Tempest Minerals (ASX:TEM) has released an updated investor presentation showcasing the strong gold and iron potential within its flagship Yalgoo Project, Western Australia. New results confirm significant resource upside and strategic growth direction.
Key highlights:
At the Sanity Target, upgraded soil assays reached 300 ppb gold, with rock chip samples grading up to 7 g/t Au, defining a coherent gold anomaly.
The Remorse Target now shows confirmed iron mineralisation: a maiden inferred resource of 63.5 Mt at 30.6% Fe, plus a larger exploration potential of 110 Mt at ~32% Fe, with metallurgical testwork yielding concentrate grades up to 68.8% Fe.
A strategic Memorandum of Understanding with Green Steel & Iron Pty Ltd has been signed to explore infrastructure and processing synergies Kalkine Media.
Tempest also plans to fund future exploration via a non-renounceable entitlement offer of around AUD 1.47 million.
