{"id":9527,"date":"2024-05-12T22:56:47","date_gmt":"2024-05-12T22:56:47","guid":{"rendered":"https:\/\/economicherald.net\/?p=9527"},"modified":"2024-05-12T22:56:47","modified_gmt":"2024-05-12T22:56:47","slug":"raiden-enters-strategic-partnership-with-mallina-to-farm-out-arrow-gold-assets","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=9527","title":{"rendered":"Raiden enters strategic partnership with Mallina to farm-out Arrow gold assets"},"content":{"rendered":"

Mallina to farm-in up to 75% of Raiden Resources\u2019 Arrow project
\nArrow tenements are just 32km from De Grey Mining\u2019s massive Hemi gold deposit
\nStrategy is part of Raiden retaining exposure to non-core assets with no exploration expenditure
\nRaiden will retain 100% of the LCT rights on Arrow Project
\nFocus to turn toward drilling for lithium at Andover North <\/p>\n

\u00a0<\/p>\n

Special Report<\/em><\/strong>: Raiden Resources has reached an agreement with Mallina for the latter to farm-in to its Arrow gold project in WA\u2019s Pilbara and earn up to a 75% interest within the tenements, while Raiden will retain 100% of LCT rights.<\/strong><\/p>\n

The 223km2 Arrow project has dozens of significant gold anomalies throughout the project area and is just 32km from De Grey Mining\u2019s (ASX:DEG)<\/strong><\/a> massive >10Moz Hemi gold deposit, which, when developed, would instantly become Australia\u2019s fifth largest gold operation.<\/p>\n

It\u2019s also nestled in a proven lithium district where Pilbara Minerals\u2019 (ASX:PLS)<\/strong><\/a> Pilgangoora project \u2013 one of the world\u2019s largest hard rock lithium deposits \u2013 is in production, and crucially, Raiden Resources (ASX:RDN)<\/strong><\/a> will retain the lithium-caesium-tantalum (LCT) rights over the tenements.<\/p>\n

\u00a0<\/p>\n\n

Raiden\u2019s Arrow and other owned gold and lithium projects in WA\u2019s Pilbara region. Pic supplied: (RDN)<\/p>\n

\u00a0<\/p>\n

The deal is part of RDN\u2019s strategy to get exploration underway at non-core assets, while still retaining exposure to projects, as it is doing at its Mt Sholl project.<\/p>\n

In December last year, RDN entered a strategic partnership with Canadia\u2019s First Quantum Minerals<\/strong><\/a> for the mining major to earn up to 70% of the nickel-copper-PGE rights to the tenements while retaining a 30% free carry stake up to decision to mine.<\/p>\n

RDN also retains the rights to lithium and gold at Mt Sholl.<\/p>\n

\u00a0<\/p>\n

Arrow farm-in agreement<\/strong><\/h2>\n

Terms of the binding earn-in agreement with Mallina for the Arrow gold project include\u00a0 $250,000 payment to RDN on the 12 month anniversary and Raiden retaining 100% rights to all LCT and associated mineralisation, with Mallina committing a minimum of $600,000 in exploration spending within 12 months.<\/p>\n

Mallina also commits to include at least 3000m of Aire Core drilling during the period and have the option to sole finance a further 17,000m of diamond or RC drilling within 24 months to earn 51% of the project.<\/p>\n

Mallina then has a further option to sole finance a further 30,000m of drilling or complete a pre-feasibility study over the project for 75%.<\/p>\n

RDN MD Dusko Ljubojevic says the transaction is part of management\u2019s continued strategy of \u201cgenerating strategic partnerships over the non-core assets to ensure that aggressive exploration campaigns are delivered and to maximise the discovery potential\u201d.<\/p>\n

\u201cThe company remains focused on the primary objectives, namely drilling the Andover North and South lithium projects,\u201d Ljubojevic says.<\/p>\n

\u201cThe Mallina team is led by an accomplished technical and corporate team, with a track record of discovery.<\/p>\n

\u201cWe hope that their experience will lead to further technical success on the Arrow project, and in parallel, we plan to continue with the LCT exploration program at the tenements.\u201d<\/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 Raiden enters strategic partnership with Mallina to farm-out Arrow gold assets<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Mallina to farm-in up to 75% of Raiden Resources\u2019 Arrow project Arrow tenements are just 32km from De Grey Mining\u2019s massive Hemi gold deposit Strategy [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":9528,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nRaiden enters strategic partnership with Mallina to farm-out Arrow gold assets - 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=9527\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raiden enters strategic partnership with Mallina to farm-out Arrow gold assets - 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