Short Term Trading Week Starting: 26 Mar, page-64

STTCOMP TAR FA Long.

TAR - Cobalt/Copper DRC.
SP = 26.5c
SOI  = 115 Million
Cash =  $2.4 Million
MC = $30 Million. (@26.5c)

 Taruga signs option agreements to acquire highly prospective cobalt and copper mineralised concessions within the Central African Copper Belt, in the south-east of the Democratic Republic of Congo.
 Company to acquire, subject to due diligence, a 60% interest in Mwilu and Kamilombe high grade cobalt occurrences in the Kolwezi Mining District
 Historic exploration drilling intersected multiple mineralised zones of shallow, high-grade cobalt mineralisation including:
o 26.5m @ 2% Co and 1% Cu from 78.1m
32.2m @ 3% Co and 0.5% Cu from 209.6m;
o 33.6m @ 2% Co from 77.93m
o 46.8m @ 2% Co from 7m

 Results from recent channel sampling of the artisanal workings reported cobalt grades up to 13% Co. Artisanal mining is currently extracting high grade cobalt mineralisation.
 Taruga has secured first right of refusal on additional high-grade cobalt projects held by the Government of Lualaba province and local company MintMaster RDC Development and Construction SARL (Mint-Master)(Consortium)
 Taruga has also entered into additional agreements to acquire exploration projects, subject to due diligence: o up to a 100% interest in PR 12423 in the Kolwezi Mining District o Agreement with local company Madini Minerals SARL (Mandini) to acquire a 70% interest in PEPM 2315 in the Kolwezi Mining District and PR’s 12726, 12727 and 13728 in the Lubumbashi Mining District,

The Company is in discussions with the vendors of Mwilu for possible early stage production at shallow levels on the two projects.