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Taruga Minerals Limited (ASX:TAR)

ALERT: Price-sensitive ASX Announcement for TAR
Current share price for TAR : $0.022 0.003 (15.79%)+
Announcement
Release
4 Aug 2026 8:21AM
Price at Release
$0.019
Full Release
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Summary
Taruga Minerals Limited has released promising results from its preliminary metallurgical testwork at the Weioko Gold Deposit, part of the East Normanby Gold Project in Papua New Guinea. The findings indicate the gold at Weioko is free-milling and can be effectively processed using a conventional gravity and cyanidation method, with high gold extraction rates of 92.6% for low-grade and 96.3% for high-grade samples. Silver recovery rates were also significant, at 92.2% and 87.4% respectively. These results, achieved with low reagent consumption, provide technical confidence for Taruga Minerals as it prepares for its maiden drilling campaign. The testwork, conducted by ALS Metallurgy and reviewed by Metcor Pty Ltd, supports the feasibility of a straightforward processing strategy for the project.
Key Points
  • Taruga Minerals Limited (ASX: TAR) reports successful preliminary metallurgical testwork at the Weioko Gold Deposit.
  • The results indicate Weioko gold is free-milling with high gold extraction rates of 92.6% and 96.3% from low-grade and high-grade samples.
  • Testwork confirms a simple conventional gravity and cyanidation processing route.
  • Silver extraction rates of 92.2% and 87.4% further complement the gold findings.
  • The results support the planned maiden drilling campaign by Taruga Minerals.
  • Testwork was carried out by ALS Metallurgy in Western Australia and reviewed by Metcor Pty Ltd.
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.