Annuncio • Nov 23

Taruga Minerals Limited Announces Auger Results At Jenkins South & Drilling Update at Flinders IOCG Project, SA

Taruga Minerals Limited announced that near surface mineralisation has been identified from the auger drilling at Jenkins South. Newly identified outcropping breccias on surface in the area further reported Cu grades up to 0.6% Cu and vanadium grades of up to 0.23% V, the latter indicating deep seated hydrothermal fluid flow associated with mineralisation. Anomalous soils and rock chips collected to date have defined an anomaly which covers more than 1km of the magnetic anomaly at Jenkins South. The auger drilling program will continue once the Company has finalised the voluntary heritage agreement which is currently being completed with Traditional Owners. Taruga planned and commenced drilling in areas of Private Land (perpetual Leasehold) in areas where there is no Native Title land and no recorded or reported Aboriginal heritage sites. Out of respect for the Traditional Owners of the land Taruga is proceeding into a voluntary heritage agreement in order to continue with its ongoing work programs at Woolshed and Jenkins Prospects. Auger results have been received from limited auger drilling at Jenkins South. Best results were from calcareous breccias which reported 2m at 2,045ppm Cu in hole JKAUG017 and were anomalous to end of hole at 5m. The weathered dolerite intersected in JKAUG001 was also anomalous to end of hole at 7.5m and reported 7m at 409ppm Cu, 25ppb Pt+Pd and 12ppb Au with intense Miox alteration apparent. Carbonate boulders/clasts on surface in the auger area reported results of 0.4% Cu to 0.6% Cu contained visible chalcopyrite, chalcocite, malachite (Figures 4, 5, 6 and 7) along with minor bornite. The north-south section clearly shows copper anomalism within 2 discrete zones which are coincident with the projected northern and southern contacts of the strong magnetic anomaly shown at Jenkins South. Both zones are open in all directions, to the north and south and on strike to the west and east where the magnetic anomaly has been defined over 2km. Stream sediment samples and iron breccia float along the southern contact of the magnetic anomaly located 1.5km to the west of the auger drilling reported anomalous copper (up to 250ppm), very strong vanadium (up to 2,060ppm), LREE (up to 237ppm), silver (up to 320 ppb) and gold (up to 30ppb). Magnetite sampled in streams along this contact returned high purity results, with magnetite grading up to 68% Fe. Vanadium and pure magnetite are both indicative of a high temperature heat source which together with associated path finder elements are supportive of mineralisation in an IOCG system. The auger drilling program will re-commence with full coverage of the magnetic anomaly on completion of the survey and completion of a heritage agreement. The auger program is expected to better define drilling target zones which will be tested once the Aircore drilling has been completed at Woolshed and Metabase. Recent rock chips collected at Metabase further highlighted the gold potential at Woolshed/Metabase where an exposed carbonate breccia reported 11.3% Cu, 0.9ppm Au and 2.8ppm Ag in WK0664. The highest gold grades reported at Woolshed previously were 4.73ppm Au from sample WK076 and 1.3ppm Au from sample WK067. The true gold potential will only be realised from drilling results once the program re-starts at Woolshed/Metabase. Laboratory results have been received for the 7 completed Aircore holes at Woolshed which confirm encouraging copper and silver anomalism associated with the Mt Stephen Thrust at depth. Given only a small percentage of the planned drill holes have been completed, the Company will wait until completion of the program before releasing Aircore results for the Woolshed Prospect. The early stages of this maiden drilling campaign are essential in gathering information such as styles of mineralisation, geometry and lithological associations that may impact the ultimate design of the remaining 22 planned holes at Woolshed. The Company announced on the 26th of October that it had to temporarily halt drilling operations due to weather and a community enquiry from Traditional Owners. The decision has been made to maintain the drilling halt while we continue engagement with local Traditional Owners and conduct a further site visit and survey. Discussions are progressing well and the Company is working with the Traditional Owners to finalise a heritage agreement which recognises the Traditional Owners interest in this land, which falls outside of Native Title boundaries in areas of perpetual leasehold (Private Land), and a date for the survey and subsequent recommencement of drilling. The Flinders and Torrens Projects cover the Gawler Craton in a similar structural setting as the nearby Olympic Dam and Carrapateena deposits. Flinders is unique in that IOCG-style mineralisation has been mapped and sampled at surface and not under several hundred metres of sedimentary cover, as is often the case within the highly prospective G2 structural Corridor shown in Figure 10. Mineralisation usually occurs in intrusive breccias hosted within structures that crosscut the dominant marine metasediments within the prospect area. The breccia often contains clasts of altered mafic volcanics that can be mapped for over 15km along the dominant Mt Stephen Thrust (MST) and at Jenkins North. Sub-structures and fault splays which branch out from the MST have been proven to contain high-grade copper mineralisation, indicating the potential for a larger "fluid system" or mineralised network beneath the surface. The Mt Craig Copper Project (MCCP) is situated within the Adelaide Geosyncline (AGS), which also lies within the G2 structural corridor. The AGS has hosted over 800 historic copper mines or workings, and multiple polymetallic mines since the 1840's. Copper-gold associations are common within the AGS, with many of the old copper mining ventures not recognising the presence of gold. Modern exploration has continued to uncover significant large-scale, polymetallic, base and precious metal potential around historic mining regions within the AGS, which have undergone limited exploration and development since initial mining ceased in the late 1800's.

