearance and final approvals.

• Initial drilling at Sharon Dam to be co-funded by a WA Government EIS grant, with further access and heritage discussions ongoing.

• Exploration and resource growth to continue across Madura and Pilbara projects, with follow-up drilling into 2027.