Option Agreement Secured Over High-Grade Gold and Copper Assets in Papua New Guinea
Taruga Minerals Limited (ASX: TAR) has entered into a 12-month option agreement to acquire 100% of two advanced and highly prospective gold and copper projects in Papua New Guinea, being the East Normanby gold project and the Kol Mountain copper-gold project. The East Normanby project covers 491km² on Normanby Island and hosts the Weioko gold deposit, where extensive historical drilling has outlined thick, high-grade gold intersections, with mineralisation remaining open at depth and along strike.
The Kol Mountain project spans 123km² on New Britain Island and comprises multiple porphyry, skarn and shear-hosted gold targets, including the Esis, Bukuam and Kapea prospects, supported by historical drilling and prior exploration by major mining companies. To support advancement of the portfolio, Taruga has completed an AU$1.5 million placement led by Discovery Capital, with directors committing AU$600,000. An experienced PNG-focused geologist will be engaged to assist with in-country transition and exploration execution, positioning the Company for high-impact exploration outcomes.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Option Agreement Secured Over High-Grade Gold and Copper Assets in Papua New Guinea
Taruga Minerals Limited (ASX: TAR) has entered into a 12-month option agreement to acquire 100% of two advanced and highly prospective gold and copper projects in Papua New Guinea, being the East Normanby gold project and the Kol Mountain copper-gold project. The East Normanby project covers 491km² on Normanby Island and hosts the Weioko gold deposit, where extensive historical drilling has outlined thick, high-grade gold intersections, with mineralisation remaining open at depth and along strike.
The Kol Mountain project spans 123km² on New Britain Island and comprises multiple porphyry, skarn and shear-hosted gold targets, including the Esis, Bukuam and Kapea prospects, supported by historical drilling and prior exploration by major mining companies. To support advancement of the portfolio, Taruga has completed an AU$1.5 million placement led by Discovery Capital, with directors committing AU$600,000. An experienced PNG-focused geologist will be engaged to assist with in-country transition and exploration execution, positioning the Company for high-impact exploration outcomes.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au