Raiden Resources' Andover South Lithium Project shows promising potential, given its proximity to Azure Minerals' world-class Andover Lithium discovery. Recent exploration has identified seven target zones spanning approximately 4.2 km, with high lithium mineralization confirmed by surface samples showing grades exceeding 1% Li₂O, including notable results of 3.80% Li₂O, 3.64% Li₂O, and 2.97% Li₂O.Raiden recently raised $10 million to expand its drilling program from 5,000 meters to up to 15,000 meters, focusing on deeper drilling in target areas with observed spodumene-rich pegmatites. The company aims to accelerate the project and anticipates frequent updates as laboratory results are processed. Initial observations have supported the expansion, particularly in targets 1, 2, and 7【41†source】【42†source】.Compared to Azure Minerals' Andover Project, Raiden's Andover South is in earlier stages of development, but the expansion of exploration efforts and substantial funding position the company to capitalize on strong lithium demand. Azure's success in delivering high-grade lithium results has set a strong benchmark, and Raiden's ongoing efforts could lead to similar recognition in the market.If you need more specific details on the development timeline or comparisons, let me know!
RDN Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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