Raiden Resources Confirms nickel-copper-PGE mineralisation in first holes at B2, WA
- Raiden Resources (RDN) receives initial “high-grade” results from maiden drilling at the B2 deposit within its Mt Sholl project in Western Australia
- Results include 24.5 metres at 1.27 per cent nickel equivalent from 43 metres, confirming broad, near-surface nickel-copper-platinum group element sulphide mineralisation at B2
- MD Dusko Ljubojevic says the results are “very encouraging” and support RDN’s belief that Mt Sholl has the potential to be Australia’s “next exciting nickel-copper-PGE deposit”
- The company is waiting on assays for the remaining drill holes, which have all intersected visual mineralisation
- Raiden shares are up 12.5 per cent to trade at 0.9 cents at 11:56 am AEDT
