NT Lithium Project Update: Review Works Confirm High Grade Lithium Prospectivity

HIGHLIGHTS

• Desktop review and compilation of historic works and significant results completed
  

• Target generation and drill program design completed with identification of several high priority confirmed lithium bearing targets
  

• Existing approved MMP in-place for maiden drilling program
  

• Confirmatory rock chip sample results received from recent initial field reconnaissance works, including:
  

  • SM001 - 5.46% Li2O

  • SM008 - 2.27g/t Au

  • SM009 - 4.59g/t Au
    

• Drilling preparation works in progress

“The Company’s strategic and highly prospective NT Lithium Project, with high grade historical and confirmatory lithium sample results, four granted tenements, approved MMP and upcoming commencement of our maiden drilling program is very exciting and puts Ragusa in a strong position to rapidly accelerate the development of our project within a proven high-quality lithium district.

We have a significant opportunity to utilise our exploration and development experience to rapidly progress our NT Lithium Project and realise the massive upside value potential in a Tier 1 jurisdiction close to major infrastructure at a time of record lithium prices.”

Jerko Zuvela

Ragusa Chairperson

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