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An update from Riversgold Ltd. ( (AU:RGL) ) is now available.
Riversgold reported progress at its Northern Zone Gold Project near Kalgoorlie, where environmental assessments, geotechnical drilling and heritage surveys are advancing a Mine Development and Closure Plan and the conversion of key tenements to a mining lease. A binding Right to Mine and Co‑Operation Agreement with MEGA Resources will see MEGA fully fund development, mining and haulage, in exchange for a 50% profit share, while recent drilling continues to define a wide, deep gold‑mineralised porphyry and an expanding shallow gold footprint.
The company also advanced its Saint John copper-gold-silver-antimony project in New Brunswick through a farm-in with A.I.S. Resources, which has begun high‑resolution airborne geophysics and can earn up to 75% by staged exploration spending while Riversgold is free‑carried to a decision to mine. At the Tambourah copper-gold project, a drilling program has been designed pending heritage clearance, and Riversgold strengthened its balance sheet with a $2 million placement to sophisticated investors, supporting ongoing exploration and project development.
More about Riversgold Ltd.
Riversgold Ltd is an Australian mineral exploration and development company focused on gold and base metals projects. Its key assets include the Northern Zone Gold Project near Kalgoorlie in Western Australia, as well as copper-gold-silver-antimony and copper-gold projects in Canada and Western Australia, targeting growth through exploration, project development and partnerships.
Average Trading Volume: 9,077,986
Technical Sentiment Signal: Hold
Current Market Cap: A$36.75M
For a thorough assessment of RGL stock, go to TipRanks’ Stock Analysis page.