Announcement Date: 2023-03-13
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Ragusa Minerals Ltd.
Project name: Burracoppin
Location: Australia
Commodities: Halloysite
Highlight: Drilling results incl. 15m at 13.00% from 7m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Ragusa Minerals Limited (ASX: RAS) (“Ragusa” or “Company”) is pleased to advise that it has received the final outstanding laboratory assay results from the first round of drilling at the Company’s 100% owned Burracoppin Project, identifying a high grade halloysite component together with significant ultra-bright ISO-Brightness (ISO-B) kaolinite and strongly elevated rare earth element (“REE”) content across the area drilled. These final assay results show the Burracoppin Project to be significantly well endowed in bright white kaolinite, high grade halloysite and rare earth elements, all within a near surface formation, making it a true multi-commodity project. Next steps for the project will be to interpret the data in its entirety ahead of resource estimation and production of a JORC 2012 resource over the project area. In addition, preliminary test-work is planned on a sub-set of composite samples with elevated REE content to test for methods of extraction and possible recoveries
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