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The latest announcement is out from Taruga Minerals Limited ( (AU:TAR) ).
Taruga Minerals Limited has entered into a binding agreement to acquire 100% of two promising gold and copper projects in Papua New Guinea, namely the East Normanby gold project and the Kol Mountain copper/gold project. This acquisition is expected to enhance Taruga’s exploration capabilities, with plans to apply modern geophysics to historical data from previous explorations by major companies like BHP and Rio Tinto. The projects include significant gold and copper deposits, with extensive drilling history, and the company plans to further explore these assets to unlock their potential.
More about Taruga Minerals Limited
Taruga Minerals Limited is a company engaged in the exploration and development of mineral resources, focusing on gold and copper assets. The company operates primarily in Papua New Guinea, targeting advanced exploration projects with significant historical exploration data.
Average Trading Volume: 955,307
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$7.14M
For detailed information about TAR stock, go to TipRanks’ Stock Analysis page.