Artemis Resources Limited (ASX:ARV) Exercise Of Listed Options And News Update
Enclosed please find a letter outlining the process of exercising your options to acquire Artemis Resources Limited shares at A$0.05 per share by 30 June 2011 and an application form for this purpose. These options will expire on this date.
We have also enclosed a newsletter to shareholders which outlines the status of the Company's major gold projects at Mt Clement and Yandal and our plans for the remainder of 2011.
Our long term objective is to build a gold inventory to 1 million ounces. We are encouraged by the results of the drilling programmes at Mt Clement in 2010 and at Yandal in 2011. The resource at Mount Clement and a number of prospects at Yandal are open at depth and along strike, and we believe additional drilling campaigns in 2011 will move the company further towards its goal.
The Company is also actively reviewing strategic acquisition targets which should accelerate achievement of the objective and add to shareholder wealth.
Artemis has been reviewing and will continue to review non-core assets with a view to divestment, provided this is in accordance with the Company's strategy and enhances the value of the business.
I encourage you to exercise your options in accordance with the procedures attached and I look forward to your ongoing support as a shareholder in Artemis Resources Limited.
For the complete Artemis Resources Limited announcement including the newsletter, please view the following link:
About Artemis Resources Ltd
Artemis Resources Limited (ASX:ARV) (FRA:ATY) is a resources exploration and development company with a focus on its prospective West Pilbara (gold, base metals, platinum and platinum group elements) and Mt Clement-Paulsens (gold) project in Western Australia. On 16 December 2016, Artemis announced the signing of a binding conditional agreement with Fox Resources Limited for a 3 month exclusive option to buy their fully permitted AGIP 425,000tpa Radio Hill nickel and copper operations, processing plant and associated mining and exploration tenements with significant existing JORC 2004 and 2012 compliant resources of Nickel, Copper and Zinc situated within a 15 km radius of the Radio Hill plant, for a total consideration of $3.5 million. The Radio Hill Plant is located 35 km south of Karratha in the Pilbara Region of Western Australia.
Artemis Resources Ltd