Tempest Minerals

TEM | Yalgoo Update - Remorse Site Works Commenced

Tempest Minerals Ltd (TEM) is pleased to update the market on the Remorse Project. After significant weather related delays, safe access has been established and earthworks at the Remorse Target have commenced. This work includes critical site access and drill pad construction. It is expected that upon the completion of this work that drilling will commence shortly thereafter in late August 2024.


Key Points

  • Access and pad construction in progress at Remorse Target
  • Drilling to commence as soon as safely possible

Yalgoo Project

Remorse Target Drilling

TEM have previously announced its plans to conduct a circa 5,000m Reverse Circulation (RC) drilling program at the exciting Copper focussed Remorse Target 1 which is part of the Company’s flagship Yalgoo Project. Works have been significantly delayed due to unforeseen weather and flooding onsite 2 which have prevented safe access. Earthworks have now commenced including site access tracks and drill pad construction. Upon completion of this work, drilling is anticipated to start late August 2024.

Figure 01: Earthworks commencing at the Remorse Target

Next Steps

  • Earthworks to be completed
  • Drilling expected to commence late August 2024

The Board of the Company has authorised the release of this announcement to the market.


Click here for the full ASX Release

This article includes content from Tempest Minerals Limited, 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.

TEM:AU
The Conversation (0)
Keith Weiner, gold and silver bars.

Keith Weiner: Gold, Silver in Bull Markets — Here's What's Different This Time

Keith Weiner, founder and CEO of Monetary Metals, discusses gold and silver's performance so far this year and shares his outlook for the rest of 2025.

He also explains what makes today's gold bull market different than those seen in prior years.

Keep reading...Show less
Orange pushpin on a map marking Indonesia.

China-Linked Gold Syndicates Driving Toxic Mining Boom in Indonesia: Report

Remote hillsides in Indonesia are being stripped bare and villages are grappling with poisoned soil, all due to a growing illicit gold trade that investigators say is being driven in large part by Chinese syndicates.

A Washington Post exposé based on satellite imagery, trade data, public records and interviews across three continents, found that these operations, which are being bankrolled by private Chinese investors, are far beyond the reach of local authorities, often running without interference from local police.

In Indonesia’s Lantung region, gold trader Heru Hairuddin expressed concern, telling the news outlet, “We don’t know where they take it. We only know it doesn’t stay here.”

Keep reading...Show less
John Kaiser, mine site.

John Kaiser: Gold Price Outlook and Drivers, Plus 7 Stocks I'm Watching

John Kaiser of Kaiser Research shares his outlook for the gold price, also mentioning several junior mining stocks that he's watching right now.

"I think we're in a very special moment," he said.

Keep reading...Show less
Element79 Gold CEO and Director James C. Tworek.

Element79 Gold CEO Highlights Strategic Pivot Toward Nevada Projects

Element79 Gold (CSE:ELEM,OTCQB:ELMGF,FWB:7YS) is providing more details on recent developments at its Lucero project in Peru, after the company invoked the force majeure clause under its agreement with Condor Resources (TSXV:CN).

“When you're working outside of … a de-risked jurisdiction like North America, you can run into these delays. And while we have been working diligently with the community for over two and a half years since acquiring this project at Lucero, there's ebbs and flows, both on a federal level as well as at local level, inside the community,” said James C. Tworek, the company’s CEO and director.

Invoking the force majeure clause allowed Element79 to pause payment obligations with regards to the Lucero project for a maximum of two years.

Keep reading...Show less
Brunswick Exploration (TSXV:BRW)

Brunswick Exploration


Keep reading...Show less
Two people in suits shaking hands in a warmly lit setting.

Alkane Completes Merger with Mandalay Resources, Begins Trading on TSX

Alkane Resources (ASX:ALK,TSX:ALK) said on August 5 that it has closed its merger with gold- and antimony-focused Mandalay Resources. The all-share transaction was valued at AU$559.1 million.

First announced in April, the deal creates a combined company that is projected to produce about 160,000 gold equivalent ounces in the 2025 fiscal year, with the potential to rise to 180,000 ounces the following year.

Alkane has acquired all of Mandalay's issued and outstanding common shares, with former Mandalay shareholders and existing Alkane shareholders respectively owning approximately 55 percent and 45 percent of the new entity.

Keep reading...Show less

Latest Press Releases

Related News

×