Well i sent an email to Mark Gasson this afternoon regarding a...

Well i sent an email to Mark Gasson this afternoon regarding a few queries i had and to my pleasant surprise he has replied quite promptly this evening.

Here is a copy of my questions and his answers and i'm sure it's ok to post here.

Hi Kelby

Thank you for your interest in Taruga. Please see my response to your points below.

Please feel free to contact me in the future if you have any queries.

Kind Regards
Mark




Sent: 02 July 2018
To: Mark Gasson <[email protected]>
Subject: Taruga Minerals shareholder

Hi Mark,

1/ Are we likely to see an updated Top 20 (most recent one is dated May 2018) posted on the new Company Website in the near future? Or is the Company likely to wait to update this until after the second tranche of recent capital raising is completed in mid July?

I will request this from the Company Secretary. Quite a few shareholders have asked the same question.

2/ I'm also curious to gain a better understanding of the Historical drilling widths for the high grade Cobalt/Copper holes drilled by Gécamines at Kamilombe tenement, which i believe were drilled vertically. Would there likely to be much difference between true widths of the Cobalt/Copper mineralisations and the stated Historical assay width results listed on the ASX releases?

Drilling has shown that most stratigraphy appears to be flat which would indicate drilling widths similar to true widths. This is not always the case near fault zones or in highly weathered zones where it is difficult to recognise bedding. Mineralisation is often structurally controlled so also difficult to assess as weathering continues down to 300m. We will have to wait to comment on results although we are seeing visible mineralisation in the right places. We don’t know how much though as you are taking Niton readings on a solid piece of material which hasn’t been homogenised.

3/ Also interested to verify if the Company still intends to publish Niton results for the drill holes from Kamilombe tenement as mentioned in ASX releases on both 22/5/18 and more recently on 5/6/18 ? Or will the Company just wait for the actual Assay results from ALS labs in Joberg before releasing those results?

We had a few issues with the Niton which has been sorted. Provided the Fe content is <6% we should be able to announce these in the coming week. Results for the first hole should be available in the next 10 days.