Tempest Minerals Limited (ASX:TEM) entered into an agreement to acquire Exploration licence 69/3884 from Mac3 Pty Ltd for AUD 0.1 million on July 20, 2023. Under the terms of agreement, Tempest Minerals will pay AUD 64,000 in fully paid ordinary shares and AUD 36,000 in cash. The transaction is expected to close in Q3 2023.

The transaction is subject to the satisfactory completion of legal, financial, environmental and technical due diligence by Tempest Minerals on July 31, 2023 and obtaining any necessary shareholder, regulatory and other third party consents or approvals.