Tempest Minerals Reports Promising Drilling Results at Remorse Project

Tempest Minerals Limited ( (AU:TEM) ) just unveiled an announcement.

Tempest Minerals Limited’s quarterly report highlights successful maiden drilling at its Remorse project, revealing anomalous base metals and high-grade magnetite. The company has established an initial exploration target of up to 110 million tonnes with 30-32% iron content at this emerging deposit, which benefits from proximity to existing infrastructure and operations. This development may enhance Tempest’s positioning within the mining industry and provide substantial opportunities for stakeholders.

More about Tempest Minerals Limited

Tempest Minerals Limited is a company operating in the mining industry with a focus on base metals, gold, and iron. Its flagship project is located in the Yalgoo region of Western Australia, where it explores over 1,000 km2 near high-profile neighbors. The company employs data-driven processes to identify and explore prospective geological areas.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €1.9M

For a thorough assessment of TEM stock, go to TipRanks’ Stock Analysis page.