HIGHLIGHTS
Strategic lithium exploration target area covering ~50km2 confirmed
Target area within western part of Project, closer to presumed source granite
Recent RC drilling observed spodumene within pegmatite intersections
Ragusa Minerals Limited (ASX: RAS) (“Ragusa” or “Company”) is pleased to advise an updated strategic lithium target area and exploration plan has been confirmed for 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, with our renewed focus on the Kilfoyle prospect following the encouraging RC drilling works recently completed and pegmatite targets identified.
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.”