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Raiden Resources Limited ( (AU:RDN) ) just unveiled an update.
Raiden Resources Limited has commenced a Phase 2 drilling campaign at the Vuzel Gold Project, expanding its planned drilling from 2,000m to 4,000m, and has identified a potential feeder zone, reinforcing the project’s potential as a substantial near-surface gold system. The company has retained 100% ownership of the Arrow Gold Project after Mallina chose not to proceed with the next stage of the farm-in. Raiden is also focusing on disciplined cash management, cost optimization, and strategic exploration and acquisition to enhance shareholder value, prioritizing projects with strong potential for value-accretion and aligning with its preferred commodity exposure.
More about Raiden Resources Limited
Raiden Resources Limited is a company involved in the exploration and development of mineral resources, focusing on commodities such as lithium, gold, copper, nickel, and platinum group elements in Australia, and copper, gold, and silver in Bulgaria.
YTD Price Performance: 36.36%
Technical Sentiment Signal: Sell
Current Market Cap: A$15.53M
Find detailed analytics on RDN stock on TipRanks’ Stock Analysis page.