Tempest Minerals Ltd

Tempest Minerals Ltd

  • Location: Western Australia
  • Tickers:
    • ASX:TEM
  • Commodities:
    • Copper
    • Gold
    • Iron Ore
    • Lithium
  • Project Stages:
    • Exploration

Tempest Minerals Ltd is an Australian mineral exploration company with a diversified portfolio of projects in Western Australia prospective for precious, base and energy metals. It has also entered into a conditional agreement with Lole Mining Ltd to acquire its world class portfolio of assets in Papua New Guinea.

Tempest has an experienced board and management team with a history of exploration, operational and corporate success. Tempest leverages the team’s energy, technical and commercial acumen to execute the Company’s mission – to maximise shareholder value through focussed, data-driven, risk-weighted exploration and development of our assets.

Our team consists of

Don Smith: Managing Director

Don is a geologist and entrepreneur with a background in operational, development, exploration and consulting. He has worked for junior through to multinational firms spanning over 10 countries and numerous commodities including base and precious metals and energy minerals. Don has a Bachelor of Science and a Master of Business Administration and a member of the

Australasian Institute of Mining and Metallurgy and a member of the Australian Institute of Geoscientists.

Don has been a director of several successful ASX companies including: Platypus Resources and Alderan Resources. He is currently also involved with several start-ups and consults to the industry.

Brain Moller: Non-executive Chairman

Brian has been a partner at the legal firm HopgoodGanim for 30 years and leads the Corporate Advisory and Governance practice. Brian is the chair or a non-executive director of several ASX listed companies; and was critical in the progression of LSE listed SolGold PLC to becoming one of the largest copper gold developments in the world.

Andrew Haythorpe: Non-executive Director

Andrew Haythorpe has 30 years experience in geology, funds management and has been a Director and Chairman of a number of TSX and ASX listed companies including Crescent Gold. Andrew has been involved in over A$300 million of mergers, acquisitions and capital raisings. Currently he is a Managing Director of Goldoz Ltd and Stunalara Metals Pty Ltd and chairman of Allup Silica Ltd.

Owen Burchell: Non-executive Director

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 through to numerous mining start-ups, closures and operational turnaround projects. Owen is Managing Director of the imminent ASX IPO Abarta Resources Limited.

Projects

Approximately 1000km2 of highly prospective projects in Western Australia.

Diversified portfolio Gold, Copper, Base metals, Lithium

Over 2000km2 exploration site and Tolukuma Mine and Mt Penck project in PNG

Recent Highlights:

Meleya Project (Cu/Au)

One of the most exciting exploration projects in Australia today

Newly discovered greenstone belt along strike from Golden Grove and other significant operations with numerous anomalies to be tested

Maiden drill programs to test several targets within the >50km previously unexplored strike length

Government grant to Tempest for co-funded research drilling (~2000m) commencing Feb 2022

Euro (Au/Cu/Fe)

Recently completed diamond drill program completed at three areasow

Drilling to date confirms historic drilling and extends known mineralisation

>1km mineralised corridor now evident

Sulphides visible in multiple holes including semi-massive zones

Thick zones of alteration and mineralisation intersected in all holes to date

Potential for low cost, shallow mining

Multiple extensional drill programs planned through 2022

Rocky Hill (Li)

Reconnaissance fieldwork commenced at the Rocky Hill lithium project

Project is prospective for lithium and other industrial commodities

Surface sampling completed with more than 60 surface samples taken for multi-element analysis

Further work planned

Lole Mining Tolukuma & Mt Penck Projects (Au/Cu)

Conditional agreement to acquire the high grade Tolukuma Mine and Mt Penck Project in Papua New Guinea.

A near term production asset within a +2,000km² exploration portfolio along strike from some of the biggest gold and copper mines in the world.

The deal comprises a conditional multi-stage transaction where Lole will amalgamate with TEM under its ownership in PNG on an equity-based acquisition value of approximately $25.7M.

Completion of the acquisition is subject to a number of conditions including successful due diligence, shareholder approval and capital raising to support the transaction.

Tempest Minerals Ltd
  • asx: tem

    • 0.011 (52.38%)

* Based on previous 12 months performance

Open 0.03400 Volume 1486512
High 0.03400 52w High 0.21500
Low 0.03100 52w Low 0.01900
Close 0.03200

* 28 September 2022 (AUD)