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Riversgold Ltd. ( (AU:RGL) ) has shared an announcement.
Riversgold Ltd. has entered into a Right to Mine and Co-Operation Agreement with MEGA Resources for its Northern Zone Gold Project near Kalgoorlie. Under this agreement, MEGA will fully fund the project’s development and operations, with profits being split equally between MEGA and the project’s owners, Riversgold and Oracle Power Plc. This partnership is expected to significantly advance the project, with MEGA aiming to commence mining operations in early 2026, pending necessary approvals. The agreement also includes reinvestment of a portion of profits into further drilling to expand the project’s gold mineralization zones.
More about Riversgold Ltd.
Riversgold Ltd. operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in the Northern Zone Gold Project near Kalgoorlie, Western Australia, where it holds an 80% ownership stake. Riversgold collaborates with partners like Oracle Power Plc and mining service providers such as MEGA Resources to advance its projects.
Technical Sentiment Signal: Sell
Current Market Cap: A$10.1M
See more insights into RGL stock on TipRanks’ Stock Analysis page.