RAIDEN RESOURCES LIMITED — Investor Presentation 2024

Nov 28, 2024

TARGET AREA 7 PEGMATITE EXTENTIONS CONFIRMED AND VISIBLE SPODUMENE IN CORE

Highlights

Target Area 7 Drilling

• ASD0025 intercepted pegmatite mineralisation 315m along the interpreted strike of previously reported intercept (ASD0023)1 – indicating significant strike potential
• Pegmatite swarm extend over several significant downhole interceptB
• Numerous visible spodumene-bearing zonesA in pegmatites intersected in diamond drillhole ASDD025

Plans and Ongoing Activities

• Drilling to continue on Target Area 7 until approximately middle of December and restart in January 2025
• Objective will be to explore the current trend at shallower depths and along strike

ACautionary Statement

Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.

BDownhole width is not equivalent to true thickness. Structural measurement and analysis of drill core is ongoing to establish the true orientation of the pegmatite.

Mr Dusko Ljubojevic, Managing Director of Raiden commented:

Page 1 of 21 "The second drill hole has provided further encouragement for Target Area 7. ASD0025 was collared 315 metres along the projected strike from the ASD0023 drill intercept and has demonstrated that the system has the potential for significant strike extent. The swarm of pegmatites aligns with the pegmatite zone intercepted in the previous drill hole. We are still within what we consider to be the pegmatite swarm zone and drilling

ASX CODE: RDN

DAX CODE: YM4

BOARD & MANAGEMENT

Non-Executive Chairman Mr Michael Davy

Managing Director Mr Dusko Ljubojevic

Non-Executive Director Mr Dale Ginn

Non-Executive Director & Company Secretary Ms Kyla Garic

Chief Operating Officer Mr Sean Halpin

ASSET PORTFOLIO

AUSTRALIA Li, Au, Cu, Ni & PGE

SERBIA Cu & Au

BULGARIA Cu, Au & Ag

is ongoing. We have also been able to visually identify spodumene mineralisation in various sections of the drill core, which is very encouraging and confirms what we have been observing at surface. We will continue to drill test Target Area 7 pegmatites to improve our understanding of its geometry and hopefully define further mineralisation at shallow depths."

Raiden Resources Limited (ASX: RDN) ("Raiden" or "the Company") is pleased to provide an update in regard to the maiden diamond drilling program at its Andover South Lithium Project, located in the Pilbara region of Western Australia.

Figure 1: Andover South Project In relation to Andover Deposit

Figure 2: Target Area 7 drilling locations

Figure 3: ASDD025 Cross section (A-B Section on drill location map)

Target Areas 7 Drilling

Target Area 7 pegmatites extend 650m along a north-west strike extent. This target area is associated with similar fractionation rates of the pegmatites in Target Area 11 .

The first drillhole in Target Area 7, ASDD023, intersected a 250m wide pegmatitebearing zone that was not fully defined by the drilling2 as the hole was terminated due to mechanical issues.

The second hole drilled in Target Area 7, ASDD025, is located approximately 315m along strike to the southeast of ASDD023 (Refer to Figure 2).

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ASDD025 has intersected a swarm of pegmatites extending across 250 metres B downhole. The Company believes that this swarm of pegmatites may represent the strike extension of the pegmatite zone intercepted in ASD0023.

Furthermore, the Company's geologists have logged several spodumene-bearing pegmatitesA throughout the drill hole. All the areas where spodumene was noted are indicated on the cross section and detailed in the geological log in the Appendix below.

Spodumene has been identified in the following intervals:

Prospect	Hole ID	From m	To m	Interval m	Visual Estimate	Host Lithology
Andover South ASDD025		25.35	26.1	0.75	Feldspar/qtz, skeletal texture,spodumene 3%	Pegmatite
Andover South ASDD025		71.95	74.75	2.80	Skeletal and lattice texture, qtz andfeldspar, spodumene 6%	Pegmatite
Andover South ASDD025		93.2	93.7	0.50	Feldspar/qtz, lattice texture, 20cm ofspodumene, spodumene 3% total forinterval	Pegmatite
Andover South ASDD025		342.7	343	0.30	Feldspar/quartz, spodumene 3%	Pegmatite
Andover South ASDD025		422.02	422.25	0.23	Feldspar/qtz with ladder texture,50% spodumene	Pegmatite
Andover South ASDD025		477.30	479.10	1.80	Brecciated feldspar/qtz/carbonate,spodumene 35%	Pegmatite
Andover South ASDD025		481.90	482.15	0.25	Coarse-grained spodumene vein inultramafic, 50% spodumene	Ultramafic
Andover South ASDD025		489.50	490.40	0.90	feldspar/quartz with minor beryl atthe start, spodumene 10%	Pegmatite

Table 1: Summary of Spodumene Mineralisation Intersections referenced in this announcement

• Numerous additional pegmatite intervals have been identified in ASDD025 with no visible spodumene identified.
• Assay results will be reported following completion of sampling and assaying. Results are anticipated in the first half of January 2025. All the drill core will be submitted to the laboratory for assay analysis.

