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Ragnar Metals Limited (ASX:RAG)

ALERT: Price-sensitive ASX Announcement for RAG
Current share price for RAG : $0.022 0.002 (10%)+
Announcement
Release
17 Aug 2026 8:09AM
Price at Release
$0.020
Full Release
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Summary
Ragnar Metals Limited announced the completion of a 14-hole diamond drilling program at the Harnäs Gold Project, which revealed multiple high-grade gold intersections. The results, including a notable intersection of 13.5 m at 1.6 g/t Au, suggest the presence of at least five high-grade gold shoots that remain open at depth, providing promising targets for future exploration. The company plans to conduct a 3D Downhole Induced Polarisation (DHIP) survey to further refine targets and expand the mineralised system, as they integrate new drilling data with historical results to map out potential extensive mineralised zones.
Key Points
  • Ragnar Metals Limited completed a 14-hole diamond drilling program at the Harnäs Gold Project.
  • Drilling intersected several high-grade gold zones, with standout results including 13.5 m at 1.6 g/t Au and 1 m at 13.6 g/t Au.
  • The results suggest the presence of at least five high-grade gold shoots that remain open at depth and down plunge.
  • A 3D Downhole Induced Polarisation (DHIP) survey is planned to map sulphide-associated mineralised systems at depth.
  • The exploration targets have been identified for potential expansion of the Harnäs gold mineralised system.
  • Integration of new drilling with historical results supports the presence of potentially expansive mineralised zones.
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.