Lithium mineralisation intersected during recent drilling works, with grades up to 0.77% Li₂O interpreted to be spodumene within shallow weathered zone
Drill & exploration planning underway to follow up recent discovery targeting fresh pegmatite zones
Ragusa Minerals Limited (ASX: RAS) (“Ragusa” or “Company”) is pleased to confirm lithium mineralisation from the recent reconnaissance RC drilling works (and associated results) within the Kilfoyle prospect strategic lithium target area 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 with our 1st stage reconnaissance lithium exploration works and results from our strategic and highly prospective NT Lithium Project, with lithium mineralisation identified. We are prioritising our exploration workstargeting the lithium-bearing Kilfoyle prospect.
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.”