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Raiden Resources notches heritage survey for Andover North Lithium Project

13 March 2024 10:33
ASX: RDN

Raiden Resources (ASX:RDN) has scheduled an archeological heritage survey for April 2nd, for its Andover North Lithium Project in WA’s west-Pilbara region, located 35 kilometres southeast of Karratha.

Heritage survey

The survey will be conducted in cooperation with the Ngarluma Aboriginal Corporation and is expected to commence immediately after the completion of the survey over Andover South priority areas, which the company secured last week.

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Figure 1: Raiden’s Andover North and South Project and adjacent Azure Minerals Ltd.’s Andover Lithium Project

Raiden will focus on areas underlain by the Andover complex ultramafic rocks which, in addition to hosting the ASX-listed Azure Minerals lithium deposit, is forecasted to be a highly prospective host unit for pegmatite mineralisation and has defined spodumene-bearing pegmatites on Andover South.

Reinforcing this, both historical and recent data found the rocks underlying Raiden’s tenure exhibit a consistent magnetic signature, exceeding the original area expectation mapped.

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Figure 2: Tenement Schedule

Looking ahead

Following the completion of the survey, the lithium explorer plans to commence an initial air core drilling campaign to define targets for follow-up diamond or Reverse Circulation (RC) drilling campaigns.

With this in mind, Raiden is expected to avoid drilling in areas of cultural significance out of respect for the Ngarluma Traditional Owners.

Raiden Resources Managing Director Dusko Ljubojevic hopes the survey may result in a broader drilling campaign across all Andover projects.

“We are very pleased to have now secured heritage surveys over both the Andover North and Andover South projects,” he said.

“The Andover North Project survey will be conducted immediately after the Andover South survey, allowing the Company to commence with targeting work on Andover North, which may hopefully lead into a broader drilling campaign across all the Andover projects.”

RDN’s Australian Security Exchange-listed share price is currently trading at $0.024 (10:00 am UTC+ 8 hours).

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