Announcement • Mar 06
Tempest Minerals Limited (ASX:TEM) binding Term Sheet to acquire Zealandia Resources Pty Ltd from Vitalstatistix Pty Ltd, Millbohm Consulting Group Pty Ltd, Shaun Ramsden and Neil Carr Investments Pty Ltd for AUD 2 million. Tempest Minerals Limited (ASX:TEM) binding Term Sheet to acquire Zealandia Resources Pty Ltd from Vitalstatistix Pty Ltd, Millbohm Consulting Group Pty Ltd, Shaun Ramsden and Neil Carr Investments Pty Ltd for AUD 2 million on March 5, 2026. Tempest has also agreed to pay the Vendors on a staged basis AUD 2 million of performance shares whichupon the milestones being met within 5 years of completion, are convertible into ordinary shares inTempest as follows : AUD 0.5 million of the Performance Shares will convert upon the obtainment in any drilling program of an intersection of equal or greater than 10 gram-metres Au; AUD 0.5 million of the Performance Shares will convert upon the obtainment in any drilling program of an intersection of equal or greater than 20 gram-metres Au; AUD 0.5 million of the Performance Shares will convert upon the obtainment of an Inferred JORC resource of at least 200,000 ounces Au at an average grade of at least 2 g/t Au; New Zealand Gold Portfolio Acquisition AUD 0.5 million of the Performance Shares will convert upon the obtainment of an Inferred JORC resource.
Settlement of the Acquisition is conditional on the satisfaction or waiver of the following conditions ; Tempest conducting, and being satisfied in all respects with the results of, its legal, financial and technical due diligence investigations in relation to Zealandia, the Tenements and the Proposed Transaction; Zealandia conducting, and being satisfied in all respects with the results of, its legal, financial and technical due diligence investigations in relation to Tempest and the Proposed Transaction; The Vendors entering into the Transaction Documents in each case in form and substance satisfactory to Tempest and Zealandia; Tempest and Zealandia obtaining all relevant Authorisations and third-party approvals and consents to the Proposed Transaction in accordance with all applicable regulatory requirements; Tempest shareholders approving the Proposed Transaction; Any regulatory or other approvals required, being obtained; and Tempest and Shaun Ramsden entering into a consulting agreement in relation to providing services with respect to the Tenements upon reasonably acceptable terms. The transaction is settlement is expected to be completed by 15 May 2026 following waiver of conditions. Announcement • Feb 17
Capricorn Metals Ltd (ASX:CMM) completed the acquisition of The Yalgoo Project from Tempest Minerals Limited (ASX:TEM). Capricorn Metals Ltd (ASX:CMM) entered into a binding agreement to acquire The Yalgoo Project from Tempest Minerals Limited (ASX:TEM) for AUD 6.4 million on December 23, 2025. The transaction consideration is $4.5 million, comprised of an initial cash deposit of AUD 0.1 million which has been paid by Capricorn, AUD 0.4 million cash on completion; and the balance of AUD 4 million to be satisfied by the issue of fully paid ordinary shares in Capricorn, calculated by reference to the 5-day VWAP prior to completion occurring. In addition, the Company has agreed to make contingent deferred payments, limited to a maximum of three payments each as follows: AUD 0.75 million in cash upon the announcement by Capricorn of a JORC compliant Mineral Resource Estimate in excess of 75,000 ounces of gold on the Yalgoo Project; and AUD 0.75 million in cash upon the announcement by Capricorn of a board decision to commence a commercial mining operation on the Yalgoo Project.
The transaction is conditional upon completion of due diligence, obtaining of any third party consents and Ministerial consent under the Mining Act and ASX confirmation on the non-applicability of Chapter 11 of the ASX Listing Rules. Completion of the acquisition is expected in early 2026. As of February 2, 2026, the transaction completion date is extended till February 14, 2026.
Capricorn Metals Ltd (ASX:CMM) completed the acquisition of The Yalgoo Project from Tempest Minerals Limited (ASX:TEM) on February 16, 2026. Announcement • Oct 02
Tempest Minerals Limited, Annual General Meeting, Nov 26, 2025 Tempest Minerals Limited, Annual General Meeting, Nov 26, 2025. 
