Ann: Burracoppin Project Additional Drill Results, page-3

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BURRACOPPIN PROJECT
ADDITIONAL DRILL RESULTS CONFIRM HIGH GRADE HALLOYSITE
HIGHLIGHTS
● All ISO Brightness testing complete and first batch of XRD results received
● High grade Halloysite discovered (within -45μm fraction) with the following
significant results:
o RBC 002: 9m @ 23% halloysite from 20m (incl 1m @ 40% and 2m @ 24%)
o RBC 006: 6m @ 12% halloysite from 8m
o RBC 007: 8m @ 14% halloysite from 4m
o RBC 008: 14m @ 12% halloysite from 7m
o RBC 009: 13m @12% halloysite from 8m (incl 3m @ 30%)
● Continued ultra-bright ISO-B results across the drilled area
Ragusa Minerals Limited (ASX: RAS) (“Ragusa” or “Company” is pleased to advise that it has received
additional 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) results across the remainder of the drilled area.
All results have now been received for x-ray fluorescence (XRF) elemental composition and ISO-B levels.
Results for the first batch of x-ray diffraction (XRD) analysis comprising 50 of the total 147 samples have
also been received showing significant high grade halloysite intervals in several of the holes.
Results received to date 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.
Ragusa Chair, Jerko Zuvela said “The Company is pleased with the additional results confirming the high-
grade halloysite discovered at our Burracoppin Project. These positive results further reinforce the
potential multi-commodity development of our Project – we look forward to delineating a JORC mineral
resource and progressing the strategic critical minerals discovered at Burracoppin.”
Figure 1 is a plan of drill-hole locations and Figures 2 – 8 show cross-sections of the current drilling data
(looking west). Tables 1 and 2 show the updated collar and assay information received to date (refer ASX
Announcement 5 December 2021 for REE data).
Remaining XRD results are expected in coming weeks, after which a maiden JORC 2012 compliant
resource estimation will be completed.
EN