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Tempest Minerals Limited (ASX:TEM)

ALERT: Price-sensitive ASX Announcement for TEM
Current share price for TEM : $0.006 -0.005 (-45%)+
Announcement
Release
30 Oct 2025 4:20PM
Price at Release
$0.010
Full Release
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Summary
Tempest Minerals Limited's quarterly report for the period ending 30 September 2025 highlights several key developments. The company has been focusing on its Yalgoo Project, particularly the Remorse Deposit and the Halo Target. Significant progress was made in identifying and mapping potential iron mineralisation, with the Remorse Deposit showing a strong base metal signature and a large-scale magnetite iron deposit. Additionally, Tempest has signed an MOU with Green Steel and Iron Pty Ltd to develop an iron processing hub. The financials reveal a net cash decrease due to operating, investing, and financing activities, with administration and corporate costs being a notable expense.
Key Points
  • Significant base metal signature at Remorse Deposit.
  • MOU with Green Steel and Iron Pty Ltd.
  • Exploration at Halo Target indicates potential further iron mineralisation.
  • Net cash decrease due to various expenses.
  • Yalgoo Project continues to be a focal point for exploration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.