Ragnar Metals Identifies Multiple Conductors at Viken Project in Sweden

2 min read | February 14, 2025 11:25 AM AEDT | By Team Kalkine Media

Ragnar Metals Identifies Multiple Conductors at Viken Project in Sweden — Image source: shutterstock

Key Discoveries at Viken South and East

The Viken Project covers 62 square kilometres and has revealed multiple large conductive trends, including:

Viken South: A five-kilometre-long conductive trend, coinciding with drill hole MYR78002, which intersected 95.6 metres at 185 ppm U3O8 and 0.26% V2O5 from 16 metres depth.
Viken South (Second Trend): Another five-kilometre trend, coinciding with MYR78007, intersecting 44.2 metres at 167 ppm U3O8 and 0.16% V2O5 from 2.5 metres depth.
Viken East: A six-kilometre conductive trend, aligned with NAK78004, which yielded 32.9 metres at 230 ppm U3O8 and 0.24% V2O5 from 26.4 metres, including 25.4 metres at 252 ppm U3O8 and 0.27% V2O5.

Additionally, Ragnar has identified three more conductive anomalies, suggesting the potential for even larger mineralised zones across its Swedish project.

Regulatory Landscape for Uranium Exploration

While these discoveries are promising, Swedish law currently prohibits granting exploration or production concessions for uranium for applications made after July 31, 2018. However, Ragnar has clarified that its licenses focus on energy metals such as vanadium, copper, nickel, molybdenum, and zinc.

Notably, Sweden’s Ministry of Climate and Enterprise launched an inquiry in February 2024 into the nation’s uranium ban, raising speculation about potential regulatory changes.

Ragnar Metals has been trading at 1.7 cents per share.

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