The company’s shares will remain on hold until Thursday, August 26, or when an announcement is made on the market.
Tempest Minerals Ltd (ASX: TEM) has been granted a halt in trading by ASX as it prepares to make a fundraising announcement.
The stop will remain in place until the start of regular trading on Thursday, August 26, or until an announcement is posted to the marketplace, whichever occurs first.
Iron-rich targets at Euro Project
Last month, the company identified other very promising iron-rich targets on its Euro project in the Yalgoo region of Western Australia.
Company mapping has identified 45 additional outcrops of similar iron-rich geology in the southern and central parts of the Euro Project, extending the overall potential longitudinal length to over 20 kilometers.
Ongoing fieldwork continues to uncover geological prospects for gold, base metals and iron ore in an environment known for its world-class deposits, including four major mining projects within 5 kilometers.
Tempest’s Euro project comprises over 176 square kilometers of wholly owned buildings and is part of its exploration portfolio in the southern Yalgoo Greenstone belt.
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