Substantial 570km2 increase of NT Lithium portfolio
Additional project area comprising five tenements to create Northern Territory combined “supergroup” project
Tenement farm-in agreement for Ragusa to earn initial 90% interest, with scope to increase to 100%
Strategic ~570km2 NT lithium landholding in highly prospective Litchfield Pegmatite Belt, and comparable land package to neighbouring Core Lithium and Lithium Plus
Four granted tenements allow for rapid advancement of exploration works
“The Company has secured extremely strategic and highly sought-after lithium prospective tenements in the centre of a well-renowned lithium district. This is a significant opportunity to combine Ragusa’s existing NT lithium projects to create a combined “supergroup” project area comparable to neighbours Core Lithium and Lithium Plus, and utilise our exploration and development experience to rapidly progress our NT Lithium Project in a Tier 1 jurisdiction close to major infrastructure.
With four currently granted tenements and considerable historic works to reference, Ragusa is in a strong position to rapidly accelerate the development of our project at a time of record lithium prices and within a proven high-quality lithium district."
Jerko Zuvela Ragusa Chairperson
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