Artemis Res Regulatory News (ARV)

Intercepts >0.20 g/t Au

Hole ID

From

To

Intercept

22PTMRD011

714m

715m

1.0m @ 0.29 g/t Au

22PTMRD011

733m

734m

1.0m @ 0.26 g/t Au

22PTMRD011

752.6m

755m

2.4m @ 0.85g/t Au

Including

754m

755m

1.0m @ 1.73 g/t Au

22PTMRD011

904m

905m

1.0m @ 0.61 g/t Au

Intercepts >0.25% Cu

Hole ID

From

To

Intercept

22PTMRD011

All Copper Assays Pending

Intercepts >0.25% Cu

Hole ID

From

To

Intercept

22PTMRD010

620m

624m

4.0m @ 0.41% Cu, 0.05g/t Au

22PTMRD010

Includes

623m

624m

1.0m @ 1.25% Cu, 0.15g/t Au

22PTMRD010

626m

630m

4.0m @ 0.27% Cu, 0.07g/t Au

22PTMRD010

Includes

626m

627m

1.0m @ 0.75% Cu, 0.18g/t Au

22PTMRD010

639m

643m

4.0m @ 0.97% Cu, 0.31g/t Au

22PTMRD010

Includes

639m

640m

1.0m @ 2.99% Cu, 0.39g/t Au

Intercepts >0.20 g/t Au

Hole ID

From

To

Intercept

22PTMRD010

617m

618m

1.0m @ 1.49g/t Au, 0.02% Cu

22PTMRD010

639m

644m

5.0m @ 0.31 g/t Au, 0.81 % Cu

Including

639m

640m

1.0m @ 0.39 g/t Au, 2.99% Cu

22PTMRD010

687m

690m

3.0m @ 0.31g/t Au*

Including

687m

688m

1.0m @ 0.70g/t Au*

* Waiting on multi-element assays

Intercepts >0.20 g/t Au

Hole ID

From

Depth

Intercept

GDRCD006

1032

1033

1.0m @ 0.22 g/t Au, 0.07 % Cu

GDRCD006

1090.9

1091.1

0.3m @ 3.08 g/t Au, 0.01 % Cu

Artemis Resources Limited

Mark Potter

Mark.Potter@artemisresources.com.au

or via Camarco

WH Ireland Limited (Nominated Adviser)

Antonio Bossi / Megan Liddell (Corporate Finance) 

Tel: +44 20 7220 1666

Cenkos Securities (Broker)

Neil McDonald / Adam Rae / Pearl Kellie (Corporate Finance) 

Leif Powis (Corporate Broking) 

Tel: +44 20 7894 7000

Tel: +44 20 7894 7000

Camarco (Financial PR)

Gordon Poole / Emily Hall / Rebecca Waterworth

Email: artemis@camarco.co.uk

HoleID

Type

Easting GDA94

Northing GDA94

RL (m)

Dip

Azim Mag

Total Depth (m)

GDRCDD006

DD

462127

7600424

2626

-65.63

80.42

1102.9

22PTMRD008

MD

464560

7600420

267

-75.0

80.0

985

22PTMRD009

MD

464560

7600420

267

-69.0

276.6

1054.9

22PTMRD010

MD

462120

7600420

262

-75.0

92.87

1052.1

22PTMRD011

MD

462360

7600420

262

-76.1

353.8

940.0

Sampling

techniques

·  Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

·  Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

·  Aspects of the determination of mineralisation that are Material to the Public Report.

· In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

· Mud rotary drilling was used to drill the pre-collars for the diamond tails. No samples were taken in the mud rotary interval.

· Diamond core was summary logged at the Paterson site, but no samples were taken.

· Drilling sampling techniques employed at the Artemis core facility include saw cutting HQ and NQ drill core samples.

· Core was cut in half, with one half sent for analysis at an accredited laboratory, while the remaining half was stored in appropriately marked core boxes and stowed in a secure core shed.

