Overview of Ronin Resources Ltd's Quarterly Activities Report and Appendix 5B

Ronin Resources Ltd (ASX: $RON) has released its June 2024 Quarterly Activities Report and Appendix 5B, detailing the company's continued efforts in evaluating and assessing the Vetas and Hornby Lake Lithium Projects. The company's focus has shifted to advancing the Hornby Lake Lithium Project and assessing new business development opportunities. As of 30 June 2024, Ronin Resources held cash reserves of $3.150m.

Executive Commentary on Projects and Business Development

The Company continued its efforts to initiate drill testing of the Vetas Project during the quarter, but due to ongoing socio-political instability, the drilling campaign remains delayed. In the meantime, the focus has been redirected towards advancing the Hornby Lake Lithium Project and evaluating new business opportunities. The completion of a maiden field exploration program at the Hornby Lake Lithium Project revealed the presence of fractionated LCT-type pegmatites with anomalism consistent with fertile granites in Ontario, although no lithium mineralization was found. The Company is now reviewing a potential 2024 field program targeting the south and southwestern extents of the Hornby Lake Project. Additionally, the Company has been actively engaged in the evaluation and assessment of complementary new business development opportunities, primarily in lithium, copper, gold, and coal.

Summary of Ronin Resources Ltd's Quarterly Activities and Outlook

Ronin Resources Ltd's focus on evaluating and assessing the Vetas and Hornby Lake Lithium Projects has been hindered by delays in initiating a drilling campaign at the Vetas Project due to ongoing socio-political instability. The Company has shifted its priority to advancing the Hornby Lake Lithium Project and evaluating new business development opportunities, particularly in lithium, copper, gold, and coal. The completion of the maiden field exploration program at the Hornby Lake Lithium Project provided valuable insights, although no lithium mineralization was found. Ronin Resources remains committed to initiating a drilling campaign at the Vetas Project when circumstances allow. The Company's ongoing efforts in assessing new business opportunities demonstrate its commitment to enhancing its portfolio and driving shareholder returns.