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Ragnar – Orrvik Lithium Acquisition

Ragnar Metals entered into an agreement to acquire the Orrvik lithium project from Pallas Metals AB. Located in Västernorrland County, Sweden, the project consists of four exploration licenses, hosting 2 known lithium pegmatite occurrences, assaying e.g. 3m @ 1.2% LiO2 and 0.2% Sn02 in historic drilling or up to 2.8% LiO2 in rock chip samples. Following a successful transaction, the company will consolidate its existing tenure in the area to a total of 168 km2 of prospective ground for lithium exploration. To define future drill targets, the company is planning additional rock chip sampling, a geochemical sampling program, a detailed drone magnetic survey, and an airborne multi-spectral survey.

 

Bergom & Orvvik exploration permits (Source: www.ragnarmetals.com.au)