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RAGNAR METALS LIMITED (RAG)

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Our website ranking of RAG: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000031304
Address: Level 3, 88 William Street, PERTH WA 6000
Tel:  +61 8 6245 2050Fax: +61 8 6245 2055

Date first listed: 31/03/2005

Sector: Materials Industry Group: XMJ
Activities: Gold and silver exploration

News & Events

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The suspension of trading in the securities of Ragnar Metals Limited will be lifted immediately, following the release by RAG of an announcement in relation to a project acquisition in Sweden.

12/10/2023

Ragnar has entered into an agreement to acquire the Orrvik Lithium Project comprising 36 sq km of highly prospective tenure, expanding its lithium portfolio to 168 sq km . The new Project includes two well-documented spodumene occurrences: Orrvik, which includes shallow drilling assays up to 3.3% Li2O; and o Stenback, which contains rock assays up to 2.8% Li2O. Previous exploration efforts at the Orrvik and Stenback spodumene-bearing occurrences have been limited to shallow drilling, with the remaining tenure remaining largely unexplored. Orrvik represents an exciting opportunity to add to the existing lithium tenure in a highly prospective district interpreted to represent the western extent of the renowned Kaustinen Lithium province in Finland, encompassing the largest lithium deposits in Scandinavia. Extensive rock sampling programs have been completed across Ragnar's lithium projects, confirming the presence of spodumene (lithium)-bearing pegmatites.

12/10/2023

The securities of Ragnar Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of RAG, pending the release of an announcement in relation to a project acquisition in Sweden.

11/10/2023

The suspension of trading in the securities of Ragnar Metals Limited will be lifted immediately following the release by RAG of an announcement regarding a material announcement concerning a significant divestment and a capital raising.

26/06/2023

The company releases a notice of proposed issue of securities.

26/06/2023

The company announces a non-renounceable entitlement issue of 1 fully paid ordinary share in the company's capital for every 4 shares held by shareholders of the company registered at the record date at an issue price of 2 cents per share to raise up to approximately $1.89m, together with one option to acquire a share, each with an exercise price of 3 cents and an expiry date of 30 September 2024, for every one entitlement share issued.

26/06/2023

Ragnar is excited to announce that after a recent review of country-wide datasets in Sweden, it has identified and secured two new licenses that contain lithium-tantalum-tin-bearing pegmatites: Halleberget Lithium Project: Strategically located 10km north of the Jarkvissle lithium pegmatite deposit. Previous exploration at Halleberget has identified outcropping lithiumbearing pegmatites over 500m strike with historical exploration results up to 0.473% Li2O, 196 ppm Ta and 4.48% Sn; Bergom Lithium Project: Characterised by an area of widespread yet unexplored pegmatite outcrops with only one historical assay returning 0.172% Li2O, 95 ppm Ta and 0.38% Sn.

26/06/2023

Ragnar has identified and secured two new REE licenses, comprising 37.3 km2 of tenure highly prospective for heavy rare earth element mineralisation and NdPr metals: Olserum North HREE Project: Strategically located 8.5km north of, and in an identical geological setting to the Olserum Heavy REE deposit. Previous exploration in the area has identified outcropping HREE mineralisation that returned historical exploration results of 4,044 ppm TREE with 63% HREE. Gruvhagen NdPr Project: Located within the "˜REE-Line' where previous exploration in the area has identified outcropping REE mineralisation that returned historical exploration results of 36,921 ppm (3.7%) TREO with very high Nd/Pr (30%).

26/06/2023

Cash consideration of A$9.8m payable for the sale of its wholly owned subsidiary Ragnar Metals Sweden AB. In addition to the cash consideration, a deferred 1% Net Smelter Return Royalty is payable to Ragnar. BHP has a right to buy back the Royalty for A$10,000,000. The divestment of these assets provides significant funding for Ragnar as it seeks to further its other critical mineral interests in Sweden.

26/06/2023

The securities of Ragnar Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of RAG, pending the release of an announcement regarding a material announcement concerning a significant divestment and a capital raising.

