Ragusa Minerals Limited (ASX: RAS) has received regulatory approval notification from the Northern Territory’s Mining Operations office for a variation to the current Mining Management Plan for Exploration Activities (MMP).
The approval will allow additional drilling sites to be included as part of the current drilling programme within tenements EL28462, EL29731 and EL30521 – part of the company’s NT Lithium Project..
The updated MMP approval now allows for up to 38 drill sites, plus additional drilling in the approved designated areas. The company will now enlarge its current drilling program, planning up to ~4000m from the approved sites, with drilling to continue until the wet season prohibits further site access and operations, and then re-commence in 2023.
The drilling programme is targeting lithium bearing pegmatites beneath the weathering profile – evident at the Core Lithium Project located to the north, targeting the most prospective pegmatites with a view to defining a maiden mineral resource for the project.
The company recently commenced drilling operations and has completed several drillholes to date.
The company’s Project area – comprising six granted tenements and two in application status, covers 319 blocks and hosts hard rock lithium prospects within the Litchfield Pegmatite Belt – host to discoveries including the neighbouring Core Lithium Finnis Project, Lithium Plus, Charger Metals and others.
“The company is very pleased to receive regulatory approval to significantly expand its drilling program at our strategic and highly prospective NT Lithium Project,” Ragusa Chair, Jerko Zuvela said.
“This is another positive milestone 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.”
For further information please visit: https://www.ragusaminerals.com.au/
