17th Nov 2025 14:07
(Alliance News) - Artemis Resources Ltd on Monday said an independent consultant has started a conceptual mining study at Carlow.
The gold, copper and lithium focused mining company with projects in Western Australia said the study by Snowden-Optrio aims to unlock Carlow's development optionality.
It will also "help guide the extensional drilling program in the immediate area of the resource and provide drill core samples for metallurgical testwork", the company said.
Artemis Resources expects extensional drilling east of Carlow to commence in December, with extension drilling below Carlow expected in the first quarter of 2026.
The company noted that a recent high-grade intersection at Titan East "confirms excellent potential of satellite targets near Carlow." The final assay results for Titan are still pending.
Executive Director Jozsef Patarica said: "The conceptual mining study is an important next step in advancing the Carlow project. We are very focused on unlocking the full potential of the Carlow project area given the very high-grade intercept at Titan East along with the increase in gold price.
"The mining study is part of multi-pronged approach with follow-up drilling at Titan due to start next week and extension drilling east of Carlow due to start in early December. Importantly, this work helps position Carlow for future development decisions, with higher gold and copper prices significantly improving project optionality and potential value creation for shareholders."
Shares in Artemis Resources traded flat at 0.50 pence on Monday afternoon in London.
By Roya Shahidi, Alliance News reporter
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