23/06/2023

The suspension of trading in the securities of Ragnar Metals Limited will be lifted from the commencement of trading on Thursday, 27 May 2021, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

26/05/2021

The company releases the following: Appendix 1A and Information Form and Checklists, Constitution, Incentive Option Plan, Corporate Governance Statement, Securities Trading Policy, Distribution Schedule - Options, Distribution Schedule - Shares, Top 20 Holders - Options, Top 20 Holders - Shares, Statement of Confirmations, Restricted Securities and Statement of Capital Structure.

25/05/2021

The securities of Ragnar Metals Limited ("˜RAG') are expected to be reinstated to Official Quotation at the commencement of trading at 10:06:45 AEST on Thursday, 27 May 2021, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules. RAG raised $5,500,000.00 pursuant to the offer under its prospectus dated 7 April 2021 ("˜Prospectus') by the issue of 275,000,000 shares at an issue price of $0.02 per share and 91,666,497 quoted options exercisable at $0.04 expiring on or before Friday, 19 May 2023.

25/05/2021

The company releases a notice of Proposed issue of Securities - RAG.

14/05/2021

The company lodges its Quarterly Cashflow Report.

30/04/2021

The company lodges its Quarterly Activities Report.

30/04/2021

The company provides an update to the notice of consolidation. The reason for the update is to notify actual number of shares and options on issue after consolidation.

15/04/2021

The company releases a prospectus that contains the following offers: an offer of 275,000,000 shares at an issue price of $0.02 each to raise $5,500,000, together with 1 new option for every 3 shares issued; an offer of 6,500,000 shares and 4,000,000 vendor options to the vendors (or their nominee/s); an offer of up to 45,000,000 advisor options to the lead manager (or its nominee/s); an offer of 15,000,000 director options to directors (or their nominee/s); and an offer of up to 4,000,000 employee options to a member of the personnel of the company (or his nominee/s).

08/04/2021

The company releases the results of its meeting.

07/04/2021

ASX Limited grants the company a waiver from listing rule 2.1 condition 2 to the extent necessary to permit the company to issue the capital raising shares at an issue price of less than $0.20 per capital raising share subject to certain conditions. ASX also granted a waiver from listing rule 1.1 ccondition 12 to the extent necessary to permit the company to have on issue up to 178,966,667 options with an exercise price of less than $0.20 subject to conditions. A waiver from listing rule 10.13.5 was also granted to the extent necessary to permit the company to state in its notice of meeting seeking shareholder approval pursuant to listing rule 10.11 for the issue of securities to the directors of the company.

08/03/2021

The company releases a notice of consolidation. Shareholders will get 1 share for every 5 presently owned.

08/03/2021

The company is convening an Extraordinary General Meeting of shareholders to be held on Wednesday, 7 April 2021 at 10:00am (WST) at Suite 2, 11 Ventnor Avenue, West Perth WA 6005.

08/03/2021

The company lodges its Half Yearly Report and Accounts.

04/02/2021

The company lodges its Quarterly Cashflow Report.

28/01/2021

The company lodges its Quarterly Activities Report.

28/01/2021

Ragnar to acquire 2 granted prospecting licences and 2 granted exploration licenses that comprise the Leeds Project and Kenya Project respectively. Both projects are strategically located in the prolific gold mining district of the Norseman-Wiluna Greenstone Belt of Western Australia. Previous drilling at the Leeds Project, located 20 km south of the Goldfields St Ives Gold Mining Camp at Kambalda, Western Australia, suggest a large significant gold system that warrants immediate follow-up drilling. Historic shallow drilling at the Leeds Project intersected shallow oxidised gold mineralisation from surface down to 50-60 m depth and in places intersected deeper primary gold bearing shear zone which extend over a very large area of 2 km by 200-300 m. Historic drilling at the Leeds Project intersected both very high grade and large lower grade widths. The Kenya Gold Project is located 50 km along strike to the south of the AngloGold Ashanti's Sunrise Dam gold mining camp and contains previously defined targets that are yet to be followed up. The Company is also committed to complete a drill program on the Granmuren nickel-copper prospect on its existing Swedish exploration project. The program aims to target significant coincident geophysical anomalies that have been identified by Ragnar at depth below and down plunge from significant nickel-copper drilling intercepts. Ragnar is undertaking a A$5.5m capital raising at an issue price of A$0.02 per share with one free attaching option exercisable at A$0.04 each for every three shares issued. Ragnar proposes to consolidate its listed ordinary shares and options on a 1:5 basis.

