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Tempest Minerals (ASX: TEM) all set to kick off drilling at Remorse Target

July 04, 2024 11:41 AM AEST | By Sonal Goyal
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Tempest Minerals (ASX: TEM) all set to kick off drilling at Remorse Target
Image source: Company update

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Highlights

  • All the necessary regulatory approvals secured to initiate drilling at the Remorse Target.
  • The Remorse target is located on the eastern side of the company’s flagship Yalgoo Project.
  • Earthworks and drilling are expected to commence in mid-July.

Tempest Minerals Ltd (ASX: TEM) has announced significant progress in its upcoming 5,000M RC drilling campaign at the Remorse Target, triggering over 7% jump in its share price during early morning trading on 4 July 2024.

The company has received all the regulatory approvals required to start drilling at the Remorse target. Additionally, the company has completed all preparatory work, and the field team is ready to prepared to commence drilling activities the target.

The company expects to start earthworks and drilling in mid July 2024 or as soon as possible, contingent on safe weather and drilling conditions.

About Remorse Target

Situated on the eastern side of the company's flagship Yalgoo Project, the Remorse target, has been identified for its large-scale copper-zinc geochemical and geophysical anomalies. Tempest intends to drill test these anomalies. Additionally, an extensional geochemical survey was recently completed at the target.

TEM shares jumped

TEM shares were trading at AU$0.007 apiece, up 7.14%, at the time of writing on 4 July 2024.

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