Raiden Resources Limited (ASX:RDN) is a dual-listed mineral exploration company focused on discovering economically viable deposits of lithium, nickel, copper, gold, cobalt, platinum group elements and other base metals. The company holds a diversified portfolio of projects including the flagship 100%-owned Mt Sholl nickel-copper-cobalt-PGE project and the Andover North-South Lithium Project in Western Australia's Pilbara region; the Arrow gold and lithium-caesium-tantalum project in the Pilbara; and multiple copper-gold projects in the Western Tethyan belt such as Majdanpek West, Zlatusha, Vuzel, Kalabak and Tolisnica Stanca in Serbia and Bulgaria. Operations span Australia, Serbia and Bulgaria, with headquarters in Victoria Park, Western Australia; the company traces its listing history to 1987.
Recent developments include a $10 million capital raise in October 2024 to expand drilling at the Andover South Lithium Project from an initial 5,000 metres to up to 15,000 metres following promising spodumene observations; completion of heritage surveys and Programme of Work approvals enabling maiden diamond drilling at Andover South; entry into a binding earn-in agreement in May 2024 with Mallina Co Pty Ltd securing 100% rights to lithium-caesium-tantalum mineralisation at the Arrow project; consolidation of 100% mineral rights across the Mt Sholl project through strategic transactions including an MOU for potential partnerships while retaining significant exposure; amendments to the Zlatusha Project agreement with Velocity Minerals extending terms by two years; and issuance of over 20 million new shares in late 2024 from exercised options to support ongoing exploration.