Taruga Minerals Limited · ASX:TAR
Taruga Minerals — Investor Presentation (December 2022)
20 slides from Taruga Minerals's investor presentation, Dec 6, 2022
Slide 1: Defining Maiden JORC REE-Clay Resource at Morgans Creek
For personal use only Defining Maiden JORC REE- Clay Resource at Morgans Creek Melbourne Investor Presentation December 06 2022
Slide 2: Corporate Overview
CORPORATE OVERVIEW Focus on Rare Earth Elements & Copper in SA Share Price and Volume (Jul - Dec 2022) For personal use only Capitalisation Data(1) $0.038 690M A$0.65M Share Price Basic S/O Receivables (3) ~$27M $5.4M ~$21.6M Market Cap Net Cash(2) EV Board & Management THOMAS LINE GARY STEINEPREIS
Slide 3: Rare Earths Critical for Multiple High Value Products
For personal use only Rare Earths Critical for Multiple High Value Products Rare Earths are essential to obtain high-performance with the lowest amount of energy PRIMARY USES OTHER RELEVANT USES Electric Vehicles • Defence • E-Trains • Increased range autonomy • Aerospace • Robotics • Better use of
Slide 4: 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 5: Transition to Green Energy Technologies will drive Exponential Demand
Transition to Green Energy Technologies will For personal use only drive Exponential Demand Global EVs demand will grow at CAGR 30% from 2021 to Off-Shore Wind Turbines installations will grow at 2030* CAGR 20% from 2021 to 2030** EVs adoption rate (US, EU, China) Offshore wind installations by regi
Slide 6: Rare Earths & Copper in SA
RARE EARTHS & COPPER IN SA JORC REE Resource Drilling to Commence Q1 2023 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 • Co
Slide 7: Mt Craig Project
For personal use only MT CRAIG PROJECT High-Grade REEs & Copper 7
Slide 8: 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) • The largest diapiric breccia system in Australia – the Worrumba Diapir (endowed with high value magnet REEs and copper) • 34km of prospective strike (RE
Slide 9: Morgan's Creek REE's
For personal use only MORGAN’S CREEK REE’S New Discovery –Advancing to JORC Resource • REE mineralisation from surface to end of hole • Long strike • High basket value • Heavy REE and magnet REE dominate • Low deleterious elements • Thick mineralisation • Strong project fundamentals 9
Slide 10: Morgan's Creek REE's
For personal use only MORGAN’S CREEK REE’S New Discovery –Advancing to JORC Resource • Multiple holes ended in high grade mineralisation • RC drilling planned to expand the mineralised zone and test for base of mineralisation 10
Slide 11: Distribution of Rare Earth Oxide Elements
DISTRIBUTION OF RARE EARTH OXIDE ELEMENTS For personal use only MORGAN’S CREEK REE basket - Standing Out from the Pack • Exceptional Basket and positive initial metallurgy • High MREO (Nd + Pr + Dy + Tb) content (34% MREO average) above the 25% MREO market average compared to peers • High Tb2O3 and
Slide 12: Morgan's Creek Next Steps
For personal use only MORGAN’S CREEK Next Steps • Metallurgical work with ANSTO to optimize a commercial flowsheet • Next phase of drilling (RAB and RC) • Define maiden JORC resource at Morgans Creek, targeting Yednalue formation (2023) • Maiden JORC resource by Q4 2023 (6,000 - 8,000m RAB + RC) • R
Slide 13: Flinders Project
For personal use only FLINDERS PROJECT Iron-Oxide-Copper-Gold (IOCG) Cu-Au-Ag 13
Slide 14: Flinders & Torrens IOCG Projects
PROJECT SUMMARY FLINDERS & TORRENS IOCG PROJECTS For personal use only High-grade IOCG targets over 15km of strike • Well defined drill targets over 15km of strike at Flinders • ~ 1500km2 land position • Power and Rail on lease • Outcropping high-grade IOCG breccias (Cu-Au-Ag) supported by strong gr
Slide 15: Flinders IOCG Project
For personal use only FLINDERS IOCG PROJECT Surface mineralisation over a strike-length of 15km • The Flinders Project sits on the eastern margin of the Gawler Craton and is dominated by a series of major thrusts and faults • Priority-1 prospects – Woolshed and Jenkins • Cu-Au-Ag mineralised hematit
Slide 16: Why Invest Now? Upcoming Catalysts
For personal use only WHY INVEST NOW? UPCOMING CATALYSTS • ANSTO metallurgical test results (early Dec) • JORC resource drilling at Morgans Creek (early Q1 2023) • Phase 2 REE drilling assay results (mid-late Q1) • Phase 2 metallurgical sample results (ANSTO) (late Q1) • Regional REE exploration + d
Slide 17: Take Home Messages
For personal use only TAKE HOME MESSAGES • Strong cash position of ~$5.4M • New REE discovery – working toward JORC in 2023 • REEs have very high MREO and HREO content (standout) • Pipeline of regional REE and Copper targets • Strong land position ~ >4000km2 • Large unexplored strike with significan
Slide 18: Appendix
For personal use only APPENDIX Appendix
Slide 19: 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 20: 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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