Raiden Resources (ASX:RDN) commences drilling on Andover South lithium project

Raiden Resources Limited (ASX:RDN) has initiated drilling activities on the Andover South Lithium Project in Western Australia. The program is designed for an initial 5,000 metres of diamond drilling, expandable to 10,000 metres, with the first phase expected to conclude in November 2024. The focus is on Target Area 1, characterized by high-grade mineralisation and wide, outcropping pegmatites. Further field mapping and target evaluation are ongoing to define additional potential drill targets on tenements E47/4061 and E47/4062.

Executive Commentary on Andover South Lithium Project

Mr Dusko Ljubojevic, Managing Director of Raiden, expressed excitement about the commencement of drilling activities on the Andover South lithium project. He highlighted the initial program's focus on defining the dip and dip directions of the outcropping pegmatites, which will lead to further drill confirmation at depth. Mr Ljubojevic also mentioned the anticipation of receiving and promptly informing the market of the initial results.

Summary of ASX Announcement

Raiden Resources Limited (ASX:RDN) has commenced drilling activities on the Andover South Lithium Project, with a program designed for initial 5,000 metres of diamond drilling expandable to 10,000 metres. The focus is on Target Area 1, characterized by high-grade mineralisation and wide, outcropping pegmatites. Further field mapping and target evaluation are ongoing to define additional potential drill targets. Additionally, the board proposes a performance share incentive plan for the next Annual General Meeting to align the board's interests with those of the shareholders, reflecting the company's exciting prospects over the next six months. The company's diversified asset portfolio positions it well to unlock value from its exploration projects and deliver significant mineral discoveries.