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Ragusa Minerals Ltd ( (AU:RAS) ) has shared an announcement.
Ragusa Minerals has significantly expanded its Purple Pansy Manganese-Gold Project in Arizona by staking an additional 201 claims, increasing the total project area to about 4,142 acres and consolidating control over the most prospective parts of a district-scale manganese-gold system. The enlarged landholding covers key historical mining sites over a 9km zone, enhancing the potential for new discoveries, securing ground for future development infrastructure, and positioning the project as a strategic contributor to the United States’ critical minerals and energy supply chain. Ragusa plans a comprehensive work program including historical data evaluation, drilling, metallurgical testing, baseline environmental studies and engagement with potential government and industry partners, while also progressing a transaction to acquire a controlling interest in Pegasus Tel, Inc., which will hold 100% of the Purple Pansy Project.
The most recent analyst rating on (AU:RAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragusa Minerals Ltd stock, see the AU:RAS Stock Forecast page.
More about Ragusa Minerals Ltd
Ragusa Minerals Ltd is an ASX-listed resources company focused on the exploration and development of strategic mineral projects, including manganese and gold. The company is expanding its presence in the United States through the Purple Pansy Manganese-Gold Project in Arizona and is pursuing additional complementary strategic mineral opportunities, supported by a growing relationship with U.S.-based project vendors.
Average Trading Volume: 347,299
Technical Sentiment Signal: Hold
Current Market Cap: A$5.7M
For detailed information about RAS stock, go to TipRanks’ Stock Analysis page.