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An announcement from Tempest Minerals Limited ( (AU:TEM) ) is now available.
Tempest Minerals Ltd has commenced metallurgical testing for its Remorse magnetite iron discovery within the Yalgoo Project in Western Australia. The testing, involving over 5 tonnes of samples, aims to assess processing variables, with initial results expected in March 2025. This development is part of Tempest’s broader strategy to advance the Remorse deposit, potentially positioning the company as a future supplier in the iron and steel industry, particularly in collaboration with Green Steel and Iron Pty Ltd to explore green steelmaking opportunities.
More about Tempest Minerals Limited
Tempest Minerals Ltd (TEM) is a company involved in the exploration and development of mineral resources, focusing primarily on iron ore. The company’s flagship project, the Yalgoo Project, is located in Western Australia and involves high-grade magnetite iron ore prospects. Tempest has positioned itself among notable industry neighbors and is pursuing potential development opportunities in green steel production.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €2.32M
For an in-depth examination of TEM stock, go to TipRanks’ Stock Analysis page.
