Artemis Resources Limited announced that first program of ground reconnaissance was completed in February and covered part of the area to the east of the Osborne JV (ARV:49%, GRE: 51%). This level of Li2O result is unparalleled in the region and is on par with the results achieved at the Andover project of Azure Minerals Ltd. where they recorded a peak rock chip assay result of 4.87% Li2O3 and have reported an exploration target of 100-240mt @ 1.00-1.5% Li2O4 (Azure Minerals is currently subject to a takeover proposal via a joint bid from Sociedad Quimica y Minera de Chile SA (SQM) and Hancock Prospecting Pty Ltd). The latest assay results, reporting up to 4.67% Li2O, are very compelling and support these observations.

The newly discovered pegmatite trend at Osborne East has returned some very promising assay results of up to 0.65 % Li2O. These pegmatites broadly occur to the east of the high-grade Osborne lithium pegmatite zone 5 which is located on the Company's JV ground. The aim of the technical team will be to cover all priority areas identified through previous review and to build on the results to date.

Program of works (PoW's) and heritage clearance applications are also in process. Further work is also being planned on the Osborne Lithium Project which is a joint venture with Greentech Metals (ARV:49%-GRE:51%). This announcement was approved for release by the Board.