Tempest Minerals (ASX:TEM) is continuing metallurgical study works and has further drilling planned at the company’s 100% owned Remorse magnetite iron discovery in Western Australia with final results due in Q2 2025.
Speaking to Mining.com.au, Managing Director Don Smith says the ongoing metallurgical work and recent memorandum of understanding with privately held Green Steel and Iron to potentially help develop Remorse is driving the company’s confidence of potentially fast-tracking development.
“The metallurgical testing we’re doing, I think it should also give the market even more confidence that we’re not just spruiking a couple iron hits,” Smith tells this news service.
“We’re so far advanced with plenty more value accretive works to come including production and metallurgical studies and further drilling. It’s just another step in our ability to move rapidly on projects towards development.”
Smith says the completion of the preliminary metallurgical testing will provide the framework for continuing further economic studies and while seeking to expedite development of the Remorse deposit to production.
Tempest has now submitted more than 5 tonnes of samples collected from its recent drill program for metallurgical testing. The laboratory will provide a range of analyses regarding processing variables such as grindability and recoveries.
Results are expected in March 2025 and will be fed into future studies and planning.
In addition to the metallurgical testing, Tempest has six further drilling and activities planned in the H1 2025 to better understand and accelerate the development of the Remorse deposit, which could position Tempest as a future supplier for the iron and steel industry.
Meanwhile, the collaboration with Green Steel and Iron will now progress, which Smith says is a coup for the junior explorer as there is potential to secure a local offtaker for its iron ore, while having access to critical infrastructure.
Read more in this Mining.com.au article.
