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Riversgold Limited (ASX:RGL)

ALERT: Price-sensitive ASX Announcement for RGL
Current share price for RGL : $0.008 -0.008 (-50%)+
Announcement
Release
30 Apr 2026 5:50PM
Price at Release
$0.016
Full Release
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Summary
Riversgold Limited's quarterly report for the period ending 31 March 2026 highlighted significant progress in its mining ventures, particularly the Northern Zone Gold Project in Kalgoorlie, where a cooperative agreement with MEGA Resources will see shared profits and no upfront costs for Riversgold. Additionally, significant exploration advancements were noted at the Saint John project in Canada. Financial activities included raising $2 million through investor placement, and the company maintains a cash balance of $2,104,000. Key operational activities are underway, including geotechnical drilling and environmental assessments necessary for future mining developments.
Key Points
  • Riversgold Limited (RGL) reported activities for the quarter ended 31 March 2026.
  • The Northern Zone Gold Project near Kalgoorlie is progressing with a Mine Development and Closure Plan (MDCP).
  • A Right to Mine and Co-Operation Agreement was signed with MEGA Resources for full project funding, mining, and haulage.
  • No upfront funding required from Riversgold; profits will be shared 50/50 with MEGA.
  • Geotechnical diamond drilling and environmental assessments are underway.
  • The Saint John Copper/Gold/Silver/Antimony Project in Canada is moving forward with exploration activities.
  • Riversgold raised $2 million via a placement to investors, with an additional $150,000 pending shareholder approval.
  • Cash and cash equivalents at the end of the quarter were $2,104,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.