Tempest Minerals (ASX:TEM) has had a dynamic start to the second half of 2025, progressing multiple fronts of exploration across its Western Australian portfolio. With early-stage work now active at Mt Magnet and a promising new iron target identified at Yalgoo, the company continues to demonstrate a clear path from technical discovery to shareholder value.
Here’s a round-up of recent updates and what it means for Tempest’s forward momentum:
Mt Magnet: From Targeting to Drilling
Tempest has kicked off its first major field campaign at the Range Project in Mt Magnet, marking a return to gold exploration in a historically prolific belt. With over 20 km² of 100%-owned tenure, the project sits just 5 km from a processing facility and alongside existing producers.
Key developments:
Surface mapping and magnetics have outlined multiple walk-up drill targets.
Drill pads and logistics are now complete, and drilling is expected to begin late-August 2025.
First phase will focus on the Wrangler and Defender targets, both situated near historic gold workings.
The team is also evaluating additional prospects: Cruiser, Evoke, and Rubicon.
Proven district. Near-mine opportunity. Drilling to commence.
Read the full announcement here
Halo Prospect: Iron Upside Beyond Remorse
At the Yalgoo Project, Tempest has identified a significant new iron target at the Halo Prospect, just 5 km west of the existing Remorse resource. Early fieldwork indicates:
A much larger footprint than Remorse, based on magnetics and outcrop analysis.
Historic rock chips grading up to 62.1% Fe.
A 5 km outcropping iron formation with high prospectivity.
Drilling planned for Q4 2025, targeting multiple magnetic horizons.
Halo strengthens the company’s vision of a scalable iron corridor in Yalgoo, complementing its maiden JORC-compliant magnetite resource at Remorse.
June Quarter Snapshot: Funding, Focus, and Forward Movement
In the Quarterly Activities Report released July 31, 2025, Tempest reaffirmed its exploration momentum with:
$1.87M in total funding secured across a placement and fully-subscribed entitlement offer.
Preparation for maiden drilling at Wrangler and Defender.
Focused expenditure on drill preparation, logistics, field teams, and permitting.
Tempest enters the second half of 2025 in a solid financial position, with recent exploration outflows aligned to advancing fieldwork and drilling preparations across its WA projects. Read the full report here.
What’s Next?
RC drilling starts imminently at Mt Magnet
Geochem and mapping continue across Halo and Sanity
Halo drill planning for Q4
Continued capital management and technical evaluation
Tempest is methodically building a pipeline of discovery-stage projects, blending gold and iron exploration in infrastructure-rich, tier-1 Western Australian settings.
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