Raiden Resources Ltd.

Raiden Resources Ltd. is a junior lithium exploration company headquartered in Victoria Park, Australia, operating primarily in Australia. The company's portfolio consists of 2 exploration projects, in addition to several early-stage exploration prospects. Key assets include Mt Sholl. The company operates as a mineral explorer with a business model centered on identifying, acquiring, and advancing exploration-stage assets through a combination of direct exploration and strategic partnerships. Its operational approach involves deploying a range of geological and geophysical techniques, including detailed structural mapping, soil and rock chip sampling, induced polarisation surveys, and XRD analysis to define and de-risk exploration targets. A core component of the business model is mitigating financial and technical risk by forming joint ventures and farm-out agreements, allowing partners to fund significant exploration expenditures on specific assets in exchange for equity. This strategy enables the entity to maintain exposure to potential discoveries across a portfolio while conserving capital for its highest-priority, wholly-owned initiatives. The organization's risk management framework acknowledges significant exposure to capital market dependency, inherent operational risks in exploration, and regulatory complexities. The enterprise focuses on creating shareholder value through the discovery of economic mineral deposits, which can then be developed, sold, or advanced further through partnerships.

Strategic priorities are centered on advancing a portfolio of exploration assets through a disciplined, partner-funded model complemented by targeted, self-funded programs. A key strategic pillar is the formation of earn-in agreements and memoranda of understanding with larger, well-capitalized partners to fund capital-intensive exploration and drilling activities, thereby minimizing shareholder dilution and de-risking projects. This approach allows the company to retain significant project-level interests while external partners carry the financial burden of initial exploration stages. The capital management strategy relies on periodic equity financing, including placements to sophisticated investors, option exercises, and the utilization of an At-the-Market facility to ensure sufficient working capital for operational continuity and corporate obligations. Portfolio management is an active process, involving the consolidation of 100% ownership in key assets ahead of securing strategic partnerships, as well as the divestment or relinquishment of projects deemed non-core or unprospective following evaluation. The overarching objective is to generate value through exploration success and the systematic advancement of assets up the value chain.

Executive leadership and governance are directed by a 4-member Board of Directors, comprising a Managing Director, a Non-Executive Chairman, and 2 Non-Executive Directors. The board composition reflects a strong emphasis on technical and industry expertise, with 1 of the 4 members considered independent. The Managing Director is a geologist with 19 years of industry experience, while a Non-Executive Director is a geologist with over 30 years of experience and a track record of involvement in mineral discoveries. The Non-Executive Chairman is an accountant with 19 years of experience in finance. Due to its size, the entity does not maintain separate audit, risk, nomination, or remuneration committees; instead, the full board assumes these responsibilities and carries out the associated functions during its meetings, which were held 4 times during the fiscal year. The Company Secretary is directly accountable to the board, ensuring proper governance functions. All directors and senior executives operate under written agreements that formalize the terms of their appointments.

The company's approach to sustainability is integrated into its operational and risk management frameworks, with a primary focus on environmental compliance and community engagement. A key, tangible initiative during the reporting period involved conducting comprehensive archaeological and ethnographic heritage surveys in collaboration with the Ngarluma Aboriginal Corporation. This process successfully secured clearance for planned drilling activities, demonstrating a proactive commitment to respecting cultural heritage and maintaining a positive social license to operate. The organization's risk disclosures acknowledge its responsibility to adhere to environmental laws and regulations across its operational jurisdictions. Management's stated intention is to conduct all exploration activities to a high standard of environmental obligation. The board is tasked with overseeing the company's management of any material exposure to economic, environmental, and social sustainability risks, although it notes that current exposure is considered minimal given the present scale of its exploration activities.

During the 2024 fiscal year, the corporate structure was actively managed through strategic transactions. In December 2023, the company acquired the remaining 20% interest in the Mt Sholl project from Welcome Exploration Ltd. to achieve 100% ownership. This was followed by the execution of a non-binding Memorandum of Understanding with First Quantum Minerals Australia Ltd, providing an option to earn a 70% interest in the project's base metal rights. In November 2023, the entity acquired 100% of the Lithium-Caesium-Tantalum rights for the Arrow Project from Arrow Minerals Limited. Subsequently, in May 2024, it entered an earn-in agreement with Mallina Co Pty Ltd, which can earn up to a 75% interest in the Arrow gold project. The company also holds a 51% interest in Vuzel Minerals EOOD in Bulgaria through an earn-in agreement. An ongoing option agreement allows Velocity Minerals to earn a 75% interest in the Zlatusha project. Operationally significant subsidiaries include wholly-owned entities such as Timok Resources Pty Ltd, Pilbara Gold Corporation Pty Ltd, and Western Tethyan EOOD, which hold various tenements.