Source: Tempest Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Tempest Minerals (TEM) finds multiple anomalous geochemical zones from fieldwork at the Rocky Hill project, located 100 kilometres from Perth, WA
  • The company has found trace elements consistent with rocks that are known to host lithium pegmatites
  • Tempest collected more than 60 surface samples with results peaking at 60.3 parts per million
  • The company is now planning further geochemical sampling and mapping
  • TEM shares are up 6.15 per cent and trading at 6.9 cents each

Tempest Minerals (TEM) has found multiple anomalous geochemical zones through initial fieldwork at the Rocky Hill project, located 100 kilometres from Perth.

The company has found trace elements consistent with rocks that are known to host lithium pegmatites.

Under the fieldwork, Tempest took more than 60 surface samples across the project and submitted it for analysis.

The soil sample results include a peak value of 60.3 parts per million (ppm) lithium and need further investigation.

Additionally, Tempest detected lithium–caesium–tantalum (LCT) and pathfinder elements in high ranges in soil samples.

Despite finding a number of anomalies in this initial exploration campaign, the majority of the tenure remains untested and the significant additional of additional tenure to the north, west and south will facilitate further and extension of the identified anomalies.

Tempest is planning further geochemical sampling and mapping.

On the market today, TEM was up 6.15 per cent and trading at 6.9 cents per share at 12:31 pm AEST.

TEM by the numbers
More From The Market Herald

" Wiseway Group (ASX:WWG) launches $4m entitlement offer

Wiseway Group (ASX:WWG) has launched a four to 25 pro-rata non-renounceable entitlement offer to raise up…
Pursuit Minerals (ASX:PUR) - Managing Director, Bob Affleck

" Pursuit Minerals (ASX:PUR) sells Scandinavian projects for $3m

Pursuit Minerals (ASX:PUR) has settled the sale of its nickel and vanadium projects in Norway, Sweden…
Payright (ASX:PYR) - Joint CEOs, Piers Redward (left) and Myles Redward (right)

" Payright (ASX:PYR) settles “transformational” funding package to pursue growth

Payright (ASX:PYR) completes its settlement of funding package, comprising a $125 million warehouse facility led by…
X2M Connect (ASX:X2M) - Chief Operating Officer, Keith Jelley

" X2M Connect (ASX:X2M) wins three contracts in South Korea

X2M Connect (ASX:X2M) has won three new contracts in South Korea for remote water monitoring and…