RAGUSA MINERALS LTD — Net Asset Value 2011

Mar 7, 2011

ACN 143 194 165

Level 2, 350 George Street SYDNEY, NSW 2000

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8 March 2011

PO Box R1695, Royal Exchange NSW 1225

Attention: Company Announcements ASX Limited Sydney NSW 2000

Telephone: (612) 9080 2377 Facsimile: (612) 9080 2378

By E-lodgement

AURORA FUNDS LIMITED (AFV) Monthly FUM and Fund Performance – 28 February 2011

The estimated, unaudited Net Asset Value and performance information for the Aurora funds is as follows:

	EstimatedNAV	Estimated	Estimated	Performance
	(perUnit)	1 month		Benchmark
Aurora Sandringham Dividend Income (AOD)	$1.0221	2.00%		1.35%1
Aurora Sandringham Australian Equity Income (ABW)	$1.1567	2.87%		2.32%2
Aurora Sandringham Global Income (unlisted)	$0.9548	0.21%		0.37%3
Aurora Global Income (AIB)	$1.2133	0.26%		0.37%3
Aurora Property Buy-Write Income (AUP)	$5.4165	1.55%		3.23%4
Aurora Fortitude Australian Absolute Return (unlisted)	$0.9857	0.90%		0.40%5

The total estimated funds under management and administration for Aurora Funds Limited is:

$ million (gross) 28 February 2011 31 January 2011 Change Funds under Management/Administration 555.4 528.1 +27.3

The most recent Performance Newsletters for the various Funds can be found at www.aurorafunds.com.au and www.fortitudecapital.com.

Yours faithfully Aurora Funds Limited Aurora Funds Management Limited (AFSL 222110) as responsible entity of the Schemes

Richard Matthews Company Secretary

Past performance is not a reliable indicator for future performance. The Benchmarks are:

1 50% of UBS Aus Bank 'Bill Index and 50% of S&P/ASX 200 Acc Index 2 S&P/ASX200 Accumulation Index 3 UBS Australia Bank Bill Index 4 S&P/ASX200 Property Accumulation Index (XPJAI) 5 RBA Cash Rate