Ragusa Minerals Limited announced that it has recently completed its first phase exploration drilling program at the Company's NT Lithium Project ("Project") located in the highly prospective Litchfield Pegmatite Belt in Northern Territory, approximately 120km south of Darwin. The Company completed a total of 18 reverse circulation drillholes comprising a total of 1,505 metres drilled ­ with 12 drillholes intersecting pegmatite. From the geological logging works conducted on site, a total of 226 drill samples were selected for laboratory analysis testing. Whilst the Company awaits the lithium sample assay results from the laboratory, the Company's geological staff identified additional samples containing visually significant levels of graphite in the hangingwall and footwall zones either side of some of the pegmatites. The Company will further review these samples prior to compiling and considering for laboratory analysis testing. Due to some targeted drill sites not being accessible during the phase 1 works program, the Company is preparing the remaining priority sites for drilling works during the next dry season. The Company will also
consider conducting diamond drilling operations (subject to drill rig access). The Company will also consider conducting geophysical surveying works in the priority target areas to assist with planning the next phase exploration drilling works. The maiden exploration drilling program targeted lithium bearing pegmatites beneath the weathering profile (evident at the Core Lithium Project located to the north). Upon receipt of all drill sample results, and in combination with other geological data gained, the Company will review all data to determine if an exploration target (or targets) can be delineated (subject to analysis results).