Annual Report 'Finnis Project' 16 September 2022 to 15 September 2023 EL 33150

Abstract

This report describes exploration activities conducted on the Finnis Project title (EL 33150) between 16 September 2022 and 15 September 2023. The Finnis Project lies approximately 122km by road to the southwest of Darwin, within the highly prospective Pine Creek Orogen which is known to host significant lithium, tin and tantalum deposits. Ragusa Minerals believes that an economic battery metal, lithium or tantalite deposit exists within the Project area. Activity over the Finnis Project title during the reporting period comprised desktop geological reconnaissance, in field access reconnaissance and studies of historical work. Desktop reviews and discussions with the landowners have revealed the appropriate host lithology exists within the tenure. Ragusa plans to continue works with the local landowners to achieve access ahead of conducting initial field investigation and preliminary exploration sampling programs.