Mt Sholl. Source: Raiden Resources
The Market Online - At The Bell

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

  • Raiden Resources (RDN) commences a detailed pegmatite and lithium mapping and sampling exploration program across its Roebourne, Arrow, and Mt Sholl projects in WA
  • The company aims to build upon previous results obtained from initial reconnaissance outcrop sampling at Roebourne South
  • Raiden also hopes to follow up on mineralisation intersected in a four-kilometre pegmatite field at its Roeborne South project
  • RDN shares last traded a 1.1 cents

Raiden Resources (RDN) has commenced a detailed pegmatite and lithium mapping and sampling exploration program across its Roebourne, Arrow, and Mt Sholl projects in Western Australia.

The company aims to build upon previous results obtained from initial reconnaissance outcrop sampling at Roebourne South, which yielded significant rock chip results of 2.22 per cent, 0.98 per cent, and 0.37 per cent lithium oxide

Furthermore, the company intends to follow up on mineralisation intersected in a four-kilometre pegmatite field at its Roeborne South project, with some occurrences extending over a 200-metre strike and up to six metres in width at surface.

“With the current program, we hope to build on the potential defined in the initial and very limited scout sampling exercise on the recently acquired projects,” RDN Managing Director Dusko Ljubojevic said.

“In parallel, we will be evaluating the greater potential of the entire portfolio of projects in the Pilbara, including Mt Sholl and Arrow for Li-bearing pegmatites.”

Raiden’s program aims to evaluate the potential of its three projects and seeks to uncover comparable outcomes to those of neighbouring mining companies in the region, such as Azure Minerals (AZS) and GreenTech Metals (GRE).

RDN shares last traded a 1.1 cents.

rdn by the numbers
More From The Market Online

Haranga Resources commences phase 2 underground drilling at Lincoln

Haranga Resources has kicked off phase 2 underground drilling at the Lincoln gold project located in…

Adavale Resources increases gold numbers from zero to 383,000 oz in 20 months

Adavale Resources has unveiled a substantial updated mineral resource estimate for the London-Victoria gold mine in…
Flexiroam concept traveller using global eSIM network

This ASX comms stock is up +160% over the last year, and just turned profitable. Here’s how FlexiRoam disrupts the market

If you’ve gone travelling overseas in the last few years, you may have heard of eSIMs – in essence, a digital SIM card
HotCopper Daily Market Trends Graphic

Tuesday’s HotCopper trends: Global Lithium Resources, Narryer Metals, Waratah Minerals and other daily topics

With more than 600k average monthly users on the HotCopper forums, each and every discussion can…