Assays are in for RAS’s kaolin-halloysite project in WA

Our junior exploration Investment Ragusa Minerals (ASX: RAS) just announced assay results from drilling at its kaolin-halloysite project in WA.

The drill results returned halloysite mineralisation with a peak intercept of 9m at 23% halloysite from a depth of just 20m - Included in this intercept was a high grade section of 1m at 40% halloysite.

Once the remaining assays from the drilling program are received RAS should be in a position to put together a maiden JORC resource estimate.

We think RAS still has plenty of exploration upside at this project with the drill result covering only ~5% of its total project area.

The image below shows how small of an area RAS has drilled to date, blue showing the larger project area and the area RAS has drilled (in red).

What’s next for RAS’s halloysite project?

RAS confirmed that assays are still pending from the project and that results are expected over the coming weeks.

After the complete set of results are in, RAS can move into the resource definition phase for this project.