Tempest Minerals (ASX:TEM) is pleased to release its quarterly report for the period ending on June 30, 2024.
Projects
Figure 01: TEM Projects and Commercial Interests
Yalgoo
Tempest’s flagship project is the Company’s holding in the Yalgoo region of Western Australia. Totalling more
than 1,000km2 and located near high profile neighbours including: 29 Metals Ltd (ASX:29M) - Golden Grove
Copper, Zinc, Gold, Silver Mine; Spartan Resources Ltd (ASX:SPR) - Yalgoo Gold Project; Silverlake (ASX:SLK) -
Deflector and Rothsay Gold Mines, Capricorn Metals Ltd (ASX:CMM) Gold, EMU NL (ASX:EMU) - Gnows Nest
Gold Project; Tungsten Mining (ASX:TGN) - Mt Mulgine Project; Fenix (ASX:FEX) - Iron Ore Operations, and
Karara and Sino Iron ore operations and more.
Click here for the full ASX Release
This article includes content from Tempest Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
The continued positive outlook for gold, copper is creating a strong macro economic environment for Tempest Minerals supported by its highly prolific assets with potential for world-class deposits.
Tempest Minerals (ASX:TEM) is an exploration and development company based in Australia, with a diversified portfolio of mineral assets prospective for iron, gold, copper/base metals, rare earths (REE), lithium. The company has five projects located in prolific territories in Western Australia: Yalgoo (gold, copper, zinc, silver, iron ore, tungsten, rare earths and more), Mt Magnet (gold, REE), Five Wheels (gold, base metals) and Elephant (gold). Its flagship Yalgoo property is a large land package comprising several targets, located in the prolific Yalgoo Region of Western Australia. Tempest has defined a number of exceptional exploration targets and is currently progressing the newly discovered Remorse magnetite iron ore deposit.
Tempest Minerals is headquartered in Perth, Australia.
Tempest Minerals is led by an experienced board and management team with a history of exploration, operational and corporate success – key to executing the company’s mission to maximise shareholder value through focused, data and technology-driven asset exploration and development.
Tempest’s largely unexplored and 100-percent-owned Yalgoo property covers more than 1,000 square kilometres and is highly prospective for gold, base metals and iron with world-class potential. It is located four hours from Perth, close to major infrastructure and adjacent to world-class mines, including Golden Grove, Deflector, Mt Gibson, Minjar, Rothsay and Mt Mulgine.
The Remorse Target is a 5 km long exploration target where TEM completed an initial 4,005 meters of drilling in 2024 and identified a significant magnetite iron-ore deposit. The target also remains highly prospective for base metals.
Tempest also has a number of compelling exploration targets across the 1,000 sq km project including the Sanity target which is highly prospective for gold, with rock chip samples returning 7 grams per ton (g/t) gold, 0.2 percent copper, and more than 60 percent iron.
The 100-percent owned Mt Magnet project spans more than 20 square kilometres located within a world-class mining district and is 5 kilometres from a processing facility. A prolific mining destination with at least 6 million ounces of gold produced to date, the project is surrounded by multiple large-scale gold mines currently in operations, including Ramelius’ (ASX:RMS) Mt Magnet operations and Spartan’s (ASX:SPR) Dalgaranga. The project contains multiple drill targets, of which Wrangler will be a key focus of near-term work.
The Elephant project is a 194 square kilometre property in the prolific Fraser Range region with large geological structures and multi-million-ounce targets. The project area itself has strong magnetic anomalies and an 8-kilometre gold in soil geochemical anomaly which could represent a large subsurface gold system.
The 100-percent owned, 266-square-kilometre Five Wheels project is geologically similar to Rumble Resources’ zinc-lead-copper discoveries and sits within the boundaries of the Earaheedy Basin in Western Australia, a mineralised sedimentary basin. A major geophysics program is planned for the project, co-funded by the government.
