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Tempest Minerals Limited (ASX:TEM)

ALERT: Price-sensitive ASX Announcement for TEM
Current share price for TEM : $0.006 0 (0%)+
Announcement
Release
5 Mar 2026 10:05AM
Price at Release
$0.006
Full Release
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Summary
Tempest Minerals Limited (TEM) announced the acquisition of Zealandia Resources Pty Ltd, expanding its portfolio with four advanced gold projects in New Zealand's North Island. The acquisition includes 145 km² within the Taupo Volcanic Zone and the Hauraki Goldfields, areas known for significant gold production. This strategic move positions TEM to capitalize on the potential for major gold discoveries, given the extensive historical data and multiple drill-ready targets associated with the projects. The acquisition deal is valued at $2 million, all in scrip, with additional performance milestones set for the conversion of performance shares. TEM sees the acquisition as a mechanism to enhance shareholder value by leveraging exploration opportunities in proven gold-bearing regions. The acquisition is subject to several conditions, including due diligence and regulatory approvals.
Key Points
  • Tempest Minerals to acquire 145 km² gold portfolio in New Zealand.
  • Multiple drill-ready targets across four project areas.
  • Projects located in regions with historical production exceeding 15 Moz of gold.
  • $2M all scrip deal with performance milestones.
  • Acquisition enhances TEM's portfolio in Australia and New Zealand.
  • Extensive historical data supports exploration potential.
  • Strategic location in Taupo Volcanic Zone and Hauraki Goldfields.
  • Acquisition subject to due diligence and regulatory approvals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.