Ragnar Metals geophysical results at Olserum North Project

Ragnar Metals Limited (ASX: $RAG) has announced the completion of comprehensive Magnetic and Gravity geophysical surveys at the Olserum North Heavy Rare Earth Project in southern Sweden. The surveys have defined multiple highly magnetic trends over a well-defined corridor measuring 4.5km long and 500m-1km wide, as well as six new magnetic trends coinciding with gravity anomalies, indicating high-density targets prospective for HREE mineralisation.

Executive commentary on geophysical results

We are delighted with recently completed geophysics work, which validates the previous field observations and is one step closer towards proving Olserum's potential scale. We are planning further field reconnaissance across the new targets, which will provide confidence to delineate a potential drill campaign. The goal of the drilling program will be to demonstrate Olserum's district-scale potential for high grade critical minerals in Sweden.

Summary of geophysical results and future plans

The geophysical surveys at the Olserum North Heavy Rare Earth Project have revealed significant magnetic trends and gravity anomalies, indicating the potential for HREE mineralisation. Ragnar Metals is planning a reconnaissance field sampling program on these targets, complementing the channel sampling planned across the known HREE mineralisation areas. The company aims to conduct a 3D inversion of the gravity and magnetics data to assist in drill target definition work, demonstrating its commitment to the exploration and development of critical minerals in Sweden.