Brian Moller specialises in capital markets, mergers and acquisitions, and corporate restructuring and has acted in numerous transactions and capital raisings in both the industrial and resources and energy sectors. He was a partner at the legal firm HopgoodGanim for 30 years and led the corporate advisory and governance practice. Moller acts for many publicly listed companies in Australia and regularly advises boards of directors on corporate governance and related issues. He is currently chair or a non-executive director of a number of ASX-listed companies and was critical in the progression of the high-profile LSE-listed SolGold PLC into becoming one of the largest copper-gold developments in the world.
Don Smith is a geologist and entrepreneur with over 20 years in the mining industry. He has worked in operational, development, exploration and consulting roles for junior through multinational firms intensively internationally on numerous commodities, including base and precious metals and energy minerals.
Smith’s corporate experience includes project acquisition, financing and development, and company management. He has been the founding director of a number of private and public resource companies, including the successful listings on the ASX of Platypus Resources and Alderan Resources. Smith has a Bachelor of Science from Newcastle University and a Master of Business Administration from the Australian Institute of Business. Smith now sits on the board of International Prospect Ventures (TSXV:IZZ) and is also working with a number of startups.
Andrew Haythorpe has 30 years’ experience in geology and funds management and has been the director and chairman of a number of TSX and ASX listed companies. Since 1999, Haythorpe has been involved in over AU$300 million of mergers and acquisitions and capital raisings in mining and technology companies listed on the TSX and ASX.
He is currently the managing director at Allup Silica, Goldoz and Stunalara Metals, where he is also a founder. He has previously been a fund manager and analyst at Bankers Trust, an analyst at Suncorp (now a Top 20 ASX-listed company with some AU$96 billion in assets), and a director at Hartley Poynton. More recently, he was the managing director of Crescent Gold, leading that company from a junior explorer to a mid-tier producer within four years; and the managing director of Michelago Resources, which became one of the top-performing ASX-listed companies on its transition to gold production in China.
Owen Burchell is a mining engineer with 20 years of technical, operational and corporate experience, including management positions at Rio Tinto, BHP and Barrick Gold, as well as numerous mining start-ups, closures and operational turnaround projects.
Burchell holds several post-graduate business qualifications from the West Australian School of Mines and is the holder of a First Class Mine Managers Certificate of Competency. He is also a member of the Australasian Institute of Mining and Metallurgy and a graduate of the Australian Institute of Company Directors.
Burchell currently consults on numerous projects in the resource sector.
With a portfolio of past-producing gold assets with a resource potential of 1 to 4 million ounces, Providence Gold Mines (TSXV:PHD,OTCQB:PRRVF,GR-FRANKFURT:7RH1) is a compelling investment opportunity for those seeking exposure to high-potential gold assets amid a current gold bull market.
Providence Gold Mines focuses on revitalizing the historic Providence Group of Mines. The company aims to unlock the potential of its high-grade gold deposits within the Mother Lode Gold Belt in Sonora, California. This prolific gold district has historically reportedly produced over 128 million ounces of gold, making it one of North America's most significant gold-producing regions.
The Providence Group of Mines consists of seven patented mineral claims: Bonita, Consuelo, Fair Play, Good Enough, McCarthy, Mexican and Providence. With a portfolio of past-producing gold mines, high-grade drill targets, and a near-term pathway to production through stockpile processing, the company is poised to generate significant value for shareholders.
This Providence Gold MInes profile is part of a paid investor education campaign.*
Click here to connect with Providence Gold Mines (TSXV:PHD) to receive an Investor Presentation
Yukon Metals Corp. (CSE: YMC, FSE: E770, OTCQB: YMMCF) (" Yukon Metals " or the " Company ") is pleased to announce the appointment of Susan Craig as an Independent Director to the Company's Board of Directors (the " Board "), effective February 10, 2025.
"On behalf of the entire Board, I am pleased to welcome Susan Craig to the Yukon Metals team and Board," commented Patrick Burke, Chair of the Board.
