Ragusa Minerals Limited announced that it has commenced drilling operations at the NT Lithium Project ¡ located in the highly prospective Litchfield Pegmatite Belt in Northern Territory, approximately 120km south of Darwin. The drilling program is targeting lithium bearing pegmatites beneath the weathering profile ¡ evident at the Core Lithium Project located to the north. The Company plans to drill up to ~2000m from 21 MMP approved sites, targeting the most prospective pegmatites with a view to defining a maiden mineral resource for the project.

Drilling operations have progressed well and the first drill-hole is already completed, with a very encouraging 35m downhole intercept of pegmatite recorded from 16m depth (below surface). This drill-hole provides beneficial geological reference data to determine pegmatite geometry, with upcoming drill sites targeting to intersect the same pegmatite at the desired vertical depth of ~60m. The Company is awaiting regulatory approval for a variation to the current MMP, to allow additional drilling sites to be included as part of the current drilling program within the project.