Taruga Minerals Limited · ASX:TAR
Taruga Minerals — Investor Presentation (December 2025)
24 slides from Taruga Minerals's investor presentation, Dec 15, 2025
Slide 1: East Normanby Gold Project & Kol Mountain Copper-Gold Project Investor Presentation
Papua New Guinea For personal use only East Normanby Gold Project & Kol Mountain Copper-Gold Project Investor Presentation December 2025
Slide 2: Corporate Overview
Corporate Overview Focus on Au-Cu Acquisition Opportunity in PNG Share Price and Volume (Nov 24 – Nov 25) For personal use only Capitalisation Data(1) 0.016 6,000,000 0.014 $0.01 $803M 5,000,000 0.012 $5.7M Share Price (as at Basic S/O (proforma excludes 4,000,000 0.01 10/12/15) Director participati
Slide 3: Competent Person Statement & Disclaimer
Competent Person Statement & Disclaimer The information contained in this presentation has been prepared by Taruga Minerals Limited (Company). Competent Person Statement For personal use only The information in this report that relates to exploration results is based on, and fairly represents inform
Slide 4: Investment Highlights
Investment Highlights Transformational acquisition: 12-month option to acquire 100% of two PNG assets (East For personal use only Normanby & Kol Mountain) Dual-commodity exposure: High-grade gold + Tier-1 scale porphyry Cu-Au upside Significant historical drilling: 67 holes at Weioko gold deposit (E
Slide 5: Two Advanced Gold-Copper Exploration Projects, PNG
Two Advanced Gold-Copper Exploration Projects, PNG For personal use only Normanby Island: Normanby Gold Project 491km² tenement package; Weioko gold deposit with 67 drill holes (5,792m). Multiple high-grade trench and drill results with open mineralisation. East New Britain Island: Kol Mountain (Cop
Slide 6: Why PNG? A Tier-1 Mining Jurisdiction
Why PNG? A Tier-1 Mining Jurisdiction Simberi (8 Moz) Lihir World-Class Endowment: For personal use only (87 Moz) PNG hosts tier-1 gold–copper Frieda River systems (Lihir, Porgera, Ok (19 Moz) (8.6 Mt) Feni Tedi, Wafi-Golpu). (0.7 Moz) Mining-Friendly Legal Ok Tedi Porgera/Waruwari Framework: Westmi
Slide 7: East Normanby Gold Project
For personal use only East Normanby Gold Project East Normanby December 2025 | Taruga Investment Presentation | ASX:TAR 7
Slide 8: East Normanby Gold Project
East Normanby Gold Project Highly Prospective Gold Project − Multiple Discovery Targets For personal use only • Dominates 40km long epithermal gold belt, located on Normanby Island. • Features the Weioko Gold Deposit (67 drill holes, 5,792m) plus multiple satellite prospects. • Ideal geological sett
Slide 9: Weioko Gold Deposit – Location & Access
Weioko Gold Deposit – Location & Access • High-grade outcropping gold mineralisation at Weioko with several For personal use only kilometers of strike. • Reliable track access directly to the deposit area. • Coast Barge, enabling easy transport equipment, supplies & drill rigs. • Historical drilling
Slide 10: East Normanby: Weioko Gold Deposit
•. East Normanby: Weioko Gold Deposit Shallow, High-Grade Mineralisation with significant Growth Potential For personal use only • Consistent high-grade trenching and drilling from surface confirms a shallow, laterally extensive epithermal system. • Multiple drill holes end in mineralisation, open a
Slide 11: East Normanby: Weioko Gold Deposit
East Normanby: Weioko Gold Deposit For personal use only Image: Weioko Deposit trench location map Image: Weioko Gold Deposit SW/NE Cross Section of Historical Drilling Intercepts December 2025 | Taruga Investment Presentation | ASX:TAR 11
Slide 12: East Normanby: District Scale Prospects
East Normanby: District Scale Prospects Additional East Normanby Prospects For personal use only Sipupu: Epithermal gold system with no exploration since 1987. 36 g/t Au peak rock chip; >1.6 km long gold-in-soil anomaly. Lataona Hill: 900m × 250m Au soil anomaly. Trenching results include 356m @ 0.2
