Ragusa Minerals Limited announced that it has received notification from the Northern Territory's Mineral Titles office that the Company's 100% owned tenement EL33148 has been granted - part of the NT Lithium Project located approx. 175 kilometres south of Darwin in the Wingate region south of Daly River. EL33150 comprises 28 blocks covering an area of 91km2, was granted on 11 October 2022 for a period of 6 years.

The Company identified the tenement (and associated Project area) as prospective for lithium from historical geological mapping works and the interpreted continuation of the geological rock-types found in the neighbouring lithium projects, indicating a high level of lithium prospectivity throughout the region. The Company's Project area - comprising six granted tenements and two in application status covering 319 blocks, 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 will develop a lithium exploration program to prepare and submit a Mining Management Plan for Exploration (MMP), seeking approval to conduct exploration and drilling works in the tenement area.

The Company will engage with key stakeholders in the project area and seek approval prior to conducting preliminary exploration works targeting lithium bearing pegmatite rocks using a combination of geological mapping, geochemical sampling, and reconnaissance drilling works.