Raiden is on the map, and so are it’s high grade lithium targets. Pic: Getty Images.
Raiden ready to drill super targets south of world class Andover lithium deposit
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- Program of works approved for diamond drilling at Andover South
- Raiden has mapped up to 3.8% Li2O in pegmatites across a 4km-long strike
- Project abuts the Andover lithium project bought by SQM and Hancock Prospecting for $1.7bn this year
Special Report: A program of work has been approved for drilling at the E47/4061 & E47/4062 tenements at Raiden Resources’ Andover South, where high-grade lithium pegmatites of up to 3.8% Li2O have been mapped over more than 4km of strike.
Those rock chips could be just a glimpse of Andover South’s potential. It abuts the $1.7bn Andover project in WA’s Pilbara that was proved up by Azure Minerals and is now jointly owned by SQM and Hancock Prospecting after a takeover earlier this year.
The approved PoWs were the final requirement to commence drilling over the project area where Raiden Resources (ASX:RDN) is expediting drilling and earthmoving contracts.
Diamond drilling is anticipated to start within two weeks, following mobilisation and the completion of access preparations.
“With the administrative matters now completed, the entire Raiden team is eager to mobilise the drill rigs to Andover South as quickly as possible,” RDN MD Dusko Ljubojevic says.
“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.”
This article was developed in collaboration with Raiden Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
