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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
21 May 2026 10:51AM
Price at Release
$0.006
Full Release
Summary
Tempest Minerals Limited (TEM) has announced the termination of its agreement to acquire Zealandia Resources Pty Ltd following the completion of due diligence. Despite this termination, Tempest continues to focus on its existing projects in Western Australia, including the Range Project in Mt Magnet and the Remorse Iron Deposit in Yalgoo. These projects are part of Tempest's strategy to explore and develop mineral assets for gold, base metals, and iron ore. The company remains committed to assessing other mining and exploration opportunities to maximize shareholder value.
Key Points
- Termination of Zealandia Resources acquisition after due diligence.
- Focus remains on Western Australian projects.
- The Range Project and Remorse Iron Deposit are key assets.
- Company strategy involves exploring new opportunities.
- Commitment to maximizing shareholder value through 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.
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