{"id":705,"date":"2023-10-30T22:48:54","date_gmt":"2023-10-30T22:48:54","guid":{"rendered":"https:\/\/economicherald.net\/?p=705"},"modified":"2023-10-30T22:48:54","modified_gmt":"2023-10-30T22:48:54","slug":"one-of-the-asxs-top-stocks-of-2023-raiden-spots-visual-spodumene-in-the-pilbara","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=705","title":{"rendered":"One of the ASX\u2019s top stocks of 2023, Raiden, spots visual spodumene in the Pilbara"},"content":{"rendered":"

Raiden confirms visual spodumene \u2013 a lithium mineral \u2013 from outcropping pegmatites at Arrow project in Pilbara of WA
\nProject is directly north of Morella\u2019s pegmatite discovery
\nCompany now conducting XRD and soil analysis <\/p>\n

\u00a0<\/p>\n

Raiden Resources\u2019 ongoing fieldwork at the Arrow lithium project in WA has confirmed <\/strong>visual spodumene mineralisation in outcropping pegmatites \u2013 which are the host rock for lithium mineralisation.<\/strong><\/p>\n

The company is earning up to 85% of the project\u2019s Lithium-Caesium-Tantalum (LCT) rights, with option to purchase 100% of those rights.<\/p>\n

Arrow is in a proven lithium pegmatite district, with recent mapping and sampling work focusing on priority areas directly to the north of Morella Corporation<\/strong>\u2019s <\/strong>(ASX:1MC)<\/strong><\/a> pegmatite discovery.<\/p>\n

Raiden Resources (ASX:RDN)<\/strong><\/a> has now visually identified spodumene crystals within several rock samples collected from outcropping pegmatites located in the western area of Arrow North (E47\/3476).<\/p>\n

\u00a0<\/strong><\/p>\n

Visual spodumene mineralisation just the start<\/strong><\/h2>\n

Notably, historic exploration at Arrow \u2013 which was originally a gold project \u2014 had identified fertile and fractionated granitic intrusions, which may produce mineralised LCT bearing pegmatites.<\/p>\n

Now with visual confirmation complete, the next step is X-Ray diffraction analysis (XRD)\u00a0which will give the company a more accurate understanding of the mineralogical composition of the samples.<\/p>\n

\u201cThe definition of pegmatite outcrops in another emerging district in the Pilbara is adding to the overall lithium potential within our exploration portfolio,\u201d RDN MD Dusko Ljubojevic said.<\/p>\n

\u201cThe visual determination of spodumene mineralisation is very encouraging, however XRD analysis is required to confirm the exact nature of the mineralisation.\u201d<\/p>\n

So far XRD analysis has defined Spodumene as the dominant Li2O mineral at the company\u2019s Andover South project which recently returned up to 2.73% lithium grades.<\/strong><\/a><\/p>\n

Pic: Area of mapped pegmatites (dashed zone above) where visual spodumene crystals have been identified in relation to adjoining projects and discoveries. Source: RDN.<\/p>\n

\u00a0<\/p>\n

Soil analysis underway<\/strong><\/h2>\n

The company has submitted all the soil sample pulps \u2013 which were collected during the maiden sampling program on the Arrow project which was evaluating the gold potential of the project \u2013 for re-analysis for the LCT suite of minerals.<\/p>\n

RDN believes that the pegmatites may be obscured by a sediment cover and the soil sampling results will hopefully define target areas with elevated LCT geochemical responses for further follow up.<\/p>\n

\u201cWe are also hopeful that the soil analysis for LCT suite of minerals will define further trends to be followed up on an ongoing basis to fully realise the potential of the project,\u201d Ljubojevic said.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Raiden Resources, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n

\u00a0<\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post One of the ASX\u2019s top stocks of 2023, Raiden, spots visual spodumene in the Pilbara<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Raiden confirms visual spodumene \u2013 a lithium mineral \u2013 from outcropping pegmatites at Arrow project in Pilbara of WA Project is directly north of Morella\u2019s [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":706,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nOne of the ASX\u2019s top stocks of 2023, Raiden, spots visual spodumene in the Pilbara - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=705\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One of the ASX\u2019s top stocks of 2023, Raiden, spots visual spodumene in the Pilbara - 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