Raiden Resources Limited (AU:RDN) has released an update.
Raiden Resources Limited has garnered a $10M investment through the placement of 312.5 million shares to expedite and enlarge its Andover South Lithium Project’s drilling program, aiming for up to 15,000 meters. The funding, supported by sophisticated investors, will allow for deeper exploration of high-grade lithium targets and a consistent flow of updates. The initiative comes on the heels of promising initial drill results and the discovery of spodumene mineralization, prompting the deployment of additional drilling rigs.
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