Tempest Minerals Ltd (ASX: TEM) has reported encouraging outcomes from recent RC drilling at the Remorse Target, located within the Yalgoo Project in Western Australia. The drilling confirmed the presence of high-grade magnetite iron ore across multiple drill holes over a strike length exceeding 2 kilometers. Highlights include notable intercepts such as 16m @ 32.6% Fe and 20m @ 32.3% Fe. The project, which spans over 1,000 square kilometers, is near world-class iron ore processing facilities, enhancing its potential for large-scale development.
Preliminary analyses using portable X-ray fluorescence (pXRF) indicate consistent iron grades, with lab-confirmed assays expected in December 2024. The iron-rich geology, identified through widely spaced drilling and mapped across a 5-kilometer zone, exhibits favorable characteristics for efficient beneficiation, promising high-grade concentrates. Next steps include further assay analysis, metallurgical testing, additional drilling, and assessment of broader iron ore potential. Tempest remains committed to maximizing shareholder value through focused exploration.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
