Coffee with Samso 149 is with Don Smith, managing director of Tempest Minerals Ltd (ASX: TEM) and it is about the new discoveries from the Meleya project.
Mineral exploration is a matter of patience.
Tempest has a very interesting project in Meleya. In my opinion, the discovery is a proof of concept. The geology appears fertile, the structure is observed in the core and the geology is compatible with the mineralization.
What I like about the whole concept is that the desktop observation now has two boreholes. The analyzes may not have been mind-blowing, but when was mineral exploration the one that hit the mark on the first try? Investors should remember that this is a grassroots project. That’s why they got government funding.
I think the injustice is that the market, in all its vigor, 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 their interpretation to be correct. What the market sees as a negative is, in fact, a big positive.
It’s the classic case of missing the king in peasant garb and admiring the nobleman in golden robes. As an exploration geologist, our goals are never aligned with stock price aspirations.
When I saw the core in the core shed, I saw weathering and lots of geology that could host mineralization. In this episode of Coffee with Samso, we hear the frustration of a general manager and that of a geologist. It also comes with the optimism that they have now proven their concept and mineralizing fluids exist.
Chapters:
00:00 Start
00:20 Presentation
00:50 Don updates.
01:31 Mineral exploration is a long game.
02:02 Visual quote mandate.
02:22 Meleya’s story – Lessons learned.
04:10 Molybdenum and the potential of Meleya.
06:26 What is Tempest thinking now?
08:30 Have current lessons helped regional exploration strategy?
09:21 How can investors consume the current exploration strategy?
11:19 Exploration is about research and discovery.
11:44 Other projects.
13:02 How has the market treated Tempest?
14:12 The placement was done with good timing.
2:27 p.m. News feed.
14:56 Exploration is the status quo. Why TEM?
4:06 Don’s last words.
16:19 conclusion
PODCAST
About Don Smith
General director
Don is a geologist and entrepreneur with over 20 years of experience in the mining industry. He has worked in operational, development, exploration and advisory roles for junior companies to multinationals spanning over 10 countries and numerous commodities including base and precious metals and energy minerals.
Don’s corporate experience includes project acquisition, financing and business development and management. Don was the founding director of a number of private and public resource companies, including the successful ASX listings of Platypus Resources and Alderan Resources. He is currently involved in several start-ups and consults the industry.
Don holds a BSc from Newcastle University and an MBA from the Australian Institute of Business. Don is also a Fellow of the Australasian Institute of Mining and Metallurgy and a Fellow of the Australian Institute of Geoscientists.
About Tempest Minerals Ltd (Tempest Minerals Ltd (ASX: TEM))
The company went public in 2017 as Lithium Consolidated Mineral Exploration Limited (Li3) with the aim of fueling the rapidly growing mineral battery industry. Li3 then acquired several lithium projects on 3 continents and completed a series of successful exploration and divestment transactions.
In 2019, faced with a challenging lithium market, the board decided to broaden the company’s strategic focus in a more diversified direction and began looking at other commodities such as copper. In late 2019, Li3 acquired private exploration company Warrigal Mining and subsequently continued to develop an exciting pipeline of precious and base metals projects in Western Australia to complement existing energy metals projects.
In August 2020, shareholders elected to rebrand the company as Tempest Minerals Ltd to better reflect the changing business and its more diversified focus on commodities.
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Samso is a renowned resource within the investment community for its in-depth market analysis and insights into companies and business trends that matter.
Investors seek out Samso for informed assessments of current industry developments across a variety of business sectors and forecasts of future performance.
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Led by industry veteran Noel Ong and based in Perth, Western Australia, Samso’s Coffee with Samso and Rooster Talk both interview friendly conversations with business personalities that provide insight into companies on the Australian Stock Exchange (ASX), related concepts and industry trends.
Noel Ong is a geologist with nearly 30 years of industry experience and a strong background in capital markets, corporate finance and the mineral resources sector. He was founder and managing director of ASX-listed company Siburan Resources Limited from 2009 to 2017 and has also been involved with several other ASX listings, providing advice, sourcing projects and helping to raise capital.
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Disclaimer
The information in this article is the author’s personal opinion and is provided for general guidance only and is not intended to create/induce the creation of any binding legal relationship. Read the full disclaimer.