Figure 3: Selected core photographs 1 to 3 above from drill hole ASDD025A

ACautionary Statement

Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.

Plans and Ongoing Activities

On the basis of the results of the current drilling in Target Area 7, management plan to execute on the following:

• Continue drilling in Target Area 7 up to end of year break (approximately 15th December 2024),
• All samples will be submitted to the laboratory for analysis, and
• Resumption of drilling in January 2025.

This ASX announcement has been authorised for release by the Board of Raiden Resources Limited.

FOR FURTHER INFORMATION PLEASE CONTACT

DUSKO LJUBOJEVIC Managing Director RAIDEN RESOURCES LIMITED info@raidenresources.com.au www.raidenresources.com.au

ASX Announcements referenced to directly in this release

1ASX:RDN 23 September 2024 Mapping confirms new high-priority target zone at Andover 2ASX:RDN 26 November 2024 Significant pegmatite system intercepted at Andover South

The information in the referenced announcements footnoted above that relate to Exploration Results have previously been released to the ASX. The Company confirms that it is not aware of any information or data that materially affects the information included in the market announcements, and that all material assumptions and technical parameters underpinning the announcements continue to apply. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.

Competent Person's Statement

The information in this announcement that relates to exploration results (Including JORC Tables) is based on and fairly represents information and supporting documentation prepared, reviewed and approved by Mr Sean Halpin, a competent person who is a member of the Australian Institute of Geoscientists (AIG). Mr Sean Halpin is employed by Raiden Resources Limited. Mr Sean Halpin has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Mr Sean Halpin has provided his prior written consent as to the form and context in which the exploration results and the supporting information are presented in this announcement.

Disclaimer:

Forward-looking statements are statements that are not historical facts. Words such as "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)", "potential(s)"and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned

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mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the Company's prospects, properties and business strategy. Investors are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and the Company does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or nonoccurrence of any events.

About Raiden Resources

Raiden Resources Limited (ASX:RDN / DAX:YM4) is a dual listed lithium, base metal—gold exploration Company focused on the Andover North-South Lithium Project. The Company also holds the rights to the advanced Mt Sholl nickel-copper-PGE and the Arrow gold projects in the Pilbara region of Western Australia. In addition, the Company holds the rights to multiple projects in the emerging and prolific Western Tethyan metallogenic belt in Eastern Europe, where it has established a significant exploration footprint in Serbia and Bulgaria.

The Directors believe the Company is well positioned to unlock value from this exploration portfolio and deliver a significant mineral discovery.

APPENDIX

Table 2: List of drilled holes at the Andover South Project referenced in this announcement

HoleID	GDA2020_Z50E	GDA2020_Z50N	RL	Dip	Azimuth	TotalDepth(m)	AssayingStatus
ASDD025	511489	7692341	72	-50	210	502*	Pending
ASDD023	511254	7692543	42	-60	214	558**	Pending

*Drilling ongoing

**Drill hole will be extended to determine full extent of pegmatite alteration

Table 3: Tenement Schedule

Tenement	Holder	Grant Date	Expiry	Area	RDN%
E47/4061		06/08/2019	05/08/2029	1Bl	80%
E47/4062		30/08/2024	29/08/2029	2Bl	80%
E47/4063	Pilbara Gold Corporation	04/04/2019	03/04/2029	2Bl	80%
E47/3849	Pty Ltd	16/07/2018	15/07/2028	1Bl	80%
P47/2028	(Raiden Resources Ltd.'s		Application	23.5 Ha.	80%
E47/4603	100% owned subsidiary)		Application	7Bl	100%

