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Ragusa Minerals Ltd (ASX:RAS)
ALERT: Price-sensitive ASX Announcement for RAS
Current share price for RAS : $0.018 -0.002 (-10%)+
Announcement
Release
30 Jul 2026 9:11AM
Price at Release
$0.020
Full Release
Summary
Ragusa Minerals Ltd (ASX: RAS) completed the acquisition of a ~60% controlling interest in Pegasus Tel, Inc. and is advancing its Purple Pansy Manganese-Gold Project in Arizona, USA. The company conducted geophysical surveys and collected high-grade manganese and gold assay results from the Black Rock Manganese Mine and other sites. Financial activities included a net decrease in cash reserves to $246,000 and ongoing evaluation of new strategic mineral project opportunities. The company expects to maintain operations through future capital raisings.
Key Points
- Acquisition of ~60% interest in Pegasus Tel, Inc.
- Advancement of Purple Pansy Manganese-Gold Project
- High-grade assay results from Black Rock mine
- Geophysical surveys completed
- Net cash reserves of $246,000
- Continued evaluation of new project opportunities
- Expectation to raise further capital
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.
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