Raiden Resources (ASX:RDN, DAX:YM4) Takes Full Control of Arrow Gold Project as Mallina Opts Out

June 17, 2025 10:35 AM AEST | By Sonal Goyal

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Raiden Resources (ASX:RDN, DAX:YM4) Takes Full Control of Arrow Gold Project as Mallina Opts Out — Image source: Company Update

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Highlights

Mallina has completed initial AUD 600k expenditure and 3,000m of AC drilling at the Arrow Gold Project.

Mallina has elected not to proceed to the second stage of the earn-in agreement, involving 17,000m of drilling.

Raiden has retained full ownership of the Arrow Gold Project.

Raiden is assessing the potential of the project by integrating data generated by Mallina.

Raiden Resources Limited (ASX:RDN; DAX:YM4) has issued an update regarding the Arrow Gold Project, following recent developments under its binding earn-in agreement inked with Mallina Corporation in May 2024. Under the terms of the agreement, Mallina committed to a minimum exploration expenditure of AUD 600,000 within a year of execution of agreement, which included a minimum 3,000m of aircore (AC) drilling.

Raiden confirmed that Mallina has fulfilled the initial terms of the agreement. However, Mallina has chosen not to proceed to the next stage of the agreement, which would have required an additional 17,000m of diamond or reverse circulation (RC) drilling. This next stage would have entitled Mallina to earn a 51% interest in the gold rights of the relevant tenements.

Following this development, Raiden will retain 100% ownership of the Arrow Gold Project.

Further Exploration Plans Under Evaluation

Raiden has reiterated its view that the Arrow Gold Project holds potential for gold mineralisation and is assessing options for further exploration by integrating additional data generated by Mallina during their initial investment and drilling campaign.

Raiden has confirmed that the tenement hosting the Arrow Gold Project remains in good standing.

Details of the Arrow Gold Project

At the Arrow Project, multiple gold exploration targets have been identified within the tenement area following geological mapping, soil geochemistry, detailed magnetic surveys, and both RC and AC drilling activities. The project is located within the highly prospective Mallina Basin and is just ~32 kilometres from ASX-listed De Grey Mining’s Hemi gold discovery, along the same structural corridor. Raiden considers the project's location and geological setting to offer ‘substantial’ potential to host significant orogenic gold mineralisation.

RDN shares were trading at AUD 0.005 per share at the time of writing on 16 June 2025.

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