TEM | Yalgoo Update - Remorse Drilling Status

Tempest Minerals Ltd (TEM) is pleased to update the market on the status of planned drilling at the Company’s Remorse Target. TEM has received all the necessary regulatory approvals to commence drilling at the Remorse Target and has completed preparations. TEM expects to commence drilling in mid July 2024 (weather permitting) as Earthworks has been delayed due to inaccessibility as a result of heavy rainfall and partial flooding of the area.

Key Points

• Approvals received for drilling
• Preparation complete and field team ready to commence program
• Earthworks and drilling to commence immediately upon safe weather and ground conditions

Yalgoo Project

Background

The Remorse Target is located on the eastern side of the Company’s flagship Yalgoo Project. TEM has previously noted the presence of large-scale copper-zinc geochem and geophysical anomalies ¹ and the intention to drill test these ². An extensional geochem survey was also recently completed at the target ³.

Status

All the necessary regulatory approvals to commence drilling at the Remorse Target have been received. TEM continues to work closely with the traditional owners ⁴ to ensure cultural heritage is respected. All preparation is complete and the Tempest team eagerly awaits ground and weather conditions to improve so Earthworks and drilling can commence as soon as possible.

Next Steps

• Initial 5,000m RC drilling program planned for mid-July
• Results of recent geochem survey expected mid-July

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