Annual and Final Report 'Finnis Project' 16 September 2023 to 28 August 2024 EL 33150

Abstract

This report describes exploration activities conducted on the Finnis Project title (EL 33150) between 16 September 2023 and 28 August 2024 up until surrender of the tenement. 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 was unable to successfully negotiate access with local landowners to allow even pre-cursory investigation of the tenement. As a result, Ragusa surrendered the tenement prior to its renewal date.