Riversgold Expands Kalgoorlie Gold Footprint and Secures $2.15m Funding Boost

Riversgold Ltd. ( (AU:RGL) ) just unveiled an announcement.

Riversgold has reported further encouraging assay results from 21 drillholes at its Northern Zone Gold Project near Kalgoorlie, with multiple shallow high-grade oxide gold intercepts that expand the mineralised footprint across the northeast and saddle areas between the east and west zones. The company is also advancing key permitting steps toward mining, including conversion to a Mining Lease, a recently signed Heritage Agreement, and commencement of its Mine Development and Closure Plan and environmental assessments, while a new drill rig is booked for February and results from an additional 16 holes are pending. To support project advancement, Riversgold has raised $2.15 million at $0.01 per share, with JV partner MEGA Resources subscribing for 100 million shares and planning to use the latest drilling to refine mine planning ahead of targeted production in 2026, reinforcing the project’s growth trajectory and potential near-term transition from explorer to producer.

The most recent analyst rating on (AU:RGL) stock is a Sell with a A$0.01 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 (ASX: RGL) is an Australian gold exploration and development company focused on its Kalgoorlie Gold Project in Western Australia, particularly the Northern Zone Intrusive Hosted Gold Project about 25km east of Kalgoorlie. The project targets shallow oxide and porphyry-hosted gold mineralisation within the Canon Shear zone, with mine development being progressed in partnership with production joint venture partner MEGA Resources.

Average Trading Volume: 7,766,871

Technical Sentiment Signal: Sell

Current Market Cap: A$22.92M

For an in-depth examination of RGL stock, go to TipRanks’ Overview page.