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RAGNAR METALS LIMITED Capital/Financing Update 2021

Dec 9, 2021

65660_rns_2021-12-09_a42f8ab7-286b-4d09-8f8b-6e8e387b9ce5.pdf

Capital/Financing Update

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10 December 2021

EXTENSION OF DUE DILIGENCE PERIOD ON LITHIUM TENEMENTS

Ragnar Metals Limited (“ Ragnar Metals ” or “ the Company ”, ASX: RAG ) advises that the Company and the vendors of WestOz Lithium Pty Ltd (“West Oz”) have agreed to extend the period for the Company to complete due diligence on WestOz and its assets under the Heads of Agreement announced on 10 November 2021 until 31 January 2022. Other terms of the Heads of Agreement remain unchanged.

For the purpose of ASX Listing Rule 15.5, the Board has authorised for this announcement to be released.

For further enquiries contact:

Steve Formica Chairman RAGNAR METALS LIMITED

Tel: +61 418 920 474 Email: [email protected]

Directors Steve Formica Eddie King David Wheeler

Level 3, 35 Outram St West Perth WA 6005 Australia

T. +61 8 6245 2050 F. +61 8 6245 2055 E. [email protected]

ragnarmetals.com.au

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