FiveWheels Update - EIS Approval Received for Geophysics

Key Points

• Airborne gravity and magnetic geophysical survey planned in FY2024-25

• TEM awarded EIS grant for $0.23 million (approximately 50% of the survey cost)

• Early planning of survey logistics and timing has commenced

Summary

Tempest Minerals Ltd (TEM) is pleased to provide information on developments at the FiveWheels base metals project in Western Australia. Further to the previously announced exploration plans, TEM has been awarded government co-funding towards a planned geophysical survey at the FiveWheels Project in financial year 2024-25. The grant will provide up to $0.23 million (approximately 50% of the survey cost).