Rory Quinn, President & CEO, added, "Susan brings a wealth of knowledge and a proven track record of impactful contributions throughout her leadership roles in the Yukon. Her technical expertise and experience rooted in critical areas such as environmental stewardship, community relations, governance, and Indigenous engagement will help provide invaluable guidance and perspective. As we prepare for our 2025 exploration program, we are excited to welcome Susan to our Board and are confident that her contributions will play a significant role in the Company's success with all of its stakeholders."
Geologist Susan Craig has had more than 30 years of award-winning experience in managing and advising with respect to regulatory, environmental, social, Indigenous and community relations related to the mining industry. Ms. Craig has worked on Yukon and British Columbia projects from the exploration and development stage to construction, production and mine closure. Her work often includes working with publicly-listed mining companies, Territorial and Federal Governments, First Nations and industry associations. She has also led and participated as an officer and director of several junior companies.
Ms. Craig first collaborated with a First Nation to implement a socio-economic accord related to a mining project in the Yukon in 1995. Her experience includes successfully leading the environmental assessment process for NovaGold's Galore Creek project in 2006 and playing a key role in establishing the participation agreement with the Tahltan Nation. Ms. Craig has also worked closely with First Nations on the Kemess Underground and Kutcho Projects.
Ms. Craig has served as the Chair of AME Mineral Exploration Roundup, as well as a Board Member of AME, Director of Yukon Energy Corporation, President and Director of the Yukon Chamber of Mines, Chair of the Yukon Mineral Advisory Board, Director of the Yukon Foundation, Director of the Yukon Imagination Library and is currently Chair of the Advisory Board at Lakehead University's Centre of Excellence for Sustainable Mining & Exploration. Ms. Craig has received numerous awards recognizing her contributions toward environmental stewardship and sustainable development and was awarded the 2017 Canadian Women in Mining Trailblazer Award. Ms. Craig has also been recognized as a Yukon Women in Mining Champion.
The Company has granted 400,000 incentive stock options to Ms. Craig. The options are each exercisable for one common share of the Company at $0.65 per common share for a period of five years and are subject to the terms of the Company's omnibus incentive plan.
ABOUT Yukon Metals CORP.
Yukon Metals is well financed and represents a property portfolio built on over 30 years of prospecting by the Berdahl family, the prospecting team behind Snowline Gold's portfolio of primary gold assets . The Yukon Metals portfolio consists primarily of copper-gold and silver-lead-zinc assets, with a substantial gold and silver component.
The Company is led by an experienced Board and Management Team across technical and finance disciplines.
Yukon Metals is focused on fostering sustainable growth and prosperity within Yukon's local communities, while simultaneously enhancing stakeholder value. Our strategy centers around inclusivity and shared prosperity, offering both community members and investors the chance to contribute to, and benefit from, our ventures.
THE YUKON
The Yukon ranks 10 th most prospective for mineral potential across global jurisdictions according to the Fraser Institute's 2023 Survey of Mining Companies and is host to a highly experienced and conscientious local workforce, fostered by a long culture of exploration coupled with deep respect for the land. Recent major discoveries with local roots such as Snowline Gold's Rogue Project - Valley Discovery, demonstrate the Yukon's potential to generate fresh district-scale mining opportunities.
ON BEHALF OF THE BOARD OF Yukon Metals CORP.
"Rory Quinn"
Rory Quinn, President & CEO
Email: roryquinn@yukonmetals.com
For additional information, please contact:
Kaeli Gattens
Vice President, Investor Relations & Communications
Yukon Metals Corp.
Email: kaeligattens@yukonmetals.com
Phone: 604-366-4408
Website: www.yukonmetals.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking information, including information about the Company's future success related to its appointment of Susan Craig, the Yukon's ability to generate fresh district-scale mining opportunities, and the Company's future plans and intentions. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify the forward-looking information. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking information involves significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from those discussed or implied in the forward-looking information. These factors should be considered carefully and readers should not place undue reliance on the forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with the forward-looking information. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to update or revise the information to reflect new events or circumstances, except as required by law.
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