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Taruga Minerals Limited (ASX:TAR)

ALERT: Price-sensitive ASX Announcement for TAR
Current share price for TAR : $0.020 0.001 (2.56%)+
Announcement
Release
29 Jun 2026 9:05AM
Price at Release
$0.020
Full Release
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Summary
Taruga Minerals Limited announced progress in their field exploration programs at the Agadul Priority Targets within the Kol Mountain Project in Papua New Guinea. The focus is on advancing the Agadul (Bukuam) copper-gold porphyry target and the Kapea Shear Zone. The company is utilizing lithostructural interpretations from Southern Geoscience Consultants to identify and validate exploration targets, with visible sulphide mineralisation found in initial rock chip samples. Historical surface sampling revealed high-grade gold, and current activities aim to refine and prioritize drill targets. The exploration is supported by local community contractors, highlighting robust local engagement.
Key Points
  • Field teams and contractors are advancing exploration at Agadul (Bukuam) copper-gold porphyry target and Kapea Shear Zone.
  • The exploration is part of Taruga's first active field program at Kol Mountain Project in Papua New Guinea.
  • Southern Geoscience Consultants provided lithostructural interpretation identifying targets for exploration.
  • Visible sulphide mineralisation has been found in rock chip samples with assays pending.
  • Historical sampling has shown high-grade gold, with results indicating open systems at depth.
  • Agadul (Bukuam) Porphyry target is a 4.8km anomaly that has not been drill tested.
  • Additional geological mapping and sampling are ongoing to refine drill targets across Agadul and EL 2513.
  • Community engagement continues with local contractors involved in exploration activities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.