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Tempest Minerals Limited (ASX:TEM)

ALERT: Price-sensitive ASX Announcement for TEM
Current share price for TEM : $0.004 -0.002 (-33.33%)+
Announcement
Release
31 Jul 2025 11:56AM
Price at Release
$0.006
Full Release
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Summary
Tempest Minerals Limited released its Quarterly Activities and Cash Flow Report for the period ending 30 September 2023. During the quarter, the company focused on progressing its exploration and drilling activities at its flagship Yalgoo and Meleya projects in Western Australia, with significant developments including the commencement of diamond drilling at the Remorse Target and the completion of further drilling at the Messenger Project. The company also conducted geochemical soil sampling and continued its regional exploration efforts. Financially, the company reported net cash outflows related to exploration and evaluation, administration, and staff costs, with a closing cash balance of $0.84 million at the end of the quarter. The report highlights the company’s ongoing commitment to advancing its projects while maintaining prudent financial management.
Key Points
  • Quarterly Activities and Cash Flow Report released for period ending 30 September 2023.
  • Diamond drilling commenced at Remorse Target within the Meleya Project.
  • Messenger Project drilling completed as part of ongoing exploration activities.
  • Geochemical soil sampling and regional exploration activities advanced in Yalgoo region.
  • Net cash outflows for exploration, administration, and staffing costs.
  • Closing cash balance of $0.84 million as of 30 September 2023.
  • Directors and related parties received modest payments for services during the quarter.
  • No significant exploration activities occurred at Euro and War West projects during the period.
  • Company continues to review new project opportunities and maintain a disciplined approach to expenditure.
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.