Ragnar Metals Limited (ASX: RAG) is pleased to advise that exploration programmes across two projects in Sweden will commence mid-August 2023 following the recent confirmation of extensive LCT-pegmatites and the expansion of the ground holding on both lithium projects.
Programme Overview
Ragnar Metals Limited’s 100%-owned lithium Hälleberget and Bergom lithium projects in Sweden are located in an area that is interpreted to represent the western extent of the same geological terrain that contains the largest lithium deposits in Scandinavia: the Kaustinen Lithium province in Finland
Hälleberget Lithium Project:
- Extensive sampling programme with experienced geologists from GeoVista and Axray Scientific.
- This programme follows recent confirmation of tourmaline and beryl-bearing pegmatites in the field with spot XRF readings indicating highly fractionated and fertile lithium-caesium-tantalum (LCT) pegmatites.
- Compilation work by Ragnar has identified at least 47 additional mapped pegmatites by the Geological Survey of Sweden, including an area further south where Ragnar has lodged a new application which, if granted, will expand the Hälleberget ground holding from 21 sq. km to 52 sq. km.
Bergom Lithium Project:
- Extensive sampling programme with experienced geologists from GeoVista.
- New application lodged will, if granted, expand the Bergom tenure from 27 sq. km to 75 sq. km, which follows recent confirmation of tourmaline and beryl-bearing pegmatites in the field with spot XRF readings indicating highly fractionated and fertile LCT-pegmatites.
- Compilation work by Ragnar has identified at least 20 additional mapped pegmatites by the Geological Survey of Sweden that have not been sampled or assayed.
After completing our rights issue and placement of the shortfall, we are now funded and excited to commence our extensive sampling programs across two highly prospective lithium projects in Sweden. Previous assays and recent fieldwork confirm the extensive potential for spodumene-bearing pegmatites across our extensive ground position,” Executive Director, Eddie King, said.
