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Tempest (ASX:TEM) extends Yalgoo regional exploration landholding, shares jump

February 15, 2023 01:41 AM GMT | By Manisha
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 Tempest (ASX:TEM) extends Yalgoo regional exploration landholding, shares jump
Image source: Company website

Highlights

  • Tempest Minerals announces expansion of its mineral exploration landholding in the Yalgoo region by 195km2 to in excess of 1,000km2.
  • The extension in landholdings is a result of application and acquisition of five highly prospective licences adjoining existing projects.
  • TEM believes that there lies great opportunity in the region for major discoveries as it has not been explored and returned strong exploration results in 2022.

Tempest Minerals Limited (ASX: TEM) has announced expansion of its mineral exploration landholding in the Yalgoo region by 195km2 to in excess of 1,000km2  after successful application and acquisition of five highly prospective licences adjoining its projects.

According to the company, the region has not been explored but delivered strong exploration results in 2022. So, there lies a great opportunity for major discoveries in the region.

The increased landholding of the company includes extension along three Yalgoo exploration fronts – Meleya, Messenger, Euro.

New leases (Image source: Company update)

Shares jump over 8%

Triggered by the update, TEM shares gained over 8% to trade at AU$0.026 midday on 15 February 2023.

More to come…


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