Ann: NT Lithium Project Update, page-17

NT LITHIUM PROJECT UPDATE
PHASE 1 EXPLORATION DRILLING PROGRAM COMPLETED
HIGHLIGHTS
● Phase 1 exploration drilling program completed identifying significant pegmatite
intercepts from geological logging works
● Select pegmatite drill samples delivered to laboratory for lithium analysis testing
● Pegmatite intercepted in 12 out of 18 drillholes
Ragusa Minerals Limited (ASX: RAS) (“Ragusa” or “Company” is pleased to advise that it has recently
completed its first phase exploration drilling program at the Company’s NT Lithium Project (“Project” –
located in the highly prospective Litchfield Pegmatite Belt in Northern Territory, approximately 120km
south of Darwin.
The Company completed a total of 18 reverse circulation drillholes comprising a total of 1505 metres
drilled – with 12 drillholes intersecting pegmatite. From the geological logging works conducted on site, a
total of 226 drill samples were selected for laboratory analysis testing.
Ragusa Chair, Jerko Zuvela said “The Company is pleased to have conducted our maiden exploration
drilling program at our strategic and highly prospective NT Lithium Project. We are very encouraged by
the preliminary drilling observations at our priority targets, noting the scale of the pegmatite zones
encountered within our project area. We look forward to receiving the lithium assay results in coming
weeks.
The completion of the initial exploration program is another positive step that puts Ragusa in a strong
position to rapidly accelerate the development of our project within a proven high-quality lithium
district in a Tier 1 jurisdiction close to major infrastructure at a time of record lithium prices.”
Whilst the Company awaits the lithium sample assay results from the laboratory, the Company’s
geological staff identified additional samples containing visually significant levels of graphite in the
hangingwall and footwall zones either side of some of the pegmatites. The Company will further review
these samples prior to compiling and considering for laboratory analysis testing.
Due to some targeted drill sites not being accessible during the phase 1 works program, the Company is
preparing the remaining priority sites for drilling works during the next dry season. The Company will also
consider conducting diamond drilling operations (subject to drill rig access).
The Company will also consider conducting geophysical surveying works in the priority target areas to
assist with planning the next phase exploration drilling works.
The maiden exploration drilling program targeted lithium bearing pegmatites beneath the weathering
profile (evident at the Core Lithium Project located to the north). Upon receipt of all drill sample results,

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and in combination with other geological data gained, the Company will review all data to determine if an
exploration target (or targets) can be delineated (subject to analysis results