Ragusa signs farm-in agreement with May Drilling

In addition, the agreement allows the company to conduct due diligence works including immediate exploration activities on the tenements, covering approximately 570 km² 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.”

Read the article online at: https://www.globalminingreview.com/mining/24052022/ragusa-signs-farm-in-agreement-with-may-drilling/