Can Raiden’s New Drilling Program Unlock High-Grade Lithium at Andover South?
Raiden Resources Limited
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Can Raiden’s New Drilling Program Unlock High-Grade Lithium at Andover South?

Raiden Resources Limited has received approval for the Program of Work (PoW) for tenements E47/4061 and E47/4062, the final requirement before drilling can commence at the Andover South Lithium Project. The approval marks a significant milestone for Raiden as it prepares to embark on an aggressive drilling campaign targeting high-grade pegmatite formations in the Pilbara region of Western Australia.

Mobilization and Contractor Engagement Underway

With the PoW approvals secured, Raiden is moving swiftly to finalize contracts with drilling and earthmoving contractors. The company anticipates awarding these contracts imminently, with drilling operations expected to commence within two weeks. Preparatory work, including the mobilization of drill rigs and site access preparations, is already underway.

Dusko Ljubojevic, Managing Director of Raiden Resources, expressed enthusiasm for the upcoming drilling activities: “With the administrative matters now completed, the entire Raiden team is eager to mobilise the drill rigs to Andover South as quickly as possible. We have made excellent progress in setting up the logistics and technical planning over the past months, which will allow the team to move into an aggressive drill testing campaign of these very exciting, high-grade pegmatite targets.

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High-Grade Pegmatite Targets at Andover South

The Andover South project area, which spans tenements E47/4061 and E47/4062, has been identified as a high-potential site for lithium due to the presence of high-grade pegmatites mapped over a strike extent of more than four kilometers. The commencement of drilling will enable Raiden to test these targets extensively, providing critical data on the project's lithium potential.

Strategic Asset Portfolio Spanning Multiple Regions

Raiden Resources’ asset portfolio includes a diverse range of projects across Australia, Serbia, and Bulgaria. In addition to its lithium interests at Andover South, the company holds projects focused on copper, gold, nickel, and platinum group elements (PGE). Key assets include the Mt Sholl nickel-copper-cobalt-PGE project and the Arrow gold project, also located in the Pilbara region.

Next Steps: Contract Awards and Site Preparations

Raiden’s immediate focus is on finalizing contractor negotiations and completing site preparations. Drilling operations are expected to begin as soon as logistical arrangements are in place, with Raiden positioning itself to rapidly advance its exploration efforts. The company’s ability to mobilize quickly reflects its strategic planning and readiness to capitalize on the favorable conditions at Andover South.

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