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Riversgold Ltd. ( (AU:RGL) ) has provided an announcement.
Riversgold has completed 31 new shallow drill holes totalling 2,013 metres at the Northern Zone within its Kalgoorlie Gold Project, targeting a largely untested area between central and eastern mineralised zones. Assay results from 1,475 samples are pending and will inform both geological interpretation and mine planning.
The company is progressing its Mine Development and Closure Plan and associated environmental assessments, including geotechnical drilling, hydrogeological work, flora and fauna surveys, and rehabilitation studies. With all objections to the Mining Lease application resolved and grant expected shortly, Riversgold and partner MEGA Resources are preparing mine planning for a potential production start in the first half of 2026 under a 50/50 profit-share funding arrangement.
The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Riversgold Ltd. stock, see the AU:RGL Stock Forecast page.
More about Riversgold Ltd.
Riversgold Ltd. is an Australian gold exploration and development company focused on its Kalgoorlie Gold Project in Western Australia. The company is advancing the Northern Zone Intrusive Hosted Gold Project, targeting near-surface mineralisation and partnering with MEGA Resources for funded mine development on a profit-sharing basis.
Average Trading Volume: 23,699,268
Technical Sentiment Signal: Sell
Current Market Cap: A$34.33M
See more insights into RGL stock on TipRanks’ Stock Analysis page.