Percentuale dello stipendio del CEO	n/a
Mandato del CEO	no data
Proprietà del CEO	n/a
Durata media del management	Nessun dato
Durata media del Consiglio di amministrazione	5.8yrs

Nome	Posizione	Mandato	Compensazione	Proprietà
David Chapman	Non-Executive Director	4.6yrs	AU$54.00k	1.11% A$ 209.6k
Eric de Mori	Independent Non-Executive Director	5.8yrs	AU$54.00k	7.85% A$ 1.5m
Paul Cronin	Independent Non-Executive Chairman	5.8yrs	AU$24.00k	5.05% A$ 950.7k

Dati	Ultimo aggiornamento (ora UTC)
Analisi dell'azienda	2026/05/27 03:52
Prezzo dell'azione a fine giornata	2026/05/27 00:00
Utili	2025/12/31
Utili annuali	2025/06/30

Pacchetto	Dati	Tempistica	Esempio Fonte USA ^*
Dati finanziari della società	10 anni	Conto economico Rendiconto finanziario Bilancio	Modulo SEC 10-K Modulo SEC 10-Q
Stime di consenso degli analisti	+3 anni	Previsioni finanziarie Obiettivi di prezzo degli analisti	Rapporti di ricerca degli analisti Blue Matrix
Prezzi di mercato	30 anni	Prezzi delle azioni Dividendi, scissioni e azioni	Dati di mercato ICE Modulo SEC S-1
Proprietà	10 anni	Top azionisti Insider trading	Modulo 4 SEC Modulo 13D SEC
Gestione	10 anni	Team di leadership Consiglio di amministrazione	Modulo SEC 10-K Modulo SEC DEF 14A
Sviluppi principali	10 anni	Annunci aziendali	Modulo 8-K SEC

Taruga Minerals Gestione

Criteri Gestione verificati 1/4

Informazioni chiave

Aggiornamenti recenti sulla gestione

Taruga Minerals Limited, Annual General Meeting, Nov 28, 2025

Taruga Minerals Limited Announces Board Changes

Taruga Minerals Limited, Annual General Meeting, Nov 22, 2024

Taruga Minerals Limited, Annual General Meeting, Nov 29, 2023

Taruga Minerals Limited Announces Resignation of Thomas Line as CEO

No independent directors

Recent updates

First half 2026 earnings released: AU$0.003 loss per share (vs AU$0.001 loss in 1H 2025)

New minor risk - Shareholder dilution

Taruga Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.

Taruga Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.

Full year 2025 earnings released: AU$0.001 loss per share (vs AU$0.015 loss in FY 2024)

Taruga Minerals Limited, Annual General Meeting, Nov 28, 2025

New major risk - Share price stability

Taruga Minerals Limited (ASX:TAR) has exercised its option to acquire Thowagee Project of Western Silver Pty Ltd for AUD 0.09 million.

Taruga Minerals Limited Commences Exploration at Thowagee Gascoyne WA

First half 2025 earnings released: AU$0.001 loss per share (vs AU$0 in 1H 2024)

Taruga Minerals Limited has announced a Derivatives Offering in the amount of AUD 0.176507 million.

