RAGNAR METALS LIMITED (RAG)

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.

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.

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.

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.

The company releases a notice of proposed issue of securities.

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.

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.

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%).

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.

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.

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.

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.

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.

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

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

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.

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).

The company releases the results of its meeting.

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.

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

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.

The company lodges its Half Yearly Report and Accounts.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

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.

The company releases the results of its AGM.

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.

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

The company releases a Proposed issue of Securities - RAG.

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

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.

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.

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.

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.

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 .

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.

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.

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.

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.

name changed from Drake Resources Limited