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Tempest Minerals Limited (ASX:TEM)

ALERT: Price-sensitive ASX Announcement for TEM
Current share price for TEM : $0.004 -0.002 (-33.33%)+
Announcement
Release
30 Apr 2026 12:54PM
Price at Release
$0.006
Full Release
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Summary
Tempest Minerals Limited (ASX: TEM) reported its quarterly activities and Appendix 5B cash flow report for the period ending 31 March 2026. During this quarter, Tempest entered into a binding agreement to acquire a 145 km² gold portfolio across four projects in New Zealand, which includes multiple drill-ready targets within the Taupo Volcanic Zone and Hauraki Goldfields. The company completed the sale of the Yalgoo Project to Capricorn Metals Limited for $4.5 million. Cash inflows from investing activities were primarily due to this sale, while operating activities reported a net cash outflow. The report also highlighted plans for continued exploration activities, particularly focusing on the Range Project and due diligence for the New Zealand projects. Additionally, Tempest has ongoing interests in the USA through a milestone-based payment entitlement from the Tonopah Lithium Project. The cash and cash equivalents at the end of the quarter stood at AUD 995,000, providing approximately two quarters of funding.
Key Points
  • Proposed acquisition of gold projects in New Zealand.
  • Completion of Yalgoo Project sale to Capricorn Metals Limited for $4.5 million.
  • Cash inflows from investing activities reported.
  • Continued exploration activities planned for the Range Project.
  • Cash and cash equivalents at the end of the quarter totaled AUD 995,000.
  • Tempest maintains an interest in the Tonopah Lithium Project in the USA.
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.