Raiden Resources (RDN) H1 2025 earnings summary

Executive summary

• Focused on mineral exploration in Western Australia (Andover North-South, Mt Sholl, Arrow Lithium) and projects in Serbia and Bulgaria.

• Significant drilling and exploration progress at Andover South, with over 7,000m drilled and new high-priority lithium targets identified.

• Heritage surveys and regulatory approvals enabled drilling at Mt Sholl (copper-nickel-PGE) and Arrow (gold), with joint venture partners funding and managing some programs.

• No significant events or changes occurred after the reporting period.

Financial highlights

• Net loss after tax and non-controlling interest: $3,999,662 (31 Dec 2023: $1,981,513), reflecting increased exploration activity.

• Revenue: $201,327 (2023: $65,364); interest income: $150,294 (2023: $25,000).

• Exploration expenditure: $3,863,948 (2023: $1,095,781).

• Basic and diluted loss per share: (0.13) cents (2023: (0.09) cents).

Outlook and guidance

• Expanded drilling planned for Andover South and Vuzel (Bulgaria) in 2025.

• Ongoing engagement with strategic partners for Serbian projects.