An update from Tempest Minerals Limited ( (AU:TEM) ) is now available.
Tempest Minerals Ltd has announced the completion of its inaugural inferred resource estimate for the Remorse Magnetite Iron Deposit, marking a key transition from exploration to resource definition. This estimate, which includes 63.5 million tonnes at 30.6% iron, provides a foundation for future development and potential mining operations at the Yalgoo Project. Despite being based on limited drilling, the company anticipates significant growth in resource size as further exploration continues. The advancement of metallurgical studies and a memorandum of understanding with GreenSteel and Iron further positions Tempest to progress from exploration to development.
More about Tempest Minerals Limited
Tempest Minerals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction and processing of iron ore, with a significant project located in Yalgoo, Western Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.67M
For a thorough assessment of TEM stock, go to TipRanks’ Stock Analysis page.