Taruga Minerals Limited announced that Rotary Air Blast (RAB) drilling campaign has been completed at Morgans Creek (100% TAR), within the Mt Craig Project (MCP). The program was comprised of 2,156m of RAB drilling over 59 drillholes. Drilling was focussed on testing strike extensions of clay-hosted rare earth element (REE) mineralisation intercepted at Hydrothermal Hill in 2021 in weathered Yednalue Quartzite. The Yednalue Quartzite contains layers of reactive sediments including sandstone, siltstone and quartzite which have undergone intense oxidation, alteration and weathering. The unit appears to contain ideal qualities for scavenging metals including rare earth elements, lithium, cobalt, nickel and zinc. The upper weathered portions of the Yednalue Quartzite are being targeted for ionic adsorption clay (IAC) style REEs. Drilling successfully intercepted weathered portions of the Yednalue Quartzite in multiple sections, confirming the continuity of the prospective unit north of Hydrothermal Hill over more than 1.5km. The Yednalue Quartzite is easily mappable and has been mapped at Morgans Creek for at least 5km of strike, including 2.5km to the south of Hydrothermal Hill, which remains largely untested. Mapping and drilling indicate that other units, in addition to the weathered Yednalue
quartzite, are prospective for REEs at Morgans Creek, and these along with other mapped exposures of Yednalue quartzite throughout the Mt Craig Project will now undergo reconnaissance exploration and drill targeting.