Table 4: Geological Log of Diamond Drillhole ASDD025

Hole ID	From(m)	To (m)	Interval(m)	Rock Type
ASDD025	0	25.35	25.35	Basalt
ASDD025	25.35	26.1	0.75	Pegmatite withvisiblespodumene
ASDD025	26.1	33.5	7.4	Gabbro
ASDD025	33.5	33.8	0.3	Vein
ASDD025	33.8	71.95	38.15	Gabbro
ASDD025	71.95	74.75	2.8	Pegmatite with visible spodumene
ASDD025	74.75	76	1.25	Gabbro
ASDD025	76	77.5	1.5	Pyroxenite
ASDD025	77.5	92.6	15.1	Gabbro
ASDD025	92.6	93.7	1.1	Pegmatite withvisiblespodumene
ASDD025	93.7	116.2	22.5	Gabbro
ASDD025	116.2	116.75	0.55	Pegmatite
ASDD025	116.75	125.35	8.6	Gabbro
ASDD025	125.35	125.95	0.6	Pegmatite

Hole ID	From(m)	To (m)	Interval(m)	Rock Type
ASDD025	125.95	145.15	19.2	Gabbro
ASDD025	145.15	148	2.85	Pegmatite
ASDD025	148	149.7	1.7	Pyroxenite
ASDD025	149.7	150	0.3	Pegmatite
ASDD025	150	170.7	20.7	Gabbro
ASDD025	170.7	202.65	31.95	Pyroxenite
ASDD025	202.65	205.8	3.15	Pegmatite
ASDD025	205.8	210.75	4.95	Pyroxenite
ASDD025	210.75	212.5	1.75	Pegmatite
ASDD025	212.5	224.8	12.3	Pyroxenite
ASDD025	224.8	235.07	10.27	Pyroxenite
ASDD025	235.07	237.15	2.08	Pegmatite
ASDD025	237.15	240.92	3.77	Pyroxenite
ASDD025	240.92	242.8	1.88	Pyroxenite
ASDD025	242.8	244.55	1.75	Pyroxenite
ASDD025	244.55	253.8	9.25	Pyroxenite
ASDD025	253.8	254.35	0.55	Pegmatite
ASDD025	254.35	259.2	4.85	Pyroxenite
ASDD025	259.2	269.8	10.6	Pegmatite
ASDD025	269.8	273.84	4.04	Pyroxenite
ASDD025	273.84	275.6	1.76	Quartz
ASDD025	275.6	276.3	0.7	Pyroxenite
ASDD025	276.3	279.9	3.6	Pegmatite
ASDD025	279.9	282.4	2.5	Pyroxenite
ASDD025	282.4	284.9	2.5	Pegmatite
ASDD025	284.9	293.78	8.88	Pyroxenite
ASDD025	293.78	293.91	0.13	Pegmatite
ASDD025	293.91	327.9	33.99	Pyroxenite
ASDD025	327.9	329	1.1	Pegmatite
ASDD025	329	330.6	1.6	Pyroxenite
ASDD025	330.6	332.6	2	Pyroxenite
ASDD025	332.6	336.15	3.55	Pegmatite
ASDD025	336.15	342.7	6.55	Pyroxenite
ASDD025	342.7	343	0.3	Pegmatite withvisiblespodumene
ASDD025	343	343.3	0.3	Pyroxenite
ASDD025	343.3	343.4	0.1	Pegmatite
ASDD025	343.4	347.77	4.37	Pyroxenite
ASDD025	347.77	348.15	0.38	Reaction Zone
ASDD025	348.15	352.68	4.53	Pyroxenite
ASDD025	352.68	358.22	5.54	Pegmatite
ASDD025	358.22	368.9	10.68	Pyroxenite

