RE: RNS22 Dec 2025 08:45
BodRuncie - First of all it's in dollars , then read the terms;
Binding Earn In and Joint Venture Agreement - Key Terms
· Initial commitment: Artemis has a minimum expenditure requirement of $400,000 to fund the initial drill hole at Sharon Dam within a 12-month expenditure period
· The expenditure period may be extended in event of unexpected delays due to Force Majeure or delays to heritage surveys or other cultural related restraints
· If drilling fails to reach target depth, or no favourable geology or indications of mineralisation intersected before 500m depth, the minimum expenditure requirement will reduce to $250,000
· Red Metal will transfer to Artemis funds received by Red Metal from the EIS co-funding grant (est. ~$220,000) - not to be used to satisfy the minimum