EXPLORATION & DEVELOPMENT

Ragusa joins unique Australian club

JUNIOR explorer Ragusa Minerals has joined an exclusive club with one of Australia’s few combined kaolin, halloysite and rare earth elements resources at its Burracoppin project in Western Australia’s Wheatbelt.

The food-producing Wheatbelt is emerging as a new exploration destination

The food-producing Wheatbelt is emerging as a new exploration destination

The project, which it acquired for just A$210,000 in cash and shares two years ago, appears to contain extensions to Latin Resources' Cloud Nine kaolin deposit.
 
Drilling completed late last year has allowed it to estimate a maiden inferred resource of 96 million tonnes of white kaolinite/halloysite and 36Mt at 1356 parts per million total rare earth oxides.
 
The resource, contained within just 5% of the project's footprint, is estimated to contain a fairly unique mix of 20,000t of rare earths, 37Mt of kaolin and 2.1Mt of halloysite, which chair Jerko Zuvela said delivered multiple development options compared to a standalone REE project.
 
The project is just 300km east of Perth.
 
Ragusa also has lithium interests in the Northern Territory and gold plays in Alaska and Zimbabwe, started the quarter with $2.35 million in cash. 
 
The stock has traded at 6.6-44c over the past year, closing yesterday at 8c.
 
The company is worth $11 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.