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  • Artemis Resources (ARV) has appointed Non-Executive Director Boyd Timler as Executive Director, effective immediately
  • Timler brings over 38 years’ experience in the resources industry during which time he’s held leadership positions at Panoramic Resources, Medusa Mining and Barrick Gold
  • As Boyd transitions to the executive role, Edward Mead will take on the role of Non-Executive Director, after being Executive Director for six years
  • In addition to the restructure, Artemis has announced the agreement to sell a portion of its interest in the Munni Munni Platinum Group Metal Project has now lapsed
  • The deal was signed in April and involved Artemis selling 51 per cent of its 70 per cent interest in the Munni Munni Project to Empire Metals and its partner, Almeera Venture
  • The company identified opportunities to dispose of other non-core tenements, but more details on this will be given in due time
  • Artemis is trading flat at 12 cents

Artemis Resources (ARV) has appointed Boyd Timler as Executive Director, effective immediately.

Timler brings over 38 years’ experience in the resources industry with his most recent role being the Chief Operating Officer (COO) of Panoramic Resources (PAN).

During his time in the industry, he’s held senior executive and operator level roles in both open pit and underground gold and base metals mines. Before Panoramic, Boyd was the CEO and Managing Director of Medusa Mining (MML) and COO for Beadell Resources.

Additionally, Timler held senior roles with gold mining giant, Barrick Gold Corporation, for almost a decade.

Boyd has been on Artemis’ board since October 1, 2020, when he was appointed as a Non-Executive Director.

“The appointment of Boyd Timler as Executive Director reflects the substantial progress being made at the Carlow Castle and Patersons projects in recent months and the ambitious 2021 exploration and development programs that are currently underway,” Chairman Mark Potter said.

“Boyd has already added considerable value to our Carlow Castle project as a Non-Executive Director and we look forward to working with him as an Executive,” Mark added.

As Timler enters the executive director role, current board member, Edward Mead, will take on the role of Non-Executive Director effective February 8, 2021. Mead has been an Executive Director at Artemis Resources since December 31, 2014.

“We thank Edward Mead for his substantial contributions to Artemis over the last 6 years as an Executive Director and we look forward to his continued counsel as a
Non-Executive Director given his extensive experience of exploration in the Pilbara region of Australia,” he said.

In addition to this restructure, Artemis has announced the agreement to sell a portion of its interest in the Munni Munni Platinum Group Metal (PGM) Project has now lapsed.

The sale agreement was announced in April last year and involved Artemis selling 51 per cent of its 70 per cent interest in the WA-based project to Empire Metals and its partner Almeera Venture.

Artemis initially agreed to sell majority of its interest due to the Munni Munni Project not being a core asset at the time. While details on the lapse of the agreement haven’t been given, Artemis described the PGM market as being “buoyant”.

However, the company has identified opportunities to dispose of other non-core tenements but more details on this will be given in due time.

Artemis is trading flat at 12 cents at 2:48 pm AEDT.

ARV by the numbers
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