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Artemis Resources new Dubai chairman buys shares on-market

The company’s chairman is a member of Dubai’s ruling family.

Radio Hill processing facility
ARV owns 100% of the Radio Hill processing facility (above)

Artemis Resources Ltd’s (ASX:ARV) recently appointed chairman, His Highness Sheikh Maktoum Hasher M Juma Al Maktoum has purchased 150,000 shares in the company.

The $10,950 parcel was purchased via on-market trades and increases his position in the company to 10.15 million shares.

READ: Artemis Resources granted Armada tenement; drilling program planned

Artemis is developing multiple prospects in its large tenement position surroundings it's 100% owned Radio Hill processing facility in Western Australia.

It aims to drill out deposits that can be mined and trucked to the processing facility.

Earlier this month, Artemis CEO Wayne Bramwell spoke to Proactive about the results of metallurgical test work on gold, copper and cobalt for the Carlow Castle Project in Western Australia.

Quick facts: Artemis Resources Ltd

Price: 0.029 AUD

ASX:ARV
Market: ASX
Market Cap: $27.08 m
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Full interview: Artemis Resources increases gold resource by 60% at Carlow...

Artemis Resources Limited (ASX:ARV) executive director Edward Mead updates Proactive on an upgraded mineral resource estimate (MRE) at the company’s 100%-owned Carlow Castle Project in WA with grade and tonnage boosted. The gold resource alone increased by 60% with copper up 25% and cobalt by...

17 hours, 51 minutes ago

2 min read