21/01/2021

The company releases the results of its AGM.

30/11/2020

2617818 Ontario has given notice of termination with effect from 29 November 2020 of the Heads of Agreement between the company and Ontario Inc announced on 21 November 2019 pursuant to which Ontario had been granted an option over the Company's exploration permit 2014:91 Gaddebo nr 3.

10/11/2020

The company will hold its AGM on 30 November 2020 at 1:00pm (WST) at Suite 2, 11 Ventnor Avenue, West Perth WA 6005.

23/10/2020

The company releases a Proposed issue of Securities - RAG.

16/10/2020

The company lodges its Quarterly Activities Report and Quarterly Cashflow Report.

13/10/2020

The company's AGM will be held on 30 November 2020. The closing date for receipt of nominations from persons who wish to be considered for election as a director is 19 October 2020.

13/10/2020

The company's securities continue to be suspended from official quotation. The company will evaluate mineral exploration and development opportunities in Australia. The company has issued convertible notes and entered into loan agreements to raise a total of $400,000 for working capital.

18/09/2020

ASX has determined that it is of the view that the Company is not in compliance with Listing Rules 12.1 and 12.2, and has indicated that it will review its determination in six months' time. The suspension of the Company's securities will continue until the Company has demonstrated to ASX that it is in compliance with Listing Rules 12.1 and 12.2. The Company anticipates that its suspension from quotation will continue until 18 March 2021.

18/09/2020

EM modelling has defined two distinct anomalous bodies requiring follow-up detailed ground EM surveying. Both anomalies occur adjacent to the historic Gaddebo nickel mine. IP gradient array survey completed with data currently being processed.

02/09/2020

EM modelling has defined two distinct anomalous bodies requiring follow-up detailed ground EM surveying. Both anomalies occur adjacent to the historic Gaddebo nickel mine. IP gradient array survey completed with data currently being processed .

21/08/2020

The company has made a submission in relation to the company's compliance with Listing Rules 12.1 and 12.2, and requests that the supsension of its securities continue pending ASX's consideration of the submission and making of a determination. The company anticipates that the suspension may continue until 18 September 2020.

20/08/2020

The Company has discontinued negotiations in relation to a significant transaction under Chapter 11 of the ASX Listing Rules. ASX has requested that the Company make a submission to ASX in relation to the Company's compliance with Listing Rules 12.1 and 12.2 before it makes a decision as to whether to reinstate the Company's securities to quotation. The Company requests that the suspension of its securities continue pending ASX's determination in relation to the Company's compliance with Listing Rules 12.1 and 12.2 and the making of an appropriate announcement. The suspension of the Company's securities is expected to continue until 20 August 2020.

14/08/2020

The Company requests that the suspension of its securities continue pending the release of a response to a Price Query and an announcement in relation to the status of a proposed transaction. The Company currently expects the suspension to last at least until Friday, 14 August 2020.

12/08/2020

The securities of Ragnar Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of RAG, pending the release of a response to an ASX price and volume query and an announcement regarding a proposed transaction.

07/08/2020

name changed from Drake Resources Limited

26/11/2018

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    26/02/2024Steve Formica2,886,895$0.020$58,055
    20/05/2022Steve Formica4,370,484$0.040$175,582
    13/08/2021Steve Formica1,222,270$0.044$53,483
    10/08/2021Steve Formica354,396$0.046$16,299
    28/06/2021Eddie King1,000,000$0.064$63,500

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Steve FormicaNon Exec Chairman02/09/2019
    Jason StirbinskisCEO11/02/2013
    David WheelerNon Exec Director05/12/2017
    Eddie KingNon Exec Director10/02/2017
    Jessamyn LyonsCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    James ScovellNon Exec Director01/06/201731/12/2019
    Sara KellyNon Exec Chairman01/06/201702/09/2019
    Jay StephensonNon Exec Director30/03/200405/12/2017
    Brett FraserNon Exec Chairman30/03/200410/03/2017
    Bob BeesonNon Exec Director17/11/200410/03/2017
    James MerrilleesExecutive Director17/05/201114/08/2013
    John HoonNon Exec Director04/04/201114/06/2013

    Date of first appointment, title may have changed.