TEMPEST MINERALS LIMITED — Capital/Financing Update 2025

Jun 24, 2025

ASX: TEM

2025–06-25 | Completion of Shortfall Offer

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TEM | Completion of Shortfall Offer

Further to the Company’s announcement dated 10 June 2025, Tempest Minerals Limited ASX: TEM ) (“ Tempest ” or the “ Company ”) is pleased to announce that it has completed the placement of the Shortfall arising from the pro-rata non-renounceable Entitlement offer ( Offer ) offered on the basis of one fully paid ordinary share (“ New Shares ”) in the Company for every two (2) Shares held at an issue price of $0.004 per New Share (together with free-attaching options exercisable at $0.01 on or before 31 May 2027 to be issued on the basis of one (1) option for every four (4) New Shares issued) (“ New Options ”).

Tempest has successfully completed the placement of 223,992,138 New Shares and 55,998,034 New Options available under the shortfall arising from the Offer (“ Shortfall Offer ”), which closed on 3 June 2025.

Under the terms of the Offer Issue as outlined in section 1.8 of the Prospectus, the Directors allocated the Shortfall at their discretion in consultation with the Lead Manager (Cygnet Capital Pty Limited (AFSL 241095) (Cygnet)) to various parties introduced by Cygnet who previously expressed potential interest in taking up the Shortfall.

The Shortfall Offer, together with the Offer, has raised approximately $1,469,061 (before costs) through the issue of a total of 367,265,205 New Shares and 91,816,352 New Options. Details of the results are as follows:

Entitlement Offer to Shareholders	Entitlement Offer to Shareholders	Entitlement Offer to Shareholders	Entitlement Offer to Shareholders
	No. of New Shares	No. of New Options	Gross Proceeds ($)
Securities available under the Offer	367,265,205	91,816,352	$1,469,061
Securities applied for and accepted under the Offer	127,346,411	31,836,644	$509,386
Oversubscriptions accepted under the Offer	15,926,656	3,981,674	$63,707
Securities available under the Shortfall	223,992,138	55,998,034	$895,968

For managing the Placement and the Offer, including the Shortfall Offer, Cygnet has, as part of its compensation, been issued 28,035,912 options exercisable at $0.01, expiring on or before 31 May 2027 at an issue price of $0.00001 ( Options ). The Options were issued under Listing Rule 7.1.

Tempest would like to thank all shareholders for their support and are excited to further progress our exploration at our Western Australian projects.

An Appendix 2A and Appendix 3G will be lodged following release of this announcement in relation to the application for quotation of the abovementioned securities.

The Board of the Company has authorised the release of this announcement to the market.

Tempest Minerals Ltd │ ACN 612 008 358

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Phone: +61 8 9200 0435 Address: Level 2, Suite 9, 389 Oxford Street, Mt Hawthorn, WA 6016

ASX: TEM

2025–06-25 | Completion of Shortfall Offer

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About TEM

Tempest Minerals Ltd is an Australian based mineral exploration company with a diversified portfolio of projects in Western Australia considered highly prospective for precious, base and energy metals. The Company has an experienced board and management team with a history of exploration, operational and corporate success.

Tempest leverages the team’s energy, technical and commercial acumen to execute the Company’s mission - to maximise shareholder value through focused, data-driven, risk-weighted exploration and development of our assets.

Investor Information

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investorhub.tempestminerals.com

TEM welcomes direct engagement and encourages shareholders and interested parties to visit the TEM Investor hub, which provides additional background information, videos and a forum for stakeholders to communicate with each other and with the company.

Contact

For more information, please contact: Don Smith Managing Director

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Level 2, Suite 9 Website Instagram 389 Oxford Street Mt Hawthorn, LinkedIn Twitter Western Australia 6016 Youtube Facebook +61 892000435

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