Tempest Minerals (ASX:TEM) Expands Potential at Yalgoo with Promising Drill Results in Latest Quarter

Highlights

• Tempest Minerals reported significant, high-grade base metals and high-grade magnetite intercepts at the Remorse Target within the Yalgoo project.
• Initial drilling identified highly anomalous copper zones and substantial magnetite zones with iron grades reaching up to 39% Fe.
• TEM plans to conduct metallurgical test work, further drilling, and economic & infrastructure studies starting Q1 2025.

Tempest Minerals Limited (ASX:TEM) achieved notable exploration milestones during the December 2024 quarter, particularly at its Yalgoo project in Western Australia. The company made significant advancements at the Remorse Target, where it intercepted significant base metals and iron ore mineralisation.

TEM also advanced exploration at other key targets, including Sanity and Wrangler.

Exploration Drilling at Remorse Target Yields Promising Results

Yalgoo Project. Image source: Company update

During the quarter, TEM completed its first round of exploration drilling at the Remorse Target to investigate the base metal geochemical zone.

The initial phase of drilling identified several highly anomalous copper zones. Additionally, early drill holes encountered substantial magnetite zones, with results indicating high-grade iron content, reaching up to 39% Fe.

Significant results include-

• WARDH00160: 32m @ 30.0% Fe from 96m (including 7m @ 37% Fe)
• WARDH00180: 17m @ 34.4% Fe from 134m
• WARDH00166: 7m @ 32.8% Fe from 96m
• WARDH00171: 8m @ 30.5% Fe from 130m

Several drill hole assays are still pending, and preliminary portable X-ray fluorescence (pXRF) data suggests the potential presence of similar thicknesses and grades.

The quarter also saw the company generate an exploration target for the Remorse Iron Deposit.

Exploration target summary.
Image source: Company update

The company plans to validate the exploration target by conducting metallurgical test work, as well as planning further drilling, economic and infrastructure studies. These activities are planned to begin in the first quarter of 2025 and continue throughout the year.

Exploration Planning Across Key Targets

During the quarter, the company completed plans for future exploration at the Sanity Target.

Meanwhile, at the Wrangler Target of the Range project, previously, field mapping confirmed the presence of blue quartz and tourmaline breccia, with rock chip samples returning up to 1 g/t gold. Wrangler has the potential to extend the existing mineralisation, and exploration planning for early 2025 was completed during the quarter.

At the Five Wheels Project, covering 266km², TEM submitted fieldwork samples from the previous quarter for laboratory analysis. Geological observations were also reviewed which further refinedthe exploration strategy for this project.

With promising findings at its Yalgoo and ongoing exploration activities at other sites, Tempest plans for metallurgical testing, further drilling, and economic studies in Q1 2025.

The share price of TEM was AUD 0.004 on 05 February 2025.