Slide 13: East Normanby: Gwamogwamo Copper-Gold Prospect
East Normanby: Gwamogwamo Copper-Gold Prospect High-Grade Copper-Gold, Near-Surface Mineralisation For personal use only • 1.5 km N–S trending zone with structurally controlled semi-massive sulphides and four gossan zones. • Soil sampling & trenching defined a 350 m copper–zinc soil anomaly (>400 pp
Slide 14: Kol Mountain – Copper-Gold Porphyry
For personal use only Kol Mountain Kol Mountain − Copper-Gold Porphyry December 2025 | Taruga Investment Presentation | ASX:TAR 14
Slide 15: Kol Mountain Copper-Gold Porphyry
Kol Mountain Copper-Gold Porphyry Large-Scale, Proven Porphyry System For personal use only • Covering ~123km2 on New Britain Island. • Historic exploration: including 37 holes for 8,620m by BHP, Rio Tinto & Ok Tedi – confirms 1km+ mineralised strike with open extensions (Esis). • Contains Esis Porp
Slide 16: Kol Mountain: Esis Porphyry Copper Prospect
Kol Mountain: Esis Porphyry Copper Prospect Esis Porphyry- Strong Historical Drill Results For personal use only • Long copper intercepts from surface, limited gold assays. • 222m @ 0.38% Cu; 184m @ 0.30% Cu; 274m @ 0.30% Cu. • Several holes ended in mineralisation, including a near surface supergen
Slide 17: Kol Mountain: Bukuam Copper-Gold Prospect
Kol Mountain: Bukuam Copper-Gold Prospect Bukuam Cu-Au Prosect – High Impact Discovery Opportunity For personal use only • 5.5km x 1km copper anomaly on the eastern flank of the Esis intrusive complex. • Multiple targets including the Bukuam porphyry, Kapea shear zone, and skarns. • Outstanding gold
Slide 18: Value Creation Pathway
Value Creation Pathway Exploration Strategy For personal use only Community engagement Geophysics (IP, CSAMT, JORC resource & ESG rollout magnetics) pathway Data integration Drilling at Weioko, Sipupu & 3D modelling & first drilling at Bukuam Short-term: Medium-term: Long-term: 1 targeting drilling
Slide 19: Transaction Overview – PNG Gold & Copper Portfolio
Transaction Overview – PNG Gold & Copper Portfolio 12-Month exclusive options to acquire 100% of East For personal use only Normanby (Gold) & Kol Mountain (Cu-Au Porphyry) Low upfront cost: A$50k 12-month option fee per project Completion: East Normanby (A$500k); Kol Mountain (A$1.15M) Flexible sett
Slide 20: Key Takeaways
Key Takeaways For personal use only $ Two highly Significant TAR Clear pathway to Management has prospective PNG historical drilling positioned for value through strong cross- assets with by majors transformational drilling & resource border execution, outstanding growth definition evidenced by the
Slide 21: Gallery
Gallery East Normanby Gold & Kol Mountain Copper-Gold, PNG For personal use only Image: Eric De Mori and David Image: Inspecting outcrop at Wenasia Image: Ilope Bagawon, local landowner Image: Visible Gold in Quartz rock at Chapman at Weioko deposit near Weioko Weioko Image: Director, David Image: B
Slide 22: Australian Projects
For personal use only Gascoyne Base & Precious Metals Project Meekatharra Jv: Nickel–Copper– South Australia Gold Project IOCG-Copper-REE Australian Projects • Mt Craig Portfolio • Flinders December 2025 | Taruga Investment Presentation | ASX:TAR 22
Slide 23: Australian Portfolio
Australian Portfolio South Australia Western Australia For personal use only Image: High Grade Copper and REE Projects Image: Base and Precious Metals Projects December 2025 | Taruga Investment Presentation | ASX:TAR 23
Slide 24: Contact
For personal use only Contact Taruga Minerals Tau Media Investor Relations Discovery Capital Partners Eric De Mori Jessica Lee Fertig Adam Miethke admin@tarugaminerals.com jessica@taumedia.com.au am@discoverycapital.com.au Website: www.targugaminerals.com.au LinkedIn: taruga-minerals-limited Twitter
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