Here’s a summary of lithium exploration and results for...

Here’s a summary of lithium exploration and results for companies at different stages of their projects, including Raiden Resources (ASX: RDN), Azure Minerals (ASX: AZS), and Liontown Resources (ASX: LTR):Raiden Resources (RDN) - Andover SouthStage: Early exploration.Key Results: Recent sampling yielded lithium oxide (Li₂O) grades as high as 1.53%. Pegmatites were mapped across a strike length of 650 meters, with widths of up to 2 meters. The project is focused on defining mineralized zones ahead of its maiden drilling campaign【33†source】【34†source】.Azure Minerals (AZS) - Andover ProjectStage: Advanced exploration.Key Results: Recent updates indicate a mineral resource estimate of 141 million tonnes at 1.24% Li₂O, positioning it as a significant lithium resource in the Pilbara region. The resource includes both high-grade spodumene concentrate and other valuable minerals like tantalum【32†source】【34†source】.Liontown Resources (LTR) - Kathleen ValleyStage: Development phase, nearing production.Key Results: One of the most advanced lithium projects, with a mineral reserve of 156 million tonnes at 1.4% Li₂O. Construction of mining and processing facilities is underway, targeting production in 2025. The project has secured multiple offtake agreements, showcasing its commercial readiness【32†source】【34†source】.Comparison TableCompanyProjectStageResource Estimate (Li₂O Grade)NotesRaiden ResourcesAndover SouthEarly exploration1.53% (peak sample result)Mapping ongoing, maiden drill campaign planned.Azure MineralsAndover ProjectAdvanced exploration141 Mt @ 1.24%Significant resource defined in the Pilbara.Liontown ResourcesKathleen ValleyDevelopment156 Mt @ 1.4%Advanced with offtake agreements and construction.Observations:Raiden Resources is in the initial stages of exploration and has identified promising targets, but its project is still in a high-risk phase with no defined resource yet.Azure Minerals is further along, with a robust resource estimate that underpins its potential as a significant lithium player.Liontown Resources is leading with an advanced project nearing production, supported by strong commercial partnerships.Each company offers varying risk-reward profiles depending on their project maturity. Raiden is speculative, Azure offers growth potential, and Liontown is positioned for near-term revenue.