AUS
NZ
UK
CA
USA
IND
Highlights
- Tempest Minerals reports iron concentrate of up to 68.8% from its Yalgoo Project
- Composite samples and further drilling results expected to support resource assessment
- Remorse deposit sits within a 1,000km² exploration area in Western Australia
Tempest Minerals (ASX:TEM) has delivered encouraging metallurgical test outcomes from its Remorse iron ore discovery, part of the company’s expansive Yalgoo Project in Western Australia. These results mark a significant step in assessing the potential of the magnetite-rich deposit and support future development planning in one of Australia’s key mining jurisdictions.
The latest Davis Tube Recovery (DTR) tests returned iron concentrate grades as high as 68.8% at 25μm particle size, indicating a high-quality product with minimal impurities. This level of concentration is considered favourable for downstream processing, enhancing its potential market value.
The company is now preparing to integrate this metallurgical data into a broader resource assessment, with composite samples expected to arrive in the coming weeks. This next step will provide additional insights into the deposit's consistency and economic viability.
Initial drilling assays from composite 1 revealed an average grade of 32.29% iron, with further metallurgical analysis pending. These results will be pivotal in refining the resource model and shaping future development strategies.
Currently, the Remorse deposit boasts an indicated resource of 63.5 million tonnes at 30.6% iron. Strategically located on the eastern flank of the Yalgoo Project, the deposit is part of a 1,000km² tenement package that reinforces Tempest’s footprint in Western Australia's resource-rich Mid West region.
Tempest Minerals, with a market capitalisation of approximately $3.67 million, continues to advance exploration efforts across multiple project areas. As investor focus sharpens on emerging resource opportunities, such developments are closely followed alongside more established S&P/ASX200 mining names.
While the broader Australian share market often shines a spotlight on ASX dividend stocks for income potential, growth-stage resource companies like Tempest offer a different value proposition—through exploration success and project advancement.
With additional assays and development work on the horizon, stakeholders are watching closely as Tempest builds momentum in one of Australia’s most prospective iron ore regions.
