Artemis Resources Limited Disposal of non-core investment for AUD2.0m

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Artemis Resources Limited	LSE:ARV	London	Ordinary Share	AU000000ARV3	ORD NPV (DI)

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.0%	1.45	1.40	1.50	1.45	1.45	1.45	423,453	00:00:00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Mining	-	-	-	-	20

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Artemis Resources Limited

29 November 2022

Artemis Resources Limited

("Artemis" or the "Company")

Disposal of Non-Core Investment for AUD2.0m

Artemis Resources Limited (ASX/AIM: ARV, FRA: ATY, US: ARTTF) announces that it has sold 100% of its equity investment in AIM-listed Alien Metals Limited (AIM:UFO) for approximately GBP1.15m (AUD2.0m) of gross cash proceeds.

Cash raised from the proceeds will be used to fund exploration activities at the Paterson and Carlow Au-Cu Projects, and for general working capital purpose.

Cash in bank as of 28 November, including the above sale proceeds from recent investment disposals, is approximately AUD 2.3m.

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                       Email: artemis@camarco.co.uk 
                 Waterworth

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 Project in the West Pilbara and the Paterson Central exploration project in the East Pilbara.

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November 29, 2022 04:01 ET (09:01 GMT)

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