Taruga Minerals Limited · ASX:TAR
Taruga Minerals — PDAC 2023 (Australian Minerals Seminar)
17 slides from Taruga Minerals's conference presentation, Mar 6, 2023
Slide 1: ASX Announcement: Taruga PDAC Presentation
ASX ANNOUNCEMENT 6/3/2023 Taruga PDAC Presentation For personal use only Taruga Minerals Limited (ASX: TAR, Taruga or the Company) is pleased to provide a copy of the investor presentation that Thomas Line is presenting at the Australian Minerals Seminar, at the Prospectors and Developers Associatio
Slide 2: Future Facing Metals in South Australia
For personal use only Future Facing Metals in South Australia PDAC Presentation March 2023
Slide 3: Corporate Overview
CORPORATE OVERVIEW Focus on Rare Earth Elements & Copper in SA Share Price and Volume (Dec 2022 - March 2023) For personal use only Capitalisation Data(1) $0.017 690M A$0.65M Share Price Basic S/O Receivables (3) ~$12M $4.1M ~$7.9M Market Cap Net Cash(2) EV Board & Management THOMAS LINE GARY STEINE
Slide 4: Rare Earths & Copper in SA
RARE EARTHS & COPPER IN SA Land of Copper Giants, Emerging REE Province For personal use only Great infrastructure (power, rail and ports) Mt Craig Project Clay Hosted REEs (1500km2 100% TAR) • A new high-value REE province is being uncovered by Taruga, in the underexplored Adelaide Fold Belt • Meta
Slide 5: Mt Craig Project
For personal use only MT CRAIG PROJECT High-Grade REEs & Copper 4
Slide 6: Project Summary: Mt Craig Project
PROJECT SUMMARY MT CRAIG PROJECT (100% TAR) For personal use only Clay-hosted rare earth elements and copper • Large 1,500km2 project (100% TAR) • Dominated by a 34km long major structure and outcropping diapiric breccia system • 34km of prospective strike (REEs and copper discovered) • Taruga ‘owns
Slide 7: Morgan's Creek REEs
For personal use only MORGAN’S CREEK REEs High grade REEs from surface • REE mineralisation from surface to end of hole • Long strike • High basket value + high grade • Heavy REE and magnet REE dominate • Low deleterious elements • Thick mineralisation Example highlight: 43m @ 1,687ppm TREO from sur
Slide 8: Distribution of Rare Earth Oxide Elements
DISTRIBUTION OF RARE EARTH OXIDE ELEMENTS For personal use only MORGAN’S CREEK Outstanding basket and advanced metallurgy • Exceptional Basket and positive initial metallurgy • High MREO (Nd + Pr + Dy + Tb) content of 34% MREO • High Tb and Dy content well above peer average • Very high NdPr content
Slide 9: Morgan's Creek Flowsheet Optimisation Underway
For personal use only MORGAN’S CREEK Flowsheet optimisation underway • Flowsheet optimisation (Q1 – Q2 2023): • ANSTO acid leach testwork and mineralogical analysis • Review of processing and beneficiation options including leaching and flotation • Further exploration drilling Investment decision to
Slide 10: Heavy Rare Earths Offer a Competitive Advantage
For personal use only Heavy Rare Earths Offer a Competitive Advantage China currently dominates the global supply of REE, specially the Despite Chinese dominance, the Asian giant Heavy Rare Earth Elements has be unable to lift HREE quotas Production LREE HREE Total China HREE Production(1) Quotas (T
Slide 11: Flinders Copper Project
For personal use only FLINDERS COPPER PROJECT Iron-Oxide-Copper-Gold (IOCG) 10
Slide 12: Project Summary: Flinders Cu Projects
PROJECT SUMMARY FLINDERS Cu PROJECTS For personal use only IOCG-style Cu targets over 15km of strike • Well defined drill targets over 15km of strike at Flinders • ~ 1500km2 land position on the eastern margin of the Gawler Craton • Outstanding infrastructure: Power and Rail on lease • Outcropping h
Slide 13: Flinders Copper Project: Surface Mineralisation
For personal use only FLINDERS COPPER PROJECT Surface mineralisation over a strike-length of 15km • Priority-1 prospects: Woolshed and Jenkins contain well- defined drill-ready targets with tracks and drill pads already established • Only known IOCG project with outcropping IOCG mineralisation in SA
Slide 14: Flinders Copper Project: Jenkins Prospect
For personal use only FLINDERS COPPER PROJECT Jenkins Prospect • Several large magnetic and gravity anomalies with coincident overlying copper mineralisation and soils/auger geochem anomalism • Hematite and magnetite altered volcanic breccias sub cropping • The only 2 historical drillholes drilled o
Slide 15: Take Home Messages
For personal use only TAKE HOME MESSAGES • Strong cash position of ~ $4.1M • Strong portfolio of Future Facing Metals (copper and REEs) in a proven world-class mineral field • Low-cost exploration model (targets near surface) • Discovery focussed active explorers with a strong ESG framework • REE Fl
Slide 16: Competent Person Statement & Disclaimer
Competent Person Statement & Disclaimer The information contained in this presentation has been prepared by Taruga Minerals Limited (Company). For personal use only Competent Person Statement The information in this report that relates to exploration results is based on, and fairly represents inform
Slide 17: Contact
For personal use only Contact Thomas Line Chief Executive Officer Thomas.line@tarugaminerals.com.au +61 8 9486 4036 Website: www.tarugaminerals.com.au LinkedIn: taruga-minerals-limited Twitter: @MineralsTaruga
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