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Ragusa Minerals Ltd (ASX:RAS)

ALERT: Price-sensitive ASX Announcement for RAS
Current share price for RAS : $0.020 -0.01 (-33.33%)+
Announcement
Release
29 Apr 2026 8:10AM
Price at Release
$0.030
Full Release
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Summary
Ragusa Minerals Limited provided an update for the quarter ending March 2026, highlighting its acquisition of a controlling interest in the Purple Pansy Manganese-Gold Project and Pegasus Tel Inc. The project, located in Arizona, shows promising high-grade manganese and gold assay results. The company completed a private placement, raising $600,000 to support exploration and project expansion activities. With cash reserves of $674,000, Ragusa is poised to explore additional strategic opportunities. The company's focus remains on the Black Rock Manganese Mine, with plans to conduct further exploration to delineate mineral resources. The project area was expanded through new tenement acquisitions.
Key Points
  • Ragusa Minerals Limited executed a binding Heads of Agreement to acquire a controlling interest in Pegasus Tel Inc. and the Purple Pansy Manganese-Gold Project.
  • High-grade assay results were reported for manganese and gold from the Purple Pansy Project.
  • A private placement raised $600,000 to support exploration activities.
  • The company is reviewing additional strategic mineral project opportunities.
  • Cash reserves amounted to approximately $674,000 as of March 31, 2026.
  • Significant focus is on the Black Rock Manganese Mine within the Purple Pansy Project.
  • Estimated quarters of funding available is 3.17 quarters.
  • New tenements were staked to expand the project area to about 4,142 acres.
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.