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Raiden Resources Discovers High-Grade Lithium Deposits in Andover South — ASX:RDN| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$RDN
Raiden Resources Discovers High-Grade Lithium Deposits in Andover South
Mining company Raiden Resources has announced exceptional lithium results and additional X-Ray Diffraction (XRD) confirmation of spodumene at the Andover South project.
During detailed mapping in September 2023, the company undertook rock chip sampling that yielded the highest-grade lithium result defined so far from the Andover South tenements. These findings continue to indicate high potential for significant and mineralized Lithium-Tantalum-Caesium (LCT) pegmatites.
High-Grade Trend Continues to Impress
Raiden Resources Managing Director, Mr. Dusko Ljubojevic, responded positively to the assay results, saying that while the trend of high-grade results from Andover South continues to impress, the company is particularly excited by the definition of further mineralized pegmatites on the western periphery. The western anomalies reported the highest grades defined to date, characterized by multiple pegmatites. The work undertaken by the company in the last quarter is yielding multiple high-value targets for the planned drilling campaign, which will be initiated as soon as heritage
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surveys are completed.
Preparing for the Drill Campaign
Once the Program of Work (POW) has been approved by the Department of Mines, management will prioritize drilling at the high-potential sites identified through detailed mapping. Mr. Ljubojevic notes that they will continue to evaluate the prospects for further high-priority targets while progressing with the evaluation of the entire portfolio of projects for LCT mineralization.
XRD Analysis Confirms Spodumene as Dominate Lithium Mineral
The latest XRD analysis undertaken on the Andover South project has confirmed spodumene as the dominant lithium mineral. Mapping and sampling have also continued to support the defined high-grade Li2O trend within the central part of the pegmatite field. The field extends over 1.5km along the strike, with increased prospectivity at the western end of the zone. These results suggest that the Andover South project has a strong potential for high-grade lithium deposits.
Implications for Lithium Market
The discovery of high-grade lithium deposits at the Andover South project is positive news for the mining industry and the lithium market, as it may help meet the increasing demand for locally sourced lithium products. Lithium is a crucial component in the production of batteries, which power portable electronic devices and electric vehicles. Therefore, the availability of high-grade lithium deposits is essential for the further development of these technologies.
Impact on Raiden Resources
The discovery of high-grade lithium deposits at the Andover South project is positive news for Raiden Resources and its shareholders. The company will continue to evaluate the prospects for further high-priority targets while progressing with the evaluation of its entire portfolio of projects for LCT mineralization.
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L
Lykeshares
155d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
155d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares
1y
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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