Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Artemis Resources ( (AU:ARV) ) has issued an announcement.
Artemis Resources has entered an earn-in and joint venture agreement with Red Metal over the Sharon Dam intrusion in Western Australia’s Madura Province, securing the right to earn a 60% interest in the large, undrilled IOCG target by spending $5 million over three years, including an initial $400,000 drilling commitment partly offset by a government exploration grant. The deal strategically extends Artemis’ copper-gold footprint 50km south of its Cassowary Intrusion, consolidating control over a belt of interpreted intrusions along the Madura Crustal Boundary and positioning the company as a key early mover in a frontier copper district that is drawing interest from majors and peers; with a granted tenement, existing access and heritage agreements, and shallow cover enhancing cost effectiveness, drilling slated for early 2026 offers a near-term, high-impact discovery catalyst for shareholders.
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 is an ASX/AIM-listed mineral exploration company focused on copper and gold projects in Western Australia. The company is building a large-scale position along the Madura Crustal Boundary, targeting iron oxide copper-gold (IOCG) and other intrusion-related deposits within an emerging, underexplored mineral province.
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.