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Raiden Resources Retains Full Ownership of Mt Sholl Project

Story Highlights
  • Raiden retains 100% ownership of Mt Sholl after First Quantum’s withdrawal.
  • Raiden benefits from extensive work by First Quantum, enhancing Mt Sholl’s development potential.
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Raiden Resources Retains Full Ownership of Mt Sholl Project

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An announcement from Raiden Resources Limited ( (AU:RDN) ) is now available.

Raiden Resources Limited has announced that it will retain 100% ownership of the Mt Sholl Project after First Quantum Minerals decided to withdraw from their Memorandum of Understanding. This decision allows Raiden to benefit from significant work completed by First Quantum, including drilling, geophysical surveys, and the discovery of new mineral targets. The company is now evaluating development options for the Mt Sholl Project, which is a significant nickel-copper-PGE sulphide deposit with potential for open-pit mining, aiming to maximize shareholder value.

More about Raiden Resources Limited

Raiden Resources Limited is a company involved in the exploration and development of mineral resources, with a focus on nickel, copper, and platinum group elements (PGE) deposits. The company’s asset portfolio includes projects in Australia and Bulgaria, targeting commodities such as lithium, gold, copper, nickel, and PGE.

Technical Sentiment Signal: Sell

Current Market Cap: A$17.25M

Find detailed analytics on RDN stock on TipRanks’ Stock Analysis page.

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