Raiden Resources (ASX: RDN) Releases Half-Yearly Report for the Period Ending December 31, 2024

Highlights during and recently after the period’s end include:

• RDN secured tenement E47/4062, and tenement E47/4061 was renewed for an additional five years.
• A 5,000m drilling program commenced at Andover, with an option to extend to 10,000m.
• Mt Sholl drilling highlighted potential extensions to existing nickel-copper-cobalt mineralisation and new targets.
• Arrow Project drilling covered 3,007m across 79 holes, with results informing further follow up work for its JV partner.

Raiden Resources Limited (ASX:RDN) has released its half-year report for the period ended 31 December 2024 (1HFY25), highlighting significant advancements across its project portfolio. The company made key advancements in its Andover, Mt Sholl, and Arrow Lithium projects, securing important approvals, completing significant drilling campaigns, and uncovering further geological data. These developments further strengthen the company’s position in the exploration of lithium, copper-nickel-PGE, and gold.

Andover Project: Drilling and Key Discoveries

RDN advanced exploration at the Andover South Project by securing tenement E47/4062 and renewing tenement E47/4061 for an additional five years. The company initiated a 5,000m drilling program, with an option to extend it to 10,000m at key targets.

Through ongoing mapping, a high-priority lithium target, Target Area 7, was identified. This 650m area features fractionated pegmatites, highly prospective for lithium-caesium-tantalum (LCT) mineralisation.

The first diamond drill hole encountered a broad zone of multi-phase pegmatite, with individual pegmatite zones up to 57m thick. Interpretation of the results indicates that these pegmatites are hosted in a significant structural corridor. The second drill hole at Target Area 7 intersected a swarm of pegmatites extending 520m downhole.

In Target Areas 1 and 2, maiden drill program reported the widest intersection at 15.3m at 0.53% Li₂O, with peak assay grades exceeding 2% Li₂O. The findings indicate a shallow-dipping pegmatite system, potentially forming a stacked structure extending deeper than current drilling limits.

RDN has engaged a new technical team with expertise in lithium exploration to lead exploration activities across the Andover North & South projects.

Mt Sholl Project: Heritage Approvals and Drilling Program

First Quantum Minerals, under an MoU with RDN, completed a heritage survey with the Ngarluma Aboriginal Corporation (NAC) over priority copper-nickel-PGE targets at Mt Sholl. The final heritage report confirmed no cultural heritage concerns, allowing the drilling program to proceed. Moreover, the PoW for the planned campaign received necessary approvals.

During the reported period, First Quantum commenced 2,467m drilling across 10 holes, targeting new mineral zones and direct extensions of the defined JORC Exploration Target.

In February 2025, the company reported promising drilling results, identifying potential extensions to existing nickel-copper-cobalt mineralisation and new targets in the Keel area. Pending assays for platinum group elements and gold could potentially further enhance the results.

Arrow Project: Advancing Gold Exploration

RDN, in collaboration with Mallina Co Pty Ltd, concluded an archaeological and anthropological heritage survey with the Kariyarra Pirnthurrna claimant group over the gold targets at the Arrow Project area. With regulatory approvals secured, Mallina initiated an air-core (AC) drilling campaign at the Project (E47/3476), targeting Hemi-style orogenic gold deposits.

The program included 79 drill holes spanning 3,007m, testing six high-potential zones based on soil sampling and magnetic data analysis.  Additional analysis and exploration efforts are planned to refine potential drill targets.

In the recent half year period, the company continued to advance its portfolio of lithium, copper-nickel-PGE, and gold assets.

RDN shares were trading at AU$0.005 per share at the time of writing on 17 March 2025.