FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Raiden to unlock Mt Sholl’s battery promise

9 August 2022 10:57
ASX: RDN
Raiden Resources Mt Sholl

Raiden Resources is warming up for its upcoming drilling campaign at the Mt Sholl nickel-copper-cobalt-PGE project in the rich lands of the Western Australian Pilbara with clearance secured for its final step heritage survey.

The survey will cover all of Raiden’s planned drill targets across the 9.6 square kilometer site and is the final approval required for a 5,000 meter campaign to fire up next month.

Drilling looks to provide confirmation on extent of mineralisation at the promising site — with historical testing revealing high-grade results up to 5.27 per cent nickel, 2.45 per cent copper 0.98 grams per tonne palladium and 0.2 per cent cobalt.

Sitting just 10 kilometers northeast of the Radio Hill nickel-copper-PGE mine and its handy processing infrastructure, cobalt and platinum group elements have not yet been systematically analyzed at Mt Sholl, providing opportunity to assess the site’s true potential for the lucrative future-facing metals.

The company said it was eager to continue progression on an exciting and substantial project.

“With this heritage survey commencing, we take the next step of getting drill rigs on the ground, for an aggressive, and targeted, exploration programme designed to move the Mt Sholl deposits towards a compliant mineral resource,” managing director Dusko Ljubojevic said.

The campaign is expected to shoot off the blocks as soon as the heritage survey is concluded.

RDN’s Australian Stock Exchange-listed share price has risen 12.5 per cent today, currently selling at 0.9c (10.52 am UTC+ 8 hours).

The Market Bull Logo

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!

Share This