A render of the element lithium with related information.
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Raiden Resources (ASX:RDN) has confirmed that its final heritage report for the Andover South lithium project has cleared the way for drilling.

No culturally sensitive areas were identified within the project boundary envelope where drilling is slated for the coming weeks and months.

Andover North, meanwhile, remains subject to an ongoing heritage report study with planning still underway for drilling at that second location.

Raiden is engaged with contractors for drilling on-site and will select a provider once the Andover North heritage report is finalised, which Raiden expects to be cleared with no real issue. Full fledged drill designs will also precede the company’s selection.

“With the final report received for the Andover South project, management are actively engaging with drilling contractors for the maiden Andover South Project diamond and RC drill program,” company chief Dusko Ljubojevic said.

“In addition, the Company is planning an air core drilling program to test for further potential pegmatite hosted mineralisation on tenements where potential pegmatite hosted mineralisation may exist under shallow sediment cover.

“The Company is very excited to undertake the maiden drilling program across its Andover Projects and looks forward to updating shareholders of the planned start date in due course.”

RDN last traded at 4.9cps.

RDN by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Index finishes flat as investors flock to safe havens | October 11, 2024

The gold price has rallied and is up more than 0.43% to $US2,645 as investors flock…
China US Aus relations concept

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

This week on HotCopper was tumultuous for one of the community’s most hotly watched stocks: now-Australian-based…
The Market Online Video

ASX Market Update: Energy outperforms in flat trading | October 11, 2024

The local bourse is declining in alignment with the US market and in response to hotter…
AI generated uranium concept

Cauldron Energy reports “excellent” uranium assays in latest drill run

Cauldron Energy has described its latest Yanrey Uranium Project (YUP) drilling assay results as “excellent”.