Tempest Sets Stage for Project Evolution with Maiden Iron Resource at Remorse

May 01, 2025 11:02 AM AEST | By Team Kalkine Media

Google News:

Tempest Sets Stage for Project Evolution with Maiden Iron Resource at Remorse — Image source: shutterstock

Recent News

World Digital Introduces Innovative E‑Commerce Strategies Amid Global...

Alex Miller Keeps Classic Country Flame Burning With Alan Jackson Song...

Trump earns over $600 million from crypto, holds assets worth at least...

Oil in biggest gain since 2022 as Israel hits Iran, but Citi warns gai...

Highlights

Tempest reveals maiden magnetite iron resource at Yalgoo Project

Initial resource totals 63.5Mt at 30.6% iron, classified as inferred

Development studies and processing plans already underway

Tempest Minerals (ASX:TEM) has taken a major step forward in its exploration journey by announcing a maiden mineral resource estimate for the Remorse magnetite iron deposit. This promising deposit is part of the company's extensive Yalgoo Project in Western Australia, marking a significant milestone in the company's transition from explorer to potential developer.

The initial JORC 2012-compliant resource for Remorse stands at 63.5 million tonnes grading 30.6% iron. While classified as an inferred resource due to the limited number of drillholes, the estimate is based on conservative cut-off grades. With further drilling and geological assessment planned, there is scope for substantial upside in both tonnage and grade.

What makes this development more compelling is the strategic approach Tempest (ASX:TEM) is taking toward project advancement. Metallurgical testing is already in advanced stages, and the company has pinpointed viable processing routes. Additionally, a memorandum of understanding has been signed with an industrial partner to support downstream ambitions. These initiatives not only highlight project viability but also provide a launchpad for more comprehensive development studies and potential mining operations.

The Remorse deposit itself is considered substantial in size and was only discovered in 2024 while testing for a base metals target. Its emergence as a magnetite-rich resource underscores the mineral diversity of the Yalgoo region. The broader Yalgoo Project spans more than 1,000 square kilometres and sits in proximity to other mineral-rich tenures, including those operated by 29Metals (ASX:29M), Tungsten Mining (ASX:TGN), and Spartan Resources (ASX:SPR).

This geological neighbourhood is widely viewed as prospective for copper, gold, base metals, precious metals, and iron ore — making it an attractive region for ongoing exploration and development. For investors with a focus on long-term potential in resource-driven growth, projects like Remorse could offer a foundation for future inclusion in thematic areas like ASX dividend stocks.

While Tempest (TEM) is not currently part of the ASX200, such early-stage successes contribute to a broader narrative around the junior mining sector's role in shaping the future resource pipeline. With the company steadily progressing from resource definition toward development, stakeholders will likely keep a close eye on how Remorse evolves from potential into production.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.