Raiden lands heritage survey for Andover

Raiden Resources (ASX:RDN) has secured a heritage survey for its Andover North Lithium Project in Western Australia, which is scheduled to begin on 2 April 2024. 

The $69 million market capitalisation company says the survey will focus on the areas interpreted to be underlain by the Andover complex ultramafic rocks, which host Azure Minerals’ (ASX:AZS) lithium deposit and defined spodumene-bearing pegmatites on its Andover South project. 

Upon completing the survey, Raiden will aim to begin with a targeted aircore drilling campaign, focused on defining potential pegmatites and form targets for follow-up diamond or reverse circulation (RC) drilling campaigns. 

Managing Director Dusko Ljubojevic says the project will be conducted immediately after the Andover South survey has begun, which allows the company to begin targeting work on Andover North, which may hopefully lead into a broader drilling program across both projects. 

Raiden Resources is a dual-listed lithium, base metals, and gold explorer focused on its assets across Australia. The company also holds mineral rights to multiple projects in Serbia and Bulgaria. 

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Images: Raiden Resources
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.