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Artemis Resources
(OTC:ARV)
Artemis Resources (ARV) vs. iShares MSCI Australia ETF (EWA)
Artemis Resources Business Overview & Revenue Model
Artemis Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 211.80K | 240.38K | 80.17K | 33.39K | 133.81K | 185.22K | Gross Profit |
| 211.80K | 240.38K | -121.60K | -64.60K | 18.07K | -334.90K | EBIT |
| -886.17K | -1.10M | -2.85M | -3.86M | -4.19M | -4.97M | EBITDA |
| -1.08M | -1.24M | -16.71M | -3.77M | -4.08M | -11.39M | Net Income Common Stockholders |
| -20.41M | -16.59M | -16.92M | -7.53M | -10.48M | -12.27M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.93M | 1.65M | 5.45M | 12.39M | 9.62M | 7.00M | Total Assets |
| 38.10M | 39.17M | 52.79M | 67.67M | 61.73M | 56.86M | Total Debt |
| 217.84K | 47.79K | 152.96K | 153.45K | 157.50K | 157.50K | Net Debt |
| -2.24M | -524.84K | -1.55M | -5.95M | -8.93M | -254.64K | Total Liabilities |
| 8.12M | 7.33M | 7.42M | 8.35M | 4.06M | 3.41M | Stockholders Equity |
| 29.98M | 31.83M | 45.37M | 59.32M | 57.67M | 53.45M |
| Cash Flow | Free Cash Flow | ||||
| -4.01M | -4.26M | -8.89M | -12.01M | -11.74M | -5.09M | Operating Cash Flow |
| -1.56M | -1.81M | -2.87M | -3.86M | -1.93M | -2.09M | Investing Cash Flow |
| -2.45M | -2.45M | -3.80M | -7.57M | -2.54M | -2.18M | Financing Cash Flow |
| 4.90M | 3.13M | 2.28M | 8.99M | 13.15M | 3.86M |
Artemis Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.03B | -1.13 | -21.36% | 3.65% | 2.87% | -30.54% | |
32 Underperform | AU$17.70M | ― | -53.93% | ― | ― | -1133.33% | |
| €9.26M | ― | -16.11% | ― | ― | ― | ||
| €9.47M | ― | -75.66% | ― | ― | ― | ||
| ― | -4.06% | ― | ― | ― | |||
43 Neutral | AU$16.20M | ― | -3.70% | ― | ― | -92.59% | |
31 Underperform | AU$16.26M | ― | -186.04% | ― | ― | -47.06% |
Artemis Resources Corporate Events
Artemis Resources Limited has announced a substantial drilling program set to commence in the September quarter, targeting significant extensions at its Carlow Gold and Copper Project. The program includes 3,800 meters of diamond drilling to explore potential resource extensions and provide samples for metallurgical testing. Additionally, the company plans 1,200 meters of RC drilling at the Titan Gold Targets and a gravity survey at the Cassowary Intrusion to identify potential IOCG-type mineralization. These initiatives are aimed at advancing the Carlow Project towards feasibility and development, enhancing Artemis’s position in the gold and copper mining sector.
Artemis Resources has completed the first phase of drilling at the Karratha Gold Project, targeting previously undrilled areas near the Carlow gold/copper deposit. Significant gold intersections were found at the Marillion and Titan targets, indicating potential extensions of the Carlow deposit. The company is also reviewing historical drill data to refine its resource estimates. Additionally, Artemis has entered a joint venture with GreenTech Metals to consolidate lithium rights, enhancing its strategic positioning in the lithium market.
Artemis Resources Limited has announced promising results from its Phase One drilling program at the Carlow gold/copper resource, extending the gold potential by 600 meters along strike. The drilling revealed high-grade gold intersections at the Marillion and Titan targets, suggesting significant extensions to the known Carlow deposit. With gold prices currently high, Artemis is reviewing over 400 historic drill holes to assess further potential. The company plans to continue drilling in the June quarter, aiming to explore the gap between Carlow and Marillion, and to conduct conceptual technical studies, including metallurgical test work, to further understand the Carlow geological setting.
GreenTech Metals and Artemis Resources have formed a joint venture, Andover Lithium Pty Ltd, to consolidate their lithium mineral rights in the West Pilbara region. This collaboration creates the largest lithium exploration package in the area, covering over 420 km² and includes several lithium prospective areas. The venture aims to attract major funding partners, allowing GreenTech and Artemis to focus on their core activities of copper/zinc and gold exploration, respectively. The consolidation is expected to streamline operations without significant management or cost burdens, enhancing the companies’ strategic positioning in the lithium market.
Artemis Resources and GreenTech Metals have formed a joint venture, Andover Lithium Pty Ltd, to consolidate their lithium mineral rights in the West Pilbara, creating the largest lithium exploration package in the region. This strategic move aims to attract major funding partners and allows both companies to focus on their core exploration activities, with Artemis concentrating on gold and GreenTech on copper and zinc, potentially strengthening their positions in the resource sector.
Artemis Resources Limited has completed the first phase of drilling on its Carlow Tenement, targeting three high-priority gold prospects. The drilling, which included five diamond holes totaling 1,790 meters, aimed to explore areas around the Carlow gold/copper deposit. Notable findings include intersections of hydrothermal alteration and veining at the Titan prospect and elevated arsenic levels, which may indicate gold mineralization. The results from the drill core samples are pending, which could impact the company’s exploration strategy and stakeholder interests.
Artemis Resources Limited has completed the first phase of drilling at the Carlow Tenement, targeting three high-priority gold prospects. The drilling program, which included five diamond holes totaling 1,790 meters, aimed to explore the Titan, Marillion, and potential extensions of the Carlow deposit. Initial findings indicate promising signs of mineralization, with hydrothermal alteration and elevated arsenic levels detected at the Titan prospect, suggesting potential gold associations. The results from this phase are expected to enhance the company’s understanding of the geological setting and expand the gold potential in this mineral-rich area, with assay results anticipated soon.
Artemis Resources Limited has released its consolidated interim financial report for the half-year ended December 31, 2024. The company is listed on both the Australian Securities Exchange and the London Stock Exchange. This financial report provides stakeholders with insights into the company’s financial health and operational performance over the past six months, which could influence investor confidence and market positioning.
Artemis Resources Limited has announced the appointment of Bruce Garlick as a director, effective March 5, 2025. Garlick holds 957,468 ordinary shares through his superannuation entity, indicating a significant personal investment in the company. This appointment is expected to strengthen the company’s leadership team and potentially influence its strategic direction, benefiting stakeholders by aligning management interests with shareholder value.