Daily Discussion, page-2611

An extract from *, 10 Nov 23.

Accordingly, Raiden so far has the highest grade to date at Andover South.

As the saying goes, hold onto your seat!

Exceptional’ lithium results and additional spodumene confirmed

RDN’s rock chip sampling, carried out as part of detailed mapping undertaken in September to pave the way for drill planning, has now returned the highest grade lithium results (3.8% Li2O) defined to date at Andover South.

Of the 143 rock chip samples collected from outcrops at the project in the latest campaign, 34 returned assays of more than 1% Li2O – providing further encouragement to the company about the high-grade nature of outcropping pegmatites at Andover South.

Mapped pegmatites with current and previously reported rock chip sampling samples at Andover South. Pic: Supplied (RDN).

Additionally, XRD analysis on whole rock chip samples collected in August confirmed that spodumene is likely to be the dominant lithium-bearing mineral at the project, though this may not be representative of the entire mineralised system.

“While the high-grade results from Andover South continues to impress us, we are particularly excited by the definition of further mineralised pegmatites on the western periphery of the high-grade trend we have defined to date,” managing director Dusko Ljubojevic said.

“The western anomalies are reporting the highest grades defined to date and are characterised by multiple pegmatites.

“The work we have undertaken over the last quarter is yielding multiple high-value targets for the planned drill campaign. Drilling will be initiated as soon as the heritage surveys are completed and the Program of Work has been approved by the Department of Mines, which management is advancing as a key priority.

“We will continue to evaluate the prospects, which will hopefully result in further high-priority targets. At the same time we are progressing with the evaluation of the entire portfolio of projects for LCT (lithium-caesium-tantalum) mineralisation.”