Raiden Resources Ltd (ASX:RDN) managing director Dusko Ljubojevic discusses the company's current projects and future prospects in an interview with Proactive's Stephen Gunnion.
The ASX-listed exploration company has projects in the Western Tethyan Copper-Gold belt in Eastern Europe, as well as in Australia.
Ljubojevic noted that the primary focus is on the Andover South lithium project in Australia. This project is adjacent to a significant discovery by Azure Minerals, which has attracted an A$1.7 billion takeover by lithium heavyweight Sociedad Química y Minera de Chile (SQM). He said the project shows immense potential with pegmatites running up to almost 4% lithium oxide (LI2O).
Over the past six months, Raiden has concentrated on mapping and understanding the potential of the Andover South project, identifying a two-kilometre striking zone with multiple pegmatites. The project's spodumene is the dominant mineral, which is ideal for lithium extraction.
Besides Andover South, Raiden has secured 100% rights to the Mount Sholl and Arrow Gold projects. The Mount Sholl project, a copper-nickel-PGE deposit, has historical drilling of over 80,000 meters, indicating significant expansion potential. Raiden has partnered with First Quantum to advance this project towards final feasibility.
For now, Ljubojevic said the company is focused on securing a heritage survey over the target zones at Andover South ahead of a maiden drill campaign at the project.