• High-leverage copper JV: Artemis can earn 60% of Red Metal's Sharon Dam IOCG target by spending not less than $5,000,000 within 3 years
• Belt-scale potential: Sharon Dam is a large previously undrilled IOCG target defined by a strong coincident magnetic-gravity anomaly
• Favourable discovery conditions: Shallow cover (estimated 250m) provides a cost-effective exploration environment

Artemis Resources Limited (ASX/AIM: ARV) has entered into an earn-in and joint venture agreement with Red Metal Limited (ASX: RDM) over the highly prospective Sharon Dam T1 intrusion, located approximately 50km south of the Company's Cassowary Intrusion in Western Australia's Madura Province. The JV expands Artemis' holdings and provides a second outstanding target for early drilling within what is interpreted to be a unique, multi-intrusion belt along the Madura Crustal Boundary (MCB) - a major structural corridor and one of the last underexplored frontiers for IOCG copper and other intrusion related deposits in Australia. The Sharon Dam target is characterized by strong coincident magnetic and gravity anomalies, which may be consistent with an IOCG system. Modelling of gravity data implies a density of ~3.5, suggesting an iron-rich source. The target is bounded by NW trending cross-cutting faults, similar to the Cassowary Intrusion. Artemis can earn a 60% interest in the project by spending not less than $5,000,000 within 3 years, inclusive of an initial $400,000 commitment for drilling, supported by a ~$220,000 government EIS co-funding grant.

Artemis plans to commence drilling at the Sharon Dam target in March-April 2026, subject to heritage clearance. The initial drilling program will use a combination of RC and diamond drilling to test the source of the coincident gravity and magnetic anomalies.