Taruga Minerals Limited provided an update on the results of analytical testwork completed on drill samples from the 2021 RC drilling program at Morgan's Creek, within the Mt Craig Project (MCP). The positive testwork has indicated there is a high concentration of readily soluble REEs from recent drill samples at Morgan's Creek, a critical factor in determining the economic viability of REE deposits. Morgan's Creek has been the focus of copper exploration until this point, however significant REE mineralisation has been defined over an area of approximately 6km long x 2km wide, and remains open in all directions.

The technical team have defined a series of new clay-hosted REE targets using the knowledge obtained from recent drilling along with new geophysical datasets and mapping. Soils geochemistry and auger profiles are being completed over the priority target areas now to assist with defining final Aircore and RC drill targets. The company is currently planning to commence Aircore/RC drilling at the end of July/Early August.