Ragusa Minerals

BURRACOPPIN PROJECT: 96MT Maiden Inferred (Jorc 2012) Combined Mineral Resource Estimate

Ragusa Minerals Limited (ASX: RAS) (“Ragusa” or “Company”) is pleased to advise that it has completed its maiden mineral resource estimate (JORC 2012) at the Company’s 100% owned multi-commodity REE and kaolinite/halloysite Burracoppin Project in Western Australia.


Highlights:
  • Maiden Inferred (JORC 2012) Mineral Resource Estimate for the Company’s multi- commodity Rare Earth Elements (REE) + kaolin/halloysite project, comprising;
    • 36Mt at 1,356ppm Total Rare Earth Oxides (TREO) of Rare Earth bearing material (using 400ppm TREO cut-off) within the -45µm size fraction, contained within the global resource
      • This equates to 20,000t of combined TREO products
    • An estimated global inferred resource of 96Mt @ ISO-B 80 (using an ISO- Brightness (ISO-B) cut-off of 70) of kaolinite/halloysite bearing material, comprising
      • 51Mt @ ISO-B 83 of ultra bright white kaolinite/halloysite (>80 ISO- B) bearing material and;
      • 29Mt @ ISO-B 78 of bright white kaolinite/halloysite (>75<80 ISO-B) bearing material and,
      • 16Mt @ ISO-B 73 of white kaolinite/halloysite (>70<75 ISO-B) bearing material
        • This equates to 36.9Mt of kaolin product & 2.1Mt of halloysite product
  • Resource is within less than 5% of Ragusa’s 100% owned tenure with significant resource expansion upside potential
  • The Burracoppin Project has multi-commodity development potential with REE product + kaolin/halloysite (compared to stand-alone REE projects)

A maiden 96Mt at 80 ISO-B inferred kaolinite/halloysite resource has been defined at the project using an ISO-B cutoff of 70, which includes 36Mt at 1,356ppm TREO (using a 400ppm cut-off). Refer Table 1 for REO resource details and Table 2 for global kaolinite/halloysite resource details.

Ragusa Chair, Jerko Zuvela saidThe Company is very excited to have completed its maiden JORC 2012 inferred Mineral Resource Estimate at our 100% owned Burracoppin Project – a true multi-commodity development opportunity for highly valued and strategic critical minerals, including TREO/Rare Earth Elements (REE) and kaolin/halloysite.

The shallow and high-grade REE mineralisation alongside the kaolinite and halloysite is very exciting and adds significant potential to the project.

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This article includes content from Ragusa Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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