IP survey shows ‘significant upside potential’ of Raiden Resources (ASX: RDN) Mt Sholl Ni-Cu-PGE project - Kalkine Media

February 22, 2024 11:13 AM AEDT | By Sonal Goyal
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp


  • Induced polarisation (IP) survey at the B2 Ni-Cu-PGE deposit within the Mt Sholl project suggested that mineralisation extends to depth east of the deposit.
  • IP data has confirmed 1km chargeability anomaly that aligns with southwest plunge of B2 mineralisation.
  • The survey has indicated a substantial potential for additional mineralisation over the B2 deposit.

Raiden Resources (ASX: RDN, DAX: YM4) has shared encouraging results from IP orientation survey which was carried out on the B2 Ni-Cu-PGE deposit area within the Mt Sholl project. In December 2023, the survey was completed by First Quantum.

The IP survey indicates significant upside potential at the project.

Significant IP survey results reported at Mt Sholl

The IP survey was undertaken at the northern extent of the deposit. For the survey, a gradient array method was utilised, and then with two dipole-dipole sections, defined anomalous zones were followed up.

The survey aimed at investigating method for assessing recognised mineralisation in order to understand potential outcomes in the disseminated mineralisation style.

Data source: Company update

After the identification of this anomalous zone, the dipole-dipole IP survey methods were employed across two sections to define the chargeability response. The results have established chargeability response that appears to align with the modelled south-west plunge of the B2 mineralisation.

The chargeability anomaly is detected within 150m of surface in the southern cross-section, and there has been no prior drilling conducted in this area.

The company highlighted that the northern part of this chargeability is not fully explored as only shallow drilling was conducted over the defined anomaly to date.

First Quantum plans to undertake further work at Mt Sholl, which might include a ground electromagnetic (EM) survey. The EM survey will aid in defining additional promising areas for massive sulphide mineralisation that are already identified within the lower tenor disseminated mineralisation zones on the deposits.

RDN shares traded at AU$0.025 apiece at the time of writing on 22 February 2024.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

5 ASX Companies Leveraging AI to Drive Growth in 2024

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.