The latest announcement is out from Tempest Minerals Limited ( (AU:TEM) ).
Tempest Minerals Limited has announced a significant discovery at its Remorse Iron project, with an initial exploration target of up to 110 million tonnes at 30-32% iron. The company has commenced project development studies and signed a memorandum of understanding with WA Developer Green Steel and Iron Developer. Additionally, Tempest is preparing for further gold exploration across its portfolio and has announced a capital raising initiative to generate up to $1.869 million. These developments are expected to enhance Tempest’s operational capabilities and strengthen its position in the mining industry.
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 the exploration of iron, gold, and other base metals, with significant projects located in the Yalgoo region of Western Australia.
Technical Sentiment Signal: Buy
Current Market Cap: €1.43M
For detailed information about TEM stock, go to TipRanks’ Stock Analysis page.