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Initial Drill Results Received With Strategic Rare Earth Mineralisation Discovered



HIGHLIGHTS

  • Significant rare earth mineralisation discovered (-45μm fraction)

- 40% of samples averaging 1,493ppm TREO (above a 500ppm cut-off)

- Maximum TREO value of 6,285ppm (0.62%)

- Mineralisation encountered from 5 metres below surface

  • Significant portion of very high Al2O3 results corresponding with ultra-bright kaolin identified

  • All sizing and XRF assay testing completed

  • Partial ISO brightness results received

Ragusa Chair, Jerko Zuvela said “The Company is excited with the initial results from the maiden drilling program and the significant discovery of rare earth elements at our Burracoppin Project. This is a positive result for the potential multi-commodity development of our Project – with upcoming laboratory analysis results used to delineate a JORC mineral resource. We look forward to progressing the strategic critical minerals discovered at Burracoppin.”






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