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Highlights
- Raiden has signed a binding agreement to acquire an 85% commercial interest in the Crixás Gold Tailings Project in Goiás, Brazil.
- The project comprises a large valley-fill gold tailings deposit from historical artisanal mining, with significant gold believed to remain unrecovered.
- Existing on-site infrastructure includes a camp, workshops, offices and a 30tph processing plant.
- As per terms of the agreement, the company is entitled to 85% of the operating profits.
- Raiden plans to evaluate and initiate a feasibility study for the construction of a 100tph gravity processing plant.
Raiden Resources Limited (ASX:RDN) (DAX:YM4) has executed a binding agreement to acquire an 85% commercial interest in the Crixás Gold Tailings Project in Goiás State, Brazil. Crixás comprises a large, valley-fill gold tailings deposit, derived from decades of intensive artisanal mining, where large volumes of gold-bearing material are believed to remain unrecovered.
The transaction aligns with Raiden’s corporate strategy of securing value-enhancing opportunities on a per-share basis.
Well-Located Project with Existing Infrastructure
The site is supported by sealed road access, nearby water and power availability, and on-site facilities including workshops, offices, a messing hall and a third party-owned 30tph processing plant.
Raiden considers the existing plant a short-term option that could enable an early-production scenario, helping to generate operating cashflows before the potential development of a dedicated 100tph processing plant, which will be assessed in a Feasibility Study.
Transaction Terms and Profit-Share Structure
Under the agreement, Raiden has secured the exclusive rights to explore and develop the Project and will fund all associated work. The company is required to complete a feasibility study for a minimum 100tph gravity processing plant and, subject to approvals, fund the construction and commissioning of the facility.
Raiden will operate the Project and receive 85% of operating profits from gold sales, while the vendor will receive the remaining 15%. The transaction includes a consulting fee of USD 10,000 per month to the vendor for the first six months to support the initial exclusivity period and early technical work. These consulting services are intended to assist with administration, technical support, and the facilitation of permitting and community engagement.
The Project carries an existing unsecured debt of approximately USD 650,000, with Raiden funding 85% of any agreed repayment schedule. A finder’s fee payment to a third party includes AUD 50,000 in Raiden stock and AUD 40,000 in cash, due upon completion.
Next Steps for Crixás
Following a site visit and initial due diligence, Raiden is optimistic that the Crixás Project can be advanced toward a near-term, low-CAPEX production scenario. The company plans to initiate an evaluation and potentially a feasibility study for the construction of a 100tph gravity processing plant.
The company will continue to evaluate additional acquisition opportunities and assess farm-out and divestment options for non-core assets as part of its broader strategy.
RDN shares were trading at AUD 0.006 per share at the time of writing on 20 November 2025.
