Tempest Minerals Limited Tempest Minerals Limited (ASX:TEM) is an Australia-based mineral exploration company focused on discovering and developing precious metals including gold and copper, base metals such as lead and zinc, energy minerals like lithium, and industrial metals across a diversified portfolio of projects in Western Australia. The company's core projects encompass the flagship Yalgoo Project spanning over 900 square kilometers in the Yalgoo Region 400 kilometers north of Perth with targets such as Messenger, Meleya, War West, Euro, Remorse, Sanity, and Halo; the Five Wheels Project covering 266 square kilometers in the Earaheedy Basin proximal to significant discoveries; the Elephant Project comprising 194 square kilometers in the Albany Fraser Belt; and the Mount Magnet Project in a prolific gold mining district where it plans 1,500 meters of reverse circulation drilling for gold. These initiatives employ data-driven, risk-weighted methodologies, cutting-edge geophysics, geochemistry, and innovative exploration techniques to identify high-potential greenfield and brownfield deposits.
Founded in 2016 and headquartered in Mount Hawthorn, Western Australia, the company formerly operated as Lithium Consolidated Mineral Exploration Limited until its rebranding in August 2020 to reflect a broader commodity focus beyond lithium, following the acquisition of Warrigal Mining at the end of 2019 to expand into precious and base metals. Tempest Minerals Limited primarily targets institutional and retail investors seeking exposure to the materials sector, with operations concentrated in Australia though historical interests extended to Zimbabwe and Mozambique.
Among its latest major developments, the company signed a memorandum of understanding (MoU) with Green Steel WA in early 2025 to explore producing high-grade magnetite concentrate supporting green iron production; secured regulatory approval for a Phase I drilling program at the Halo prospect within Yalgoo demonstrating copper-gold potential; reported further excellent metallurgical results from Yalgoo enhancing project viability; raised funds via share placement to accelerate drilling, geophysics, and analyses in the Yalgoo region; and terminated a binding agreement with Cambrian Limited originally announced in April to refocus resources. These activities underscore strategic expansions in gold and base metals exploration amid positive assay outcomes and capital inflows as of late 2025.