· HQ and NQ wireline core was used to drill out the geological sequences and identify zones of mineralisation that may or may not be used in any Mineral Resource estimations, mining studies or metallurgical testwork.

· Diamond core was sampled on geological intervals/contacts, with the minimum sample size of 0.25m and max 1.2m.

· Drill core was sent to an ARV facility, where the core will be securely stored and processed.

Drilling

techniques

· Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).

· Mud rotary and diamond drilling was completed by Durock Drilling using a truck mounted DE840 multipurpose rigs mounted on an 8x8 truck.

Drill sample

recovery

· Method of recording and assessing core and chip sample recoveries and results assessed.

· Measures taken to maximise sample recovery and ensure representative nature of the samples.

· Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

· Recoveries are recorded on logging sheets and are also independently measured by drillers using drill runs.

· Due to the competent nature of the rocktype encountered in the projects, diamond core recovery is >90%

· Statistical analysis on recoveries vs grade at this stage of the program is not necessary.

Logging

· Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

· Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

· The total length and percentage of the relevant intersections logged.

· Diamond core is placed into core trays at the drill site with all marking on the core with respect to core block depths and orientation locations completed at site.

· Core trays are labelled with tray numbers and from - to depths.

· Core is transferred to a core logging facility where it is processed for geological, structural, geotechnical logging.

· The hole is logged in its entirety, hence 100% of the core will be detailed logged.

·

Sub-sampling

techniques and

sample

preparation

· If core, whether cut or sawn and whether quarter, half or all core taken.

· If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

· For all sample types, the nature, quality and appropriateness of the sample preparation technique.

· Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

· Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.

· Whether sample sizes are appropriate to the grain size of the material being sampled.

· Core is marked up for sampling according to logging sheets, using the orientation line as a guide. The core cutting line is drawn 90 degrees clockwise from the orientation line, looking down the core

· Core is cut in half using an Almonte automatic core saw.

· One half is retained as a representative sample and replaced in the core tray; the other half is placed into a pre-labelled sample bag, recorded and sent as a batch to the laboratory for assaying.

· The same side of the core is always retained or sent to the lab.

· Sample sizes are appropriate to the grain sizes of the material being sampled.

Quality of assay

 data and

laboratory tests

·  The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

·  For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

· Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

· A certified laboratory, ALS Chemex (Perth) was used for all analysis of drill samples submitted. The laboratory techniques below are for all samples submitted to ALS and are considered appropriate for the style of mineralisation defined within the Paterson Project area

· The sample preparation followed industry best practice. Fire assay samples were dried, coarse crushing to ~10mm, split to 300g subsample, followed by pulverisation in an LM5 or equivalent pulverising mill to a grind size of 85% passing 75 micron.

· This fraction was split again down to a 50g charge for fire assay

· 50-gram Fire Assay (Au-AA26) with ICP finish for Au.

· No QC for Ag currently in place.

· All samples were dried, crushed, pulverised and split to produce a sub-sample of 50g which is digested and refluxed with hydrofluoric, nitric, hydrochloric and perchloric acid (4 acid digest).

· This digest is considered a total dissolution for most minerals

· Analytical analysis is performed using ICP-AES Finish (ME-ICP61) for Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn.

· Additional Ore Grade ICP-AES Finish (ME-OG62) for Cu reporting out of range.

· Standards are supplied by ORE Research and Exploration Pty Ltd and Geostats Pty Ltd.

· Standards were routinely inserted into the sample run at 1:20.

· Laboratory standards and blank samples were inserted at regular intervals.

Verification of

sampling and

assaying

·  The verification of significant intersections by either independent or alternative company personnel.

·  The use of twinned holes.

·  Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

·  Discuss any adjustment to assay data.

· Sampling was undertaken by field assistants supervised by experienced geologists from Artemis Resources. Significant intercepts were checked by senior personnel who confirmed them as prospective for gold mineralisation.

· No twin holes using RC was completed in this program.

· Electronic data capture on excel spreadsheets which are then uploaded as .csv files and routinely sent to certified database management provider.