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Hole ID	From(m)	To (m)	Interval(m)	Rock Type
ASDD025	368.9	370.62	1.72	Reaction Zone
ASDD025	370.62	374.4	3.78	Pyroxenite
ASDD025	374.4	377.01	2.61	Pyroxenite
ASDD025	377.01	379.12	2.11	Pyroxenite
ASDD025	379.12	381.12	2	Pegmatite
ASDD025	381.12	391.71	10.59	Pyroxenite
ASDD025	391.71	400.73	9.02	Pyroxenite
ASDD025	400.73	401.5	0.77	Pyroxenite
ASDD025	401.5	402.94	1.44	Pyroxenite
ASDD025	402.94	416.13	13.19	Pyroxenite
ASDD025	416.13	421.65	5.52	Gabbro
ASDD025	421.65	421.88	0.23	Pegmatite
ASDD025	421.88	422.02	0.14	Gabbro
ASDD025	422.02	422.25	0.23	Pegmatite withvisiblespodumene
ASDD025	422.25	422.74	0.49	Pegmatite
ASDD025	422.74	426.16	3.42	Gabbro
ASDD025	426.16	427	0.84	Pegmatite
ASDD025	427	428.93	1.93	Pyroxenite
ASDD025	428.93	431.03	2.1	Pegmatite
ASDD025	431.03	435.53	4.5	Pyroxenite
ASDD025	435.53	436.73	1.2	Pegmatite
ASDD025	436.73	437.08	0.35	Reaction Zone
ASDD025	437.08	437.38	0.3	Pegmatite
ASDD025	437.38	444.7	7.32	Pyroxenite
ASDD025	444.7	446.1	1.4	Gabbro
ASDD025	446.1	446.3	0.2	Pegmatite
ASDD025	446.3	447.5	1.2	Gabbro
ASDD025	447.5	453.45	5.95	Pyroxenite
ASDD025	453.45	457.3	3.85	Pyroxenite
ASDD025	457.3	460.6	3.3	Pyroxenite
ASDD025	460.6	462.23	1.63	Gabbro
ASDD025	462.23	464.85	2.62	Pegmatite
ASDD025	464.85	477.3	12.45	Pyroxenite
ASDD025	477.3	479.1	1.8	Pegmatite withvisiblespodumene
ASDD025	479.1	481.9	10.4	Pyroxenite
ASDD025	481.9	482.15	0.25	Spodumene Injection
ASDD025	482.15	489.5	7.35	Pyroxenite
ASDD025	489.5	490.4	0.9	Pegmatite withvisiblespodumene
ASDD025	490.4	495.6	5.2	Pyroxenite
ASDD025	495.6	496	0.4	Pegmatite
ASDD025	496	497.35	1.35	Pyroxenite

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Hole ID	From(m)	To (m)	Interval(m)	Rock Type
ASDD025	497.35	499.15	1.8	Pegmatite
ASDD025	499.15	500.15	1	Pyroxenite
ASDD025	500.15	502.2	1.05	Pegmatite
ASDD025	502.2	507.4	5.2	Gabbro
ASDD025	507.4	512.5	5.1	Pegmatite
ASDD025	512.5	527.7	15.2	Gabbro

JORC Code, 2012 Edition. Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections)

Criteria	JORC Code explanation	Commentary
Samplingtechniques	•Nature and quality of sampling (egcut channels, random chips,or specific specialised industry standard measurement toolsappropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc). Theseexamples should not be taken as limiting the broad meaning ofsampling.•Include reference to measures taken to ensure samplerepresentivity and the appropriate calibration of anymeasurement tools or systems used.•Aspects of the determination of mineralisation that are Materialto the Public Report.•In cases where 'industry standard' work has been done thiswould be relatively simple (eg 'reverse circulation drilling wasused to obtain 1 m samples from which 3 kg was pulverised toproduce a 30 g charge for fire assay'). In other cases moreexplanationmay be required, such as where there is coarsegold that has inherent sampling problems. Unusualcommodities or mineralisation types (eg submarine nodules)may warrant disclosure of detailed information.	For this announcement the drill type was diamond drilling,•however in relation to this announcement no sampling ofdrill core has been conducted and no laboratory assays arebeing reported.
Drillingtechniques	•Drill type (egcore, reverse circulation, open-hole hammer,rotary air blast, auger, Bangka, sonic, etc) and details (eg corediameter, triple or standard tube, depth of diamond tails, facesampling bit or other type, whether core is oriented and if so, bywhat method, etc).	The drill type was diamond drilling, with HQ3core drilled•at the startof the holethrough partially-weathered rock,followed by NQ core for the remainder of the holein freshrock. All drill core is oriented using an Axis Champorientation toolto allow for the measurement of structuralgeological features.
Drill samplerecovery	•Method of recording and assessing core and chip samplerecoveries and results assessed.•Measures taken to maximise sample recovery and ensure	•Core recovery is logged as percent of the recovered corelength versus drill run length, and it is logged after thecore is transported to the field core shed

