Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Raiden Resources Limited ( (AU:RDN) ) has provided an announcement.
Raiden Resources is advancing due diligence on the Crixás Gold Tailings Project in Brazil, where it has secured rights to acquire an 85% commercial interest over a 28.79-hectare valley-fill gold tailings deposit near Crixás. Historical artisanal mining used low-recovery methods, and Raiden’s preliminary panning has identified visible fine gold, supporting the potential for a recoverable gold resource pending confirmatory drilling and metallurgical work.
During the March 2026 quarter, the company submitted documentation and technical studies as part of the environmental licensing process, with the licence subsequently re-issued and approved by the mining authority post-quarter, paving the way for a ~1,000m drilling program to define a JORC-compliant mineral resource estimate. Raiden plans to fast-track metallurgical evaluations focusing on gravity and possible flotation processing routes, targeting a final investment decision with less than A$1m of additional work, while its A$12.33m cash balance underpins ongoing acquisition reviews and potential divestments or joint ventures to optimise its portfolio and reduce holding costs.
More about Raiden Resources Limited
Raiden Resources Limited is an ASX- and DAX-listed exploration company with an asset portfolio spanning Australia and Bulgaria, focused on lithium, gold, copper, nickel, platinum group elements and silver. The company targets early-stage and advanced exploration opportunities, and is currently expanding into Brazil through the evaluation of a gold tailings project near Crixás, aiming to unlock value from historically mined areas.
Technical Sentiment Signal: Sell
Current Market Cap: A$15.53M
See more data about RDN stock on TipRanks’ Stock Analysis page.