Rooster Talk Episode 58 is with Don Smith, Managing Director, Tempest Minerals Ltd (ASX:TEM)
It's been a while since the exciting discovery of a large sulphide system at Meleya. I have been very keen to get to see the rocks and have a discussion with Don. In my opinion, the rocks will be the key to the continuation of the story.
Prior to the drilling, the general discussion was primarily on the the potential of the geology being similar to Golden Grove VMS deposit. When Tempest announced the drilling results on 28th March 2022, there was general excitement in the market.
The realisation from the concept is now closer to fact. However, there is still a wait on the actual numbers of the assays. Irrespective of the numbers, I think there is no denying that there is some sort of a discovery at Meleya.
In this episode of Rooster Talk, I asked Don about the geology. The geology from the drilling is the key factor. I wanted to hear Don´s thoughts on whether this was a Discovery or a Proof of Concept. We also talked about the numerous alterations within the length of the hole which points to a large cooking system that could be endowed with metals.
The main takeaway for this episode is the importance of having a good understanding of the geology of the area. The assay numbers will be interesting. Nevertheless, I suspect that will not be the conclusive answer for or against the project.
There will be more drilling and more discussions to come. In my opinion, this is proof that the geology is similar and it is mineralised. This has been a great conversation and I like their method of understanding the geology first before rushing out to drill holes.
Chapters
00:00 Start
00:20 Introduction
02:10 Discovery or Proof of Concept?
03:16 Let´s talk geology of both drill holes.
06:03 Where is the geological thinking now?
07:15 How can Investors understand your geology?
08:50 What is Tempest thinking now?
10:27 Are there any issues with the progress of Tempest?
11:23 Other Projects.
14:25 News Flow.
15:21 Why Tempest?
16:20 Conclusion
PODCAST
About Don Smith
Managing Director
Don is a geologist and entrepreneur with over 20 years in the mining industry. He has worked in operational, development, exploration and consultant roles for junior through to multinational firms spanning over 10 countries and numerous commodities including base and precious metals and energy minerals.
Don’s corporate experience includes project acquisition, financing and development and company management. Don has been the founding director of a number of private and public resource companies including the successful listings on the ASX of Platypus Resources and Alderan Resources. He is currently involved with several start-ups and consults to the industry.
Don has a Bachelor of Science from Newcastle University and a Master of Business Administration from the Australian Institute of Business. Don is also a member of the Australasian Institute of Mining and Metallurgy and a member of the Australian Institute of Geoscientists.
About Tempest Minerals Ltd (ASX:TEM)
The Company listed via initial public offering (IPO) in 2017 under the name Lithium Consolidated Mineral Exploration Limited (Li3) with the goal of feeding the rapidly growing battery mineral industry. Li3 went on to acquire multiple lithium projects on 3 continents and had a string of successful exploration and divestment transactions.
In 2019, faced with a challenging lithium market, the board decided to expand the strategic focus of the company into a more diversified direction and began looking at other commodities such as copper. At the end of 2019, Li3 acquired private exploration company Warrigal Mining and have subsequently continued developing an exciting portfolio of precious and base metals projects in Western Australia to complement the existing energy metal projects.
In August 2020, shareholders elected to rebrand the company to Tempest Minerals Ltd (ASX:TEM) to better reflect the evolved business and its more diverse commodity focus.
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