Criteria	JORC Code explanation	Commentary
	representative nature of the samples.•Whether a relationship exists between sample recovery andgrade and whether sample bias may have occurred due topreferential loss/gain of fine/coarse material.	•Core recovery as measured has been excellent withlittle to no core loss identified, particularly in themineralised zones.•In relation to this announcement no sampling of drillcore has been conducted yetand no laboratory assaysare being reported.
Logging	•Whether core and chip samples have been geologically andgeotechnically logged to a level of detail to support appropriateMineral Resource estimation, mining studies and metallurgicalstudies.•Whether logging is qualitative or quantitative in nature. Core(or costean, channel, etc) photography.•The total length and percentage of the relevant intersectionslogged.	Drill core has been logged by qualified geologists who have•experienceofloggingthegeologyandlithiummineralisation of the area, using company logging codes.Logging is both qualitative and quantitative in nature, and•includes lithology, mineralogy, mineralisation, weathering,& colour.Photographs are taken of the core, both wet and dry, for•each drillhole and stored in a database.All drillholes arelogged in full.•
Sub-samplingtechniquesand samplepreparation	•If core, whether cut or sawn and whether quarter, half or allcore taken.•If non-core, whether riffled, tube sampled, rotary split, etc andwhether sampled wet or dry.•For all sample types, the nature, quality and appropriateness ofthe sample preparation technique.•Quality control procedures adopted for all sub-sampling stagesto maximise representivity of samples.•Measures taken to ensure that the sampling is representative ofthe in situ material collected, including for instance results forfield duplicate/second-half sampling.•Whether sample sizes are appropriate to the grain size of thematerial being sampled.	In relation to this announcement no sampling of drill core•has been conducted yet and no laboratory assays are beingreported
Quality ofassay data and	•The nature, quality and appropriateness of the assaying andlaboratory procedures used and whether the technique is	In relation to this announcement no sampling of drill core orrock chip samples has been conducted andno laboratory

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Criteria	JORC Code explanation	Commentary
laboratorytests	considered partial or total.•For geophysical tools, spectrometers, handheld XRFinstruments, etc, the parameters used in determining theanalysis including instrument make and model, reading times,calibrations factors applied and their derivation, etc.•Nature of quality control procedures adopted (eg standards,blanks, duplicates, external laboratory checks) and whetheracceptable levels of accuracy (ie lack of bias) and precisionhave been established.	assays are being reported.
Verification ofsampling andassaying	•The verification of significant intersections by eitherindependent or alternative company personnel.•The use of twinned holes.•Documentation of primary data, data entry procedures, dataverification, data storage (physical and electronic) protocols.•Discuss any adjustment to assay data.	In relation to this announcement no sampling has been•conducted yet and nolaboratoryassays are being reportedPegmatite intersections wereverified by the logging•geologists and further reviewed by the COO by comparingintercepts with corephotographs No twinned holes weredrilled•All data was incorporated intothe database by the databasemanager•Access to the database is limitedtoauthorised employeesonly.Final data wasrigorously verified by Raiden's•geoscientific personnel.
Location ofdata points	•Accuracy and quality of surveys used to locate drill holes(collar and down-hole surveys), trenches, mine workings andother locations used in Mineral Resource estimation.•Specification of the grid system used.•Quality and adequacy of topographic control.	Co-ordinates are provided in the Geocentric Datum of•Australia (GDA2020) Zone 50.Drill collar locations were surveyed using a handheld•GPS, with an accuracy of +/-5m
Data spacinganddistribution	•Data spacing for reporting of Exploration Results.•Whether the data spacing and distribution is sufficient toestablish the degree of geological and grade continuity	Drilling is not sufficient to establish the degrees of•geological and grade continuity appropriate for a MineralResource Estimate.

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Criteria	JORC Code explanation	Commentary
	appropriate for the Mineral Resource and Ore Reserveestimation procedure(s) and classifications applied.•Whether sample compositing has been applied.	The drilling is reconnaissance in nature and has not been•conducted on a regular grid spacing.
Orientation ofdata inrelation togeologicalstructure	•Whether the orientation of sampling achieves unbiasedsampling of possible structures and the extent to which this isknown, considering the deposit type.•If the relationship between the drilling orientation and theorientation of key mineralised structures is considered to haveintroduced a sampling bias, this should be assessed andreported if material.	Not applicable, loggingfor geological and structural data•incomplete. In relation to this announcement no samplinghas been conducted yet and nolaboratoryassays are beingreported.Initial drillholes areoriented to result in approximately•perpendicular penetration of the observed outcroppingpegmatites.
Samplesecurity	•The measures taken to ensure sample security.	No sampling is reported in this announcement•
Audits orreviews	•The results of any audits or reviews of sampling techniques anddata.	No formal audits or reviews completed to date.•

