Taruga Minerals: Signs $1.69M option agreement with Strikeline Resources
- Cobalt and copper explorer Taruga Minerals has inked up a 12-month option agreement to buy out Strikeline Resources
- Buying Strikeline will give Taruga control of the iron-oxide-copper-gold (IOCG)-style Flinders Project in South Australia
- In order to get its hands on Flinders, however, Taruga has its work cut out for it over the coming years
- Taruga will pay 40 million shares for the project before May 14, 2021
- Taruga will make another $500,000 payment once it competes a Bankable Feasibility Study at the Flinders project
- Shares in the company have fallen almost 18 per cent this afternoon, currently trading for 1.4 cents each
