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NT LITHIUM PROJECT - FURTHER WORKS FIRM UP LITHIUM POTENTIAL



HIGHLIGHTS

  • RC drilling program completed with six separate pegmatite bodies intercepted

  • Fluorescent salmon-coloured minerals identified under UV light in RC drill-chip samples

  • Select pegmatite drill samples delivered to laboratory for lithium analysis

  • Pegmatite intercepted in 5 out of 6 drillholes

Further to Ragusa Minerals Limited (ASX: RAS) (“Ragusa” or “Company”) announcement on 25 October 2023, the Company advises that upon further assessment works being conducted, it provides additional information on the estimated abundances of minerals observed from the recently completed RC exploration drilling program at the Company’s NT Lithium Project (“Project”) – located in the highly prospective Litchfield Pegmatite Belt in Northern Territory, ~120km south of Darwin.


Ragusa Chair, Jerko Zuvela said “The Company is excited to progress lithium exploration works at our strategic and highly prospective NT Lithium Project. We are encouraged by the preliminary observations of spodumene potential at shallow depths, noting the scale of the pegmatite zones encountered within our project area. We look forward to receiving the lithium assay results in coming weeks. At a time of renewed strategic interest in exploration stage lithium/spodumene projects in Australia, we look forward to realising the lithium potential and rapidly accelerate the development of our project within a proven high-quality lithium district in a Tier 1 jurisdiction close to major infrastructure.”





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