Artemis again boosts cash

ARTEMIS Resources has taken its cash position to around A$20 million with a $6.5 million raising undertaken this week so as to “fast track mining and exploration activities”.

Artemis again boosts cash Artemis again boosts cash Artemis again boosts cash Artemis again boosts cash Artemis again boosts cash

The new shares have been priced at 20c, the same price as those in the $12 million raising back in September.

In December Artemis raised $6 million working capital and development funding by way of an 18-month loan agreement and convertible note.

Artemis has flagged a six-month period of recommissioning and upgrades at its Radio Hill treatment plant, with a gold circuit being added to the existing base metal mill.

 

“This additional funding will provide Artemis with the necessary working capital to commence early mining operations at a number of our proximal deposits in the Karratha area in order to have sufficient stockpiles pre-mined at the plant site available for...