Rafaella Resources Limited (ASX:RFR) (‘Rafaella’ or the...

Rafaella Resources Limited (ASX:RFR) (‘Rafaella’ or the ‘Company’ is pleased
to announce that it has commenced the 3D Underground (UG) Development Model,
a 3D Geological Model of the Vein System and a JORC compliant Mineral Resource
Estimate (MRE) for its recently acquired 100% owned San Finx tin and tungsten
mine1 (“San Finx”.
Investment Highlights
 The 3D UG development model of San Finx will compile the 3D vein model, a key
component for a JORC compliant Mineral Resource Estimate.
 San Finx was producing a clean concentrate of both tin and tungsten as recently
as 2017 under former owners, Valoriza Mineria S.L.U. (‘Valoriza’.
 RFR is currently relogging and sampling 3 deep drillholes that were drilled by
Valoriza with the objective of extending the mineralized vein system at depth.
 In support of the in-house geology team, the Company has engaged Asturmine S.L.
(Asturmine), a Spanish mining consultancy that has proven expertise in vein deposit
type modelling, Mineral Resource Estimates and in Underground mine design.
Managing Director Steven Turner said: “Rafaella completed the acquisition of San
Finx at the start of the year. The initial focus was on responding to queries arising
from the public consultation stage of the dewatering permit process. Since March the
geological team has been compiling a detailed database from historical production
records in advance of commencing this important resource work, the results of which
will be used in the mine planning once the water discharge permit has been granted.”