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Tempest Minerals Limited ( (AU:TEM) ) has shared an update.
Tempest Minerals Limited has made significant progress in its Remorse Deposit, announcing an inaugural mineral resource estimate and positive metallurgical results. The company also completed a private placement and an entitlement issue, raising a total of $1.869 million. These developments support Tempest’s strategic focus on expanding its resource base and enhancing its financial position, potentially strengthening its market presence and offering promising implications for stakeholders.
More about Tempest Minerals Limited
Tempest Minerals Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is primarily involved in projects located in the Yalgoo region of Western Australia, where it explores for base metals, gold, and iron. Tempest employs data-driven processes to identify unexplored areas with high potential for mineralization.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.71M
Learn more about TEM stock on TipRanks’ Stock Analysis page.