Tempest Minerals (ASX:TEM) has its sights set on additional exploration across its Yalgoo Gold, Base Metals, and Critical Minerals Projects in Western Australia to lay the foundations for a potential ‘big’ discovery in 2024.
Speaking to Mining.com.au on the sidelines of the International Mining and Resources Conference (IMARC) in Sydney, Tempest Managing Director Don Smith says exploration is at the forefront of the company’s strategy heading into 2024.
“We still have some results outstanding from our fieldwork, we have more fieldwork we are going to get done before the end of the year, and early next year, we will be going into at least 2 different drill programs at Yalgoo.
“early next year, we will be going into at least 2 different drill programs at Yalgoo”
We are also awaiting some regulatory approvals, but when they come through, we will be able to progress much quicker.
We are definitely keen on exploration and trying to make a big discovery. That is where the big growth opportunities are for investors, but we are always looking at new things as well.”
Mining.com.au is an official media partner of IMARC, which runs from 31 October to 2 November 2023.
Tempest Minerals recently unearthed new zones of gold anomalism through recent surface sampling at its Sanity target at Yalgoo, as reported on 30 October.
Rock chips returned values of up to 7 grams per tonne (g/t) gold, 0.2% copper, and greater than 60% iron from within ‘broader’ envelopes of anomalous soil geochemistry with peak gold values of up to 80 parts per billion (ppb) and copper values of up to 1,200 parts per million (ppm).
Tempest Minerals is a mineral explorer with a diversified portfolio of projects in Western Australia considered ‘highly prospective’ for precious, base, and energy metals.
The company’s Western Australian assets include the Five Wheels, Mount Magnet, Yalgoo, YLP, and Elephant projects, and it also has exposure to lithium and lithium brine in Mozambique, Zimbabwe, and Nevada.
Tempest’s wholly-owned Yalgoo projects comprise a multitude of prospective targets, including Sanity, which represents a local distortion in geophysical datasets that correlates ‘strongly’ with a multi-element geochemical anomaly in collected samples.
Tempest Minerals had $2.037 million cash and cash equivalents at hand as of 30 September 2023, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Tempest Minerals
