Exploration Update at Orrvik Lithium Projects in Sweden

Ragnar Metals Limited (ASX: $RAG) has announced an exploration update at its Orrvik lithium projects in Sweden, identifying three drill-ready targets. The recent field trip and geochemistry review have revealed promising findings, including rock geochemistry indicating regional zonation and strong vectors towards potential lithium-mineralised pegmatites. The Company has received drilling approvals for all three prospects, namely the Anundsbole, Stenback, and Orrvik prospects, with previous historical drilling considered ineffective.

Executive Director's Perspective on Exploration Update

The recent geochemical review and field trip with independent consultants have strengthened our confidence in the potential presence of multiple lithium discoveries within a fertile, resource-rich province. Our strategic position in relation to the expanding European lithium markets is highly advantageous, and work done to date positions the Company well when we drill our targets.

Exploration Update Summary and Outlook

Ragnar Metals' exploration update at the Orrvik lithium projects in Sweden has defined three drill-ready targets, signaling promising opportunities for potential lithium discoveries. The Company's strategic position in the European lithium markets bodes well for its future endeavors. With drilling approvals secured for all three prospects, Ragnar Metals is poised to advance its exploration efforts and unlock the potential of the Anundsbole, Stenback, and Orrvik prospects. The comprehensive review of rock chip geochemistry and field observations have provided valuable insights, paving the way for the Company's ambitious exploration plans. As Ragnar Metals progresses with its drilling programs, the outlook remains optimistic, and the Company is well-positioned to capitalize on the opportunities presented by its lithium projects in Sweden.