Raiden Resources Concludes Air-Core Drilling at Western Australia Project; Shares Down 8%

MT Newswires Live

Nov 19, 2024

Raiden Resources (ASX:RDN) completed a 79-hole air-core drilling program over the Arrow project in Western Australia, according to a Monday filing with the Australian bourse.

The program targeted six areas and focused on prospects linked with magnetic intrusive bodies, shear zones, and hydrothermal alteration, the filing said.

The company's joint venture partner, Mallina, finances all gold exploration activities on the project, with the company holding 100% of the lithium-cesium-tantalum rights, according to the filing.

Raiden Resources shares fell nearly 8% in morning trade Tuesday.

Price (AUD): $0.02, Change: $-0.002, Percent Change: -7.69%

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