Highlights
- Raiden Resources received a preliminary heritage report for its Mt Sholl Cu-Ni-PGE project.
- The report confirmed no culturally sensitive areas in the planned drilling zones.
- The final report is anticipated in the coming weeks.
- All exploration and drilling activities at Mt Sholl are fully funded by First Quantum Minerals under the MOU agreement.
- RDN plans to commence drilling at the project as soon as PoW approval is obtained.
Raiden Resources Limited (ASX:RDN, DAX:YM4) has secured a preliminary heritage survey report for its Mt Sholl copper-nickel-PGE (Cu-Ni-PGE) project. This report marks a significant step forward in the company's efforts to commence drilling activities in the region.
The preliminary heritage survey was conducted by the Ngarluma Aboriginal Corporation (NAC) and focused on identifying culturally sensitive areas within the project’s priority target zones..
The report confirmed that the key target areas planned for drilling are free of culturally sensitive areas. This finding is crucial for Raiden, as it allows the company to proceed with its planned drilling program without concerns about disturbing sensitive cultural areas.
RDN shares traded at AU$0.031 apiece, up over 3%, at the time of writing on 3 September 2024.