RDN raiden resources limited

Seanshare,Well arrow and Mt sholl are off the table due to...

  1. 6,113 Posts.
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    Seanshare,

    Well arrow and Mt sholl are off the table due to jvs.

    I've never been 100% comfortable on risky countries either.

    That leaves them with Andover. I do believe lithium sector recovers.

    If it were me I would continue with Andover, but low spend. Various airiel surveys, float and stream samples.

    I'd grid the entire Andover tenement package on 100m x 100m surface recon.

    Most is under soil Cover so that and imaging is needed.

    Is cheap to do, is what nae did at Wagyu.

    For me, I always do alot of soil sampling, before committing to expensive drilling. Drilling is a waste if you know nothing about youre Geology.

    Is what happened at Andover, they got Li in chips on surface and drilled them, knew nothing about depth and we all know what happened.

    Outside that, there only option is picking up some mothballed tenaments.

    The old navarre grounds in Vic I'd target, esp morning bill. I prospected the area about 30 years ago, well before more recent finds there.

    Great ground around Stawell in vic, foserville area etc. Old deep leads there, Inc the Albury leed that heads up to Mildura under the Murray River Flat.

    Vuzel, if they get ozs up, that could be worth 50-100m to the right buyer.

    There is alot to like about raiden, esp when it can be bought for its cash value. But there will be no exciting exploration finds to be had for some time generally.
    Last edited by mode1971: 02/05/25
 
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