Cobalt & Copper
In the Democratic Republic of Congo
Taruga Minerals Limited (Taruga or the Company) is a mineral exploration company listed on the Australian Securities Exchange (ASX) with a focus on acquiring and developing highly prospective Cobalt, Copper and Lithium exploration projects in the Democratic Republic of Congo (DRC) and Australia.
Taruga’s highly experienced management team led by Mr Mark Gasson as Executive Director and key advisor Mr Klaus Eckhof has provided the Company with exposure to high-grade Cobalt and Copper opportunities in the DRC, which have the Company well positioned to become a substantial player in the global Cobalt-Copper industry.
Taruga has recognised the opportunities associated with the rapidly expanding Battery Metal sector, particularly driven by the increasing demand for Electric Vehicles. The expanding market is increasing demand for Cobalt, which is driving a growing Cobalt supply deficit. Taruga, through its advanced Cobalt and Copper projects and the potential to develop new high-grade mines in the DRC, is strongly placed to take advantage of this opportunity.Learn more
- Cobalt is one of three key minerals used to make Tesla battery packs.
- The electric vehicle industry is driving up demand for batteries and the raw meterials used to make them.
60%of Cobalt resources are in the Democratic Republic of Congo.
98%of Cobalt production is mined as a by product.
- 60% Copper mining
- 38% Nickel mining
- 2% Cobalt mining
- Mwilu project
Cobalt and Copper mineralisation defined over 700m width down to 280m below surface; potential strike length of 2km
Significant drilling results include 42.85m at 0.39% Co from 256.55m including 6.40m at 1.11% Co from 282.45m & 8.40m at 2.7% Cu from 269.15m
- Kamilombe project
Cobalt and Copper mineralisation defined within multiple stacked horizons over a strike length of >1km
Significant drill results include 50.87m at 0.49% Co from 5.8m including 13.86m at 1.21% Co from 30.47m
- PEPM2315 project