AUS
NZ
UK
CA
USA
IND
Highlights
- Tempest extended the Yalgoo Project sale completion date to 14 February by mutual agreement.
- The AUD 4.5 million consideration structure and commercial terms remain unchanged.
- Consideration includes AUD 500,000 cash and AUD 4.0 million in Capricorn shares.
- Contingent payments of up to AUD 1.5 million are linked to future gold resource and development milestones.
- Tempest retains iron-prospective eastern tenements while granting Capricorn mineral rights excluding iron.
Tempest Minerals Limited (ASX:TEM) has confirmed a short extension to the completion date of its binding agreement with ASX-listed mining company Capricorn Metals Ltd for the sale of the Yalgoo Project in Western Australia. The revised completion date has been set for 14 February 2026, allowing additional time to finalise necessary administrative and regulatory documentation.
Completion Date Extended by Mutual Agreement
Tempest and Capricorn have mutually agreed to extend the completion timeline to accommodate administrative and regulatory processes associated with the transfer of the project.
Both parties remain committed to finalising the transaction, with no changes to the commercial terms previously announced and the agreement structure.
TEM shares were trading at AUD 0.007 per share at the time of writing on 2 February 2026.
