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Riedel Resources Limited ( (AU:RIE) ) just unveiled an update.
Riedel Resources Limited has made significant progress in its Kingman Project in Arizona, following a successful capital raising of $1.4 million. The company is advancing its planning activities, particularly focusing on the Tintic deposit with an infill drilling program and exploring toll treatment options. With the gold price remaining high, Riedel is evaluating rapid project development opportunities. The company is also ensuring compliance with regulatory requirements and has appointed a new independent Non-Executive Director, Mr. Scott Patrizi.
More about Riedel Resources Limited
Riedel Resources Limited operates in the mining industry, focusing on the exploration and development of high-grade gold and silver deposits. The company’s primary project, the Kingman Project, is located in Arizona, USA, and has a history of mining activities dating back to the 1880s.
Average Trading Volume: 157,562
Technical Sentiment Signal: Sell
Current Market Cap: A$2.74M
See more insights into RIE stock on TipRanks’ Stock Analysis page.