Tempest Minerals (ASX:TEM) Discovers High-Grade Iron Potential at Yalgoo's Halo Prospect

1 min read | August 01, 2025 11:17 AM AEST | By Sonal Goyal

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Tempest Minerals (ASX:TEM) Discovers High-Grade Iron Potential at Yalgoo's Halo Prospect — Image source: Company update

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Highlights

Through recent fieldwork, Tempest Minerals has confirmed presence of significant iron target at its Yalgoo Project near the Remorse magnetite deposit.

Historic rock chip samples show iron grades up to 62% and suggest magnetite and haematite potential.

The Halo Target is geologically similar to the Remorse Deposit and could be central to future development.

Tempest Minerals Ltd (ASX:TEM) has announced that recent fieldwork, combined with historical exploration data, has confirmed the presence of a significant geological iron target within its Yalgoo Project, located near the existing Remorse magnetite deposit.

Historic rock chip sampling revealed outcrops with iron grades as high as 62%, suggesting the potential presence of both magnetite and haematite mineralisation in the area.

The Halo Target, part of the Yalgoo Project, shares notable geological similarities with the Remorse Deposit and is expected to play an important role in the company’s future development plans.

TEM Shares Rally

TEM shares were trading 16.67% higher at AUD 0.007 per share at the time of writing on 1 August 2025.

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