Raiden Resources (ASX:RDN) launches metallurgical test work program at Mt Sholl, WA

• Raiden Resources (RDN) launches a metallurgical test work program at its Mt Sholl project in Western Australia
• The company contracted Strategic Metallurgy as its consultant to conduct and manage the program
• The program will look to improve the recoveries and grades of the concentrate taken from historical work at Mt Sholl
• The company is also engaging with downstream producers to evaluate potential for production of a battery grade nickel sulphate
• Raiden Resources is up 25 per cent, trading at one cent at 9:50 am AEST

Raiden Resources (RDN) has launched a metallurgical test work program at its Mt Sholl nickel-copper-platinum group element (PGE) project in Western Australia’s Pilbara.

The company has contracted Strategic Metallurgy as its metallurgical consultant to conduct and manage the program.

Strategic Metallurgy will design the program to establish a preliminary economic processing flowsheet from the Mt Sholl deposits, through producing saleable nickel and copper sulphide concentrates.

Raiden reported the test work would also evaluate the “optimal path” to recover the significant PGE by-products in the process.

Raiden Managing Director Dusko Ljubojevic said the appointment of Strategic Metallurgy and its team is a “significant” step for progressing the Mt Sholl deposit forward.

“This initial metallurgical program will look to further improve and optimise the process from the historical work undertaken on Mt Sholl by previous operators and hopefully further improve the recoveries and grades of the concentrate,” he said.

“A positive outcome in this exercise will significantly propel the Mt Sholl project in terms of prospectivity and may allow us to evaluate some of the lower grade segments of the deposit, while continuing to expand on the high-grade mineralisation.”

Dusko Ljubojevic also noted if the characteristics of the concentrate permit, Raiden will look to generate further value by evaluating the beneficiation process and production of a battery grade nickel sulphate product.

The company is also engaging with downstream producers to evaluate potential for production of a battery grade nickel sulphate.

Raiden Resources was up 25 per cent, trading at one cent at 9:50 am AEST.