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Highlights
- Infill soil sampling program has started at Mt Sholl Lithium project following the completion of LCT soil sampling campaign.
- Recent soil sampling program identified multiple lithium-in-soil trends at Mt Sholl.
- First Quantum concluded IP Survey at the B2 Ni-Cu-PGW deposit with results awaited.
- The company is committed to schedule heritage surveys at Andover South and North project areas.
Raiden Resources Limited (ASX: RDN, DAX: YM4) has been advancing exploration across the Andover and Mt Sholl projects.
The company has kicked off an infill soil sampling campaign at the Mt Sholl project that aims at identifying prospective lithium mineralisation more closely in the area.
Encouraging results were reported from the previous lithium-caesium-tantalum (LCT) soil sampling campaign at the project.
In December 2023, First Quantum concluded an induced polarisation (IP) survey over the B2 Ni-Cu deposit within Mt Sholl. This survey aimed at testing the method over the known mineralisation to determine the potential response within the disseminated style of mineralisation. IP survey results are presently under review. After the finalisation of review, further work at the Mt Sholl Ni-Cu-PGE deposits will be planned and are likely to include a ground electromagnetic survey.
At the Andover South and North project areas, the company aims at undertaking heritage surveys at earliest.
RDN shares traded at AU$0.028 apiece at the time of writing on 22 January 2024.