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Ragusa Minerals Ltd (ASX:RAS)

ALERT: Price-sensitive ASX Announcement for RAS
Current share price for RAS : $0.019 0.002 (11.76%)+
Announcement
Release
19 Aug 2026 9:16AM
Price at Release
$0.017
Full Release
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Summary
Ragusa Minerals Ltd provided an update on its Purple Pansy Manganese-Gold Project, highlighting the results of a geophysical Induced Polarisation survey at the historic Black Rock Manganese Mine site in Arizona, USA. The survey identified 14 priority drill targets, suggesting significant manganese oxide mineralisation along the strike of the site. The project, spanning about 4,142 acres in the Aguila Mining District, is aligned with strategic opportunities due to manganese's critical mineral status in the US. The company plans further drilling to establish a maiden resource estimate, aiming to create long-term shareholder value.
Key Points
  • Induced Polarisation survey identified 14 priority drill targets at the Black Rock Manganese Mine site.
  • The survey data indicates the presence of extensive manganese oxide mineralisation.
  • Ragusa Minerals Ltd aims to establish a high-grade manganese project with development potential.
  • The project is located in the Aguila Mining District of Arizona, USA, covering approximately 4,142 acres.
  • Manganese's critical mineral status in the US presents strategic opportunities for domestic supply chain development.
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.