New Zealand Acquisition pending completion of due diligence, Finalisation and execution of formal transaction documentation and Progression of regulatory requirements

First Metallurgy Results Confirm High-Grade Magnetite Concentrate at Remorse

Tempest Minerals (ASX:TEM) has released its first metallurgical test results from the Remorse Magnetite Deposit at the Yalgoo Project, demonstrating the ore’s ability to yield high-quality iron concentrate with exceptionally low levels of impurities. The initial Davis Tube Recovery (DTR) test delivered an Fe concentrate of 69.6% Fe, validating the project’s potential as a future premium magnetite producer.

Key Highlights:

  • Davis Tube test returned 69.6% Fe concentrate

  • Low impurity profile: Silica 4.9%, Alumina 1.4%, Sulfur 0.05%, Phosphorus 0.01%

  • Sample taken from chip material at surface, indicating early-stage beneficiation potential

  • Results strengthen case for green steel alignment, with minimal processing contamination

  • Supports the development of a full metallurgical and geotechnical testing program

Table 1 on page 2 outlines the full assay breakdown for Sample S000443, confirming clean concentrate chemistry. According to the accompanying commentary, this result is in line with global premium magnetite feedstock standards and significantly derisks early processing assumptions for the Remorse system.

The low deleterious content makes this orebody particularly attractive for ESG-aligned green steel initiatives — an area where Tempest continues to build strategic alignment.

Watch the MD Don Smith video update for more insights into what this metallurgical milestone means for the Yalgoo Project:

Download the full ASX announcement (PDF)

 

Stay in the Loop