Artemis Resources Reports Quarterly Cash Flow

Artemis Resources Limited (AU:ARV) has released an update.

Artemis Resources Limited reported a net decrease in cash from operating and investing activities, with a quarterly outflow of $358,000 and $950,000 respectively, and a year-to-date outflow of $1,692,000 and $2,635,000. However, the company’s financial activities provided a positive cash flow, with $1,100,000 for the quarter and $3,235,000 year-to-date, leading to an overall net increase in cash and cash equivalents. The company continues to invest heavily in exploration and evaluation, indicating an ongoing search for resource expansion.

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