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Highlights
- Raiden Resources is progressing maiden drilling at the Andover South Lithium Project.
- To date, nearly 3,500m of drilling have been completed.
- The drilling program has been expanded to include target areas 3, 4, and 7, with access preparations underway.
- Initial batch of core samples from the first 12 drill holes has been sent to a Perth lab for assay analysis.
- Initial assays are anticipated in November.
Raiden Resources Limited (ASX:RDN, DAX:YM4) has reported progress in its ongoing drilling program at the Andover South Lithium Project. The maiden diamond drilling program is currently underway, with two drill rigs operating on targets 1 and 2.
So far, approximately 3,500m of drilling have been completed, and the campaign has been expanded to test additional target areas.
Andover South lithium project location in relation to associated infrastructure and portfolio projects
Image Source: RDN Update
The current scope of drilling has been extended to include target areas 3, 4, and 7 with preparations underway to access these areas for maiden drilling.
In a recent development, the first batch of core samples from the initial 12 drill holes, totalling 2,240.4m, have been submitted to a Perth laboratory for assay analysis. The company intends to continuously transport samples for real-time data to support the technical team throughout the campaign.
Preliminary assay results are expected in November.
RDN shares were trading at AU$0.035 apiece at the time of writing on 7 November 2024.
