Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Riversgold Ltd. ( (AU:RGL) ) has provided an announcement.
Riversgold Ltd has exercised its option to acquire an 80% stake in the Kalgoorlie Gold Project’s Northern Zone, having surpassed the necessary expenditure requirements. This acquisition positions Riversgold for further exploration and potential development of a mining lease, aiming to enhance shareholder value. The project is strategically located near Black Cat Syndicate’s Myaree Gold Mine, and with current gold prices, it presents an opportunity for a contract mining operation. Riversgold plans to continue drilling to establish a robust Mineral Resource Estimate (MRE) and assess the feasibility of an economic starter pit.
More about Riversgold Ltd.
Riversgold Ltd is a mining company operating in the gold industry, primarily focusing on gold exploration and development projects. The company is involved in the exploration of gold tenements, particularly the Kalgoorlie Gold Project in Western Australia.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.42M
For an in-depth examination of RGL stock, go to TipRanks’ Stock Analysis page.
