RDN 0.00% 2.2¢ raiden resources limited

Ann: Amended ASX Release - Roebourne Lithium Project Review, page-9

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    Rdn acquired Mt sholl and arrow near Degrey since 2020.

    They have added ground at Mt sholl and various points between then and now.

    Basically from what I can see they have been compiling and validating prior results.

    Due to the large amount that takes time.

    At Mt sholl for example most holes were twinning in the first campaign there.

    That needed to be done before drilling new areas and extending the strikes. Ie need to know what they have before putting money into it.

    So basically they have not advanced the Mt scholl.

    I expect the next campaign will as that should extend strike and test the contact zone at depth at Mt scholl.

    Up near Degrey, novo on the strike east and gor to the west should advance arrow by there discovery.

    Some deposits up there are intrusion related, efforts from novo and gor should make arrow less risky for Rdn as Rdn will know what to target better.

    Roebourne based on azure has greater than 50% chance of hitting li.

    So I'd think they will do field mapping intensity there first.

    Rdn are doing the correct things I feel. Ie validating first.

    They have top nickel and lithium ground at Roebourne and Mt scholl and are down strike from novo up near Degrey.

    If they hit lithium, they will not be there present 12m cap, but more like 100m cap I feel.

    I think a thorn in there side is these Serbian assets and other os assets.
    Last edited by mode1971: 22/06/23
 
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