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Artemis Resources ( (AU:ARV) ) has shared an update.
Artemis Resources has entered into an earn-in and joint venture agreement with Red Metal Limited over the Sharon Dam T1 IOCG intrusion, about 50km south of its Cassowary Intrusion project in Western Australia’s Madura Province. Under the deal, Artemis can earn a 60% interest in the Sharon Dam project by spending at least $5 million over three years, including a $400,000 drilling commitment in the first 12 months, partly offset by a government co-funding grant. The JV consolidates Artemis’ 1,180km² copper-gold position along the Madura Crustal Boundary, providing a second high-potential, previously undrilled IOCG target in a shallow-cover, frontier belt and creating a relatively low-cost, fast-track path to drilling slated for March–April 2026, subject to heritage clearance, which could significantly enhance the company’s exploration profile and copper discovery potential in the region.
The most recent analyst rating on (AU:ARV) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Artemis Resources stock, see the AU:ARV Stock Forecast page.
More about Artemis Resources
Artemis Resources Limited (ASX/AIM: ARV) is an Australian mineral exploration company focused on copper and gold, with a growing landholding along the Madura Crustal Boundary in Western Australia. The company is positioning itself as a leading copper explorer targeting iron oxide copper-gold (IOCG) and other intrusion-related deposits in one of Australia’s last underexplored copper frontiers.
Average Trading Volume: 16,011,566
Technical Sentiment Signal: Sell
Current Market Cap: A$30.17M
Find detailed analytics on ARV stock on TipRanks’ Stock Analysis page.