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An update from Ragnar Metals Limited ( (AU:RAG) ) is now available.
Ragnar Metals has reported high-grade surface uranium mineralisation at its Klockartorpet Project in Sweden, with rock-chip assays returning up to 0.29% U3O8 over a 150-metre strike within a shear-hosted, hematite-altered zone that also shows elevated zirconium and hafnium. Reprocessed radiometric data suggests the main uranium anomaly may extend for about 1km and has highlighted at least four additional untested uranium targets, prompting Ragnar to plan further sampling and shallow drill targeting as it seeks to capitalise on Sweden’s recent effective lifting of its uranium ban and to advance its broader exploration portfolio alongside the upcoming maiden drilling at the Harnäs Gold Project.
The most recent analyst rating on (AU:RAG) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragnar Metals Limited stock, see the AU:RAG Stock Forecast page.
More about Ragnar Metals Limited
Ragnar Metals Limited is an Australian exploration company focused on building a portfolio of uranium and gold assets, with current activities centred on projects in Sweden. The company is targeting high-grade, near-surface mineralisation, positioning itself to benefit from renewed interest in uranium and precious metals exploration in the region.
Average Trading Volume: 847,264
Technical Sentiment Signal: Hold
Current Market Cap: A$13.27M
For detailed information about RAG stock, go to TipRanks’ Stock Analysis page.