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Highlights
- Preliminary heritage survey reports for the Andover South and North project areas have been obtained.
- The report from Andover South indicates that all key drilling targets are clear of culturally sensitive areas.
- RDN expects final heritage reports in the coming weeks.
- Planning for Andover North project maiden program is ongoing.
- The company will engage drilling contractors to commence drilling on receipt of the final report.
Raiden Resources Limited (ASX: RDN, DAX: YM4) has obtained preliminary reports following the completion of heritage surveys on its primary lithium-bearing pegmatite prospects within the Andover South Project (E47/4061 & E47/4062), along with the Andover North Project. The report has been shared by the Ngarluma Aboriginal Corporation (NAC), who will provide final approval of the report.
The report for Andover South suggested that the key drilling targets are clear of culturally sensitive areas. Therefore, the areas of cultural significance are not expected to impact the planned drilling campaign on the project.
Upon receiving the final report for Andover South, the company will initiate discussions with drilling contractors with the aim of commencing the drilling program at the earliest opportunity.
Update on heritage report from the Andover North Project
The company also received the preliminary heritage report from the Andover North Project heritage survey. Currently, the company is in the planning stages for exploration programs across the Andover North project, ensuring avoidance of any identified sensitive sites during the survey.
After receiving the final report, the company will complete an exploration program aimed at investigating additional potential pegmatite-hosted mineralisation on this project.
The final heritage reports are anticipated in the following weeks.
RDN shares jumped 2.941% to trade at AU$0.035 apiece at the time of writing on 30 April 2024.