Raiden Resources Ltd (ASX:RDN) Satisfies Investment Criteria to Enable 75% Ownership of Vuzel Gold Project

May 22, 2025 01:08 AM AEST | By Sonal Goyal

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Raiden Resources Ltd (ASX:RDN) Satisfies Investment Criteria to Enable 75% Ownership of Vuzel Gold Project — Image source: Company Update

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Highlights

Raiden Resources has satisfied the Phase 2 earn-in conditions for the Vuzel Gold Project, following ongoing exploration success from the 2^nd phase drill campaign

The company will be able to increase its ownership in the Vuzel Gold Project from 51% to 75%.

A clear pathway remains for Raiden to further increase its interest to 90% upon defining a JORC-compliant mineral resource.

Recent M&A activity in the region highlights the strategic potential of the Vuzel project.

Raiden plans to advance exploration targeting across a 3–4km prospective strike zone defined by anomalous gold values.

Raiden Resources Limited (ASX:RDN) has satisfied the Phase 2 investment conditions under the earn-in agreement for the Vuzel Project. As a result, the company will now initiate administrative procedures to increase its ownership in Vuzel Minerals EOOD from 51% to 75%.

Vuzel Minerals EOOD holds the licence for the Vuzel Gold Project, located in south-eastern Bulgaria. Exploration findings to date suggest that Vuzel could potentially host a large, near-surface gold system with a high-grade component.

Stage 2 Earn-In Completed

Raiden initially entered into an earn-in agreement for the Vuzel Project in 2019. The completion of the Stage 2 earn-in follows ongoing exploration success, with the project emerging as a key strategic asset within Raiden’s portfolio.

Notably, the company maintains the right to further increase its interest to 90% upon the definition of a JORC-compliant mineral resource.

Should ongoing exploration confirm a viable mineral resource, Raiden believes the project’s proximity to existing third-party processing facilities could present operational synergies, subject to further technical and economic evaluations.

Additionally, recent merger and acquisition activity in the region highlights the potential strategic value of the Vuzel Project within the company’s broader asset portfolio.

Raiden has also announced plans to advance exploration activities across a 3–4 km prospective strike, defined by anomalous gold values.Top of FormBottom of Form

RDN shares were trading at AUD 0.006 per share at the time of writing on 22 May 2025.

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