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Ragusa Minerals Ltd (ASX:RAS)

ALERT: Price-sensitive ASX Announcement for RAS
Current share price for RAS : $0.026 -0.001 (-3.70%)+
Announcement
Release
22 May 2026 8:16AM
Price at Release
$0.027
Full Release
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Summary
Ragusa Minerals Ltd (ASX: RAS) announced the commencement of geophysical Induced Polarisation (IP) surveying works at the historic Black Rock Manganese Mine site within the Purple Pansy Manganese-Gold Project, located in Arizona, USA. The survey aims to define manganese zones for the next stage of drilling works. The project site, encompassing approximately 4,142 acres, includes historical gold and manganese operations and is strategically positioned to benefit from government initiatives to enhance domestic manganese supply, crucial for the US energy and defense sectors. Ragusa is focused on establishing a maiden resource estimate to create long-term value for shareholders.
Key Points
  • Induced Polarisation survey works started at Black Rock Manganese Mine site.
  • The survey aims to define manganese zones for future drilling.
  • Black Rock site contains exposed manganese oxide mineralisation.
  • The project area is located in Arizona, USA, covering approximately 4,142 acres.
  • Ragusa is targeting establishment of a maiden manganese resource.
  • The US currently imports all its manganese.
  • The project supports US energy and defense sectors by potentially rebuilding domestic manganese supply chains.
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.