Tempest Minerals (ASX:TEM) Accelerates Exploration Efforts at Yalgoo and Five Wheels

Highlights

• The current drilling program at the Yalgoo project involves about 5,000m of RC drilling, targeting the central region of the Remorse target.
• Tempest has launched a detailed fieldwork program at the Five Wheels project.
• The company plans a geophysical survey at the Five Wheels project in 2025, pending equipment availability.

 Tempest Minerals Ltd (ASX:TEM), an Australia-based mineral exploration firm, is making significant progress across its portfolio, particularly with its Yalgoo and Five Wheels Projects in Western Australia. At the Yalgoo Project, drilling has commenced at the promising Remorse Copper Target, which has shown encouraging geophysical and geochemical results. Meanwhile, at the Five Wheels Project, fieldwork is underway to further explore its geological potential.

Here’s the latest on these exciting developments.

Drilling advances at Yalgoo Project - Remorse Copper Target

The Yalgoo project is Tempest’s flagship asset, spanning over 1,000 km² and rich in base and precious metals. It is strategically located near notable neighbours such as Silverlake (ASX:SLK), Capricorn Metals Ltd (ASX:CMM), 29 Metals Ltd (ASX:29M), Spartan Resources Ltd (ASX:SPR), and Fenix (ASX:FEX).

Tempest has initiated drilling at the promising Remorse Copper target within the Yalgoo Project that has drawn interest because of encouraging geophysical and geochemical survey results. This next phase of exploration aims to further uncover its potential.

Tempest has invested several years in groundwork, including detailed geological mapping and multi-data analysis.

The current drilling program involves about 5,000 metres of reverse circulation (RC) drilling, targeting the central area of the Remorse target.  

Fieldwork Commences at Five Wheels Project

 In July 2023, Tempest announced the acquisition of the Five Wheels Project for AU$ 64,000 in fully paid ordinary shares and an additional AU$ 36,000 in cash.

Tempest has launched a detailed fieldwork program at the Five Wheels Project. This site is located about 150 km north of Wiluna and shares geological features with the nearby Rumble Resources Earaheedy Zinc discovery, positioning it in a highly promising area.

Data and image source: Company update

The next few months will be crucial for Tempest as it awaits exploration results. Ongoing drilling at Yalgoo’s Remorse Copper target and fieldwork at Five Wheels indicate a busy period ahead. Shareholders can expect updates as the company builds on its exploration advances with additional exploration programs set to begin and results anticipated soon. 

TEM shares traded at AU$ 0.011 on 3 October 2024, up nearly 10% from the last close.