Ann: Transformational New NT Lithium Project Acquired, page-40

I think a big day coming today
Rats Rant yesterday

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Column 1 0 Column 1 0 RAS - Ragusa Minerals Limited today closed up 25% to finish at 10c on $3.4m stock traded. The reason they were up today was because they announced they entered into a farm-out agreement with May Drilling to earn a 90% interest in 5 tenements within the highly prospective Litchfield Pegmatite Belt in NT.RAS will now carry out exploration activities across the tenements within the highly prospective Pine Creek Orogen including the Finnis River Group which is host to Core Lithium’s (CXO.asx $2.3b market cap) Finnis project, so not a bad neighbourhood to be in I would have thought. The new project has seen some prior exploration work, including the sampling of outcropping pegmatites which returned assays grading as high as 8.03% lithium and 23.1g/t gold. I own stock in this myself, for clients, I know the boss who we will call Jerko today after what to me looks like a cracking acquisition in what could only be described as a buoyant lithium market. So no more calling you Jerk Off mate to keep you anonymous as today's acquisition was more than enough to get me a little frothy, no need to wait for 15c for me. The boys and girls at ''The Catalyst Hunter'' wrote a very good and detailed note on today's acquisition that you can read below if interested in knowing more about this little $10m market cap sleeper (hopefully anyway). https://bit.ly/3sSt4O9A few weeks ago we mentioned them in our What's Doing section, which you can find on the link below in case you missed it - did I mention I own a few too, as always for full disclosure. https://bit.ly/3wIBCIBLast year we also chose them as our September Pick of the Month which you can find underneath, did I mention that I own quite a few myself - still. https://bit.ly/3BtO1BySome details on today's news are listed below:TRANSFORMATIONAL NEW NT LITHIUM PROJECT SUBSTANTIAL 570KM2 INCREASE OF NT LITHIUM PORTFOLIOHIGHLIGHTS 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 Ragusa Minerals Limited is pleased to advise that it has entered into a Tenement Farm-in Agreement with May Drilling Pty Ltd for the exclusive right to earn an initial 90% interest in tenements EL28642, EL29731, EL30521, EL32671 and EL(A)32405 – located in the highly prospective Litchfield Pegmatite Belt in Northern Territory – and the exclusive option to acquire the additional 10% interest in the tenements.In addition, the Agreement allows the Company to conduct due diligence works including immediate exploration activities on the tenements, covering approximately 570km2 within the highly prospective Pine Creek Orogen including the Finnis River Group – host to Core Lithium’s Finnis Project.Ragusa intends to commence exploration works to target outcropping pegmatite rocks identified from prior exploration activities, to develop a more comprehensive lithium exploration program.Ragusa Chairperson, Jerko Zuvela said“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.”

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