RDN -Raiden Resources Limited today closed up 24% to finish at 3.1c on $1.7m stock traded. There was no news out today but late last month they announced exploration results from its Mt Sholl North Project located in the Pilbara, WA.
An infill soil sampling program completed by its partner First Quantum Minerals Australia (FQMA) defined a new significant nickel anomaly extending over several kilometres along a WNW striking corridor.
The source of the nickel anomalies is not yet known but may be related to a potential VMS (Volcanogenic Massive Sulphide) system.
FQMA has the right to earn up to a 70% interest by sole funding exploration to a decision to mine, RDN retains gold and Lithium-Caesium-Tantalum rights over the project.
It is worth noting that its next-door neighbour Azure Minerals(AZS.asx) had a shareholder meeting yesterday which approved an acquisition from SQM Australia & Hancock Prospecting for $1.7 billion.
Ref- Rat's Rant.
Daily Discussion, page-5928
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $84.11M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.2¢ | 3.0¢ | $410.8K | 13.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3099916 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 1160786 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RDN (ASX) Chart |