What is the exploration strategy now? - Tempest Minerals Limited (ASX: TEM)

Coffee with Samso 149 is with Don Smith, Managing Director of Tempest Minerals Limited (ASX: TEM) and it is all about the new findings for the Meleya project.

Mineral Exploration is all about patience.

Tempest has a very interesting project in Meleya. In my opinion, the discovery is a proof of concept. The geology looks fertile, the structure is observed in the core and the geology is consistent with mineralisation.

What I like about the whole concept is that the desktop observation is now had two drill holes. The assays may not have been mind boggling but when has mineral exploration been one that hits the mark on the first go. Investors need to remember that this is a grassroots project. This is why they got the funding from the government.

I feel the injustice is that the market in all it buoyancy has created expectations that are hard to meet. The market is looking for big numbers but what the market has missed is that the geology has shown that their interpretation was spot on. What the market sees a a negative is in fact a big positive.

This is the classic case of missing the King in the peasant clothing and admiring the nobleman in the golden robe. As an exploration geologist, our gaols are never aligned with the aspirations of the share price.

When I saw the core in the core shed, what I saw was alteration and lots of geology that could host mineralisation. IN this episode of Coffee with Samso, we hear the frustration of a Managing Director and that of a geologist. That is also coupled with the optimism that they have now proven their concept and that the mineralising fluids do exist.

The chapter list below highlights the content of the full Coffee with Samso video:

Chapters:

00:00 Start
00:20 Introduction
00:50 Don updates
01:31 Mineral Exploration is a long game.
02:02 Visual Estimate mandate.
02:22 The Meleya Story - What has been the lessons learnt?
04:10 Molybdenum and the potential of Meleya.
06:26 What is Tempest thinking about now?
08:30 Has the current lessons helped the regional exploration strategy?
09:21 How can investors consume current exploration strategy?
11:19 Exploration is about search and discovery.
11:44 Other projects
13:02 How has the market been treating Tempest?
14:12 Placement was done with good timing.
14:27 News Flow
14:56 Exploration is status quo. Why TEM?
16:06 Last words from Don
16:19 Conclusion

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