Raiden Resources (ASX: RDN, DAX: YM4) concludes heritage surveys over lithium projects

April 18, 2024 10:06 AM AEST | By Sonal Goyal

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Raiden Resources (ASX: RDN, DAX: YM4) concludes heritage surveys over lithium projects — Image source: Company update

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Highlights

Archaeological and anthropological heritage surveys have been concluded across the Andover North and Andover South Project areas.

Surveys were completed on schedule and within budget.

Preliminary reports are awaited, with final reports pending NAC approval.

Upon approval, the company plans to finalise a drill program.

Raiden Resources Limited (ASX: RDN, DAX: YM4) has completed the archaeological and anthropological heritage surveys across its Andover North and Andover South Project areas. The surveys have been conducted in collaboration with the Ngarluma Aboriginal Corporation (NAC).

The company highlighted that it concluded both surveys on schedule and within budget. Preliminary reports for these projects are awaited along with final reports following approval of the NAC.

After receiving the final NAC approved report, the company will proceed to finalise the engagement of drill contractors and provide a timeline for the planned drill program.

Background of heritage surveys

The Andover South Heritage Survey, which commenced on 25 March2024, focused on Raiden's priority lithium-bearing pegmatite targets within the Andover South Project area, covering tenements E47/4061 and E47/4062. This survey was conducted over areas where the company defined priority targets for drilling over the high-grade lithium-bearing pegmatites.

Commenced in early April, the heritage survey on the Andover North Lithium Project included tenements E47/3849, P47/2028, E47/4063, and E47/4603.

RDN shares traded at AU$0.032 apiece at the time of writing on 18 April 2024.

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