Summary
Key Points
FiveWheels Project
Background
In July 2023, Tempest announced theacquisition of the FiveWheels Project.
The FiveWheels Project is 266km2 ofgranted tenure on the Earaheedy Basin’snorthern edge. This is located ~146 kmnorth of the Western Australian miningtown of Wiluna.
This region was reinvigorated in 2021 bythe major discovery of base metals byRumble Resources (ASX:RTR) 2 and in2023 with a globally significant inferredMineral Resource Estimate (MRE) of94Mt @ 3.1% Zn + Pb and 4.2g/t Ag (ata 2% Zn + Pb cutoff)] 3. NeighbouringStrickland Resources Ltd (ASX:STK)also announced the discovery of similarmineralisation in 2023.
The FiveWheels Project is approximately36km north of these projects and isconsidered to exhibit similar geology.This is highlighted by historicexploration near the FiveWheels Projectexhibiting soil geochemistry up to 1,130ppm (~0.1%) Copper and 847 ppm Zinc.
Similarly, key geological unitsincluding the Yelma Formation and theFrere Formation have been intersectedin legacy drilling but not assayed 6.
Heritage Agreements
TEM is pleased to announce the signing of a land access for exploration deed of agreement with MNR. Anexisting Land access agreement for exploration and prospecting already exists with the Marputu AboriginalCorporation RNTBC.
This is an excellent outcome as all granted tenure now has heritage agreements. TEM is looking forward toworking together with the traditional owners to progress the exciting exploration potential at the FiveWheelsProject.
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