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- Raiden Resources (RDN) signs a native title and heritage exploration agreement with the Ngarluma Aboriginal Corporation over 13 licences in the Mt Sholl project in WA
- The agreement allows Raiden to engage with the Traditional Owners to undertake heritage surveys across the project and avoid areas of cultural significance
- The company is planning a heritage survey in late August to cover its panned drilling program
- Drilling is planned to commence as soon as the heritage survey is completed
- RDN shares are in the grey and trading at 0.8 cents each as of 12:24 pm AEST
Raiden Resources (RDN) has signed a native title and heritage exploration agreement with the Ngarluma Aboriginal Corporation (NAC) over 13 licences in the Mt Sholl project in WA.
The agreement allows the company to engage with the Traditional Owners to undertake heritage surveys across the project and avoid areas of cultural significance.
Raiden is planning a heritage survey in late August to cover its panned drilling program.
The drilling program plans to convert the exploration target across three deposits into compliant resources, evaluate platinum group elements (PGE) and cobalt mineralisation throughout the deposits and test direct extensions of mineralisation.
Drilling is planned to commence as soon as the heritage survey is completed, Raiden told the market.
The Mt Sholl exploration target includes around 80,000 metres of drilling across the A1, B1, and B2 deposits and has been evaluated as ranging between 20 to 40 million tonnes of nickel and copper sulphide mineralised rock with grades ranging from 0.5 per cent to 0.75 per cent nickel equivalent.
“We would like to thank the Ngarluma Aboriginal Corporation for their support in
reaching this significant milestone for Raiden,” Managing Director Dusko Ljubojevic said.
“This NTA is a major step forward for the company, with access now available for the drill definition of what we believe to be an exciting, and substantial, nickel-copper-cobalt-PGE
project.”
On the market, RDN shares were in the grey and trading at 0.8 cents each as of 12:24 pm AEST.
