Lithium assay results from RAS’s NT projects

Our exploration Investment Ragusa Minerals (ASX: RAS) just released assay results from its most recent round of drilling at its Northern Territory lithium projects.

RAS's project sits in the same region as $1.8Bn Core Lithium's Mount Finnis lithium project.

RAS’s most recent drill program was targeting a set of outcropping pegmatites where historic drilling had hit lithium grades of 0.37%.

Today, RAS announced the assay results across the two targets with the best result being a 10m long intercept with lithium grades of 0.32%.

The highest lithium grades from the drill program were ~0.7%.

At a high level, the assays werent strong enough for RAS to declare a new major discovery but they are a positive sign that RAS’s project hosts lithium bearing pegmatites worthy of drill testing.

On that front, RAS is already planning its next stage of drilling:

What’s next for RAS?

RAS is planning a drill program for later this year.

The drill program will have ~17 RC drillholes and two diamond drillholes across five different prospects.