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Tempest Minerals Limited ( (AU:TEM) ) has issued an update.
Tempest Minerals Ltd has reported promising initial metallurgical results from its Remorse Iron discovery within the Yalgoo Project in Western Australia. The Davis Tube Recovery testing revealed high iron concentration levels up to 68.8% with low impurities, indicating the potential for high-quality iron concentrate production. These results are expected to enhance the company’s operations and strengthen its position in the mining industry. Further results from additional samples are anticipated in the coming weeks, which could provide further insights into the project’s viability and potential benefits for stakeholders.
More about Tempest Minerals Limited
Tempest Minerals Ltd (TEM) is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in projects involving base metals, gold, and iron, with its flagship Yalgoo Project located in Western Australia. This project is situated near other high-profile mining operations and includes the Remorse Deposit, a significant magnetite iron discovery.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.67M
For detailed information about TEM stock, go to TipRanks’ Stock Analysis page.