TIDMARV
RNS Number : 1098H
Artemis Resources Limited
22 November 2022
22 November 2022
Artemis Resources Limited
("Artemis" or the "Company")
(ASX/AIM: ARV, FRA: ATY, US: ARTTF)
Technical Director Appointment, CEO and Directorate Changes
Artemis Resources Limited is pleased to announce that it has
appointed Dr Simon Dominy as a Technical Director to the Company
and that it has commenced a search for an Australian-based CEO.
Since early 2020 Artemis has undergone a programme of turnaround
comprising recapitalisation, corporate and project rationalisation,
extensive exploration and resource definition and estimation and is
now well positioned to embark on an exciting new phase of
growth.
Dr Simon Dominy, Non-Executive Director and resource expert, has
been appointed Technical Director to reflect his outstanding
contributions to the progression of key Artemis projects and to
further assist the Executive team going forwards.
Furthermore, the Board has commenced a search for an
Australian-based CEO to strengthen the Executive team and drive the
Greater Carlow and Paterson Central projects forward.
As such Alastair Clayton, Executive Director, has notified the
Board of his intention to step down as a Director of the Company
with immediate effect in order to facilitate the leadership of the
Company to be moved to Australia for its next phase of growth. To
ensure a smooth transition, Mr Clayton will remain as an Executive
Officer and part of the Executive team until 17 March 2023.
Edward Mead, Non-Executive Director, has notified the Board of
his intention to step down with immediate effect. Ed will remain
available to the Company on a consulting services basis.
As a result of the aforementioned Board changes Resolutions 3
and 6 will be withdrawn from the agenda of the Annual General
Meeting ("AGM") of the Company's shareholders scheduled to be held
at 4pm (WST) on the
22 November 2022. The withdrawal of these items of business do
not affect the validity of the remainder of the resolutions to be
proposed at the AGM, or that of proxy votes already submitted in
respect of the remaining resolutions to be put to shareholders for
approval at the meeting. The numbering of all other proposed
resolutions at the AGM remains unchanged.
The Company continues to advance the Paterson Central and
Greater Carlow projects, with exploration drilling activities
expected to restart in Q1 2023. A further update on the Paterson
Central Project will be provided to the market in December.
Mark Potter, Chairman, commented; "Following the publication of
a high-grade resource estimate in October 2022, Artemis is now well
positioned to embark on an accelerated growth strategy at its
Greater Carlow Au-Cu-Co Project in 2023. The Board is unanimous in
believing that the 2023 drilling and feasibility phases require
Executive leadership in the form of a CEO based in Western
Australia.
Combined with exploration targets drilled in 2022 and to be
drilled in 2023 at Paterson Central with continued potential for a
major discovery, I believe Artemis will be well positioned when the
market appetite returns for gold equities.
On behalf of the Board, I would like to thank Alastair for his
contributions in successfully recapitalising and leading the
Company over the last few years through a period of very
substantial change.
I would also like to thank Ed for his contributions to the
technical aspects of the Company's projects."
Alastair Clayton, commented; "It's testimony to the progress
that we have made across our project portfolio and more broadly in
the corporate turnaround we embarked upon when I joined in early
2020 that my position of UK-based Executive Director is now
effectively redundant. As a shareholder and passionate advocate of
Greater Carlow and Paterson Central I will continue to assist the
Board to ensure current work streams continue apace and a smooth
handover is completed to a new Australian-based CEO."
"I'd like to thank the Board, our institutional and retail
shareholders and project stakeholders for their continued support
and I am very excited about the future of our Company."
For further information on the Company, please visit
www.artemisresources.com.au or contact:
Artemis Resources Limited
Mark Potter Mark.Potter@artemisresources.com.au
or via Camarco
WH Ireland Limited (Nominated Adviser)
Antonio Bossi / Megan Liddell (Corporate Tel: +44 20 7220 1666
Finance)
Cenkos Securities (Broker)
Neil McDonald / Adam Rae / Pearl Kellie Tel: +44 20 7894 7000
(Corporate Finance) Tel: +44 20 7894 7000
Leif Powis (Corporate Broking)
Camarco (Financial PR)
Gordon Poole / Emily Hall / Rebecca Waterworth Email: artemis@camarco.co.uk
About Artemis Resources
Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) is a
Perth-based exploration and development company, led by an
experienced team that has a singular focus on delivering
shareholder value from its Pilbara gold projects - the Greater
Carlow Gold Project in the West Pilbara and the Paterson Central
exploration project in the East Pilbara.
For more information, please visit
www.artemisresources.com.au
This announcement was approved for release by the Board
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END
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