· Routine QC checks performed by Artemis senior personnel and by database management consultant.

· PDF laboratory certificates are stored on the server and are checked by the Exploration Manager.

Location of

data points

·  Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

·  Specification of the grid system used.

·  Quality and adequacy of topographic control.

· A Garmin GPSMap62 hand-held GPS was used to define the location of the initial drill hole collars. Standard practice is for the GPS to be left at the site of the collar for a period of 5 minutes to obtain a steady reading. Collar locations are considered to be accurate to within 5m.

· A high-quality downhole north-seeking continuous survey gyro-camera was used to determine the dip and azimuth of the hole at 30m intervals down the hole.

· Zone 50 (GDA 94).

· Surface collar coordinates were surveyed using only hand-held Garmin 62sx units.

Data spacing

and distribution

·  Data spacing for reporting of Exploration Results.

·  Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

·  Whether sample compositing has been applied.

· The holes in this program are deemed 'wild-cat' holes and as such are not drilled to any grid spacing, but rather targeting geophysical targets at depth.

· No compositing will be applied.

Orientation of data in relation to geological structure

·  Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

·  If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

· Drill holes were designed to intersect geophysical targets and hence orientations of structures and mineralisation are not known.

Sample security

· The measures taken to ensure sample security.

· The chain of custody is managed by the supervising geologist.

· Core trays are stacked on pallets at site 8 trays high and strapped.

· Drillers transport pallets off-site to ARV logging facility.

Audits or reviews

· The results of any audits or reviews of sampling techniques and data.

· Not completed at this stage.

Mineral tenement and land tenure status

·  Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

· The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

· Drilling by Artemis was carried out on E45/5276 - 100% owned by Artemis Resources Ltd.

· This tenement is in good standing, free of any impediments.

Exploration done by other parties

· Acknowledgment and appraisal of exploration by other parties.

· Majority of the exploration for gold was completed by Newcrest and its predecessor Newmont, within the area encompassing E45/2418, 45 km to the east of Telfer gold mine known locally as Anketell, commenced in 1986 and progressed in three main phases to 1996.

· 1986-1989: Originally part of Newmont's Canning tenement group, surface geochemical sampling (mainly BLEG) and RAB and RC drilling were undertaken in the Anketell area following the recognition of a suite of distinctive and intriguing aeromagnetic anomalies. Results from this work were not encouraging and the tenements were surrendered.

· 1991-1992: New tenement coverage was obtained by Newcrest following detailed interpretation of the aeromagnetics and recognition that the earlier work had not, in fact, tested the magnetic anomalies because of thick Phanerozoic cover. Diamond drilling was used to test several of the anomalies, with mineralization of potential economic significance being intersected in two holes at the Havieron Prospect. Unfortunately, the Proterozoic-hosted mineralization is concealed beneath +400m of post-mineral cover, and no further work was done in this period.

· 1995: The project was again revived, with a program of diamond drill testing of additional magnetic targets in the northern parts of the Anketell area without success, and at the Havieron Prospect with only minor success.

· 1997: No exploration was undertaken on M45/605. The tenement was included in a package of Telfer tenements on offer for farm-out.

· 1998-2001: The Havieron tenement M45/605 was included as part of the Normandy/Newcrest Crofton JV. No further field work was undertaken during this time and Normandy withdrew from the JV on 10" January, 2001. The Mining Lease was subsequently surrendered by Newcrest Mining Limited on the 19" March, 2001.

· 2003: The area was reapplied for by Newcrest Mining Limited on the 43" May, 2002 and subsequently granted by DOIR on May 8, 2003 as the Terringa Project (E45/2418) with an area of 19,600ha (196km'). The tenement has subsequently been renamed Havieron to reflect the location of the original AMAG anomaly.

· 2004: Exploration conducted on E45/2418 comprised the drilling of one (1) diamond drillhole (HACO301) for a total of 717.9m - 102m of RC and 615.9m of core. A maximum intercept of 1m @ 180 ppb from 503m dhd was recorded.

