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Ragnar Metals Limited (ASX:RAG)

ALERT: Price-sensitive ASX Announcement for RAG
Current share price for RAG : $0.025 -0.004 (-13.79%)+
Announcement
Release
29 Oct 2025 6:36PM
Price at Release
$0.029
Full Release
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Summary
Ragnar Metals Limited reported significant advancements in its projects during the September 2025 quarter. The company focused on its Olserum–Gladhammar Iron Oxide Copper Gold (IOCG) Project in Sweden, with rock sampling and geophysical interpretation identifying several priority targets, and assays confirming IOCG-style mineralisation. Additionally, Ragnar expanded its land position by 36km² in southern Sweden and identified strong potential for a large-scale IOCG system. The company plans further exploration, including detailed mapping and geophysical surveys. Ragnar's strategic investments in Kaiser Reef and High-Tech Metals continued to benefit the company, with these investments advancing their operations and contributing to Ragnar's objective of gaining exposure to high-quality gold and critical mineral assets. A new project, the Harnäs Gold Project, offers Ragnar a chance to earn a majority interest in a high-grade gold asset in Sweden, reinforcing the company's exploration-led strategy.
Key Points
  • Ragnar Metals advanced its Olserum–Gladhammar IOCG Project during the quarter.
  • Assays confirmed IOCG-style mineralisation in several prospects, including Tintorp and Domstugan.
  • The company's land position in Sweden expanded by 36km², totaling approximately 159km².
  • Five mineralised occurrences were identified, indicating potential for a large-scale IOCG system.
  • Follow-up exploration includes detailed mapping, ground geophysics, and drill target definition.
  • Ragnar maintains strategic investments in Kaiser Reef and High-Tech Metals, enhancing gold sector exposure.
  • The Harnäs Gold Project offers an opportunity to secure a majority interest in a high-grade gold asset in Sweden.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.