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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Taruga Minerals Limited    TAR   AU000000TAR7

TARUGA MINERALS LIMITED

(TAR)
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Taruga Minerals : Extension of Option Agreement with Strikeline Resources

10/27/2020 | 05:55pm EST

28 October 2020

Extension of Option Agreement with Strikeline Resources

Taruga Minerals Limited (ASX: TAR, Taruga or the Company) is pleased to announce that it has notified Strikeline Resources Pty Ltd (Strikeline) of the extension of the Option Agreement, which grants Taruga the option to acquire 100% of Strikeline, the holder of the Flinders, Torrens and Mt Craig IOCG projects, South Australia (refer to ASX announcements on 2 July 2020 and 17 September 2020).

As announced on 14 May 2020, Taruga was granted with an initial 6-month option period (to 12 November 2020) which could be extended for a further 6-months following the payment of a $25,000 cash fee.

This announcement was approved by the Board of Taruga Minerals Limited.

For more information contact:

Thomas Line

Eric de Mori

CEO

Director

+61 8 9486 4036

+61 8 6169 2668

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Taruga Minerals Limited published this content on 28 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2020 22:54:09 UTC


© Publicnow 2020
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Financials
Sales 2020 0,04 M 0,03 M 0,03 M
Net income 2020 -2,50 M -1,84 M -1,84 M
Net cash 2020 2,03 M 1,49 M 1,49 M
P/E ratio 2020 -3,83x
Yield 2020 -
Capitalization 21,0 M 15,5 M 15,5 M
EV / Sales 2019 953x
EV / Sales 2020 355x
Nbr of Employees 1
Free-Float 88,8%
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Managers
NameTitle
Thomas Line Chief Executive Officer
Gary Christian Steinepreis Non-Executive Director
Mark Richard Gasson Non-Executive Director
Eric Peter de Mori Non-Executive Director
Paul D. Cronin Non-Executive Director
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