Ragnar Metals Limited (ASX: RAG) has received environmental approval to conduct diamond drilling and geophysical measurements within the Berga Nr1 tenure at the company’s Swedish Tullsta Nickel Project.
The Environmental Permit has been granted until April 8, 2022. Works Plans have been served to landholders and no objections have been received to date. Once the final landholder approvals are received by the Inspectorate of Mines, the work plan becomes valid and the final Works Permit will be issued, paving the way to commence the planned exploration activities.
Chairman Steve Formica said a previous IP-R geophysical survey conducted at the Tullsta Project successfully extended the Granmuren nickel mineralisation which was previously discovered within the Berga Nr1 tenement.
The Granmuren Nickel Deposit is strongly supported by the generated 3D models and is characterised by a steeply dipping zone forming an anomaly of up to 150m wide within a gabbroic host rock intrusion. Within this zone there are multiple lenses of nickel sulphide mineralisation which were highlighted during the IP-R survey. The IP-R survey also defined a continuous body that extends from surface to below the drilling which is open to the north and west.
Magnetic and gravity modelling also indicates a western to north- westerly plunging body which is supported by the results of the geophysical survey. In addition, there is a weakly north plunging, Eastern Anomaly as well as a developing Southern Anomaly that warrant further investigation.
Mr Formica said Ragnar’s drilling campaign includes four holes for 2,200m initially for Phase 1 with an additional four holes for 1,550m in Phase 2.
The company is also planning to undertake field validation and boulder hunting for gabbroic rocks and nickel sulphides over the target zones once global COVID-19 travel restrictions are lifted and it is safe to travel to Sweden.
We are pleased with the company’s progress achieved thus far in 2020 and receiving the Environment Permit is an important step towards exploring the Tullsta Nickel Project. We will continue our existing discussions with landowners and to date they have been receptive to our requests,” Mr Formica said.
“As such, we are confident in receiving the Work Permit in due course. Tullsta is relatively unexplored with various anomalies untested and warranting further investigation. We look forward to putting a work programmetogether for the benefit of our stakeholders, including all shareholders and local landowners.”
Ragnar Metals owns 100% of the Tullsta and Gaddebo Projects which are located near Sala within the Bergslagen District of Sweden, 110km NW of the capital Stockholm. The Tullsta nickel project comprises of 4 contiguous granted permits and one application permit.
