Company Drake Resources Limited Australian S.E.

Ragnar Metals Limited is an Australia-based mineral resource exploration and development company. The Company is engaged in the exploration and evaluation of its projects in Scandinavia and commencement of the exploration and evaluation of its Australian projects. Its projects consist of Halleberget Lithium Project, Bergom Lithium Project, Orrvik Lithium Project, Leeds Project, and Kenya Project. The Halleberget Project is located 10 km along strike to the north of Sweden's lithium pegmatite resource at Jarkvissle. The Bergom project is located 100 km east-northeast of Halleberget and is in an area of known LCT pegmatites. Oslerum North HREE Project tenure comprises 20.8 square kilometer (km2), located 8.5 km north of the Olserum HREE deposit. Gruvhagen REE (NdPr) Project tenure comprises 16.5 km2 tenure, located 20 km north of Ragnar Metals Granmuren nickel (Ni)-copper (Cu) discovery. The Orrvik Lithium Project comprises of 36 km2 of highly prospective tenure.