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Ragusa Minerals Ltd (ASX:RAS)

ALERT: Price-sensitive ASX Announcement for RAS
Current share price for RAS : $0.027 -0.018 (-40%)+
Announcement
Release
30 Oct 2025 8:09AM
Price at Release
$0.045
Full Release
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Summary
Ragusa Minerals Limited (ASX: RAS), an Australian-based mineral exploration company, announced its Quarterly Activities Report for September 2025. The company has executed a binding Heads of Agreement to acquire a 60.09% controlling interest in Pegasus Tel Inc., which includes the Purple Pansy Manganese-Gold Project in Arizona, USA. This project holds strategic importance due to its manganese and gold mining potential and its alignment with U.S. critical mineral initiatives. Ragusa also continues to explore its Burracoppin REE & Kaolin/Halloysite Project in Western Australia. The company completed a capital raise of $427,200 and reported cash reserves of approximately $431,000 as of 30 September 2025. No substantive mining production and development activities occurred during the quarter, and exploration and evaluation costs amounted to approximately $24,000.
Key Points
  • Ragusa executed a binding Heads of Agreement to acquire a controlling interest in Pegasus Tel Inc. and the Purple Pansy Project.
  • Purple Pansy Project is significant for its manganese and gold mining potential and its alignment with U.S. strategic mineral initiatives.
  • Ragusa is reviewing additional strategic mineral project opportunities.
  • Exploration and evaluation costs for the quarter were approximately $24,000.
  • The company completed a $427,200 capital raise and has cash reserves of approximately $431,000.
  • No substantive mining production activities occurred during the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.