Raiden Resources (ASX: RDN) has been actively progressing its Andover South lithium project. The company recently raised $10 million to significantly expand its drilling program from 5,000 meters to up to 15,000 meters, targeting seven zones of pegmatites spanning over 4.2 km. Encouraging surface sample results have shown lithium oxide (Li₂O) grades up to 3.80%, with additional spodumene observed in some target zones. This suggests the potential for substantial lithium mineralization in the area.Drilling efforts are focused on evaluating target areas at greater depths, with more rigs being mobilized to accelerate exploration. Raiden plans to deliver regular updates as laboratory results from the expanded drilling become available【51†source】【52†source】.Given the project's proximity to established lithium resources and the high-grade samples identified, expectations for the drilling results are optimistic. If significant lithium intersections are confirmed, it could positively impact the company’s valuation and market sentiment.
RDN Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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