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Tempest Minerals Limited (ASX:TEM)

ALERT: Price-sensitive ASX Announcement for TEM
Current share price for TEM : $0.004 -0.003 (-42.86%)+
Announcement
Release
23 Dec 2025 8:31AM
Price at Release
$0.007
Full Release
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Summary
Capricorn Metals Ltd has entered into a binding agreement with Tempest Minerals Limited to acquire the Yalgoo Project tenement package. The Yalgoo Project, which spans approximately 1,000 square kilometers, is located contiguous to Capricorn’s Golden Range and Fields Find tenure in the South Murchison region of Western Australia. This acquisition, valued at $4.5 million, includes a combination of cash payments and shares in Capricorn. The agreement allows Capricorn exploration and development rights for all minerals except iron ore on the Iron Tenements, which Tempest will retain. The acquisition is conditional upon due diligence and several approvals, with completion expected in January 2026. Capricorn aims to expand its Mt Gibson exploration footprint and explore highly prospective gold targets in the area.
Key Points
  • Capricorn Metals Ltd acquires Yalgoo Project from Tempest Minerals Limited.
  • Yalgoo Project spans approximately 1,000 square kilometers in Western Australia.
  • Total acquisition cost is $4.5 million, with a mix of cash and Capricorn shares.
  • Capricorn gains exploration and development rights, excluding iron ore.
  • Acquisition contingent on due diligence and approvals, completion expected January 2026.
  • Focus on exploring gold mineralization and expanding Mt Gibson exploration footprint.
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.