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Riversgold Limited (ASX:RGL)

ALERT: Price-sensitive ASX Announcement for RGL
Current share price for RGL : $0.007 -0.003 (-30%)+
Announcement
Release
3 Jul 2026 9:26AM
Price at Release
$0.010
Full Release
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Summary
Riversgold Limited announced the granting of the Mining Lease M25/389 for their Kalgoorlie Gold Project's Northern Zone, which is a significant milestone towards securing long-term tenure and facilitating the submission of necessary governmental approvals for mining operations. This lease, granted for 21 years, supports the company's partnership with Mega Resources, which will fully fund operations in exchange for a 50% share of the profit. The project is expected to progress further with inputs like flora and fauna surveys already completed, and the submission of the Mine Development and Closure Proposal (MDCP) is a forthcoming step.
Key Points
  • Mining Lease M25/389 granted for 21 years.
  • Lease covers Northern Zone of Kalgoorlie Gold Project.
  • Partnership with Mega Resources for project funding.
  • Project Owners to receive 50% of profits.
  • MDCP and NVCP submissions are upcoming.
  • Key inputs like flora and fauna surveys completed.
  • Significant milestone for mining operations near Kalgoorlie.
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.