Australia's Ragusa Minerals gains on project developments

Ragusa Minerals

06/10/2023 05:02

** Shares of Australian mineral explorer Ragusa Minerals
 RAS.AX  rise as much as 12.5% to A$0.036, its biggest intraday
pct gain since Sept. 28
    ** Co announces update on NT Lithium project, Burracoppin
REE & Kaolin/Halloysite Project & lithium prospects identified
in Canada
    ** Says reverse calculation drilling works to begin at NT
Lithium Project, Central Australia from Oct. 15
    ** Adds, lithium prospects identified in Canada
    ** Test-work results confirms high-grade rare earth content
in Burracoppin REE & Kaolin/Halloysite Project in Western
Australia - RAS
    ** 421,818 shares change hands as of 0352 GMT, compared with
30-day average volume of 298,236
    ** Stock down 72.2% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))