The Market Online - At The Bell

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

Raiden Resources (ASX:RDN) has announced its key target areas for upcoming drilling have been OK’d by an Indigenous heritage survey.

An indication of total lack of cultural sites at Andover South was confirmed on Friday. Meanwhile, the company is now planning an exploration program at Andover North after receiving results for that asset.

While the company described reports as “preliminary,” management is in receipt of documentation for both Andover North and South respectively.

Final iterations are expected in the coming weeks “from where [Raiden] will … provide a timeline for drilling.”

The company’s Andover projects are both suspected to contain pegmatite fields with geotechs foremost interested in Andover South at this current time.

“These heritage survey results now allow Raiden to confidently progress with the planning, and execution, of its exploration plans in the knowledge that we will not be disturbing areas of cultural significance to the Ngarluma people,” Raiden chief Dusko Ljubojevic said.

“I would personally like to thank the Ngarluma Traditional Owners, and the NAC, for their assistance in ensuring the Traditional Owners knowledge of the area has been used to identify areas of cultural significance to the Ngarluma during these surveys.”

RDN shares last traded at 3.7cps.

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

Market Close: ASX holds green gains and signs off in the sunshine

The ASX200 closed .6 of a per cent up with every sector finishing in the green…
The Market Online Video

Infini Resources gearing up for UAV geophys survey over Portland Creek

Infini Resources has announced its execution of an application for UAV-based geophysical surveys over its Portland…

Week 18 Wrap: Fed prompts joy and pain; modern monetary theory gains traction & Brent takes a breather

The big stories that mattered in Week 18 of 2024 – plus a selection of headlines…