Ragnar Metals Limited updated the market that an airborne electromagnetic helicopter survey has been completed over the Gaddebo nr3 tenement. Gaddebo is located within in the Bergslagen District of Sweden, 110km NW of the capital Stockholm. This geophysical survey was undertaken by the projects option holder Ontario Inc. as part of a larger regional airborne survey over Ontario Inc.'s local tenement holdings. Ragnar entered into a Heads of Agreement ("HOA") with Canadian company 2617818 Ontario Inc. Ragnar agreed to grant Ontario Inc. an option to acquire 100% interest in the Gaddebo nr3 tenement following Ontario Inc. meeting the terms as set out in the announcement. This survey kick starts Ontario Inc.'s evaluation process and expenditure commitments. Ontario Inc. commenced a regional airborne helicopter electromagnetic (EM) survey in the Bergslagen region using Danish survey operators SkyTEM. The survey consisted of seven areas throughout the district, including the Gaddebo area. SkyTEM commenced the survey just before Christmas and the Gaddebo nr3 licence was flown on the 19th December 2020. Approximately 15-line kilometres were flown over the Gaddebo nr3 tenure with the SkyTEM helicopter flying at about 70 meters above the ground. The EM loop frame hangs 30 meters below the helicopter and flies along parallel lines spaced at 50 meters distance. The aim of the survey is to get a good preliminary understanding of the bedrock geology and to identify potential nickel mineralisation below and around the historic Gaddebo nickel mine.