Riedel Completes Key Drilling Phase and Raises Capital for Next Steps at Kingman Project

Riedel Resources Limited ( (AU:RIE) ) has provided an update.

Riedel Resources reported that it successfully completed a 21-hole, 739-metre PQ diamond drilling program at its Kingman Gold Project in Arizona during the December 2025 quarter, targeting the Tintic deposit, Silver Fox prospect and a magnetic anomaly near historical Merrimac workings. The campaign, which generated 466 samples now in laboratory analysis, was aimed at collecting metallurgical samples, infilling shallow high-grade gold-silver zones to improve resource confidence, and testing extensions and new structural corridors, laying the groundwork for potential resource growth and more targeted drilling. The company has also advanced planning for the next phase of work, including a permitted trenching program and a new soil geochemistry survey to refine structural and geochemical targets across the project, while on the corporate front it strengthened its board with the appointment of Adrien Wing and raised A$1.78 million through an entitlement offer to support ongoing exploration and project advancement.

The most recent analyst rating on (AU:RIE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Riedel Resources Limited stock, see the AU:RIE Stock Forecast page.

More about Riedel Resources Limited

Riedel Resources Limited is an Australian-listed mineral exploration company focused on gold and silver, with its flagship Kingman Project located in north-west Arizona, USA. The project sits close to major infrastructure and has a history of high-grade gold and silver production dating back to the late 19th and early 20th centuries.

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Technical Sentiment Signal: Sell

Current Market Cap: A$9.2M

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