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Ragnar Metals Limited (ASX:RAG)

ALERT: Price-sensitive ASX Announcement for RAG
Current share price for RAG : $0.025 -0.005 (-16.67%)+
Announcement
Release
27 Oct 2025 8:23AM
Price at Release
$0.030
Full Release
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Summary
Ragnar Metals Limited, through its subsidiary Ragnar Exploration AB, has secured an agreement with Harnäs GoldMine AB to potentially acquire up to a 75% interest in the Harnäs Gold Project located in southwestern Sweden. This agreement grants Ragnar an initial option to acquire 20% of the project, with an exclusive right to earn further interest based on exploration expenditure. The project, known for its historical gold production, offers significant exploration potential as mineralisation remains open. Ragnar plans to undertake extensive exploration activities, leveraging its existing presence and experience in Sweden to swiftly advance the project.
Key Points
  • Ragnar Metals Limited has entered into a binding Heads of Agreement with Harnäs GoldMine AB.
  • Ragnar Exploration AB, a subsidiary of Ragnar Metals, has the option to acquire up to 75% interest in the Harnäs Gold Project.
  • The Harnäs Gold Project is located in southwestern Sweden.
  • Historic production from the mine included approximately 5,290 ounces of gold from shallow open-pit mining.
  • The mineralisation remains open along strike and at depth.
  • The agreement involves an initial 20% acquisition and further earn-in stages.
  • Planned exploration includes drilling, geophysics, and relogging of historic core.
  • The project is situated close to suitable infrastructure.
  • Ragnar Metals aims to leverage its experience in Sweden to fast-track development.
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.