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Taruga Minerals Ltd. advises that Non-Executive Director Mr Eric de Mori has been appointed Managing Director, effective 28 October 2026. The appointment brings dedicated executive leadership to the Company as it advances its maiden diamond drilling program at the Weioko Gold Deposit, within the East Normanby Gold Project on Normanby Island, Papua New Guinea.
Eric de Mori to Lead Taruga
Mr de Mori has served as a Non-Executive Director of Taruga since July 2020, and was re-elected by shareholders at the Company’s 2025 Annual General Meeting. He has been closely involved in the Company’s strategic shift to Papua New Guinea, including the option agreements over the East Normanby Gold Project and the Kol Mountain Copper-Gold Project announced on 15 December 2025.
Mr de Mori has over 20 years’ experience in ASX-listed corporate finance specialising in natural resources, including directorships with numerous ASX-listed companies. Mr de Mori was a co-founder and former Director of Balkans polymetallic developer Adriatic Metals, which was the best performing IPO of 2018 and was acquired by Dundee Precious Metals in 2025 for US$1.3 billion.
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As Managing Director, Mr de Mori will be responsible for executing the Company’s 2026/2027 exploration strategy, including:
- Overseeing the maiden diamond drilling programme at the Weioko Gold Deposit.
- Advancing follow-up work across the Weioko Gold District, including Wenasia, Sipupu and Lataona Hill.
- Progressing the Agadul priority targets at Kol Mountain in partnership with the Makolkol Land Group Inc.
- Leading the Company’s decisions on the East Normanby and Kol Mountain option agreements.
Following the appointment, the Board comprises Mr Paul Cronin (Non-Executive Chairman), Mr Eric de Mori (Managing Director) and Mr David Chapman (Technical Director).
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