Why Has Raiden Resources Undertaken an Infill Soil Sampling Program at Mt Sholl?
Raiden Resources Limited
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Why Has Raiden Resources Undertaken an Infill Soil Sampling Program at Mt Sholl?

Raiden Resources Advances Mt Sholl Lithium Project with Infill Soil Sampling and Collaborative Efforts

A New Phase in Lithium Exploration at Mt Sholl

Raiden Resources Limited (ASX: RDN, DAX: YM4), a dynamic player in the mining sector, has commenced a vital infill soil sampling program at its Mt Sholl Lithium Project (E47/3181), marking a new phase in its exploration activities. This initiative follows the success of the company's initial soil sampling program, which identified significant lithium-in-soil trends in the region.

Unveiling Lithium Potential: Key Findings from Previous Soil Sampling

The previous soil sampling at Mt Sholl has delineated promising lithium trends:

A 3. 5km strike with a peak value of 298ppm Li2O in the north-central part of the tenement.
Another trend in the south-eastern part, spanning 2. 5km with a peak value of 404ppm Li2O.

These findings have set the stage for the current infill soil sampling, aiming to closely define potential lithium mineralization in these areas.

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Ni-Cu Soil Anomalies: A Parallel Focus

Simultaneously, Raiden is addressing Ni-Cu soil anomalies on behalf of First Quantum Minerals Ltd. This includes:

Two Nickel-in-soil trends, each with a coherent 1. 2km strike length, and a peak value of 1,770ppm Ni in the west-central part of the tenement.

First Quantum's IP Survey: A Step Towards Exploration Progress

First Quantum Minerals Ltd has completed an IP (Induced Polarization) survey over the B2 Ni-Cu-PGE deposit, as part of their due diligence. The results are still pending, but the completion of this survey is a crucial step in advancing the project's exploration.

Raiden’s Expanding Rights and Responsibilities

Raiden has recently acquired 100% of the LCT (lithium-caesium-tantalum) & Ni-Cu-PGE Mineral Rights at Mt Sholl, consolidating its position in the region. This move reflects the company's commitment to exploring and developing these valuable resources.

Engagement with Traditional Owners: A Commitment to Sustainable Practices

In its endeavors, Raiden is working closely with the Ngarluma Aboriginal Corporation, reflecting a commitment to responsible and sustainable exploration practices. This collaboration includes scheduling heritage surveys across the Andover South and North project areas, ensuring that cultural and environmental considerations are at the forefront of their operations.

Management’s Vision: Forward-Thinking and Stakeholder Engagement

Dusko Ljubojevic, Managing Director of Raiden, emphasized the company's operational momentum and continuous stakeholder engagement. He highlighted the dual focus on the Ni-Cu project and the lithium trend at Mt Sholl. Ljubojevic also underlined the importance of completing heritage surveys across the Andover project area, a key objective for the company.

A Promising Future for Mt Sholl

Raiden Resources Limited's comprehensive approach to the Mt Sholl Project, balancing the exploration of lithium and nickel-copper trends and engaging with local communities and stakeholders, paints a promising picture for the future of this project.

With the pending results of the IP survey and the ongoing infill soil sampling program, Raiden is poised to unlock the potential of Mt Sholl, contributing significantly to the global demand for critical minerals like lithium, essential for the burgeoning renewable energy sector.

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