Exploration in the world of mining is a delicate dance between chance, estimation, tenacity, and a dash of luck. Don Smith, Managing Director of Tempest Minerals (ASX:TEM), rightly describes it as a numbers game where success is often elusive. “One in a million projects becomes a mine,” says Smith, emphasising the daunting odds that explorers face in this industry.
For Tempest Minerals, the key is not to put all our eggs in one basket. Understanding the challenging odds, we diversify their exploration efforts across multiple targets. As Don Smith aptly puts it, “You can’t just have one egg in the basket. You’ve got to have multiple. If you have lots of targets and you test them all, eventually you’ll find something.” This philosophy drives our approach, increasing the chances of discovering valuable mineral deposits.
We hold a diverse portfolio of precious, base, and energy metal assets, spanning across Western Australia and internationally. Our recent acquisitions, the Five Wheels Base Metal Project and the Elephant Project, highlights our strategic approach to exploration, targeting promising regions with significant mineralisation potential.
The Earaheedy Basin in Western Australia has been a focal point, particularly due to its proximity to other significant discoveries. The Fraser Range, home to the Elephant Project, has seen notable gold deposits, and Tempest’s strategic entry into these regions showcases our calculated and strategic approach.
Efficiency and effective management play a crucial role in our success. We carefully evaluate and rank our assets, making data-driven decisions to optimise our exploration efforts. Our meticulous and scientific approach has been instrumental in unearthing mineralisation.
Our story is one of perseverance, strategic thinking, and a dedication to the art and science of exploration. Join our investor hub to keep up to date on our journey, as we continue to refine our methods and strive to tilt the odds in our favour, one drill hole at a time.