Raiden Resources Limited (ASX:RDN) has announced the granting of the key tenement E47/4062 for the Andover South Project, along with the submission of a Programme of Work (PoW) for diamond drilling to the Department of Mines, Industry Regulation and Safety (DEMIRS) for approval. The Company is now in the final stages of reviewing contracts for drilling and earthmoving contractors, with the diamond drilling program set to commence upon approval of the PoW and mobilization of the contractors to the site.
Management has been striving to achieve this milestone, so with the tenement now granted and with the approval of the PoW the only outstanding step to drill, we are pleased to be in a position to finally test the potential of this exciting project. As recently announced, management have made significant strides, not only in advancing the Andover South Project, but also over the JV partner funded programs at the Arrow gold and Mt Sholl Cu-Ni-Cu-PGE projects. With three projects planned for drilling across our portfolio, we are pleased to provide our shareholders with what we believe is an exciting opportunity for exploration success across multiple projects and a spectrum of commodities including copper, gold and lithium.
Raiden Resources has achieved significant milestones with the granting of the key tenement E47/4062 and the submission of the PoW for diamond drilling on the Andover South Project. The Company anticipates the approval of the PoW within three weeks of submission, following which the diamond drilling program will commence. The finalization of contracts for drilling and earthmoving contractors is underway, signaling the Company's readiness to mobilize for planned works. With the recent progress, Raiden Resources aims to explore the potential of the Andover South Project and other projects in its portfolio, offering shareholders an exciting opportunity for exploration success across multiple commodities including copper, gold, and lithium.