Ragusa-EV-image.jpg

PROJECTS

Burracoppin Halloysite Project

Burracoppin Halloysite Project (100%)
 

The Company entered into a binding Heads of Agreements (“HOA”) with Carlo Puca to acquire a 100% interest in exploration licence applications E77/2774 and E70/5708, comprising the Burracoppin Halloysite Project in Western Australia.

The Burracoppin Halloysite Project comprises 68 blocks, is located ~300 kilometres east of Perth in Western Australia, and is prospective for halloysite and kaolinite. The project is located near Merredin, with port access easily accessible via the Great Eastern Highway. All services required for a low-cost operation are in close proximity.

Ragusa has commenced works to determine the most effective development strategy for the Project, and upon tenements being granted (due shortly), is preparing an initial priority drilling program – targeting the open strike extensions of the Cloud Nine deposit.

Ragusa barracoppin.PNG

Figure 4. Burracoppin Halloysite Project Location

The project area adjoins Latin Resources Ltd (“Latin”) Noombenberry Halloysite Project, and specifically the Cloud Nine deposit (refer to Latin’s Maiden Inferred Mineral Resource announcement on 31 May 2021 ), with the potential for the strike extension to extend into the Burracoppin Halloysite Project area.

Latin estimated a global Inferred Mineral Resource of 207 million tonnes of kaolinised granite, comprising 123 million tonnes of bright white kaolin-bearing material and 84 million tonnes of kaolin/halloysite-bearing material.

The local geology in the project area consists predominantly of sandy topsoil and colluvial sediments amongst sporadic granite outcrops in varying degrees of weathering. Noombenberry Rock is a named weathered granite outcrop that protrudes towards the eastern edge of E70/5708, with the majority of the remaining tenement mapped as colluvial/alluvial sediments. Publically available magnetic imagery shows a series of magnetic highs within the project area, potentially being buried greenstones (possibly similar to those that host numerous gold/base metal deposits in WA’s Eastern Goldfields).

3