Taruga Minerals Limited advised that a Rotary Air Blast drilling campaign has commenced at Morgans Creek within the Mt Craig Project. Hydrothermal Hill: The focus at Morgans Creek will be on testing extensions of the clay and saprock hosted REEs identified at Hydrothermal Hill, where a 5km long prospective strike has been identified. REE anomalism is pervasive across multiple lithologies at Morgans Creek, the best grades intercepted to date were intercepted in the upper weathered and oxidised portions of the highly reactive Yednalue Quartzite.

The Yednalue Quartzite, which is comprised primarily of sandstones and silts, is mapped/interpreted to extend for over 5km in strike at Morgans Creek, to the north and south of Hydrothermal Hill. Where outcrop is present, prospective alteration matching that seen at Hydrothermal Hill has also been identified along strike, particularly at Hydrothermal Hill North, where approximately 1.5km of prospective strike will be drill tested with several RAB drilling profiles. Drilling will also be completed at the newly defined Shute prospect which sits within the Western Plains area of the Mt Craig project.

The Western plains area is a large flat area overlain by shallow transported cover, which expands for over 200km2 on the western side of the Mt Craig Project. Shute is one of several prospects along strike in the Western Plains area, and is defined by a circular magnetic feature approximately 500m in diameter at the junction of 3 interpreted major structures. Schute sits offset from the exposed mafic intrusions within the Worrumba diapir to the east.

The underlying geology is interpreted to be reactive sedimentary rocks. RAB drilling profiles will be completed across the Shute prospect to characterise the anomaly. Shute is believed to be prospective for clay-hosted REEs.

The basement rocks at Shute may also be prospective for copper.