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Tempest Minerals Limited ( (AU:TEM) ) has provided an update.
Capricorn Metals has entered into a binding agreement to acquire Tempest Minerals’ Yalgoo Project tenement package in Western Australia for $4.5 million in cash and shares, expanding its landholding contiguous to the Mt Gibson Gold Project and its recently acquired Golden Range and Fields Find projects. The Yalgoo package, covering about 1,000 square kilometres in the Yalgoo-Singleton Greenstone Belt, is regarded as highly prospective for gold and volcanogenic massive sulphide mineralisation, and Capricorn has already identified several drill-ready targets, with exploration work to ramp up from 2026 as it seeks to add new ore sources and strengthen the resource base feeding Mt Gibson.
More about Tempest Minerals Limited
Capricorn Metals Ltd is an Australian gold mining and exploration company focused on developing and expanding its Mt Gibson Gold Project and surrounding tenements in the South Murchison region of Western Australia. The company targets highly prospective greenstone belt terrains, aiming to build a pipeline of gold resources to support long-term production and regional growth.
YTD Price Performance: -9.09%
Average Trading Volume: 1,504,713
Technical Sentiment Signal: Sell
Current Market Cap: A$7.71M
Find detailed analytics on TEM stock on TipRanks’ Stock Analysis page.