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Raiden Resources Limited (ASX:RDN)

ALERT: Price-sensitive ASX Announcement for RDN
Current share price for RDN : $0.003 -0.001 (-25%)+
Announcement
Release
27 Apr 2026 10:16AM
Price at Release
$0.004
Full Release
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Summary
Raiden Resources Limited reported its quarterly activities and cash flow for the period ending 31 March 2026. The company continued its due diligence on the Crixás Gold Tailings Project in Brazil, with ongoing environmental licensing and plans for a drilling program and metallurgical evaluation. Raiden maintained a cash balance of $12.33 million, supporting its exploration and acquisition efforts. The company spent $296k on exploration activities, with no expenses on mining, production, or development. The Appendix 5B report outlined a decrease in cash and cash equivalents, with operating losses primarily from exploration and corporate costs. The company is exploring divestment and joint venture opportunities to optimize its asset portfolio.
Key Points
  • Due diligence on Crixás Gold Tailings Project ongoing.
  • Environmental licensing process continues.
  • Cash balance at $12.33 million as of 31 March 2026.
  • Expenditure on exploration activities totaled $296k.
  • No mining, production, or development expenses incurred.
  • Appendix 5B reports a cash decrease, primarily due to operating losses.
  • Exploration and acquisition efforts supported by current cash balance.
  • Consideration of divestment or joint venture opportunities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.