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Highlights
- Approval for the Program of Work (PoW) has been secured for the E47/4061 and E47/4062 tenements at the Andover South Lithium Project.
- The approval enables Raiden to advance its drilling campaign across the project area.
- Final reviews and negotiations with drilling and earth-moving contractors are expected to conclude soon.
- Drilling operations are anticipated to begin within two weeks.
Raiden Resources Limited (ASX:RDN, DAX:YM4) has received approval for the Program of Work (PoW) for the E47/4061 and E47/4062 tenements at the Andover South Lithium Project. With this final regulatory approval, the company is now set to advance its drilling campaign across the project area.
Ready for drilling
This recent PoW approval allows RDN to proceed with its comprehensive drilling program across the entire project, where the company has mapped high-grade pegmatites over a >4km strike extent.
Final reviews and negotiations with drilling and earth-moving contractors are underway and are expected to conclude shortly.
With regulatory approvals in place and logistics nearing completion, the company is expecting to commence drilling operations within two weeks, allowing time for drill rig mobilisation and site access preparations.
RDN shares trade higher
RDN shares were trading at AU$0.033 apiece, up over 6%, at the time of writing on 16 September 2024 with a market cap of AU$85.84 million.
