TEM | Quarterly Report - Period Ending 30 September 2024

Key Points

• Corporate
  • Rights Issue Completion
• Projects
  • Yalgoo prospectivity analysis
  • Yalgoo drilling commenced at Remorse
  • FiveWheels geochemical and heritage surveys completed

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.

Figure 02: Yalgoo Projects Overview

Tempest has used data-driven processes to identify poorly or unexplored areas of highly prospective geology. This approach has had considerable success and includes the discovery of multiple instances of new mineralisation.

The project contains a number of different geological domains - though much of these have considerable overlap. Within these domains, exploration targets continue to be identified through ongoing exploration and data analysis and are being explored systematically according to prioritisation based on geological and other criteria.

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