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An announcement from Riversgold Ltd. ( (AU:RGL) ) is now available.
Riversgold has received a preliminary heritage report for key tenements at its Northern Zone Gold Project near Kalgoorlie, indicating no heritage places were identified and that the entire area for planned mining and drilling has been cleared. The final heritage report is expected in about four weeks and will be included in the company’s Mine Development and Closure Plan submission to the government.
The clearance paves the way for conversion of the Northern Zone tenement to a mining lease, which is already well advanced, and for mining activities to commence once approvals are granted. Riversgold has also secured a Right to Mine and Co-Operation Agreement with MEGA Resources, under which MEGA will fund all development and mining at Northern Zone in return for a 50/50 profit share, materially de-risking project financing and accelerating the path to production.
More about Riversgold Ltd.
Riversgold Ltd. is an Australian gold exploration and development company focused on the Northern Zone Gold Project within its broader Kalgoorlie Gold Project in Western Australia. The company is advancing this intrusive-hosted gold asset toward production, targeting near-term mining through a Mine Development and Closure Plan and leveraging partnerships for funding and operations.
Average Trading Volume: 15,293,532
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$32.16M
See more data about RGL stock on TipRanks’ Stock Analysis page.