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Ragusa Minerals confirms Lithium presence in the Tank Hill prospect with grades up to 0.7% Li 2O and a high-grade interval of 3.25m @ 630ppm tungsten from its recent diamond drilling campaign.
The Company plans to conduct additional Reverse Circulation drilling in 2023, targeting newly discovered pegmatites and locations that have not been previously drilled which could potentially lead to the discovery of lithium bearing pegmatites.
The five prospects targeted for drilling i.e., Kilfoyle, White Rocks South, Crystals, Tank Hill Trend and Ridges, all located within the central area of the project, contain mapped pegmatite outcrops and were identified from recent site works.
Maiden Inferred (JORC 2012) Mineral Resource Estimate for the Company's multi-commodity Rare Earth Elements (REE) + kaolin/halloysite project, comprising 36Mt at 1,356ppm Total Rare Earth Oxides (TREO) and an estimated global inferred resource of 96Mt of kaolinite/halloysite bearing material.
Resource is within less than 5% of Ragusa's 100% owned tenure with significant resource expansion upside potential.
The Burracoppin Project has multi-commodity development potential with REE product + kaolin/halloysite (compared to stand-alone REE projects).