Raiden Resources Limited ( (AU:RDN) ) has issued an update.
Raiden Resources Limited has reported significant progress in its exploration activities for the quarter ending March 2025. The company received assay results from its maiden drilling program at the Andover South Project, revealing high-grade lithium mineralization in certain target areas. Additionally, new mineralization extensions were identified at the Mt Sholl Ni-Cu-PGE Project, and gold anomalies were discovered at the Arrow Gold Project. The initiation of a second drilling campaign at the Vuzel Gold Project in Bulgaria marks continued exploration efforts. Financially, Raiden maintains a strong cash position of $14.9 million, with ongoing efforts to optimize expenses and reduce corporate overheads.
More about Raiden Resources Limited
Raiden Resources Limited is a company engaged in the exploration and development of mineral resources. It focuses on a diverse asset portfolio that includes lithium, gold, copper, nickel, and platinum group elements in Australia, as well as copper, gold, and silver in Bulgaria.
Technical Sentiment Signal: Buy
Current Market Cap: €7.64M
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