So you deny anything for Raiden’s tenement? If so, by your own admissions here, you say AZS drilled for nickel for years, 200 holes for 80,000m of core and did not hit a single pegmatite, but then suddenly all those pegmatites elsewhere in Azure’s tenement suddenly grew? Wow, quick growing spod rich pegmatites. It just means that they never looked elsewhere for years, and had they, they would have discovered the nearby lithium a lot earlier, which they did last year. So therefore, Raiden is quite capable of also doing the same thing.
Sorry for the sarcasm, but have you ever considered that numerous different commodities can be found in a relatively small area? When I say that, I mean over an area of land the size of Azure’s and Raiden’s, even ERW’s, there are different formations of geology formed through various forces over millions or even billions of years.
Just because Azure never found any pegmatites close to where Raiden is drilling, it does not mean there aren’t pegmatites in Raiden’s tenements. You may as well say Azure has now discovered the only lithium in Pilbara. I bet there are probably hundreds if not thousands of locations all over WA, if not elsewhere where there are numerous as yet undiscovered resources, lithium, rare earths, gold, nickel, copper, the list goes on. Reason - It is the oldest land mass in the world rich with resources that formed over those billions of years. We just don’t go digging every square metre of our country as that is obviously not possible.
RDN Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)