FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Raiden Resources completes Andover North & South heritage surveys

16 April 2024 12:58
ASX: RDN

Raiden Resources Limited (ASX: RDN DAX: YM4) has announced the successful completion of heritage surveys over its Andover North and Andover South Project areas, with both surveys executed according to schedule and within the allocated budget.

Survey initiatives

Both archaeological and anthropological heritage surveys were completed in collaboration with the Ngarluma Aboriginal Corporation (NAC).

The Andover South heritage survey, initiated on March 25, 2024, concentrated on Raiden’s priority lithium-bearing pegmatite targets within the Andover South Project area.

Following the successful completion of the Andover South survey, Raiden promptly commenced the heritage survey on the Andover North Lithium Project in early April.

OuBdlHmiVwp8yWi2?auto=format%2Ccompress&fit=max&h=800&q=75&s=1494cc3043bf605d30f8c25932252db4

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

Future outlook

The company is currently awaiting preliminary reports for both projects, with final reports pending approval from the NAC.

Upon receipt of the NAC-approved final reports, management will proceed to finalise all drill contractor engagements and establish a comprehensive timeline for the planned drill program.

Mr. Dusko Ljubojevic, Managing Director of Raiden Resources, expressed optimism for the future trajectory of the projects.

“With both surveys over Andover North and South completed, we look forward to receiving the preliminary reports from the consultants. As soon as we have the final reports of the survey, management will provide a drill commencement plan, timetable and finalise all contractor engagements,” he said.

RDN’s Australian Security Exchange-listed share price is currently trading at $0.034 (12:45 pm 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