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The latest update is out from Tempest Minerals Limited ( (AU:TEM) ).
Tempest Minerals Ltd has identified a significant geological iron target at its Yalgoo Project’s Halo Prospect, located near the Remorse magnetite deposit. Recent fieldwork and historical data suggest the presence of large-scale iron deposits with high-grade iron content, indicating potential for both magnetite and haematite mineralization. The discovery of the Halo Target, which shares similarities with the Remorse Deposit, could play a crucial role in future project development, enhancing Tempest’s position in the iron mining sector. The company plans further exploration activities, including mapping, geochemistry, and drilling, to advance the project’s development.
More about Tempest Minerals Limited
Tempest Minerals Ltd is a company involved in the exploration and development of mineral resources, with a focus on projects in Western Australia. The company is engaged in the exploration of various commodities, including base metals, gold, and iron, and is strategically positioned near high-profile mining operations.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.61M
Learn more about TEM stock on TipRanks’ Stock Analysis page.