Australia's Ragusa jumps most in about 5 yrs on new tenements in Northern Territory

Ragusa Minerals

23/05/2022 03:49

** Shares of lithium exploration co Ragusa Minerals  RAS.AX 
rise as much as 37.5% to A$0.11, their biggest intraday pct gain
since Aug 7, 2017
    ** Shares hit their highest value since Nov 1, 2021 
    ** RAS says it has entered tenement farm-in agreement with
May drilling Pty Ltd  urn:newsml:reuters.com:*:nASX5rnL6R
    ** Co to earn an initial 90% interest in five tenements
within Litchfield Pegmatite Belt in Northern Territory and
exclusive option to acquire the remaining 10% interest
    ** Co to now commence exploration works targetting prior
identified pegmatite rocks 
    ** 9.9 mln shares change hands, compared with the 30-day
average volume of about 611,000 shares
    ** Stock has risen 1.3% this year as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))