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Taruga Minerals Secures High-Grade PNG Gold and Copper Projects with $1.5m Placement

10:24am on Monday 15th of December, 2025 AEDT Mining
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Taruga Minerals Secures High-Grade PNG Gold and Copper Projects with $1.5m Placement

10:24am on Monday 15th of December, 2025 AEDT
Key Points
  • 12-month option to acquire 100% of East Normanby gold and Kol Mountain copper/gold projects
  • East Normanby includes Weioko gold deposit with significant historical drilling and high-grade intercepts
  • Kol Mountain features multiple copper porphyry and skarn prospects with prior exploration by BHP and Rio Tinto
  • $1.5 million placement led by Discovery Capital to fund trenching, geophysics, and assays
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