Ragnar Metals Limited (ASX:RAG)

ALERT: Price-sensitive ASX Announcement for RAG

Current share price for RAG : $0.025 -0.001 (-3.85%)⁺

Announcement

18.9 g/t Au Samples Confirms New Targets at Harnas

Release

17 Dec 2025 8:20AM

Price at Release

$0.026

Full Release

Summary

Ragnar Metals Limited has announced promising results from the Harnäs Gold Project in Sweden, where structural reviews and recent sampling have confirmed high-grade gold mineralization. Significant assays include 18.9 g/t gold and 17.7 g/t silver at the Silvergruvan prospect and 15.9 g/t gold at the Harnäs Pit. These findings, alongside geophysical data, suggest multiple high-grade gold targets. Ongoing work includes a high-resolution UAV magnetic survey, further sampling, and planning for a maiden diamond drilling program. The project aims to explore untested areas and confirm the potential for multiple high-grade gold shoots.

Key Points

Structural review identifies district-scale potential at Harnas and Silvergruvan.
18.9 g/t Au and 17.7 g/t Ag samples at Silvergruvan designate it as a high-priority drill target.
15.9 g/t Au sample at Harnäs Pit suggests previously untested shoot.
Integration of rock results with historic data indicates presence of high-grade shoots.
High-resolution UAV magnetic survey and channel sampling planned for Q1 2026.
Ragnar Metals advances Harnäs Project with multiple high-priority programs.
Geophysical data suggests complex interaction of structural trends favorable for gold.
No known previous drilling at Silvergruvan, strong surface grades warrant follow-up.

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.