· 2005: Nine core samples from HAC0301 were submitted to Mason Geoscience Pty Ltd for thin section petrological analysis.

· 2006: An aeromagnetic survey was conducted across the entire tenement.

· 2007: No exploration conducted on surrendered ground.

· 2008: A 4 hole air core program was carried out to test a aeromagnetic anomaly.

· 2013 - 2015, Potash exploration by Reward Minerals concluded that the area was not prospective for potash occurrences.

· 2014 - Ming Gold explored on E45/3598. Work included reinterpretation of the geophysical data (magnetics, gravity and EM) along with core inspection at Havieron. Due to significant depth of cover the Proterozoic basement was not reached for several targets and in other cases it is interpreted that the drilling potentially missed the anomalies.

· 2018 - Tenement E45/5276 acquired by Armada Mining, subsidiary of Artemis Resources. Armada completed low detection soil sampling (MMI and Ionic leach). Three deep diamond holes were drilled in the Nimitz Prospect only 2.5km to the east of Havieron area for a total of 3,012m. Drilling programs are on-going.

Geology

· Deposit type, geological setting and style of mineralisation.

· This program has yet to define the type and style of mineralisation that is being targeted.

· However, based on other styles of mineralisation located nearby, as in the Havieron Deposit, the types of mineralisation likely to be discovered include IOCG, porphyry-style mineralisation, breccia hosted Au-Cu and skarns.

· Geological setting of the area includes thick units of Permian fluvioglacials which form the major component of the Phanerozoic cover sequence. Lithologies consist of tillite, sandstone and siltstone. The cover thickness increases to the east. The sandstone units are usually medium to coarse-grained, with lesser finer grained intervals and usually grey in colour. The coarser grained sandstones are occasionally brown or light brown in colour. Most of the sequence appears to be fairly flat lying. The siltstone units are light or dark grey in colour. Clasts in the tillite have been derived from a large range of rock types including calcareous sediments, sandstone and siltstone, as well as crystalline rocks such as granite and gneiss. Most of these rock fragments appear to have been derived originally from the Proterozoic (Stewart, M.A., 2008 Annual Technical Report, Newcrest).

· Occurrences of pyrite in these layers are not significant for gold and is interpreted to be diagenetic.

· Drilling that was undertaken by Newcrest indicate the development of higher grade metamorphic units and granite in the north of the project area and lower grade metamorphics in the south, including the Havieron prospect. The marble and quartzite at Havieron are believed to be related to the Puntapunta Formation and Wilkie Quartzite Formations, both of which are linked to the Yeneena Group. Down-hole dip measurements at the Havieron prospect suggest a north-northwest to east-west strike to the local bedding which is in contrast to the regional west-northwest strike. The variety of dip direction in the area implies a structural complexity that is not yet fully understood, however, is consistent with the prospect representing a geological anomaly accounting for the localised mineralisation. Sulphide mineralisation at Havieron includes pyrite ± chalcopyrite occurring as breccia-fill, and occasionally, strata-bound pyrrhotite, all of which appear to be linked to gold and bismuth mineralisation (Stewart, M.A., 2008 Annual Technical Report, Newcrest).

Drill hole Information

·  A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

·  easting and northing of the drill hole collar

·  elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar

·  dip and azimuth of the hole

·  down hole length and interception depth

·  hole length.

·  If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

· Drill hole information is contained within this release.

Data aggregation methods

·  In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

·  Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

· The assumptions used for any reporting of metal equivalent values should be clearly stated.

· Not applicable

Relationship between mineralisation widths and intercept lengths

·  These relationships are particularly important in the reporting of Exploration Results.

·  If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

·  If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').

· Not Applicable

Diagrams

· Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

· Appropriate diagrams are shown in the text.

Balanced reporting

· Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

· Not Applicable 

Other substantive exploration data

·  Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

· Not Applicable

Further work

·  The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

·  Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

· Further work with regards to drilling is justified to continue to test geophysical anomalies, based on results to date.