Ragnar Metals Limited REE projects are located in Sweden in the Southwest Fennoscandian Shield, an area renowned for the formation of REE deposits.

Oslerum North HREE Project

Project tenure comprises 20.8km 2 strategically located 8.5km north of the Olserum HREE deposit in an identical geological setting characterised by the same host Palaoproterozoic Svekokarelian metasedimentary rocks (1.9Ga) and Palaoproterozoic alkalic granite and syenite rocks (1.8Ga) mapped by the Geological Survey of Sweden. This prospective area is strongly supported by rock assays from the Hylleled’s Prospect, where rocks up to 4,044 ppm REE are previously reported, which include 63% HREE metals including 365 ppm Dy and 54 ppm Tb.

Gruvhagen REE (NdPr) Project

Project tenure comprises 16.5km 2 tenure strategically located 20 km north of Ragnar Metals Granmuren Ni-Cu discovery within the northeast extension of the “REE Line” in the district surrounding the town of Bastnas in Sweden. This area is renowned as the worldwide type locality for REE-bearing carbonate minerals bastnasite, the most critical REE ore mineral at the Mountain Pass mine in the USA.