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The latest update is out from Riversgold Ltd. ( (AU:RGL) ).
Riversgold has executed a Deed for Grant of Mining Tenement and a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claimant Group covering key tenements at its Kalgoorlie Gold Project, an important step towards converting the ground to a mining lease. The agreements establish protocols for heritage surveys, safeguards for Aboriginal cultural site protection, and streamlined tenure and activity clearances, providing a framework for progressing the Northern Zone Gold Project toward planned gold production in 2026. In parallel, Riversgold is advancing a Right to Mine and Co-Operation Agreement under which MEGA Resources will fund 100% of development, mining and associated costs at Northern Zone in exchange for a 50/50 profit share with the project owners, enabling Riversgold and its 20% partner Oracle Power to move towards production without upfront capital outlay.
More about Riversgold Ltd.
Riversgold Limited (ASX: RGL) is a Western Australia–focused gold exploration and development company advancing its Kalgoorlie Gold Project, including the 80%-owned Northern Zone Gold Project located about 25km east of Kalgoorlie. The company partners with Oracle Power Plc, which holds the remaining 20% of Northern Zone, and is positioning the project for near-term gold production through third-party development funding arrangements.
Technical Sentiment Signal: Sell
Current Market Cap: A$14.59M
Find detailed analytics on RGL stock on TipRanks’ Stock Analysis page.