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral tenementand land tenurestatus	•Type, reference name/number, location andownership including agreements or materialissues with third parties such as joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.•The security of the tenure held at the time ofreporting along with any known impediments toobtaining a licence to operate in the area.	Tenements are located in the City of Karratha, within the Pilbara•region of Western Australia.The tenements are held byRaiden Resources Limited's subsidiary•Pilbara Gold Pty Ltd 80%and Welcome Exploration Pty Ltd 20%.All tenements other than P47/2028and E47/4603, which arein the•application stage, are granted tenure(refer to the above table)Tenements are located on the Mt Welcome pastoral lease.•The Companyis not aware of any existing impediments nor of•any potential impediments which may impact ongoing exploration

Criteria	JORC Code explanation	Commentary
		and development activities at the project sites.
Exploration done byother parties	•Acknowledgment and appraisal of exploration byother parties.	A search and compilation of historic exploration has been•completed.Work included stream sediment, soil and rock sampling,•geological mapping, and geophysical surveys.
Geology	•Deposit type, geological setting and style ofmineralisation.	Potential for lithium-caesium-tantalum bearing pegmatite•mineralisation.Andover South Project geological setting –previous explorers•considered the area to be part of the Ruth Well Formation (Maficand ultramafic volcanic and intrusive rocks; minor chert;metamorphosed).It is further interpretated that the source of mineralising fluids for•the lithium pegmatites are sourced from nearby felsic intrusivebodies, however the actual source remains unclear.
Drill holeInformation	•A summary of all information material to theunderstanding of the exploration results includinga tabulation of the following information for allMaterial drill holes:oeasting and northing of the drill hole collaroelevation or RL (Reduced Level –elevationabove sea level in metres) of the drill holecollar	Drillhole data are tabulated in the body of the announcement•
	odip and azimuth of the holeodown hole length and interception depthohole length.•If the exclusion of this information is justified onthe basis that the information is not Material andthis exclusion does not detract from theunderstanding of the report, the Competent

ASX RELEASE | 29 November 2024

Criteria	JORC Code explanation	Commentary
	Person should clearly explain why this is the case.
Data aggregationmethods	•In reporting Exploration Results, weightingaveraging techniques, maximum and/or minimumgrade truncations (eg cutting of high grades) andcut-off grades are usually Material and should bestated.•Where aggregate intercepts incorporate shortlengths of high grade results and longer lengths oflow grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shown indetail.•The assumptions used for any reporting of metalequivalent values should be clearly stated.	Not applicableas no exploration results being reported•
Relationshipbetweenmineralisationwidths and interceptlengths	•These relationships are particularly important inthe reporting of Exploration Results.•If the geometry of the mineralisation with respectto the drill hole angle is known, its nature shouldbe reported.•If it is not known and only the down hole lengthsare reported, there should be a clear statement tothis effect (eg 'down hole length, true width notknown').	Nolaboratory assay data is being reported in this announcement•It is believed that the drill intercepts reported to date are sub•perpendicularto the core of the axis, but this need to be confirmedthrough further drilling.All the drill intercepts reported within this release are reported as•down hole lengths.
Diagrams	•Appropriate maps and sections (with scales) andtabulations of intercepts should be included forany significant discovery being reported Theseshould include, but not be limited to a plan view ofdrill hole collar locations and appropriate	Maps are included in the body of the announcement.•

ASX RELEASE | 29 November 2024

Criteria	JORC Code explanation	Commentary
	sectional views.
Balanced reporting	•Where comprehensive reporting of all ExplorationResults is not practicable, representativereporting of both low and high grades and/orwidths should be practiced to avoid misleadingreporting of Exploration Results.	In relation to this announcement no sampling has been conducted•and no laboratory assays are being reported
Other substantiveexploration data	•Other exploration data, if meaningful andmaterial, should be reported including (but notlimited to): geological observations; geophysicalsurvey results; geochemical survey results; bulksamples –size and method of treatment;metallurgical test results;bulk density,groundwater, geotechnical and rockcharacteristics; potential deleterious orcontaminating substances.	All relevant data are reported in this release.•
Further work	•The nature and scale of planned further work (egtests for lateral extensions or depth extensions orlarge-scale step-out drilling).•Diagrams clearly highlighting the areas ofpossible extensions, including the main geologicalinterpretations and future drilling areas, providedthis information is not commercially sensitive.	Raiden are currently conductingan initial 5,000m diamond•drillingprogram to assess the potential of the lithium-bearingpegmatites over itsAndover South Projecton E47/4062.Management have extendedthe initial program to further test thestrike extent of the targeted mineralisation