Taruga Minerals Limited Announces Board Changes

New major risk - Revenue and earnings growth

New minor risk - Financial data availability

Taruga Minerals Limited, Annual General Meeting, Nov 22, 2024

First half 2024 earnings released: EPS: AU$0 (vs AU$0.001 loss in 1H 2023)

Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2022)

Taruga Minerals Limited, Annual General Meeting, Nov 29, 2023

First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2022)

Taruga Minerals Limited Announces Resignation of Thomas Line as CEO

Taruga Minerals Limited Announces the Initial Metallurgical Test Results from Acid Leach Trials Conducted by Leading Rare Earth Research and Testwork Facility Ansto Minerals

No independent directors

Taruga Minerals Limited Announces Exceptional Rare Earth Drill Results at Morgans Creek

Taruga Minerals Limited Announces the First Batch of Assays Have Been Returned for the Rare Earth Focussed Drilling Program At Morgans Creek

Full year 2022 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in FY 2021)

Taruga Minerals Limited, Annual General Meeting, Nov 24, 2022

Taruga Minerals Limited Completes Drilling Campaign At Morgans Creek

Taruga Minerals Limited Announces Rare Earth Drilling Commenced At Mt Craig

Taruga Minerals Limited Announces Successful Bid for Martins Well Project

Taruga Minerals Limited Announces Initial Drill Targets for A Rotary Air Blast (RAB) Drilling Campaign Have Been Defines At Morgans Creek, Within the Mt Craig Project

Taruga Minerals Limited Announces Exceptional REE Recoveries Continue At Morgans Creek

Taruga Minerals Limited Announces Commencement of Auger Drilling on REE & Copper Targets At Mt Craig Project

Estimating The Intrinsic Value Of Taruga Minerals Limited (ASX:TAR)

Taruga Minerals Limited Updates on the Results of Analytical Testwork Completed on Drill Samples from the 2021 RC Drilling Program

Now 20% undervalued after recent price drop

No independent directors

Taruga Minerals Limited Presents Update on Manjimup Project in the Balingup Metamorphic Terrane of the Southwest of Western Australia

Taruga Minerals Limited, Annual General Meeting, Mar 30, 2022

Taruga Minerals Limited announced that it has received AUD 2 million in funding

Taruga Minerals Limited announced that it expects to receive AUD 2 million in funding

Full year 2021 earnings released: AU$0.004 loss per share (vs AU$0.006 loss in FY 2020)

We're Not Very Worried About Taruga Minerals' (ASX:TAR) Cash Burn Rate

Taruga Minerals Limited Provides an Update on Manjimup Precious and Base Metal Project, Western Australia

Taruga Minerals Limited Provides Exploration Update from Morgan's Creek Copper Prospect

Taruga Minerals Limited Provides Exploration Update from Wyacca Copper Prospect

Taruga Minerals Limited Announces Drilling Commences At Morgans Creek Copper Prospect

Non-Executive Director recently bought AU$60k worth of stock

Taruga Minerals Ltd Announces New Mineralised Zone and Strike Expansion at Wyacca

Taruga Minerals Limited Announces Drill Targets Confirms At Birthday Ridge Cu Prospect

Taruga Minerals Ltd Announces Drill Targets Confirmed At Morgans Creek Cu Prospect

Taruga Minerals Limited Announces That RC Drilling Re-Commenced at Wyacca Copper Prospect, MCCP

Taruga Minerals Limited Announces Update on Mt Craig Copper Project

Taruga Minerals Limited Secures $325,000 Adi Grant, Mt Craig Copper Project

Taruga Minerals Limited (ASX:TAR) exercised an option to acquire Strikeline Resources Pty Ltd from Thomas Line and Mark Freeman.

We're Hopeful That Taruga Minerals (ASX:TAR) Will Use Its Cash Wisely

Non-Executive Director has left the company

Non-Executive Director has left the company

Taruga Minerals Limited Announces Results from Wyacca Prospect, Mt Craig Copper

Taruga Minerals Limited Provides Flinders Heritage Clearance Update

Taruga Minerals Limited Provides Update on Manjimup Base Metal Project, Western Australia

Taruga Minerals Limited Provides an Update on Land Access At the Woolshed and Jenkins Prospects in the Northern Portion of the Flinders Project, South Australia

Taruga Minerals Limited Announces Auger Results At Jenkins South & Drilling Update at Flinders IOCG Project, SA

Taruga Minerals Limited Commences Drilling at Flinders IOCG Project, SA

Taruga Minerals Limited Announces Resignation of Sylvia Foong as Joint Company Secretary

Taruga Minerals Limited Provides Gravity Modelling and Drilling Update At Flinders IOCG Project, SA

Taruga Minerals Limited Announces Drilling to Commence At Flinders IOCG Project, Sa

Full year earnings released - AU$0.0062 loss per share

Taruga Minerals Limited announced that it has received AUD 4 million in funding

Taruga Minerals Limited announced that it expects to receive AUD 4 million in funding