- Raiden Resources (RDN) announces a fresh 30-metre-wide pegmatite discovery at its Andover South project in Western Australia
- The project was formerly referred to as the Roebourne project but was renamed due to its close proximity to Azure Minerals’ (AZS) separate Andover project
- RDN geotechnical experts have identified a 30-metre-wide outcrop of lithium pegmatite mineralisation on-site within its acreage
- Mapping and sampling remain ongoing at both Andover project licenses
- Shares are up 16.7 per cent, trading at 1.4 cents at 10:32 am AEST
Raiden Resources (RDN) has announced the discovery of significant fresh pegmatite outcrops at its Andover South project in Western Australia.
Andover South was previously known as Roebourne South but has been renamed due to its close proximity to Azure Minerals’ (AZS) separately held Andover project, located just to the north.
The company’s geotechnical experts have identified a 30-metre-wide outcrop of lithium pegmatite mineralisation on-site within its acreage.
This boundary envelope encompasses two permits: E47/4061 and E47/4062. Mapping and sampling have been completed for the latter, while ongoing work is being carried out on the former.
Andover South has previously delivered noteworthy results for the company, including the discovery of a 3.5-kilometre-long and 600-metre-wide pegmatite field.
Some individual pegmatites within this area reached widths of up to 30 metres, and additional pegmatite swarms were found in and around the permit area, yielding high-grade rock chips.
“Our initial investigations on the Andover South projects are starting to yield positive results – widths … of pegmatites defined to date are providing encouragement the system may be significant,” RDN CEO Dusko Ljubojevic said.
“Swarms of pegmatites are being noted throughout the licence area with further to be mapped and sampled.
“Teams are now sampling the remaining tenements of the Andover South and Andover North project area.”
RDN shares were up 16.7 per cent, trading at 1.4 cents at 10:32 am AEST.