Raiden Resources (ASX: RDN, DAX: YM4) Secures Drill Rigs for Andover Lithium Drilling Starting Next Week

September 20, 2024 11:17 AM AEST | By Sonal Goyal

Raiden Resources (ASX: RDN, DAX: YM4) Secures Drill Rigs for Andover Lithium Drilling Starting Next Week — Image source: Company update

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Highlights

RDN has engaged Topdrill and JB Contracting & Quarries Pty Ltd for maiden drilling at the Andover south Lithium Project.

Initial drilling program will cover 5,000m, with the option to extend up to 10,000m at RDN’s discretion.

Both contractors have extensive experience within the Andover Complex, including Azure Minerals' Andover Lithium Project.

One rig will commence drilling next week, with the second rig to be deployed by early October 2024

Raiden Resources Limited (ASX:RDN, DAX:YM4) is advancing preparations for its maiden drilling program at the Andover South Lithium Project, covering exploration licenses E47/4061 and E47/4062.

The company has secured two diamond drill rigs from the renowned Western Australian contractor, Topdrill Pty Ltd., and earthmoving contractor JB Contracting & Quarries Pty Ltd. Both companies have extensive experience operating within the Andover Complex, including work on Azure Minerals’ Andover Lithium Project.

The maiden drilling program is set to cover 5,000m of diamond drilling, with the option to extend up to 10,000m at Raiden’s discretion.

RDN shares jump

RDN shares jumped 5.56% to trade at AU0.038 apiece at the time of writing on 20 September 2024.

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