Ragnar Metals announces potential HREE-bearing syenite intrusive at Melson, Sweden

Ragnar Metals Limited (ASX:RAG) has announced the assay results for the second field program at its Olserum North Heavy Rare Earth (HREE) Project in southern Sweden. The recent field trip uncovered rock chip samples indicating potential for a large HREE-bearing syenite intrusive at the Melsjon prospect, now referred to as 'Melson'. The samples revealed biotite-magnetite-altered shear zone with assays up to 1.75% TREO with up to 71% HREO, as well as several outcrops of magnetite-poor HREE-bearing syenite intrusive rock with up to 0.6% & 0.5% TREO with 35% to 38% HREO. The mineralised syenite has been mapped at the surface for at least 50m by 20m and is open to the west, north, and least.

Executive Director Eddie King's commentary on the discovery

Executive Director Eddie King expressed excitement about the discovery, stating, 'We are thrilled that our summer fieldwork campaigns unveiled a possible new target style for high-value heavy rare earth metal deposits. Discovering syenite intrusive hosted heavy rare earth mineralisation for the first time in the area is incredibly exciting given the scale of this deposit style already known in Sweden.'

Summary of Ragnar Metals' discovery and future plans

Ragnar Metals' recent field program at the Olserum North HREE Project in Sweden has uncovered promising assay results, indicating the potential for a large HREE-bearing syenite intrusive at the Melson prospect. The discovery of this new style of mineralisation is significant, as it represents a different target for large alkaline and syenite intrusive hosted HREE deposits. The company plans to conduct further geochemical and petrographic work to support this hypothesis and engage experienced consultants to advance their technical understanding of the mineralisation sites. Additionally, further field work, including sampling, mapping, and a magnetic and radiometric survey, is proposed to define the extent of the mineralised syenite at the prospect and explore for additional mineralised syenites in the area. Ragnar Metals remains committed to exploration in Sweden, a country known for its ranking in the top 10 of the Fraser Institute's Annual Survey of Mining Investment Attractiveness.