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Disciplined cash management of ~$15m in cash, with continued focus on optimising expenses and reducing corporate overheads.

Exploration capital allocated strictly to projects that enable immediate deployment of funds into drilling, such as the ongoing second-phase drill program at the Vuzel gold project.

Bolster balance sheet and lower holding costs across the portfolio, through further potential divestments or joint ventures of non-core projects.

Capitalise on opportunities by leveraging Raiden’s strong balance sheet amid challenging market for junior explorers – Raiden has completed screening of 800+ public & private companies, detailed reviews of dozens of opportunities with ongoing discussions and site visits with multiple parties underway.

Andover Lithium Projects remain a core asset; however, near-term expenditure has been paused in response to persistent lithium market weakness and the need for additional native title clearances to drill, preserving capital for projects with stronger near-term value potential.

Enhanced shareholder & new investor communications to centralise and broaden market visibility, supported by the launch of InvestorHub, and a new website to align with Raiden’s strategic direction

Strategy update - Positioning for Value and Growth

Summary