RAIDEN RESOURCES (ASX:RDN) RDN has snapped up five tenements in...

RAIDEN RESOURCES (ASX:RDN)

RDN has snapped up five tenements in the highly-prospective Andover lithium complex surrounding Azure Minerals’ recently discovered lithium resource.
It has acquired an 80% interest for $415,000 in cash and shares for tenements northwest and southwest of the known Andover strike corridor and are adjacent to the company’s Roeburne lithium project.
RDN MD Dusko Ljubojevic said the purchase positions Raiden with a prospective lithium portfolio in the district and complements its other projects.
“The recent lithium discovery by Azure Minerals has positioned the Pilbara as one of the most desired jurisdictions for lithium explorers.
“The project area is also considered highly prospective for nickel sulphide mineralisation, with two of the tenements being adjacent to the high-grade Andover/Ridgeline deposit.
“The nickel sulphide potential of these tenements provides further upside potential to the company’s flagship Mt Sholl nickel-sulphide deposit, located in the same district.”
Plans for evaluation and field work of these recent acquisitions, along with the remaining projects in the Pilbara, are ongoing.