Ragusa Minerals Limited received additional laboratory assay results from the first round of drilling at the Company's 100% owned Burracoppin Project, identifying a high grade halloysite component together with significant ultra-bright ISO-Brightness (ISO-B) results across the remainder of the drilled area. All results have now been received for x-ray fluorescence (XRF) elemental composition and ISO-B levels. Results for the first batch of x-ray diffraction (XRD) analysis comprising 50 of the total 147 samples have also been received showing significant high grade halloysite intervals in several of the holes.

Results received to date show the Burracoppin Project to be significantly well endowed in bright white Kaolinite, high grade Halloysite and rare earth elements all within a near surface formation, making it a true multi commodity project. Remaining XRD results are expected in coming weeks, after which a maiden JORC 2012 compliant resource estimation will be completed.