Tempus Resources Ltd (ASX:TMR)

Tempus Resources Ltd (ASX:TMR)


Share Price
$ 0.19
Change
0 (0.00 %)
Market Cap
$6.75 m
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Tempus Resources Ltd

Tempus Resources Ltd (ASX:TMR) has acquired high quality early stage gold exploration prospects in Ecuador.

EPIC: TMR
Market: ASX:TMR
52-week High/Low: A$0.325 / A$0.150
Sector: Mining
Market Cap: $6.75 m
Website: www.tempusresources.com.au
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Big Picture – A Deep Dive Examination of Tempus Resources Ltd


Tempus Resources Ltd Snapshot

Tempus Resources Limited is an exploration company, established with the purpose of exploring and developing copper and other mineral opportunities

Claypan Dam Project

The Claypan Dam Project is located in the Gawler Craton of South Australia. It has the potential to host a variety of mineralisation styles including iron oxide copper gold (IOCG), nickel–copper, iron–titanium‐phosphate (FTP), rare earth elements and banded iron formation (BIF) ore deposits.

The project area includes a small intrusion interpreted to be a granite of the Hiltaba Suite age, which are well documented to be the source of copper-gold-uranium, and gold‐only mineralising events associated with IOCG deposits in the Gawler Craton.

The margins of the granite exhibit a typical contact metamorphic aureole as displayed by aeromagnetic data. While poorly expressed in existing wide‐spaced gravity data, this aureole is considered to have coincident high-density gravity anomalism, suggesting there is higher than average accumulation of iron, possibly through alteration and brecciation indicating the potential for IOCG mineralisation at the margins

The potential for FTP mineralisation associated with large layered mafic (anorthosite‐gabbro‐norite) along strike remains high and is believed to be a worthy exploration target for discovering nickel, platinum group elements, copper, iron (magnetite), titanium oxides (ilmenite) and apatite (phosphate) mineralisation. Continued exploration will seek to determine the geochronology of the igneous intrusion to define a potential geological model and evaluate the mineralisation potential.

Tempus intends to systematically explore the Claypan Dam Project using ground gravity and magnetic surveys to map the contact of the Hiltaba granitoid with more precision than the current regional surveys. Drilling will enable fresh basement samples to be collected for geochemical, petrographic and geochronological investigations.


Montejinni Project

The Montejinni Project, located near Top Springs in the Northern Territory has abundant anecdotal and physical evidence of copper rich float within the tenement location. Historical data has been collated and reviewed from previous site work undertaken between 1968 and 1997 by Renison Goldfields, Stockdale, Tipperary Land Corporation and Metals Exploration. The data has a directly northwest trending and likely structurally controlled 20 kilometre long geochemical copper anomaly which appears to be associated with a magnetic trend.

Amalgamation of the data has produced a new exploration target with potential for a significant high grade poly metallic (copper & zinc) deposit. Due to the number and age of the various sources, many features are not available that would enable verification and validation of the historical data and therefore a systematic, modern exploration approach is required to locate and define the prospective portion of the historic copper‐zinc anomaly.

High grade copper samples have been taken from costeans within the Montejinni Project area, including results of 21.7%, 11.5% and 10.2%. Copper occurrences are observed at the contact between the Montejinni limestone and the Kalkarindji volcanic suite but little systematic exploration has been carried out to determine whether mineralisation persists along this contact or has been sourced from volcanic vents or similar feeder zones. Such feeder zones would also be prospective for nickel – PGE (platinum group element) mineralisation.

Tempus intends to systematically explore the Montejinni Project using ground gravity and surface geochemical surveys to delineate targets for drilling.

 


Last updated 27th May 2019

ALEXANDER MOLYNEUX
Executive Chairman
BEcon

Mr Molyneux is an experienced mining industry executive.  He is Co-Founder and Chairing Member of Azarga Resources Group (2012 – present).  Mr Molyneux currently serves as Non-Executive Chairman of Azarga Metals Group (2012 – present) and Non-Executive Chairman of Argosy Minerals Ltd (ASX: AGY) (2016 – present).  He was previously Executive Chairman of Azarga Uranium Corp (TSX: AZZ) and its predecessor companies (2012 – 2015), Non-Executive Director of Goldrock Mines Corp (TSX-V:GRM) (2012 – 2016) and CEO of SouthGobi Resources Limited (Ivanhoe Mines Group) (TSX:SGQ / HKEX:1878 (2009 – 2012).  Prior to joining SouthGobi, Mr Molyneux was Managing Director, Head of Metals and Mining Investment Banking, Asia Pacific, with Citigroup.  In his position as a specialist resources investment banker he spent approximately 10 years providing advice and investment banking services to natural resources corporations.


BRENDAN BORG
Non-Executive Director
BSc, MSc, MAusIMM

Mr. Borg is a highly respected consultant geologist who has specialised in the “battery materials” sector including lithium, graphite and cobalt mineralisation, participating in numerous successful projects, in an investment and/or operational capacity. Mr. Borg has 20 years’ experience gained working in management, operational and project development roles in the Exploration and Mining industries, with companies including Rio Tinto Iron Ore, Magnis Resources Limited, IronClad Mining Limited, Lithex Resources Limited and Sibelco Australia Limited. Brendan is currently the Managing Director of Celsius Resources Ltd (ASX: CLA).  He is also a Director of geological consultancy Borg Geoscience Pty Ltd.


MELANIE ROSS
Non-Executive Director & Company Secretary
CA, AGIA ACIS

Ms Ross is an accounting and corporate governance professional with over 18 years’ experience in financial accounting and analysis, audit, business and corporate advisory services in public practice, commerce and state government.  She has a Bachelor of Commerce and is a member of the Institute of Chartered Accountants in Australia and New Zealand and an associate member of the Governance Institute of Australia.  Ms Ross is currently a Director of a corporate advisory company based in Perth that provides corporate and other advisory services to public listed companies.  She is the Company Secretary for Celsius Resources Ltd (ASX: CLA), Great Boulder Resources Ltd (ASX: GBR) and Antilles Oil and Gas NL (ASX: AVD).

 


Last updated 27th May 2019

Registered Office

Level 2, 22 Mount Street
Perth WA 6000
Australia


Postal Address

PO Box 7054
Cloisters Square
Perth WA 6850

Phone: +61 8 6188 8181
Fax: +61 8 6188 8182
Email: [email protected]

 


Last updated 27th May 2019

DIRECTORS

Alexander Molyneux
Executive Chairman

Brendan Borg
Non-Executive Director

Melanie Ross
Non-Executive Director & Company Secretary


REGISTERED OFFICE

Level 2, 22 Mount Street
Perth WA 6000

Phone: +61 8 6188 8181
Fax: +61 8 6188 8182

Email: [email protected]usresources.com.au
Website: www.tempusresources.com.au


AUDITORS

RSM AUSTRALIA PARTNERS
Level 32, Exchange Tower
2 The Esplanade
Perth WA 6000


SHARE REGISTRY

AUTOMIC
Level 2, 267 St Georges Terrace
Perth WA 6000


SOLICITORS

STEINEPREIS PAGANIN
Level 4, The Read Buildings
16 Milligan Street
Perth WA 6000


ASX CODE

TMR

 


Last updated 27th May 2019

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